Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Currency 1.27 1.27 1.26 1.25 1.25
Stock Market (points) 5031.54 4970 4794 4686 4581
Government Bond 10Y (%) 1.96 1.94 1.88 1.84 1.8

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 1.90 0.1 0.3 0.3 0.5
GDP Annual Growth Rate (%) 6.90 5.4 3.6 2.8 4
Unemployment Rate (%) 2.00 2 2.1 2 1.9
Inflation Rate (%) 1.40 1.7 1.8 1.9 1.5
Inflation Rate MoM (%) -0.50 0.3 0.2 0.2 0.5
Interest Rate (%) 1.29 1 1 1.5 1
Balance of Trade (SGD Million) 12534.00 9500 4000 6500 3500
Current Account (SGD Million) 40236.00 36000 36500 36500 37000
Business Confidence (points) 11.00 10 12 7 9
Manufacturing PMI (points) 50.50 50.6 50.4 51 50.6
Retail Sales MoM (%) -5.40 0.2 -0.4 0.4 0.4
Current Account to GDP (% of GDP) 16.70 17.1
Government Debt to GDP (% of GDP) 173.10 176
Government Budget (% of GDP) 1.90 1

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 1.90 0.1 0.3 0.3 0.5
GDP Annual Growth Rate (%) 6.90 5.4 3.6 2.8 4
GDP Constant Prices (SGD Million) 151646.50 150415 150532 152997 157712
Gross Fixed Capital Formation (SGD Million) 35792.00 36320 36010 36794 37224
GDP from Construction (SGD Million) 5306.80 5233 5477 5475 5519
GDP from Manufacturing (SGD Million) 34792.70 30380 29728 32768 36184
GDP from Services (SGD Million) 21753.60 22290 22849 22363 22624
GDP from Transport (SGD Million) 9267.00 9804 9583 9526 9638
GDP from Utilities (SGD Million) 1619.90 1678 1659 1665 1685
GDP (USD Billion) 547.39 567
Gross National Product (SGD Million) 731436.10 760694
GDP per Capita (USD) 67706.83 70144
GDP per Capita PPP (USD) 132569.53 137342
Full Year GDP Growth (%) 5.00 3.6

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 2.00 2 2.1 2 1.9
Wages (SGD/Month) 6429.00 6580 6620 6650 6750
Population (Million) 6.11 6.06

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 1.40 1.7 1.8 1.9 1.5
Inflation Rate MoM (%) -0.50 0.3 0.2 0.2 0.5
Consumer Price Index CPI (points) 101.30 102 103 103 103
Core Consumer Prices (points) 101.47 102 102 103 104
Core Inflation Rate (%) 1.00 1.7 1.8 1.8 1.9
GDP Deflator (points) 127.10 135 133 130 129
Producer Prices (points) 97.51 99.98 99.2 99.98 99.46
Export Prices (points) 89.70 91.36 91.75 91.08 89.43
Import Prices (points) 91.50 93.02 92.87 93.97 93.42
Food Inflation (%) 1.20 2 1.6 3 2.2
Export Prices YoY (%) -4.90 -2 1.7 1.4 1.4
Import Prices YoY (%) -3.30 0.3 2 2 2.1
CPI Housing Utilities (points) 100.10 103 103 103 103
CPI Transportation (points) 104.70 105 105 105 106
Producer Prices Change (%) -3.30 -1.8 1.4 1.9 2

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 1.29 1 1 1.5 1
Money Supply M2 (SGD Million) 879796.20 870000 899000 899000 912000
Foreign Exchange Reserves (SGD Million) 529105.20 508000 512000 5124000 517000
Loans to Private Sector (SGD Million) 886109.70 892215 884056 887946 921554

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (SGD Million) 12534.00 9500 4000 6500 3500
Current Account (SGD Million) 40236.00 36000 36500 36500 37000
Imports (SGD Million) 62804.82 52500 52000 52500 60500
Exports (SGD Million) 75338.95 62000 56000 59000 64000
Exports of Non-oil Domestic Exports Of (%) 0.70 0.5 2.1 2.2 2
Domestic Exports of Non Oil (nodx) (%yoy) (%) 9.30 -3.9 1.5 1.9 3
Current Account to GDP (% of GDP) 16.70 17.1

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Business Confidence (points) 11.00 10 12 7 9
Manufacturing PMI (points) 50.50 50.6 50.4 51 50.6
Industrial Production (%) 8.30 2.6 -0.5 1.5 4
Industrial Production Mom (%) -13.30 1.9 1.9 2 1.9
Composite PMI (points) 56.80 55 51.5 51.4 51.4

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Retail Sales MoM (%) -5.40 0.2 -0.4 0.4 0.4
Retail Sales YoY (%) 2.70 2.3 1.8 2.2 2
Consumer Spending (SGD Million) 51974.50 53810 53984 53430 54053
Gasoline Prices (USD/Liter) 2.84 2.87 2.99 3.07 3.15

Housing Actual Q1/26 Q2/26 Q3/26 Q4/26
Housing Index (points) 216.40 218 221 225 231
House Price Index MoM (%) 0.60 0.2 0.4 0.3 0.7

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Government Debt to GDP (% of GDP) 173.10 176
Government Budget (% of GDP) 1.90 1