skip to main content

Singapore

Macroeconomy

Geostrategy

Key Indicators

3 Month Interbank Rate
Percent Per Annum - Singapore
0.56, 0.56, 0.56, 0.56, 0.44 0.44
Cpi % Change
Singapore
3.23, 3.21, 2.72, 3.1, 3.29 3.29
Unemployment Rate
Singapore
4.4, 5.9, 4.1, 2.9, 3.1 3.1
Gdp Volume % Change
Singapore
-1.72, 1.8, 3.77, 16.9, 18.78 18.78
Bop
Current Account, Exports Of Goods, Sgd - Singapore
111028.1, 121270.2, 126750, 125070.3, 126814.6 126,814.6
Foreign Trade
Exports, Non-Oil, Sgd - Singapore
32629676, 31270112, 26958684, 34108844, 30608028 30,608,028
Industrial Production
Total, 2007=100 - Singapore
120.1, 110.1, 116.6, 106.5, 146.9 146.9
National Account
Gross Fixed Capital Formation, Total, Base 2005, Sgd - Singapore
16400.1, 16957.5, 17690.7, 17922.8, 15947.5 15,947.5
data by Factset

Singapore Outlook: Export Demand in Short Supply

Singapore’s highly trade-dependent economy will face significant challenges once weak global growth stymies exports. The rising non-SGD loan-to-deposit (LTD) ratio poses a risk to the stability of the domestic banking sector, though it remains resilient. The Monetary Authority of Singapore may choose to adopt a zero-appreciation stance if external conditions severely deteriorate. 

Read the latest Singapore Outlook

Economic Research

Asia Weekly

India Monetary Policy; Japan Exports and Inflation; Singapore IP and Inflation

By Adam Wolfe, Michael Manetta, Kunal Kumar Kundu and Ayoti Mittra Jan 19, 2012

Asia Weekly

Australia Unemployment and Inflation; China GDP; Singapore Exports

By Michael Manetta, Adam Wolfe and Ayoti Mittra Jan 12, 2012

Global Economic Outlook

Asia Outlook: The World Is Not Enough

By Adam Wolfe, Michael Manetta, Ayoti Mittra and Kunal Kumar Kundu Dec 9, 2011

Global Economic Outlook

Singapore Outlook: Export Demand in Short Supply

By Ayoti Mittra Dec 6, 2011

Asia Weekly

Thailand GDP; Singapore IP and Inflation; Taiwan IP

By Michael Manetta, Adam Wolfe, Ayoti Mittra and Kevin Yan Nov 17, 2011

Asia Weekly

Taiwan GDP; Thailand Inflation; Malaysia Exports

By Michael Manetta, Adam Wolfe and Ayoti Mittra Oct 27, 2011

Asia Weekly

Vietnam and Australia Inflation; India Monetary Policy; Singapore Industrial Production

By Michael Manetta, Mikka Pineda, Adam Wolfe and Ayoti Mittra Oct 20, 2011

Asia Weekly

Singapore, Japan, Thailand Industrial Production; Taiwan Monetary Policy; Vietnam Inflation

By Michael Manetta, Adam Wolfe, Mikka Pineda and Ayoti Mittra Sep 22, 2011

Global Economic Outlook

Asia Outlook Update: You Only Live Twice

By Adam Wolfe, Michael Manetta and Mikka Pineda Sep 19, 2011

Global Economic Outlook

Singapore Outlook Update: Yer Blues

By Michael Manetta Sep 13, 2011

Asia Weekly

Japan Inflation; Singapore Inflation and Industrial Production

By Michael Manetta, Mikka Pineda and Ayoti Mittra Aug 18, 2011

Asia Weekly

Singapore, Vietnam and Australia Inflation; India and Philippine Monetary Policy; Thailand Manufacturing

By Michael Manetta, Mikka Pineda and Adam Wolfe Jul 21, 2011

Asia Weekly

Singapore and Japan Exports; Malaysia Inflation

By Michael Manetta and Mikka Pineda Jul 14, 2011

Asia Weekly

China Inflation; China and Singapore GDP; Philippines Exports

By Adam Wolfe, Michael Manetta and Mikka Pineda Jul 7, 2011

Asia Weekly

Outlook Updates for Australia, China, Malaysia, Pakistan, Singapore, South Korea, Taiwan and Vietnam

