Economy of Singapore. Statistics, Data and Indicators

Singapore
98AAA | Credit rank #11 |
150.45 | Quality of life #32 |
3 | Corruption rank#3 |
2 | Ease of doing business#2 |

Singapore Major Economic Indicators
Indicator | Data | Period |
---|---|---|
GDP Value | 372 USD Billion | 2019 |
GDP Annual Growth Rate | 0.2 % | 1Q/21 |
GDP Growth Rate | 2 % | 1Q/21 |
GDP per capita | 58830 USD | 2019 |
Inflation Rate YoY | 0.7 % | Feb/21 |
Interest Rate | 0.26 % | Feb/21 |
Unemployment Rate | 3.3 % | 4Q/20 |
Wages | 5877 SGD/Month | 4404.689 USD/Month | 4Q/20 |
Balance of Trade | 5608 SGD Million | 4.203 B USD | Mar/21 |
Current Account | 19623 SGD Million | 14.707 B USD | 4Q/20 |
Foreign Exchange Reserves | 382000 SGD Million | 286.301 B USD | Mar/21 |
Government Debt | 704721 SGD Million | 528.174 B USD | 4Q/20 |
GDP

372
USD Billion
#38 from 174 countries
GDP per capita

58830
USD
#7 from 169 countries
GDP Indicators
Indicator | Data | Period |
---|---|---|
GDP Value | 372 USD Billion | 2019 |
GDP Annual Growth Rate | 0.2 % | 1Q/21 |
GDP Growth Rate | 2 % | 1Q/21 |
GDP per capita | 58830 USD | 2019 |
Gross National Product | 411757 SGD Million | 308.603 B USD | 2020 |
GDP Constant Prices | 117400 SGD Million | 87.989 B USD | 4Q/20 |
GDP per capita PPP | 97342 USD | 2019 |
GDP From Construction | 3598 SGD Million | 2.697 B USD | 4Q/20 |
GDP From Manufacturing | 25190 SGD Million | 18.879 B USD | 4Q/20 |
GDP From Services | 16807 SGD Million | 12.596 B USD | 4Q/20 |
GDP From Transport | 5882 SGD Million | 4.408 B USD | 4Q/20 |
GDP From Utilities | 1471 SGD Million | 1.102 B USD | 4Q/20 |
Budget Indicators
Indicator | Data | Period |
---|---|---|
Government Debt to GDP | 131 % | 2020 |
Government Budget Value | 2436 SGD Million | 1.826 USD Billion | Feb/21 |
Government Spending | 14069 SGD Million | 10.544 USD Billion | 4Q/20 |
Government Debt | 704721 SGD Million | 528.174 USD Billion | 4Q/20 |
Government Revenues | 9690 SGD Million | 7.262 USD Billion | Feb/21 |
Fiscal Expenditure | 7254 SGD Million | 5.437 B USD | Feb/21 |
Government Budget to GDP | -13.9 % | 2020 |
Military Expenditure | 11262 USD Million | 11.262 B USD | 2019 |
Inflation Indicators
Indicator | Data | Period |
---|---|---|
Consumer Price Index (CPI) | 101 index points | Feb/21 |
Export Prices | 94.4 index points | Feb/21 |
Food Inflation | 1.6 % | Feb/21 |
Gasoline Prices | 1.73 USD/Liter | Mar/21 |
GDP Deflator | 103 index points | 4Q/20 |
Import Prices | 97.9 index points | Feb/21 |
Inflation Rate YoY | 0.7 % | Feb/21 |
Producer Prices | 91.53 index points | Feb/21 |
Inflation Rate Mom | 0.6 % | Feb/21 |
Core Consumer Prices | 101 Index Points | Feb/21 |
Core Inflation Rate | 0.2 % | Feb/21 |
CPI Housing Utilities | 100 Index Points | Feb/21 |
CPI Transportation | 103 Index Points | Feb/21 |
Producer Prices Change | -0.7 % | Feb/21 |
Trade Indicators
Indicator | Data | Period |
---|---|---|
Current Account to GDP | 17.6 % | 2020 |
Weapons Sales | 47 USD Million | 2016 |
Balance of Trade | 5608 SGD Million | 4.203 USD Billion | Mar/21 |
Capital Flows | -16248 SGD Million | -12.178 USD Billion | 4Q/20 |
Current Account | 19623 SGD Million | 14.707 USD Billion | 4Q/20 |
Exports | 46100 SGD Million | 34.551 USD Billion | Mar/21 |
External Debt | 2210680 SGD Million | 1656.858 USD Billion | 4Q/20 |
Foreign Exchange Reserves | 382000 SGD Million | 286.301 USD Billion | Mar/21 |
