Category Archives: Economics

Singapore GDP Growth rates correlate with World GDP

Singapore economy is open and dependent on the world economy to drive growth. How closely related are we with the global performance of economic growth? The following table shows Gross Domestic Product (GDP) annual growth rates of both Singapore and … Continue reading

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Singapore economic growth is dependent on Exports

Budget 2016 is an expansionary fiscal budget for Singapore. Total government expenditure for 2016 will be raised by 7.3% from 2015 to $73.4 billion. But this alone is not going to lift Singapore from slow economic growth this year. The … Continue reading

Posted in Economics

Will Singapore Budget 2016 help the economy?

Budget 2016 is an expansionary fiscal budget for Singapore. Total government expenditure for 2016 will be raised by 7.3% from 2015 to $73.4 billion. $73.4 billion would be spent on the economy by the government. This translates into Gross Domestic … Continue reading

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Singapore Inflation and GDP Growth Rates were linked

When inflation is low, there is likely chance that Gross Domestic Product (GDP) growth rate is also low. Countries fear runaway inflation as well as deflation. With deflation (or very low inflation), consumers and producers may not want to spend … Continue reading

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People were spending less in December 2014 – Retail Sales declined

I have this hunch that we are spending less in this dreary economic climate. My suspicion was borne out when the Department of Statistics of Singapore released its December Retail Sales Index. Compared to December 2013, retail sales (excluding motor … Continue reading

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Singapore Inflation for Years 2007 to 2014

Singapore inflation is measured by consumer price index (CPI). The CPI indices for years 2007 to 2014 were: 2007: 93.2 2008: 99.4 2009: 100.0 (base year) 2010: 102.8 2011: 108.2 2012: 113.1 2013: 115.8 2014: 117.0 (Source: DOS Singapore) Annual … Continue reading

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Singapore GDP annual growth rates and STI (1997 to 2014)

Annual growth rates for Singapore real Gross Domestic Product (GDP) are mapped to the Straits Times Index (STI) at the end of each year. This table shows real GDP growth rates since 1997 with the latest 2014 performance. Year GDP … Continue reading

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