By Arpitha Bykere, Michael Manetta, Mikka Pineda and Adam Wolfe Jun 23, 2011

Global Economic Outlook

Singapore Outlook Update: Running a Tight Ship

By Michael Manetta Jun 20, 2011

Asia Weekly

China Inflation; India and Philippines Monetary Policy; Singapore Exports

By Adam Wolfe, Arpitha Bykere, Michael Manetta and Mikka Pineda Jun 9, 2011

Economic Research

How Singapore (Might) Explain the World

By Michael Manetta May 25, 2011

Asia Weekly

Thailand GDP, Taiwan IP, Singapore IP and Inflation, Japan Exports

By Michael Manetta, Adam Wolfe and Mikka Pineda May 19, 2011

Asia Weekly

Singapore Trade; Japan and Malaysia Q1 GDP

By Michael Manetta and Mikka Pineda May 12, 2011

Economic Research

Overheating Asia Yearns for Policy Coolants

By Arpitha Bykere, Michael Manetta and Adam Wolfe May 9, 2011

Global Economic Outlook

Singapore Outlook Update: The Little Engine That Could

By Michael Manetta May 4, 2011

Asia Weekly

Australia and Singapore Inflation, South Korea and Taiwan Growth

By Michael Manetta, Mikka Pineda, Adam Wolfe and Arpitha Bykere Apr 21, 2011

Economic Research

Japan's Earthquake: Can the Growth Impact on EM Asia Be Discounted?

By Michael Manetta, Arpitha Bykere and Adam Wolfe Apr 12, 2011

Asia Weekly

India Inflation, China GDP, Indonesia Monetary Policy, Philippines Exports

By Adam Wolfe, Arpitha Bykere, Michael Manetta and Mikka Pineda Apr 7, 2011

Economic Research

Singapore Q1 GDP Growth Underscores Difficult H1 Environment

By Michael Manetta Apr 7, 2011

Global Economic Outlook

Singapore Outlook: Growth Retreats as Prices Peak

By Michael Manetta Mar 18, 2011

Global Economic Outlook

Asia/Pacific Outlook: Dreaming of Decoupling

By Arpitha Bykere Mar 18, 2011

Asia Weekly

Industrial Production Moderates, Inflation Stays Elevated

By Michael Manetta and Adam Wolfe Mar 17, 2011

Economic Research

Singapore Inflation Keeps Up the Pace in February

By Michael Manetta Mar 17, 2011

Economic Research

Slower IP Growth in Singapore to Persist on Cyclical Factors

By Michael Manetta Mar 17, 2011

Asia Weekly

China, Japan and India Monetary Policy; Singapore Industrial Production

By Adam Wolfe, Arpitha Bykere, Michael Manetta and Mikka Pineda Mar 10, 2011

Economic Research

Structural Shifts in Singapore's Export-Driven Economy

By Michael Manetta Mar 10, 2011

Asia Weekly

Asia Off to a Roaring Start in 2011

By Michael Manetta, Mikka Pineda and Adam Wolfe Feb 17, 2011

Economic Research

Singapore IP Bucks Seasonal Trend, Takes January by Storm

By Michael Manetta Feb 17, 2011

Asia Weekly

Is Food the Only Culprit Behind Asia's Inflation?

By Michael Manetta, Arpitha Bykere, Adam Wolfe and Mikka Pineda Feb 10, 2011

Economic Research

Nonelectronics Continue Driving Singapore's Exports in January

By Michael Manetta Feb 10, 2011

Economic Research

Can Capital Controls Resolve Asia's Policy Trilemma?

