Singapore

In 2023, Singapore’s GDP growth slowed to 1.1%, due to a decline in exports and the global economic deceleration, despite a rise in private and public spending. Moreover, Singapore’s fiscal policy in 2023 resulted in a budget surplus, due primarily…

The commodities country overview provides comprehensive data on production, consumption and price trends in key commodities markets. The commodities overview in Singapore covers production and consumption trends in agricultural commodities, energy…

Despite slower income growth from 2022 to 2027, Singapore will maintain one of the highest per capita income levels in the region. The prevalence of sectors such as finance, tech, healthcare and research are set to continue to sustain higher income…

The number of households is set to increase moderately in Singapore over 2022-2027, with couples with children remaining the dominant household type. In 2022, household spending was affected by inflation, which stood at 6.1%, elevating living costs.…

Singapore continues to lead in terms of economic freedoms globally, offering major opportunities for businesses. Its favourable regulations, investment incentives, high innovation capacity, skilled workforce and high productivity offer a solid base…