Forecast summary | ||||||
(% unless otherwise indicated) | ||||||
2010a | 2011b | 2012b | 2013b | 2014b | 2015b | |
Real GDP growth | 14.5 | 4.7 | 5.2 | 5.0 | 5.0 | 5.2 |
Industrial production growth | 29.6 | 3.4 | 5.5 | 5.7 | 5.8 | 5.5 |
Gross fixed investment growth | 5.1 | 6.5 | 7.6 | 6.7 | 7.1 | 7.0 |
Unemployment rate (av) | 2.2 | 1.9 | 2.1 | 2.0 | 1.8 | 1.9 |
Consumer price inflation (av) | 2.8 | 4.1 | 2.4 | 2.1 | 1.9 | 2.1 |
Consumer price inflation (end-period) | 4.6 | 3.5 | 2.2 | 2.0 | 2.0 | 2.4 |
Money market rate | 0.4 | 0.7 | 1.5 | 2.6 | 2.6 | 2.7 |
Government balance (% of GDP) | 0.2 | 0.3 | 0.8 | 1.1 | 1.2 | 1.7 |
Exports of goods fob (US$ bn) | 358.4c | 418.6 | 467.6 | 521.0 | 587.5 | 660.6 |
Imports of goods fob (US$ bn) | 310.4c | 370.0 | 413.3 | 470.8 | 540.4 | 612.6 |
Current-account balance (US$ bn) | 46.3c | 44.8 | 43.5 | 53.0 | 49.0 | 51.0 |
Current-account balance (% of GDP) | 20.8c | 17.1 | 15.4 | 17.7 | 15.4 | 14.8 |
External debt (end-period; US$ bn) | 21.8c | 22.9 | 24.2 | 26.6 | 28.9 | 31.5 |
Exchange rate S$:US$ (av) | 1.36 | 1.26 | 1.24 | 1.24 | 1.25 | 1.25 |
Exchange rate S$:US$ (end-period) | 1.29 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 |
Exchange rate S$:¥100 (av) | 1.55 | 1.53 | 1.53 | 1.53 | 1.52 | 1.49 |
Exchange rate S$:€ (av) | 1.81 | 1.59 | 1.48 | 1.46 | 1.45 | 1.46 |
a Actual. b Economist Intelligence Unit forecasts. c Economist Intelligence Unit estimates. |
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