Singapore | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate -2.00 4.8 0.3 0.5 0.9 3.7 percent [+]
Unemployment Rate 2.10 2.1 2.2 2.1 2.2 2.6 percent [+]
Inflation Rate -0.10 0 0.3 0.8 0.9 2.8 percent [+]
Interest Rate 0.07 0.2 0.4 0.4 0.4 1.2 percent [+]
Balance of Trade 5156.80 3468 4186 5180 3739 5547 Million SGD [+]
Government Debt to GDP 104.70 103 104 104 104 106 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.43 1.43 1.45 1.46 1.48 1.7 [+]
Stock Market 2956.13 2780 2750 2720 2700 2250 points [+]
Government Bond 10Y 2.32 2.33 2.36 2.38 2.4 2.77 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate -2.00 4.8 0.3 0.5 0.9 3.7 percent [+]
GDP Annual Growth Rate 1.10 1.7 1.6 1.8 2 1.8 percent [+]
GDP 292.74 307 312 312 312 330 USD Billion [+]
GDP Constant Prices 98684.20 100800 106100 101100 101400 109000 SGD Million [+]
Gross National Product 378329.70 392935 395506 398078 400650 435207 SGD Million [+]
Gross Fixed Capital Formation 23538.70 24265 23281 24485 24353 25400 SGD Million [+]
GDP per capita 51855.08 52464 53066 53019 53100 56242 USD [+]
GDP per capita PPP 80191.54 80721 81305 81389 81300 85504 USD [+]
GDP From Construction 4743.80 4739 4730 4697 4990 5260 SGD Million [+]
GDP From Manufacturing 17391.00 17259 17703 17533 17600 18200 SGD Million [+]
GDP From Services 18509.50 19296 19038 19217 19400 20800 SGD Million [+]
GDP From Transport 7535.40 7737 7796 7835 7600 8130 SGD Million [+]
GDP From Utilities 1341.90 1346 1390 1336 1386 1450 SGD Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 2.10 2.1 2.2 2.1 2.2 2.6 percent [+]
Employed Persons 3655.60 3730 3820 3820 3820 4151 Thousand [+]
Unemployed Persons 94.60 96.8 99 99 99 104 Thousand [+]
Average Weekly Hours 45.60 45.4 45.2 45.2 45.2 44.5 [+]
Labor Force Participation Rate 68.30 68.5 68.7 68.7 68.7 71.5 percent [+]
Labour Costs 110.90 120 125 112 110 122 Index Points [+]
Productivity 110.90 121 126 112 109 122 Index Points [+]
Job Vacancies 50500.00 47083 48925 46734 45734 58817 [+]
Wages 4789.00 5372 5675 4918 4757 6045 SGD/Month [+]
Wages in Manufacturing 4220.00 5569 5903 5337 5300 7145 SGD/Month [+]
Population 5.54 5.63 5.65 5.66 5.68 5.9 Million [+]
Retirement Age Women 62.00 62 62 62 62 62 [+]
Retirement Age Men 62.00 62 62 62 62 62 [+]
Employment Change -3.30 4.1 -2.18 -3 5 12.2 Thousands Person [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate -0.10 0 0.3 0.8 0.9 2.8 percent [+]
Inflation Rate Mom -0.30 -0.1 0.2 0.2 0 0.4 percent [+]
Consumer Price Index CPI 98.88 98.8 99 99 98.97 110 Index Points [+]
Core Consumer Prices 100.96 101 101 101 102 118 Index Points [+]
Core Inflation Rate 1.10 1.1 1.1 1.2 1.4 2.3 percent [+]
GDP Deflator 100.12 102 102 103 103 116 Index Points [+]
Producer Prices 74.60 74.8 75 75.2 75.7 92.32 Index Points [+]
Export Prices 83.00 82.56 84 84 83.44 79 Index Points [+]
Import Prices 78.10 74.63 74.5 74.5 78.14 70 Index Points [+]
Food Inflation 1.90 2.3 2.5 2.6 2.7 2.9 percent [+]
Cpi Transportation 97.47 97.49 97.47 97.47 97.47 97.47 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.07 0.2 0.4 0.4 0.4 1.2 percent [+]
Interbank Rate 0.88 0.87 0.87 0.87 0.87 0.58 percent [+]
Money Supply M0 36311.90 36785 37295 37805 38314 44943 SGD Million [+]
Money Supply M1 166641.00 165357 166640 167983 169385 192081 SGD Million [+]
Money Supply M2 548096.10 554064 561320 568751 576349 688000 SGD Million [+]
Money Supply M3 560299.10 561415 564970 568744 572718 637028 SGD Million [+]
Foreign Exchange Reserves 355263.80 356278 359821 362657 365433 400462 SGD Million [+]
Banks Balance Sheet 1119315.90 1100000 1110000 1130000 1170000 1410000 SGD Million [+]
