Singapore Interest Rate Tradingeconomics.com Singapore Interest Rate Forecast

Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Singapore Interest Rate Tradingeconomics.com Singapore Interest Rate Forecast - was last updated on Tuesday, August 14, 2018.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.60 2 2.4 1.1 5.4 3.7 percent
Unemployment Rate 2.10 2.1 2.2 2.2 2.1 2.5 percent
Inflation Rate 0.60 0.7 1 1.2 1.4 2.2 percent
Interest Rate 1.73 1.75 1.8 1.7 1.6 1 percent
Balance of Trade 5348.78 11278 6650 5344 5537 7326 Million SGD
Government Debt to GDP 110.60 104 104 106 106 108 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.37
1.38 1.39 1.41 1.42 1.48
Stock Market 3242.54
points
3156 3069 2985 2903 2597
Government Bond 10Y 2.40
percent
2.62 2.77 2.92 3.07 3.79
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.60
percent
2 2.4 1.1 5.4 3.7
GDP Annual Growth Rate 3.90
percent
2.2 2.5 2.4 2.2 1.8
GDP 323.91
USD Billion
334 334 343 343 350
GDP Constant Prices 108395.10
SGD Million
108265 110349 110715 110780 114470
Gross National Product 431376.50
SGD Million
410301 442161 441730 414765 458672
Gross Fixed Capital Formation 26138.90
SGD Million
26423 28949 26766 27929 30030
GDP per capita 55235.51
USD
55600 55600 55900 55900 56240
GDP per capita PPP 85535.38
USD
86460 86460 87000 87000 90000
GDP From Construction 4507.10
SGD Million
4387 4600 4615 4496 4772
GDP From Manufacturing 21085.30
SGD Million
21044 20561 21591 19749 21328
GDP From Services 19518.70
SGD Million
19145 20610 19987 19250 21379
GDP From Transport 8214.20
SGD Million
8222 8505 8411 8216 8822
GDP From Utilities 1344.70
SGD Million
1376 1393 1377 1369 1445
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 2.10
percent
2.1 2.2 2.2 2.1 2.5
Employed Persons 3669.50
Thousand
3700 3700 3750 3750 3800
Unemployed Persons 106.90
Thousand
109 109 107 107 113
Average Weekly Hours 45.00
45 45 44.8 44.8 45
Labor Force Participation Rate 67.70
percent
69 69 71 71 71.5
Labour Costs 122.00
Index Points
109 121 122 110 122
Productivity 122.00
Index Points
109 121 122 110 124
Job Vacancies 52100.00
55200 55640 54400 54290 58810
Wages 5808.00
SGD/Month
4820 5750 5850 5400 6200
Population 5.61
Million
5.64 5.64 5.66 5.66 5.72
Retirement Age Women 62.00
62 62 62 62 62
Retirement Age Men 62.00
62 62 62 62 62
Employment Change 7.00
Thousands Person
-1.5 5.1 4.11 7.37 12.2
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 0.60
percent
0.7 1 1.2 1.4 2.2
Inflation Rate Mom 0.10
percent
0.3 0.3 0.2 0.1 0.5
Consumer Price Index CPI 100.00
Index Points
100 101 101 101 105
Core Consumer Prices 103.50
Index Points
104 105 106 105 109
Core Inflation Rate 1.70
percent
1.7 1.9 2 1.4 2.2
GDP Deflator 105.44
Index Points
106 107 107 106 116
Producer Prices 85.90
Index Points
80.12 82.76 82.51 87.79 91.15
Export Prices 89.90
Index Points
90.2 91 91.3 89.2 88
Import Prices 88.20
Index Points
88.8 90.3 91.4 91.2 107
Food Inflation 1.50
percent
1.4 1.5 1.3 1.4 1.7
Producer Prices Change 11.60
percent
1.8 2.3 2.5 2.2 5.5
CPI Housing Utilities 89.10
Index Points
90.83 90.29 90.36 90.35 93.94
CPI Transportation 98.30
Index Points
98.79 101 99.48 99.68 105
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 1.73
percent
1.75 1.8 1.7 1.6 1
Interbank Rate 1.64
percent
1.66 1.71 1.61 1.51 0.91
Money Supply M0 44285.30
SGD Million
44000 44298 44873 45192 47644
Money Supply M1 186126.50
SGD Million
191500 193800 196050 196290 217000
Money Supply M2 588563.80
SGD Million
596000 598800 607000 611000 625000
Money Supply M3 601368.40
SGD Million
604000 609100 613100 616000 623500
Foreign Exchange Reserves 393689.00
SGD Million
393000 394500 398000 398600 410000
