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Country Report Singapore March 2011
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HTMLData and charts: Quarterly data
| 2009 | 2010 | |||||||
| 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | |
| General government finance (S$ m) | ||||||||
| Revenue | 8,756 | 10,000 | 10,621 | 8,495 | 10,430 | 11,912 | 12,395 | 9,845 |
| Expenditure | 13,073 | 7,873 | 9,177 | 10,359 | 14,510 | 7,888 | 10,360 | 8,648 |
| Balance | -4,317 | 2,127 | 1,444 | -1,864 | -4,080 | 4,024 | 2,035 | 1,197 |
| Output | ||||||||
| GDP at 2000 prices (S$ m) | 59,267 | 61,853 | 63,815 | 63,578 | 69,149 | 73,793 | 70,507 | 71,193 |
| GDP at 2000 prices (% change, year on year) | -8.6 | -1.4 | 2.1 | 4.8 | 16.7 | 19.3 | 10.5 | 12.0 |
| Manufacturing index (2007=100) | 79.6 | 91.3 | 103.1 | 93.4 | 109.2 | 132.6 | 117.2 | 117.2 |
| Manufacturing index (% change, year on year) | -23.8 | -0.6 | 7.5 | 2.4 | 37.1 | 45.3 | 13.7 | 25.5 |
| Employment, wages and prices | ||||||||
| Employment change per quarter (‘000) | -6.2 | -7.7 | 14.0 | 37.5 | 36.5 | 24.9 | 20.5 | 30.6 |
| Residents unemployment rate (seasonally adjusted; % of labour force) | 4.6 | 4.5 | 4.8 | 3.3 | 3.2 | 3.2 | 3.1 | 3.1 |
| Average nominal wages, industry (S$ per month) | 4,155 | 3,609 | 3,562 | 4,160 | 4,310 | 3,819 | 3,754 | 4,474 |
| Consumer prices (2004=100) | 100.2 | 99.2 | 100.1 | 100.4 | 101.1 | 102.3 | 103.4 | 104.4 |
| Consumer prices (% change, year on year) | 3.4 | 0.2 | -0.3 | -0.8 | 0.9 | 3.1 | 3.4 | 4.0 |
| Wholesale prices (2000=100) | 92.1 | 96.5 | 100.2 | 101.3 | 103.0 | 103.2 | 100.0 | 102.2 |
| Wholesale prices (% change, year on year) | -17.7 | -19.7 | -18.5 | 3.2 | 11.9 | 7.0 | -0.2 | 0.9 |
| Financial indicators | ||||||||
| Exchange rate S$:US$ (av) | 1.51 | 1.47 | 1.44 | 1.39 | 1.40 | 1.39 | 1.36 | 1.30 |
| Exchange rate S$:US$ (end-period) | 1.52 | 1.45 | 1.41 | 1.40 | 1.40 | 1.40 | 1.32 | 1.29 |
| Deposit rate (av; %) | 0.4 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 |
| Lending rate (av; %) | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 |
| M1 (end-period; S$ m) | 85,168 | 86,746 | 91,207 | 93,472 | 96,995 | 102,458 | 106,789 | 112,466 |
| M1 (% change, year on year) | 23.7 | 18.8 | 20.6 | 23.5 | 13.9 | 18.1 | 17.1 | 20.3 |
| M2 (end-period; S$ m) | 349,272 | 356,327 | 361,304 | 371,123 | 380,019 | 382,500 | 390,848 | 403,074 |
| M2 (% change, year on year) | 11.5 | 12.9 | 11.3 | 11.3 | 8.8 | 7.3 | 8.2 | 8.6 |
| Singapore Straits Times Index (end-period; Aug 31st 1989=1,356) | 1,700.0 | 2,333.1 | 2,672.6 | 2,897.6 | 2,887.5 | 2,835.5 | 3,097.6 | 3,190.0 |
| Singapore Straits Times Index (% change, year on year) | -43.5 | -20.8 | 13.3 | 64.5 | 69.9 | 21.5 | 15.9 | 10.1 |
| Sectoral trends (% change, year on year) | ||||||||
| Electronic goods production | -36.6 | -19.4 | -1.2 | 28.0 | 66.4 | 52.8 | 26.2 | 14.2 |
| Chemicals production | -22.6 | -16.5 | -5.3 | 12.9 | 16.7 | 17.2 | 8.7 | 10.1 |
| Pharmaceuticals production | -24.6 | 73.8 | 69.8 | -27.4 | 56.7 | 89.2 | -3.3 | 93.2 |
| Foreign trade (S$ bn) | ||||||||
| Exports fob | 85.7 | 93.1 | 104.2 | 108.1 | 109.9 | 120.1 | 125.1 | 123.8 |
| Imports cif | 79.6 | 84.8 | 94.5 | 97.4 | 99.9 | 107.3 | 109.3 | 106.8 |
| Trade balance | 6.1 | 8.3 | 9.7 | 10.8 | 10.0 | 12.9 | 15.8 | 17.0 |
| Balance of payments (S$ m) | ||||||||
| Merchandise trade balance fob-fob | 7,550 | 10,313 | 11,545 | 13,050 | 12,354 | 16,709 | 18,404 | 16,129 |
| Services balance | 3,884 | 4,261 | 4,989 | 7,408 | 5,707 | 5,246 | 5,571 | 5,081 |
| Income balance | 1,529 | -1,317 | -3,253 | -3,378 | -1,362 | -2,937 | -3,188 | -3,734 |
| Net transfer payments | -1,463 | -1,420 | -1,444 | -1,485 | -1,542 | -1,588 | -1,668 | -1,753 |
| Current-account balance | 11,500 | 11,837 | 11,836 | 15,597 | 15,158 | 17,430 | 19,120 | 15,723 |
| Reserves excl gold (US$ m; end-period) | 165,725 | 172,600 | 180,220 | 186,005 | 195,368 | 198,261 | 212,857 | 223,900 |
| Sources: Department of Statistics; IMF, International Financial Statistics; Ministry of Manpower; Ministry of Trade and Industry, Economic Survey of Singapore. | ||||||||
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