By Adam Wolfe, Arpitha Bykere, Michael Manetta and Mikka Pineda Jan 24, 2011

Asia Weekly

Signs of Upside Risks to Growth and Inflation

By Michael Manetta, Mikka Pineda, Adam Wolfe and Arpitha Bykere Jan 20, 2011

Economic Research

Singapore's Inflation Accelerates in December, More to Come in Q1 2011

By Michael Manetta Jan 20, 2011

Economic Research

Singapore's Industrial Production Growth Slows in December

By Michael Manetta Jan 20, 2011

Asia Weekly

Taxes and Subsidies Shape End-of-Year Data Releases

By Michael Manetta, Mikka Pineda and Adam Wolfe Jan 13, 2011

Economic Research

Still Not a Tiger: The Decline of Malaysia's Electronics Sector

By Michael Manetta Dec 29, 2010

Asia Weekly

Southeast Asia Braces for More Inflation as Japan Fights Deflation

By Michael Manetta and Mikka Pineda Dec 16, 2010

Asia Weekly

Inflation Risks Persist Among Asia's Heavyweights

By Arpitha Bykere, Michael Manetta, Adam Wolfe and Mikka Pineda Dec 9, 2010

Economic Research

Singapore’s Exports Temporarily Slow in November

By Michael Manetta Dec 9, 2010

Global Economic Outlook

Global Overview: 2011 Outlook

By Christian Menegatti, Nouriel Roubini and the RGE Macroeconomics Team Dec 7, 2010

Global Economic Outlook

Asia/Pacific: 2011 Outlook

By Arpitha Bykere Dec 7, 2010

Global Economic Outlook

Singapore: 2011 Outlook

By Michael Manetta Dec 7, 2010

Global Economic Outlook

Macro Forecasts: 2011 Outlook

By the RGE Macroeconomics Team Dec 7, 2010

Asia Weekly

Q3 Sets the Stage for Gradual Slowdown in Asia

By Michael Manetta, Mikka Pineda and Adam Wolfe Nov 18, 2010

Economic Research

Nov 23 Data Release: Singapore’s Inflation Edges Up in October

By Michael Manetta Nov 18, 2010

Asia Weekly

Shifting Economic Cycle Constrains Monetary Tightening

By Arpitha Bykere, Mikka Pineda and Michael Manetta Nov 11, 2010

Asia Weekly

Government Measures Muffle Inflation, Commodities Cushion Exports

By Michael Manetta and Mikka Pineda Oct 28, 2010

Asia Weekly

Blazing Real Estate Markets Call for Regulatory Cooldown

By Arpitha Bykere, Adam Wolfe, Michael Manetta and Mikka Pineda Oct 21, 2010

Economic Research

Singapore's Private Housing Prices Return to Historic Highs

By Michael Manetta Oct 21, 2010

Asia Weekly

Demand- and Supply-Side Inflation Confounds Policy Makers

By Adam Wolfe, Michael Manetta and Mikka Pineda Oct 14, 2010

Economic Research

Oct 18 Data Release: Singapore’s Export Growth to Skid in September

By Michael Manetta Oct 14, 2010

Global Economic Outlook

Global Overview: September 2010 Outlook Update

By Nouriel Roubini, Christian Menegatti and the RGE Macroeconomic Team Sep 10, 2010

Global Economic Outlook

Singapore: September 2010 Outlook Update

By Michael Manetta Sep 10, 2010

Asia Weekly

Parsing Fiscal and Monetary Policies in Asia

By Arpitha Bykere, Michael Manetta, Adam Wolfe and Mikka Pineda Sep 9, 2010

Asia Weekly

Policy Hits and Misses

By Arpitha Bykere, Adam Wolfe, Michael Manetta and Mikka Pineda Sep 2, 2010

Economic Research

Asia Week Ahead: Exports, Industrial Production Set to Slow

By Mikka Pineda, Adam Wolfe and Michael Manetta Aug 19, 2010

Economic Research

Asia Week Ahead: Private Demand an Unlikely Antidote for Export Ailments

By Arpitha Bykere, Adam Wolfe, Michael Manetta and Mikka Pineda Aug 5, 2010

Economic Research

Asia Week Ahead: Skidding Exports to Keep Rate Hikes Gradual Despite Inflation

By Arpitha Bykere, Michael Manetta, Mikka Pineda and Rachel Ziemba Jul 29, 2010

Economic Research

Asia Week Ahead: Gradual Monetary Tightening to Continue Despite Signs of Slowdown

