Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 4922.86 4931 4834 4753 4674
Currency 1.28 1.27 1.26 1.26 1.25
Government Bond 10Y (%) 2.12 2.01 1.95 1.91 1.87

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) -0.30 0.3 0.3 0.5 0.6
GDP Annual Growth Rate (%) 4.60 3.6 2.8 4 2.9
Unemployment Rate (%) 2.00 2.1 2 1.9 1.9
Inflation Rate (%) 1.80 1.6 1.9 1.5 1.7
Inflation Rate MoM (%) 0.50 0.1 0.2 0.5 0.2
Interest Rate (%) 0.98 1 1.5 1 1
Balance of Trade (SGD Million) 11218.00 4000 6500 3500 3500
Current Account (SGD Million) 40236.00 36500 36500 37000 37000
Business Confidence (points) 11.00 5 7 10 12
Manufacturing PMI (points) 50.50 50.4 51 50.6 50.6
Retail Sales MoM (%) -4.10 -0.4 0.4 0.4 0.4
Current Account to GDP (% of GDP) 16.70 17.1
Government Debt to GDP (% of GDP) 173.10 176
Government Budget (% of GDP) 1.90 1

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) -0.30 0.3 0.3 0.5 0.6
GDP Annual Growth Rate (%) 4.60 3.6 2.8 4 2.9
GDP Constant Prices (SGD Million) 151417.20 152489 154176 157980 155808
Gross Fixed Capital Formation (SGD Million) 38436.30 36107 37913 39974 39551
GDP from Services (SGD Million) 22538.40 22243 22478 23440 23192
GDP from Manufacturing (SGD Million) 31438.00 31367 32532 34382 32350
GDP from Construction (SGD Million) 5878.50 5832 5819 5897 6049
GDP from Transport (SGD Million) 8832.60 9188 9136 9186 9089
GDP from Utilities (SGD Million) 1630.20 1662 1663 1695 1677
GDP (USD Billion) 547.39 567
Gross National Product (SGD Million) 731436.10 760694
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 (%) 2.00 2.1 2 1.9 1.9
Wages (SGD/Month) 6442.00 6620 6650 6750 6750
Population (Million) 6.11 6.06

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 1.80 1.6 1.9 1.5 1.7
Inflation Rate MoM (%) 0.50 0.1 0.2 0.5 0.2
Consumer Price Index CPI (points) 102.40 103 103 103 104
Core Consumer Prices (points) 101.91 102 103 104 104
Core Inflation Rate (%) 1.70 1.3 1.8 1.9 1.6
GDP Deflator (points) 135.60 134 134 138 138
Producer Prices (points) 101.13 99.2 99.98 100 103
Export Prices (points) 90.39 94.45 91.08 89.49 91.3
Import Prices (points) 92.59 92.87 93.97 93.43 95.09
Food Inflation (%) 1.60 1.6 3 2.2 2.2
Import Prices YoY (%) -1.40 2 2 2.1 2.7
Export Prices YoY (%) -4.30 4.7 1.4 1.4 1
Producer Prices Change (%) -2.90 1.4 1.9 2 1.8
CPI Transportation (points) 107.30 107 108 108 108
CPI Housing Utilities (points) 101.50 103 103 103 103

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 0.98 1 1.5 1 1
Money Supply M2 (SGD Million) 878513.80 899000 899000 912000 912000
Foreign Exchange Reserves (SGD Million) 540852.90 512000 5124000 517000 517000
Loans to Private Sector (SGD Million) 893644.40 884056 887946 921554 919560

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (SGD Million) 11218.00 4000 6500 3500 3500
Current Account (SGD Million) 40236.00 36500 36500 37000 37000
Imports (SGD Million) 70617.01 52000 52500 60500 60500
Exports (SGD Million) 81835.32 56000 59000 64000 64000
Exports of Non-oil Domestic Exports Of (%) 3.00 2.1 2.2 2 2
Domestic Exports of Non Oil (nodx) (%yoy) (%) 15.30 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) 11.00 5 7 10 12
Manufacturing PMI (points) 50.50 50.4 51 50.6 50.6
Industrial Production Mom (%) -7.20 1.9 2 1.9 2.5
Industrial Production (%) -0.10 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 (%) -4.10 -0.4 0.4 0.4 0.4
Retail Sales YoY (%) 8.30 1.8 2.2 2 2
Consumer Spending (SGD Million) 55262.20 54382 53721 57473 56865
Gasoline Prices (USD/Liter) 3.38 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) 173.10 176
Government Budget (% of GDP) 1.90 1