Loans to Private Sector 607978.90 594000 604000 607000 605000 619000 SGD Million [+]
Deposit Interest Rate 0.20 0.2 0.1 0.1 0.1 1 percent [+]
Central Bank Balance Sheet 359943.70 353000 358000 363000 370000 420000 SGD Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 5156.80 3468 4186 5180 3739 5547 Million SGD [+]
Exports 37714.44 35432 34861 38893 36177 42326 Million SGD [+]
Imports 32557.62 31964 30675 33713 32437 36778 Million SGD [+]
Current Account 24666.70 19000 20200 21000 21000 24000 SGD Million [+]
Current Account to GDP 19.70 21 20.5 20.5 20.5 17 percent [+]
External Debt 0.00 0 0 0 0 0 SGD Million [+]
Terms of Trade 106.27 106 106 106 106 107 Index Points [+]
Capital Flows 19451.10 18500 27000 16000 23000 24000 SGD Million [+]
Tourist Arrivals 1481678.00 1567476 1568420 1383341 1288232 2210118 [+]
Gold Reserves 127.40 127 127 127 127 127 Tonnes [+]
Terrorism Index 0.00 0 0.5 0.5 0.5 0.2 [+]
Weapons Sales 48.00 28.58 27.95 27.33 29.66 37.43 USD Million [+]
Foreign Direct Investment 24911.40 20012 21358 26489 27000 27753 SGD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 104.70 103 104 104 104 106 percent [+]
Government Budget -1.20 -0.5 -0.7 -0.7 -0.8 -0.17 percent of GDP [+]
Government Budget Value -87.90 924 1297 1355 1365 1367 SGD Million [+]
Government Spending 9439.60 9952 10112 11017 10448 11198 SGD Million [+]
Government Revenues -89.80 356 890 844 905 933 SGD Million [+]
Fiscal Expenditure -1.90 -515 -478 -473 -477 -476 SGD Million [+]
Military Expenditure 10213.20 10201 10370 10540 10601 11225 USD Million [+]
Government Debt 446329.30 454413 460835 465140 471415 516382 SGD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 4.00 -12 -2 2 -3 7 [+]
Manufacturing PMI 50.20 49.8 49.6 49.9 50.1 50.2 [+]
Industrial Production 1.20 2.2 1.2 2 2.7 3.1 percent [+]
Industrial Production Mom -0.10 -3.5 -2.1 -1.3 2.2 0.7 percent [+]
Changes in Inventories -1754.60 -979 1053 156 -89.27 530 SGD Million [+]
Bankruptcies 179.00 170 156 180 170 180 Companies [+]
Car Registrations 9751.00 12372 12347 12394 12794 20000 Cars [+]
Leading Economic Index 103.20 104 104 104 105 109 Index Points [+]
Competitiveness Index 5.72 5.68 5.7 5.7 5.7 5.78 Points [+]
Competitiveness Rank 2.00 2 2 2 2 1 [+]
Composite Pmi 52.80 51.5 51.31 51.43 51.77 51.85 [+]
Ease of Doing Business 2.00 1.78 1.71 1.68 1 1.59 [+]
Corruption Index 85.00 85 86 86 86 89 Points [+]
Corruption Rank 8.00 8 7 7 7 4 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Retail Sales MoM -0.70 -1.3 1 -0.9 0.9 -0.5 percent [+]
Retail Sales YoY 2.00 4.1 2.7 4 3.2 2.65 percent [+]
Consumer Spending 34250.50 34425 34636 34930 36087 37931 SGD Million [+]
Private Sector Credit 533425.00 535884 538731 541545 544268 572086 SGD Million [+]
Bank Lending Rate 5.35 5.35 5.35 5 5 3.25 percent [+]
Households Debt To Gdp 60.20 60.7 60.3 60.4 60.8 63 percent of GDP [+]
Gasoline Prices 1.37 1.4 1.4 1.39 1.38 1.32 USD/Liter [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 137.90 139 139 139 140 153 Index Points [+]
New Home Sales 1252.00 290 910 570 400 400 Units [+]
Home Ownership Rate 90.80 90.9 91 91 91 91.7 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 17.00 17 17 17 17 19 percent [+]
Personal Income Tax Rate 22.00 20 20 20 22 22 percent [+]
Sales Tax Rate 7.00 7 7 7 7 8 percent [+]
Social Security Rate 37.00 37 37 37 37 36 percent [+]
Social Security Rate For Companies 17.00 17 17 17 17 16 percent [+]
Social Security Rate For Employees 20.00 20 20 20 20 20 percent [+]





Economic Forecasts for Singapore including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Singapore economy. 12/10/2016