By Arpitha Bykere, Mikka Pineda, Michael Manetta and Adam Wolfe Jul 22, 2010

Global Economic Outlook

Singapore: Q3 2010 Outlook

By Arpitha Bykere Jul 15, 2010

Global Economic Outlook

Asia/Pacific: Q3 2010 Outlook

By Arpitha Bykere Jul 12, 2010

Economic Research

Asia Week Ahead: Export Outlook Looks Bright for Commodities, Dim for Manufacturers

By Arpitha Bykere, Mikka Pineda and Rachel Ziemba Jul 8, 2010

Economic Research

With Limited Options, EM Asia Turns to Prudential Measures to Tame Inflows

By Arpitha Bykere and Adam Wolfe Jul 6, 2010

Economic Research

Asia Week Ahead: Central Banks Weigh Tightening With G3 on Hold and Global Growth Slowing

By Arpitha Bykere, Mikka Pineda, Adam Wolfe and Rachel Ziemba Jul 1, 2010

Economic Research

Asia Week Ahead: Vulnerabilities to the EU Are Here to Stay

By Arpitha Bykere and Mikka Pineda Jun 17, 2010

Economic Research

Asia Week Ahead: Regional Divergences in Growth and Inflation Risks

By Arpitha Bykere and Mikka Pineda Jun 10, 2010

Global Economic Outlook

Singapore: Q2 2010 Outlook

By Arpitha Bykere Apr 15, 2010

Global Economic Outlook

Singapore: Q1 2010 Outlook

By Arpitha Bykere Jan 30, 2010

Economic Research

Singapore Economic Outlook, Q4 2009

By Arpitha Bykere, Jane Yoon Oct 7, 2009

Economic Research

Singapore Economic Outlook, Q3 2009

By Arpitha Bykere Jul 24, 2009

Economic Research

SWF Watch: Government of Singapore Investment Corporation (GIC)

By Rachel Ziemba Sep 22, 2008

EconoMonitors

RGE Analysts

GIC! CIC! SWF Reports Oh My!

Rachel Ziemba Jul 26, 2011

Asia Channel

Investing in a Rebalancing of Growth in Asia

Anoop Singh Oct 25, 2010

Geostrategy Channel

Post-War Sri Lanka: Will the Economy Take Off?

Tilak Abeysinghe Feb 9, 2010

Emerging Markets Channel

Could Capital Inflows to EM be Slowing?

Rachel Ziemba & Christian Menegatti Jan 5, 2010

Asia Channel

SEAsia: Turning a Corner or Turning Away?

