Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 5076.26 5010 4875 4796 4717
Government Bond 10Y (%) 2.05 2.02 1.95 1.9 1.86

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 1.00 0.3 0.3 0.5 0.6
GDP Annual Growth Rate (%) 6.00 3.6 2.8 4 2.9
Unemployment Rate (%) 2.10 2.1 2 1.9 1.9
Inflation Rate (%) 1.80 2.4 2.9 3.2 2.7
Inflation Rate MoM (%) -0.30 0.1 0.2 0.5 0.2
Interest Rate (%) 0.92 1.5 1.5 1.5 1.5
Balance of Trade (SGD Million) 13068.67 4000 6500 3500 3500
Current Account (SGD Million) 41094.10 36500 36500 37000 37000
Business Confidence (points) 17.00 5 7 10 12
Manufacturing PMI (points) 51.00 50.4 51 50.6 50.6
Retail Sales MoM (%) 3.70 -0.4 0.4 0.4 0.4
Current Account to GDP (% of GDP) 16.70 17.1
Government Debt to GDP (% of GDP) 171.30 178
Government Budget (% of GDP) 1.90 1

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 1.00 0.3 0.3 0.5 0.6
GDP Annual Growth Rate (%) 6.00 3.6 2.8 4 2.9
GDP Constant Prices (SGD Million) 151417.20 152489 154176 157980 155808
Gross Fixed Capital Formation (SGD Million) 38539.30 36650 37321 39040 39657
GDP from Construction (SGD Million) 5878.50 5832 5819 5897 6049
GDP from Utilities (SGD Million) 1637.40 1662 1663 1695 1685
GDP from Manufacturing (SGD Million) 31438.00 31367 32532 34382 32350
GDP from Transport (SGD Million) 8957.50 9188 9136 9186 9217
GDP from Services (SGD Million) 23241.10 22243 22478 23440 23915
GDP (USD Billion) 547.39 567
Gross National Product (SGD Million) 789529.20 821110
GDP per Capita (USD) 67706.83 70144
GDP per Capita PPP (USD) 132569.53 137342
Full Year GDP Growth (%) 5.00 3.6

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 2.10 2.1 2 1.9 1.9
Wages (SGD/Month) 6593.00 6620 6650 6750 6750
Population (Million) 6.11 6.17

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 1.80 2.4 2.9 3.2 2.7
Inflation Rate MoM (%) -0.30 0.1 0.2 0.5 0.2
Consumer Price Index CPI (points) 102.10 103 104 105 105
Core Consumer Prices (points) 102.07 102 102 104 103
Core Inflation Rate (%) 1.40 1.8 1.6 1.9 1.4
GDP Deflator (points) 134.00 135 135 140 138
Producer Prices (points) 133.03 120 123 117 151
Export Prices (points) 104.33 98.06 94.67 89.49 102
Import Prices (points) 108.28 99.24 94.89 93.43 112
Food Inflation (%) 1.60 2 3 2.9 2.6
Import Prices YoY (%) 18.40 9 3 2.1 2.7
Export Prices YoY (%) 13.30 8.7 5.4 1.4 1
Producer Prices Change (%) 31.60 23 25 19 17
CPI Housing Utilities (points) 99.30 104 104 105 104
CPI Transportation (points) 109.00 109 109 110 110

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 0.92 1.5 1.5 1.5 1.5
Money Supply M2 (SGD Million) 897544.60 899000 899000 912000 912000
Foreign Exchange Reserves (SGD Million) 544144.20 538000 534000 530000 532000
Loans to Private Sector (SGD Million) 908374.90 884056 887946 921554 928433

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (SGD Million) 13068.67 4000 6500 3500 3500
Current Account (SGD Million) 41094.10 36500 36500 37000 37000
Imports (SGD Million) 73633.73 52000 52500 60500 60500
Exports (SGD Million) 86702.40 56000 59000 64000 64000
Exports of Non-oil Domestic Exports Of (%) 11.00 2.1 2.2 2 2
Domestic Exports of Non Oil (nodx) (%yoy) (%) 24.50 1.5 1.9 3 3
Current Account to GDP (% of GDP) 16.70 17.1

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Business Confidence (points) 17.00 5 7 10 12
Manufacturing PMI (points) 51.00 50.4 51 50.6 50.6
Industrial Production Mom (%) 5.80 1.9 2 1.9 2.5
Industrial Production (%) 17.60 9 6.5 4 5
Composite PMI (points) 56.70 51.5 51.4 51.4 51

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Retail Sales MoM (%) 3.70 -0.4 0.4 0.4 0.4
Retail Sales YoY (%) 4.80 1.8 2.2 2 2
Consumer Spending (SGD Million) 53576.50 54382 53721 57473 55130
Gasoline Prices (USD/Liter) 3.39 3.98 3.41 2.84 2.84

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Housing Index (points) 218.30 221 225 231 231
House Price Index MoM (%) 0.90 0.4 0.3 0.7 0.7

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Debt to GDP (% of GDP) 171.30 178
Government Budget (% of GDP) 1.90 1