China and Japan will struggle through the first half of 2024, while India will continue as Asia’s fastest-growing economy. Monetary policy normalisation should begin mid-2024 as inflation tracks lower towards central bank target ranges; central banks in China and Japan will keep bucking this trend. Merchandise exports should mend in the second half as global growth turns a corner. We quantified the impact of stickier-than-expected inflation...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Private Consumption | 2023 Q4 | 49,198 | 46,649 | Mil. Ch. 2015 SGD, NSA | Quarterly |
Private Consumption | 2023 Q4 | 55,303 | 52,294 | Mil. SGD, NSA | Quarterly |
Nominal Gross Domestic Product | 2023 Q4 | 176,412 | 168,373 | Mil. SGD, NSA | Quarterly |
Real Gross Domestic Product | 2023 Q4 | 137,319 | 133,121 | Mil. Ch. 2015 SGD, NSA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2023 Q4 | 33,169 | 32,312 | Mil. Ch. 2015 SGD, NSA | Quarterly |
Real Investment | 2023 Q4 | 31,665 | 31,248 | Mil. Ch. 2015 SGD, NSA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2023 Q4 | 38,846 | 37,197 | Mil. SGD, NSA | Quarterly |
Investment | 2022 | 132,830,300,000 | 122,178,400,000 | SGD | Annual |
Price | Reference | Last | Previous | Units | Frequency |
Producer Price Index (PPI) | Jan 2024 | 100.62 | 100.84 | Index 2018=100, NSA | Monthly |
Consumer Price Index (CPI) | Jan 2024 | 114.57 | 115.34 | Index 2019=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Wage & Salaries | 2023 Q4 | 6,792 | 6,153 | SGD, NSA | Quarterly |
Unemployment | 2023 Q4 | 71.3 | 76.1 | Ths. #, NSA | Quarterly |
Unemployment Rate | 2023 Q4 | 2 | 2 | %, SA | Quarterly |
Secondary Industries Employment | 2022 | 484 | 450.2 | Ths. # EOP | Annual |
Tertiary Industries Employment | 2022 | 2,886 | 2,761 | Ths. # EOP | Annual |
Labor Force Employment | 30 Jun 2022 | 3,656 | 3,483 | Ths. # | 365 days |
Labor Force | 30 Jun 2022 | 3,754 | 3,607 | Ths. # | 365 days |
Agriculture Employment | 2017 | 3,887 | 3,851 | # | Annual |
Total Employment | 2017 | 3,669 | 3,673 | Ths. #, End | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Current Account Balance | 2023 Q4 | 34,411 | 33,959 | Mil. SGD, NSA | Quarterly |
Balance of Goods | 2023 Q4 | 52,921 | 52,897 | Mil. SGD, NSA | Quarterly |
Imports of Goods | 2023 Q4 | 136,982 | 133,227 | Mil. SGD, NSA | Quarterly |
Exports of Goods | 2023 Q4 | 189,904 | 186,125 | Mil. SGD, NSA | Quarterly |
Real Exports of Goods and Services | 2023 Q4 | 273,172 | 252,571 | Mil. Ch. 2015 SGD, NSA | Quarterly |
Net Exports | 2023 Q4 | 66,665 | 63,853 | Mil. SGD, NSA | Quarterly |
Real Imports of Goods and Services | 2023 Q4 | 229,432 | 209,808 | Mil. Ch. 2015 SGD, NSA | Quarterly |
Imports of Goods and Services | 2023 Q4 | 239,089 | 231,051 | Mil. SGD, NSA | Quarterly |
Real Net Exports | 2023 Q4 | 43,932 | 41,292 | Mil. Ch. 2015 SGD, SA | Quarterly |
Exports of Goods and Services | 2023 Q4 | 305,754 | 294,905 | Mil. SGD, NSA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Government Revenues | Jan 2024 | 6,488 | 6,058 | Mil. SGD, NSA | Monthly |
Outstanding Public Debt | 2023 Q4 | 1,150,259 | 1,120,973 | Mil. SGD EOP, NSA | Quarterly |
Outstanding Public Debt - Foreign | 2023 Q4 | 0 | 0 | Mil. SGD EOP, NSA | Quarterly |
Outstanding Public Debt - Domestic | 2023 Q4 | 1,150,259 | 1,120,973 | Mil. SGD EOP, NSA | Quarterly |
Government Expenditures | 2023 Q4 | 20,666 | 20,062 | Mil. SGD, NSA | Quarterly |
Government Budget Balance | 2023 Q4 | 4,399 | 15,811 | Mil. SGD, SAAR | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Money Market Rate | Jul 2021 | 0.27 | 0.07 | % p.a., NSA | Monthly |
Lending Rate | Jun 2021 | 5.25 | 5.25 | % p.a., NSA | Monthly |
Stock Market Index | 30 Dec 2014 | 804.78 | 804.96 | Index, NSA | Business Daily |
Treasury Bills (over 31 days) | Aug 2013 | 0.24 | 0.26 | % p.a., NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
House Price Index | 2023 Q4 | 201.5 | 196 | Index 2009Q1=100, NSA | Quarterly |
Vacancy | 2023 Q4 | 33,340 | 34,341 | # EOP, NSA | Quarterly |
Residential Building Permits | 2020 Q1 | 1,827 | 2,151 | # of units, NSA | Quarterly |
Building Permits | 2020 Q1 | 1,997 | 2,767 | # of units, NSA | Quarterly |
Residential Housing Starts | 2020 Q1 | 2,113 | 4,317 | # of units, NSA | Quarterly |
Residential Building Completions | 2020 Q1 | 1,528 | 2,298 | # of units, NSA | Quarterly |
Consumer | Reference | Last | Previous | Units | Frequency |
Retail Sales | Jan 2024 | 102.83 | 103.55 | Index 2017=100, SA | Monthly |
Business | Reference | Last | Previous | Units | Frequency |
Industrial Production | Jan 2024 | 113.81 | 120.66 | Index 2019=100, SA | Monthly |
Change in Inventories | 2017 | 12,657,600,000 | 2,030,100,000 | NCU | Annual |
Real Change in Inventories | 2017 | 13,947,700,000 | 2,253,900,000 | NCU | Annual |
Demographics | Reference | Last | Previous | Units | Frequency |
Population | 2023 | 4,149,253 | 4,073,239 | # | Annual |
Deaths | 2022 | 26,891 | 24,292 | # | Annual |
Net Migration | 2017 | 298,448 | # | Annual | |
Birth Rate | 2016 | 9.4 | 9.7 | # per Ths. pop. | Annual |
Death Rate | 2002 | 4.4 | 4.3 | # per Ths. pop. | Annual |