Rumi Malott Morales Sep 24, 2009

Daily Digest

Analysis

Singapore: Budget FY 12 - saving for raining days

DBS Group Research  Feb 07, 2012

News

S'pore investors, consumers, CEOs more pessimistic now

Business Times  Anna Lee and Cerelia Lim Feb 08, 2012

News

Residential property prices ripe for correction: Credo

Business Times  Michelle Tan Feb 08, 2012

News

Tourism sector turns in stellar numbers in 2011

Business Times  Nisha Ramchandani Feb 08, 2012

News

Singapore reaffirms excellent ties with United States

Straits Times  Feb 07, 2012

News

Singapore lures record number of visitors

Philippine Daily Inquirer  Feb 07, 2012

News

Singapore faces growing pains as setbacks pile up

Reuters  Kevin Lim and Anshuman Daga Feb 06, 2012

News

Average salary increase of 3-6% this year: Hays

Channel News Asia  Feb 06, 2012

News

Commercial lending set to lead the way for local banks

Channel News Asia  Pamela Koh Feb 06, 2012

News

Singapore, US take bilateral ties and regional cooperation to next level

Straits Times  Chua Chin Hon Feb 02, 2012

News

Singapore property developers cautious about market outlook

Channel News Asia  Yvonne Chan Feb 02, 2012

News

PMI shows electronics may have bottomed out

Business Times  Teh Shi Ning Feb 02, 2012

News

Singapore PMI contracts for 7th straight month in Jan

Reuters  Mark Tay Feb 01, 2012

News

Singapore's manufacturing PMI contracts in January

Channel New Asia  Avelyn Ng Feb 01, 2012

News

Singapore's jobless rate hits 14-year low in 2011

Channel News Asia  Saifulbahri Ismail Jan 31, 2012

Analysis

Business Expectations Survey (Services Sector) First Quarter 2012

Department of Statistics Singapore  Feb 01, 2012

Analysis

Employment Situation 2011

Singapore Ministry of Manpower  Jan 31, 2012

News

QE3 May Be Preferred Over Fed’s QE2 for Asia Economies Facing Export Slump

Bloomberg  Shamim Adam and Karl Lester M. Yap Jan 27, 2012

News

54,000 job vacancies unfilled: MOM report

Straits Times  Cai Haoxiang Jan 27, 2012

News

HDB resale flat prices up 1.7% in Q4 2011

Straits Times  Jan 26, 2012

News

Singapore inflation up 5.5% in December

The Star  Jan 25, 2012

Analysis

Singapore: December IP Rebounds

UOB  Chow Penn Nee Jan 26, 2012

Analysis

Singapore: Dec CPI moderated to 5.5% y/y

UOB  Chow Penn Nee Jan 25, 2012

News

Singapore Bolstered by Manufacturing

The Wall Street Journal  Gaurav Raghuvanshi Jan 26, 2012

News

Singapore's manufacturing output up 12.6%

Channel News Asia  Millet Enriquez Jan 26, 2012

Analysis

Monthly Manufacturing Performance - December 2011

Singapore Economic Development Board  Jan 26, 2012

News

Singapore warns inflation will stay elevated in near-term

Reuters  Kevin Lim Jan 25, 2012

Analysis

SINGAPORE CONSUMER PRICE INDEX (2009 = 100) DECEMBER 2011 AND YEAR 2011

Department of Statistics Singapore  Jan 25, 2012

News

Japan Manufacturing Exodus ‘Large’ Cause for Trade Concern

Bloomberg News  Cheng Herng Shinn Jan 25, 2012

Analysis

Daily Breakfast Spread: Singapore Exports and Malaysia Inflation

DBS Group Research  Jan 18, 2012

Analysis

Singapore's External Trade – December 2011

Department of Statistics Singapore  Jan 17, 2012

Analysis

Cooperation from Strength The United States, China and the South China Sea

Center for a New American Security  Robert D. Kaplan, Ian Storey, M. Taylor Fravel, Peter A. Dutton, Patrick M. Cronin, James R. Holmes and Will Rogers Jan 09, 2012

Blogs

Singapore Loses Nokia to China

WSJ - South East Asia Real Time  Patrick Barta and Chun Han Wong Jan 05, 2012

News

PMI for manufacturing edges up

Channel News Asia  Avelyn Ng Jan 04, 2012

News

Singapore December Manufacturing PMI 49.5 Versus 48.7 In November

NASDAQ  Gaurav Raghuvanshi Jan 04, 2012

News

Upstart Singapore outstrips Las Vegas

Asia Times  Muhammad Cohen Jan 04, 2012

Analysis

2011 Full Year Growth At 4.8%

UOB  Chow Penn Nee Jan 03, 2012

News

HDB's Resale Price Index for Q4 2011 increases by 1.7%

Channel News Asia  Jan 03, 2012

Analysis

“Way To Go, Singapore”

Ministry of Man Power  Jan 03, 2012

Analysis

Singapore’s 2011 GDP Growth In Line With Expectations

Ministry of Trade and Industry  Jan 03, 2012

News

Singapore Q4 GDP Shrinks, Recession Looms

The Edge  Jan 03, 2012

News

Singapore growth slows in Q4

Financial Times  Sarah Mishkin Jan 03, 2012

News

Singapore Economy Beats Estimates

Wall Street Journal  Jan 02, 2012

Analysis

Daily Breakfast Spread "India PMI, Taiwan IP & Export Orders and Singapore GDP"

