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 Saturday, May 26, 2018.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 1.70 1.5 2 2.4 1.1 3.7 percent
Unemployment Rate 2.00 2.1 2.1 2.2 2.2 2.5 percent
Inflation Rate 0.10 0.6 0.7 1 0.1 2.2 percent
Interest Rate 1.47 1.5 1.3 1.4 1.5 1.5 percent
Balance of Trade 6005.60 6800 8163 6650 6076 7326 Million SGD
Government Debt to GDP 110.60 104 104 104 106 108 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 1.34
1.33 1.34 1.35 1.37 1.42
Stock Market 3513.23
points
3259 3179 3102 3027 2743
Government Bond 10Y 2.61
percent
2.46 2.6 2.74 2.9 3.61
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 1.70
percent
1.5 2 2.4 1.1 3.7
GDP Annual Growth Rate 4.40
percent
3.7 2.2 2.5 2.4 1.8
GDP 296.98
USD Billion
314 314 314 322 329
GDP Constant Prices 108120.00
SGD Million
106200 108265 110349 110715 114470
Gross National Product 431376.50
SGD Million
413344 410301 442161 441730 458672
Gross Fixed Capital Formation 26138.90
SGD Million
27833 26423 28949 26766 30030
GDP per capita 52600.60
USD
54247 54247 54247 55848 56242
GDP per capita PPP 81443.40
USD
82077 83460 82077 84207 85504
GDP From Construction 4507.10
SGD Million
4480 4387 4600 4615 4772
GDP From Manufacturing 21085.30
SGD Million
19681 21044 20561 21591 21328
GDP From Services 19518.70
SGD Million
19185 19145 20610 19987 21379
GDP From Transport 8214.20
SGD Million
8187 8222 8505 8411 8822
GDP From Utilities 1344.70
SGD Million
1364 1376 1393 1377 1445
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 2.00
percent
2.1 2.1 2.2 2.2 2.5
Employed Persons 3669.50
Thousand
3700 3700 3700 3750 3800
Unemployed Persons 106.90
Thousand
109 109 109 107 113
Average Weekly Hours 45.00
45 45 45 45 45
Labor Force Participation Rate 67.70
percent
69 67.79 69 67.56 71.5
Labour Costs 117.10
Index Points
112 111 121 112 122
Productivity 117.10
Index Points
111 111 121 112 124
Job Vacancies 46600.00
50500 52698 55641 51970 58817
Wages 5596.00
SGD/Month
5150 4820 5750 5850 6200
Population 5.61
Million
5.77 5.63 5.62 5.64 5.79
Retirement Age Women 62.00
62 62 62 62 62
Retirement Age Men 62.00
62 62 62 62 62
Employment Change 1.20
Thousands Person
12.4 16.95 5.1 17.14 12.2
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 0.10
percent
0.6 0.7 1 0.1 2.2
Inflation Rate Mom -0.50
percent
0.2 0.3 0.3 0.2 0.5
Consumer Price Index CPI 99.30
Index Points
100 100 101 99.9 105
Core Consumer Prices 104.20
Index Points
104 104 105 106 109
Core Inflation Rate 1.30
percent
1.6 1.7 1.9 2 2.2
GDP Deflator 107.84
Index Points
105 106 107 107 116
Producer Prices 80.50
Index Points
78.13 80.12 82.76 82.51 91.15
Export Prices 86.00
Index Points
85 85 85 85.8 88
Import Prices 83.50
Index Points
90 83.63 94 83.67 107
Food Inflation 1.40
percent
1.4 1.5 1.5 1.46 1.7
Producer Prices Change 0.90
percent
1.2 1.8 2.3 2.5 5.5
CPI Housing Utilities 89.29
Index Points
91.36 90.83 90.29 89.38 93.94
CPI Transportation 98.40
Index Points
98.59 98.79 101 98.4 105
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 1.47
percent
1.5 1.3 1.4 1.5 1.5
Interbank Rate 1.51
percent
1.74 1.54 1.64 1.74 1.74
Money Supply M0 43697.70
SGD Million
44819 45694 46574 47452 56933
Money Supply M1 188155.70
SGD Million
189248 191622 193952 196236 218638
Money Supply M2 588586.40
SGD Million
590440 595578 600659 605683 657446
Money Supply M3 601148.50
SGD Million
602877 608018 613093 618105 669313
Foreign Exchange Reserves 380973.30
SGD Million
370109 370517 371237 370993 370759
