Economy of Singapore. Statistics, Data and Indicators
Singapore
| 98AAA | Credit rank #11 |
| 150.45 | Quality of life #32 |
| 5 | Corruption rank#3 |
| 2 | Ease of doing business#2 |
Singapore Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 467 USD Billion | 2022 |
| GDP Annual Growth Rate | 0.5 % | 2Q/23 |
| GDP Growth Rate | 0.1 % | 2Q/23 |
| GDP per capita | 67360 USD | 2022 |
| Inflation Rate YoY | 4 % | Aug/23 |
| Interest Rate | 3.75 % | Oct/23 |
| Unemployment Rate | 1.9 % | 2Q/23 |
| Wages | 6254 SGD/Month | 4588.745 USD/Month | 2Q/23 |
| Balance of Trade | 3585 SGD Million | 2.63 B USD | Aug/23 |
| Current Account | 31024 SGD Million | 22.763 B USD | 2Q/23 |
| Foreign Exchange Reserves | 460498 SGD Million | 337.881 B USD | Sep/23 |
| Government Debt | 1102454 SGD Million | 808.903 B USD | 2Q/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 467 USD Billion | 2022 |
| GDP Annual Growth Rate | 0.5 % | 2Q/23 |
| GDP Growth Rate | 0.1 % | 2Q/23 |
| GDP per capita | 67360 USD | 2022 |
| Gross National Product | 539955 SGD Million | 396.181 B USD | 2022 |
| GDP Constant Prices | 130591 SGD Million | 95.818 B USD | 2Q/23 |
| GDP per capita PPP | 108036 USD | 2022 |
| GDP From Construction | 3814 SGD Million | 2.798 B USD | 2Q/23 |
| GDP From Manufacturing | 27154 SGD Million | 19.924 B USD | 2Q/23 |
| GDP From Services | 19657 SGD Million | 14.423 B USD | 2Q/23 |
| GDP From Transport | 8225 SGD Million | 6.035 B USD | 2Q/23 |
| GDP From Utilities | 1538 SGD Million | 1.128 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 168 % | 2022 |
| Government Budget Value | 4097 SGD Million | 3.006 USD Billion | Aug/23 |
| Government Spending | 13540 SGD Million | 9.935 USD Billion | 2Q/23 |
| Government Debt | 1102454 SGD Million | 808.903 USD Billion | 2Q/23 |
| Government Revenues | 13054 SGD Million | 9.578 USD Billion | Aug/23 |
| Fiscal Expenditure | 8956 SGD Million | 6.571 B USD | Aug/23 |
| Government Budget to GDP | -0.3 % | 2022 |
| Military Expenditure | 11688 USD Million | 11.688 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 114 index points | Aug/23 |
| Export Prices | 112 index points | Aug/23 |
| Food Inflation | 4.8 % | Aug/23 |
| Gasoline Prices | 2.89 USD/Liter | Sep/23 |
| GDP Deflator | 125 index points | 2Q/23 |
| Import Prices | 114 index points | Aug/23 |
| Inflation Rate YoY | 4 % | Aug/23 |
| Producer Prices | 117 index points | Aug/23 |
| Inflation Rate Mom | 0.9 % | Aug/23 |
| Core Consumer Prices | 115 Index Points | Aug/23 |
| Core Inflation Rate | 3.4 % | Aug/23 |
| CPI Housing Utilities | 112 Index Points | Aug/23 |
| CPI Transportation | 135 Index Points | Aug/23 |
| Producer Prices Change | -3.7 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 19.3 % | 2022 |
| Weapons Sales | 47 USD Million | 2016 |
| Balance of Trade | 3585 SGD Million | 2.63 USD Billion | Aug/23 |
| Capital Flows | 5693 SGD Million | 4.177 USD Billion | 2Q/23 |
| Current Account | 31024 SGD Million | 22.763 USD Billion | 2Q/23 |
| Exports | 51791 SGD Million | 38.001 USD Billion | Aug/23 |
| External Debt | 2420511 SGD Million | 1776 USD Billion | 2Q/23 |
| Foreign Exchange Reserves | 460498 SGD Million | 337.881 USD Billion | Sep/23 |
| Imports | 48206 SGD Million | 35.37 USD Billion | Aug/23 |
| Terms of Trade | 97.9 Index Points | Aug/23 |
| Tourist Arrivals | 1130741 Persons | 1.131 Million Persons | Sep/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 5.25 % | Jun/21 |
| Gold Reserves | 225 Tonnes | 2Q/23 |
| Interbank Rate | 4.06 % | Oct/23 |
| Interest Rate | 3.75 % | Oct/23 |
| Loans to Private Sector | 786284 SGD Million | 576.92 USD Billion | Aug/23 |
| Money Supply M0 | 60818 SGD Million | 44.624 USD Billion | Aug/23 |
| Money Supply M1 | 259096 SGD Million | 190.106 USD Billion | Aug/23 |
| Money Supply M2 | 785066 SGD Million | 576.026 USD Billion | Aug/23 |
| Money Supply M3 | 799532 SGD Million | 586.64 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 711201 SGD Million | 521.829 B USD | Aug/23 |
| Deposit Interest Rate | 0.12 % | Jun/21 |
| Foreign Direct Investment | 47841 SGD Million | 35.102 B USD | 2Q/23 |
| Private Sector Credit | 622817 SGD Million | 456.979 B USD | Aug/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 63 | 2022 |
| Retirement Age Women | 63 | 2022 |
| Unemployment Rate | 1.9 % | 2Q/23 |
| Wages | 6254 SGD/Month | 4588.745 USD/Month | 2Q/23 |
| Employed Persons | 3932 Thousand Person | 3.932 Million Person | 2023 |
| Employment Change | 26.8 Thousand Person | 2Q/23 |
| Job Vacancies | 89400 | 89.4 K | 2Q/23 |
| Labor Force Participation Rate | 70 % | 2022 |
| Unemployed Persons | 98 Thousand Persons | 0.098 Million Persons | 2022 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 17 % | 2023 |
| Personal Income Tax Rate | 22 % | 2022 |
| Sales Tax Rate | 7 % | 2023 |
| Social Security Rate | 37 % | 2023 |
| Social Security Rate For Companies | 17 % | 2023 |
| Social Security Rate For Employees | 20 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | -12.1 % | Aug/23 |
| Industrial Production (MoM) | -10.51 % | Aug/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 139 companies | Aug/23 |
| Business Confidence | 6 index points | 2Q/23 |
| Corruption Index | 83 index points | 2022 |
| Corruption Rank | 5 place | 2022 |
| Ease of Doing Business | 2 place | 2019 |
| Manufacturing PMI | 50.1 index points | Sep/23 |
| Competitiveness Index | 84.78 Index Points | 2019 |
| Competitiveness Rank | 1 | 2019 |
| Composite PMI | 54.2 Index Points | Sep/23 |
| Leading Economic Index | 107 Index Points | 2Q/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Retail Sales MoM | 1.7 % | Aug/23 |
| Retail Sales YoY | 4 % | Aug/23 |
| Consumer Spending | 47002 SGD Million | 34.487 USD Billion | 2Q/23 |
| Households Debt To GDP | 48 % | 1Q/23 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| New Home Sales | 394 Units | Aug/23 |
