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Macro Analytics/SG
Macro country sheet

Singapore SG

Currency: SGD. Central bank: Monetary Authority of Singapore. SGD/USD: 0.7789.

Macro read

Consolidated decision read: what to monitor, why it matters, and where the data is still thin.

Regime scenario
Medium risk
Goldilocks

Growth at or above trend with inflation at or below target.

Growth Expanding 9.6 · Inflation On target 6.7 · weakest: Labor 4.7, Monetary 5.0

What to monitor: Check which dimension is driving divergence before drawing a broad country conclusion.

growth momentuminflation trendcentral bank stance
Where data is thin
IndicatorsSingapore 10y government bond yieldSingapore Composite leading indicator

Macro regime

Six dimensions, scored from 0 to 10. Radar shows the overall shape; cards show trend and label per dimension.

Growth9.6Inflation6.7Labor4.7Monetary5.0External8.0Fiscal5.2
Growth
9.6Stable
expanding
Inflation
6.7Stable
on target
Labor
4.7Stable
balanced
Monetary
5.0Stable
neutral
External
8.0Stable
strong
Fiscal
5.2Stable
neutral

Key indicators

Cross-country comparable indicators with 5-year micro history. Latest bar in gold; missing indicators render with a baseline.

Singapore GDP YoY (SingStat M014811, chained 2015 $)
5.94%
Singapore CPI YoY (SingStat M213751)
2.20%
Singapore unemployment, resident, sa (SingStat M182342)
3.00%
Singapore 3M compounded SORA (MAS targets the exchange rate)
1.23%
Singapore 10y government bond yield
missing
Singapore current account % GDP (4 quarters)
17.70% of GDP
Singapore Government debt % GDP
165.70% of GDP
Singapore Fiscal balance % GDP
4.20% of GDP

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