Banks Balance Sheet 1258234.50
SGD Million
1234000 1241158 1260000 1240583 1410000
Loans to Private Sector 661600.90
SGD Million
636000 659266 638000 665821 654000
Deposit Interest Rate 0.14
percent
0.44 0.24 0.34 0.44 0.44
Central Bank Balance Sheet 393222.50
SGD Million
394234 397576 400000 398130 420000
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 6005.60
Million SGD
6800 8163 6650 6076 7326
Exports 45033.60
Million SGD
44500 44855 47692 44860 50326
Imports 39028.00
Million SGD
37700 36692 41042 38784 43000
Current Account 20538.10
SGD Million
22800 20546 22000 20547 24000
Current Account to GDP 19.50
percent
19.3 19.3 19.3 18.7 18
External Debt 0.00
SGD Million
0 0 0 0 0
Terms of Trade 102.99
Index Points
94.44 102 90.43 103 82.24
Capital Flows 10835.30
SGD Million
20000 10418 26000 9682 21000
Tourist Arrivals 1489652.00
1449153 1454700 1777518 1454700 2210118
Gold Reserves 127.40
Tonnes
127 127 127 127 127
Terrorism Index 0.00
0.3 0 0.3 0 0.2
Weapons Sales 47.00
USD Million
42 34.45 42 36.94 56
Foreign Direct Investment 23354.10
SGD Million
24392 21565 22046 21565 27753
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 110.60
percent
104 104 104 106 108
Government Budget 0.30
percent of GDP
-0.2 -0.2 -0.2 -0.2 -0.4
Government Budget Value -4753.70
SGD Million
3600 1776 1900 2752 1800
Government Spending 11135.30
SGD Million
10661 10499 10550 11403 10944
Government Revenues 7171.00
SGD Million
8500 7151 7200 7965 9500
Fiscal Expenditure 11924.70
SGD Million
4900 5375 5300 5213 7700
Military Expenditure 10122.00
USD Million
10601 10247 10601 10480 11161
Government Debt 502021.90
SGD Million
493849 493798 493802 493802 493802
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 13.00
Index Points
4 5 3.6 5 7
Manufacturing PMI 52.90
52.9 52.4 52.2 51.4 50.2
Industrial Production 9.10
percent
11.7 13.2 15 6.74 13
Industrial Production Mom 0.20
percent
1.3 1.4 1.7 1.1 1.6
Changes in Inventories 2191.80
SGD Million
2815 1936 3570 2020 1925
Bankruptcies 170.00
Companies
160 132 200 140 180
Car Registrations 8922.00
12000 9200 15000 12000 15000
Leading Economic Index 112.60
Index Points
102 113 102 113 104
Internet Speed 20345.58
KBps
23691 24611 24570 25039 28793
IP Addresses 1595352.00
IP
1599289 1592822 1585315 1577649 1498931
Competitiveness Index 5.71
Points
5.71 5.71 5.73 5.71 5.78
Competitiveness Rank 3.00
2 2 2 2 1
Composite Pmi 55.60
54 52.7 52 52.8 53.1
Ease of Doing Business 2.00
2 2 2 2 2
Corruption Index 84.00
Points
84 84 87 84 89
Corruption Rank 6.00
6 6 6 6 4
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Retail Sales MoM 2.30
percent
-0.6 -3.36 1.5 2.27 -0.5
Retail Sales YoY -1.50
percent
1.8 1.9 3.5 -1.7 3
Consumer Spending 36218.50
SGD Million
36916 37513 38535 37088 39974
Private Sector Credit 583489.20
SGD Million
580953 585644 590234 594708 636959
Bank Lending Rate 5.33
percent
5.52 5.32 5.42 5.52 5.52
Households Debt To Gdp 58.10
percent of GDP
58.09 58.09 61 58.09 63
Gasoline Prices 1.65
USD/Liter
1.58 1.49 1.4 1.32 0.92
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Housing Index 144.10
Index Points
140 149 141 150 150
New Home Sales 729.00
Units
740 647 550 597 560
Home Ownership Rate 90.70
percent
91.2 90.75 91.2 90.6 91.7
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 17.09 17 16.82 17
Social Security Rate For Employees 20.00
percent
20 20 20 20 20
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 263.74
mm
178 163 265 218 211
Temperature 27.69
celsius
27.19 26.75 26.16 26.33 27.19