Imports | 38103 SGD Million | 28.557 USD Billion | Mar/21 |
Terms of Trade | 96.39 Index Points | Feb/21 |
Tourist Arrivals | 27174 Persons | 0.027 Million Persons | Mar/21 |
Money Indicators
Indicator | Data | Period |
---|---|---|
Bank Lending Rate | 5.25 % | Mar/21 |
Gold Reserves | 127 Tonnes | 4Q/20 |
Interbank Rate | 0.44 % | Apr/21 |
Interest Rate | 0.26 % | Feb/21 |
Loans to Private Sector | 686729 SGD Million | 514.689 USD Billion | Feb/21 |
Money Supply M0 | 55450 SGD Million | 41.559 USD Billion | Feb/21 |
Money Supply M1 | 262747 SGD Million | 196.923 USD Billion | Feb/21 |
Money Supply M2 | 712964 SGD Million | 534.352 USD Billion | Feb/21 |
Money Supply M3 | 726140 SGD Million | 544.227 USD Billion | Feb/21 |
Central Bank Balance Sheet | 527028 SGD Million | 394.996 B USD | Mar/21 |
Deposit Interest Rate | 0.12 % | Feb/21 |
Foreign Direct Investment | 30329 SGD Million | 22.731 B USD | 4Q/20 |
Private Sector Credit | 630997 SGD Million | 472.919 B USD | Feb/21 |
Labor Indicators
Indicator | Data | Period |
---|---|---|
Retirement Age Men | 62 | 2021 |
Retirement Age Women | 62 | 2021 |
Unemployment Rate | 3.3 % | 4Q/20 |
Wages | 5877 SGD/Month | 4404.689 USD/Month | 4Q/20 |
Employed Persons | 3598 Thousand Person | 3.598 Million Person | 2020 |
Employment Change | -13.4 Thousand Person | 4Q/20 |
Job Vacancies | 55100 | 55.1 K | 4Q/20 |
Labor Force Participation Rate | 68.1 % | 2020 |
Unemployed Persons | 140 Thousand Persons | 0.14 Million Persons | 2020 |
Taxes
Indicator | Data | Period |
---|---|---|
Corporate Tax Rate | 17 % | 2021 |
Personal Income Tax Rate | 22 % | 2020 |
Sales Tax Rate | 7 % | 2021 |
Social Security Rate | 37 % | 2020 |
Social Security Rate For Companies | 17 % | 2020 |
Social Security Rate For Employees | 20 % | 2020 |
Production Indicators
Indicator | Data | Period |
---|---|---|
Industrial Production | 16.4 % | Feb/21 |
Industrial Production (MoM) | 1.6 % | Feb/21 |
Business Indicators
Indicator | Data | Period |
---|---|---|
Bankruptcies | 50 companies | Mar/21 |
Business Confidence | 32 index points | 4Q/20 |
Corruption Index | 85 index points | 2020 |
Corruption Rank | 3 place | 2020 |
Ease of Doing Business | 2 place | 2019 |
Manufacturing PMI | 50.8 index points | Mar/21 |
Competitiveness Index | 84.78 Index Points | 2019 |
Competitiveness Rank | 1 | 2019 |
Composite PMI | 53.5 Index Points | Mar/21 |
Leading Economic Index | 111 Index Points | 4Q/20 |
Consumer Indicators
Indicator | Data | Period |
---|---|---|
Retail Sales MoM | -1.6 % | Feb/21 |
Retail Sales YoY | 5.2 % | Feb/21 |
Consumer Spending | 39743 SGD Million | 29.787 USD Billion | 4Q/20 |
Households Debt To GDP | 53.8 % | 3Q/20 |
Housing Market
Indicator | Data | Period |
---|---|---|
New Home Sales | 645 Units | Feb/21 |
Government Debt

528.174
USD Billion
#14 from 65 countries
Balance of Trade

4.203
USD Billion
#22 from 173 countries
Gold Reserves

127
Tonnes
#28 from 114 countries
Foreign Exchange Reserves

286.301
USD Billion
#11 from
114 countries
Government Budget Value

1.826
USD Billion
#11 from 113 countries
Inflation Rate

0.7
%
#135 from
174 countries
Interest Rate

0.26
%
#118 from
159 countries
Bank Lending Rate

5.25%
#19 from
55 countries
Unemployment Rate

3.3
%
#152 from
171 countries
Wages

4404.689
USD/Month
#9 from
82 countries
Retirement Age


62
62
men
women
Taxes


17%
22%
company profits
income of individuals