DBS Bank  DBS Research Group Jan 03, 2012

Analysis

Economics Markets Strategy - Q1 2012

DBS  Dec 2011

News

S'pore manufacturing output falls 9.6% in Nov

Channel News Asia  Millet Enriquez and Lynda Hong Dec 23, 2011

News

Singapore Output Drops as Fitch Cuts Asia GDP Forecasts

Bloomberg  Shamin Adam Dec 23, 2011

Analysis

Singapore: November CPI Higher Than Expected

UOB  Chow Penn Nee Dec 23, 2011

Analysis

Monthly Manufacturing Performance - November 2011

Department of Statistics Singapore  Dec 23, 2011

Analysis

SINGAPORE CONSUMER PRICE INDEX (2009 = 100) NOVEMBER 2011

Department of Statistics Singapore  Dec 23, 2011

Analysis

Emerging Trends in Real Estate Asia Pacific 2012

PricewaterhouseCoopers  Dec 2011

News

Singapore's NODX up 1.6% in November on-year

Channel News Asia  Ryan Huang Dec 16, 2011

Analysis

Singapore's External Trade – November 2011

Department of Statistics Singapore  Dec 16, 2011

Analysis

Singapore: November NODX Better Than Expected

UOB  Chow Penn Nee Dec 16, 2011

News

Singapore Exports Unexpectedly Rise on Pharmaceutical Boost

Bloomberg  Karl Lester M. Yap Dec 16, 2011

News

Retail sales up, boosted by car, hotel and F&B sales

Straits Times  Dec 15, 2011

News

Asia ‘Golden Age of Gas’ May Spur Singapore Hub, IEA Chief Says

Bloomberg  Ramsel Al-Rikab Dec 15, 2011

News

S'pore sees strong jobs growth in Q3

Channel News Asia  Dec 15, 2011

Analysis

Retail Sales Index Food & Beverage Services Index October 2011

Department of Statistics Singapore  Dec 15, 2011

News

Singapore Economy May Grow 3% in 2012 on Europe, Central Bank Survey Shows

Bloomberg  Karl Lester M. Yap Dec 14, 2011

Analysis

Labour Market, Third Quarter 2011

Ministry of Man Power  Dec 15, 2011

Analysis

Daily Breakfast Spread "India Inflation and Singapore NODX"

DBS Bank  DBS Research Group Dec 14, 2011

News

Salary outlook for next 12 months remains positive: survey

Channel News Asia  Dec 13, 2011

Analysis

Singapore: Property Measures To Dampen Foreign Interest

UOB  Jimmy Koh and Chow Penn Nee Dec 08, 2011

Analysis

Asia Economic Monitor December 2011

Asian Development Bank  Dec 2011

News

Trust must prevail to overcome odds: PM Lee

Channel News Asia  S Ramesh Dec 06, 2011

News

Singapore Home Prices May Be Poised to Plunge

WSJ  Eric Bellman Nov 28, 2011

News

Singapore’s MAS Faces Price Stability Challenge, Lee Says

Bloomberg  Shamim Adam Nov 29, 2011

News

MAS, BNM sign MOU aimed at enhancing liquidity facilities

Channel News Asia  Nov 28, 2011

Analysis

IMPORT AND EXPORT PRICE INDICES (2006 = 100) October 2011

Department of Statistics Singapore  Nov 29, 2011

News

Singapore's October industrial output up 24.4% on-year

Channel News Asia  Ryan Huang Nov 25, 2011

Analysis

Daily Breakfast Spread "India Fiscal Risks, Singapore IP and Thailand Trade"

DBS Bank  DBS Research Group Nov 25, 2011

Analysis

Monthly Manufacturing Performance October 2011

Department of Statistics Singapore  Nov 25, 2011

Analysis

Business Receipts Index for Services Industries Third Quarter 2011

Department of Statistics Singapore  Nov 25, 2011

Analysis

Singapore: Pharma Boosted October IP

UOB  Chow Penn Nee Nov 25, 2011