Banks Balance Sheet 1285722.60
SGD Million
1300000 1310000 1321500 1322900 1410000
Loans to Private Sector 673253.80
SGD Million
671000 669000 692000 699000 715000
Deposit Interest Rate 0.14
percent
0.16 0.21 0.11 0.01 -0.59
Central Bank Balance Sheet 405057.00
SGD Million
410000 415000 417000 419500 429000
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 5348.78
Million SGD
11278 6650 5344 5537 7326
Exports 47293.34
Million SGD
47970 47692 48055 48262 50326
Imports 41944.57
Million SGD
36692 41042 42712 42725 43000
Current Account 22832.40
SGD Million
21700 22000 23000 26700 24000
Current Account to GDP 19.50
percent
19.3 19.3 18.7 18.7 18
External Debt 1967083.10
SGD Million
0 0 0 1968662 0
Terms of Trade 101.98
Index Points
102 101 99.89 97.81 82.24
Capital Flows 14193.60
SGD Million
18000 21000 19020 14940 21000
Tourist Arrivals 1468808.00
1500000 1480000 1472000 1460000 1560000
Gold Reserves 127.40
Tonnes
127 127 127 127 127
Terrorism Index 0.00
0.2 0.2 0.3 0.3 0.4
Weapons Sales 47.00
USD Million
42 42 52 52 56
Foreign Direct Investment 20265.30
SGD Million
22200 22050 23000 23600 27700
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 110.60
percent
104 104 106 106 108
Government Budget 0.30
percent of GDP
-0.2 -0.2 -0.2 0.5 -0.4
Government Budget Value 2788.50
SGD Million
1270 1900 1630 1620 1800
Government Spending 11135.30
SGD Million
10499 10550 11403 10698 10944
Government Revenues 7348.50
SGD Million
7320 7200 7530 7570 9500
Fiscal Expenditure 4560.00
SGD Million
6050 5300 5900 5950 7700
Military Expenditure 10122.00
USD Million
10300 10600 10360 10400 10570
Government Debt 517091.70
SGD Million
525000 540000 555000 564000 636000
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 7.00
Index Points
5 4 6 7 7
Manufacturing PMI 52.30
52.4 52.2 51.4 53 50.2
Industrial Production 7.40
percent
13.2 15 7 6.8 13
Industrial Production Mom 3.90
percent
0.4 0.7 1.1 0.7 1.6
Changes in Inventories 2191.80
SGD Million
1900 3570 2020 2450 1920
Bankruptcies 110.00
Companies
137 200 168 137 180
Car Registrations 12684.00
9200 15000 12000 12200 15000
Leading Economic Index 112.70
Index Points
112 110 111 110 104
Internet Speed 20345.58
KBps
22000 22500 24100 26050 28790
IP Addresses 1595352.00
IP
1605000 1608000 1613000 1617000 1652000
Competitiveness Index 5.71
Points
5.73 5.73 5.75 5.75 5.78
Competitiveness Rank 3.00
2 2 1 1 2
Composite Pmi 53.00
52.7 52 53.1 53 53.1
Ease of Doing Business 2.00
2 2 2 2 2
Corruption Index 84.00
Points
87 87 88 88 89
Corruption Rank 6.00
6 6 5 5 4
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Retail Sales MoM 1.20
percent
0.2 1.5 0.2 -0.3 -0.5
Retail Sales YoY 2.00
percent
1.9 3.5 -1.7 1.6 3
Consumer Spending 36218.50
SGD Million
37513 38535 37088 37043 39974
Private Sector Credit 589579.10
SGD Million
587000 590000 601000 603500 634000
Bank Lending Rate 5.33
percent
5.35 5.4 5.3 5.2 4.6
Households Debt To Gdp 58.70
percent of GDP
58.4 58.2 58.9 59.2 60
Gasoline Prices 1.67
USD/Liter
1.67 1.57 1.48 1.4 0.74
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 149.00
Index Points
150 152 153 154 156
New Home Sales 729.00
Units
647 550 596 530 560
Home Ownership Rate 90.70
percent
91.2 91.2 91.5 91.5 91.7
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 17.00
percent
17 17 17 17 17
Personal Income Tax Rate 22.00
percent
22 22 22 22 23
Sales Tax Rate 7.00
percent
7 7 7 7 7
Social Security Rate 37.00
percent
37 37 37 37 37
Social Security Rate For Companies 17.00
percent
17 17 17 17 17
Social Security Rate For Employees 20.00
percent
20 20 20 20 20
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 263.74
mm
163 265 218 212 211
Temperature 27.69
celsius
26.75 26.16 26.33 27.85 27.19