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Country Report Singapore March 2011
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HTMLData and charts: Annual data and forecast
| 2006a | 2007a | 2008a | 2009a | 2010a | 2011b | 2012b | |
| GDP | |||||||
| Nominal GDP (US$ bn) | 145.3 | 177.3 | 189.4 | 183.3 | 222.7 | 261.4 | 282.4 |
| Nominal GDP (S$ bn) | 231 | 267 | 268 | 267 | 304 | 328 | 349 |
| Real GDP growth (%) | 8.7 | 8.8 | 1.5 | -0.8 | 14.5 | 4.7 | 5.2 |
| Expenditure on GDP (% real change) | |||||||
| Private consumption | 3.5 | 6.4 | 3.2 | 0.2 | 4.2 | 4.8 | 4.1 |
| Government consumption | 7.3 | 3.1 | 7.2 | 3.5 | 11.0 | 7.1 | 4.1 |
| Gross fixed investment | 14.6 | 19.6 | 13.5 | -2.9 | 5.1 | 6.5 | 7.6 |
| Exports of goods & services | 10.9 | 9.3 | 4.0 | -8.1 | 19.2 | 7.6 | 9.4 |
| Imports of goods & services | 11.1 | 7.8 | 9.4 | -11.0 | 16.6 | 9.4 | 10.3 |
| Origin of GDP (% real change) | |||||||
| Industry | 10.9 | 6.9 | -1.1 | -1.8 | 25.3 | 5.2 | 5.0 |
| Services | 7.9 | 9.0 | 4.1 | -0.7 | 10.1 | 4.4 | 5.3 |
| Population and income | |||||||
| Population (m) | 4.4 | 4.6 | 4.8 | 5.0 | 5.1 | 5.2 | 5.4 |
| GDP per head (US$ at PPP) | 38,769c | 41,641c | 40,946c | 39,805c | 44,992c | 46,687 | 48,594 |
| Recorded unemployment (av; %) | 2.7 | 2.1 | 2.3 | 3.0 | 2.2 | 1.9 | 2.1 |
| Fiscal indicators (% of GDP) | |||||||
| General government revenue | 13.5 | 14.8 | 15.4 | 14.2 | 14.7 | 14.5 | 14.8 |
| General government expenditure | 12.9 | 11.7 | 14.0 | 15.2 | 14.5 | 14.2 | 14.0 |
| General government balance | 0.5 | 3.1 | 1.5 | -1.0 | 0.2 | 0.3 | 0.8 |
| Net public debt | 89.4 | 87.6 | 95.3 | 109.3 | 105.8 | 98.1 | 93.8 |
| Prices and financial indicators | |||||||
| Exchange rate S$:US$ (end-period) | 1.53 | 1.44 | 1.44 | 1.40 | 1.29 | 1.25 | 1.25 |
| Exchange rate ¥:S$ (end-period) | 77.61 | 77.51 | 63.08 | 66.32 | 63.91 | 65.82 | 64.51 |
| Consumer prices (end-period; % change) | 0.8 | 15.9 | -5.7 | -0.5 | 4.6 | 3.5 | 2.2 |
| Producer prices (av; % change) | 5.0 | 0.3 | 7.5 | -13.9 | 4.7c | 4.8 | 3.0 |
| Stock of money M1 (end-period; % change) | 13.4 | 22.4 | 18.4 | 23.5 | 20.3 | 20.9 | 20.7 |
| Stock of money M2 (end-period; % change) | 19.4 | 13.4 | 12.0 | 11.3 | 8.6 | 12.0 | 13.5 |
| Lending interest rate (av; %) | 5.3 | 5.3 | 5.4 | 5.4 | 5.4 | 5.7 | 6.6 |
| Current account (US$ m) | |||||||
| Trade balance | 42,591 | 45,963 | 26,615 | 30,231 | 47,983c | 48,511 | 54,256 |
| Goods: exports fob | 274,900 | 302,822 | 342,776 | 273,411 | 358,373c | 418,553 | 467,576 |
| Goods: imports fob | -232,309 | -256,859 | -316,161 | -243,180 | -310,391c | -370,041 | -413,320 |
| Services balance | 1,207 | 10,142 | 13,604 | 8,495 | 9,050c | 13,038 | 10,630 |
| Income balance | -7,003 | -6,826 | -1,396 | -3,062 | -7,103c | -12,600 | -16,933 |
| Current transfers balance | -1,670 | -2,195 | -2,812 | -3,038 | -3,658c | -4,193 | -4,422 |
| Current-account balance | 35,126 | 47,084 | 36,011 | 32,628 | 46,271c | 44,757 | 43,532 |
| External debt (US$ m) | |||||||
| Debt stock | 24,357c | 25,593c | 25,518c | 20,298c | 21,817c | 22,882 | 24,155 |
| Debt service paid | 4,561c | 5,250c | 5,397c | 5,047c | 4,588c | 4,450 | 4,584 |
| Principal repayments | 3,623c | 4,178c | 4,320c | 4,235c | 3,930c | 3,833 | 3,933 |
| Interest | 938c | 1,071c | 1,077c | 812c | 658c | 618 | 652 |
| International reserves (US$ m) | |||||||
| Total international reserves | 136,260 | 162,957 | 174,193 | 187,803 | 225,725 | 248,749 | 268,649 |
| a Actual. b Economist Intelligence Unit forecasts. c Economist Intelligence Unit estimates. | |||||||
| Source: IMF, International Financial Statistics. | |||||||
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