Pages

56 pages

Published

July 2017

Update frequency

On a semi-annual basis

Format

PDF, Horizontal, Screen friendly

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TABLE OF CONTENT


Comprehensive View On The Economy

1.      Economic structure

Part of the country’s economic profile, economic structure section gives readers useful views to understand what matters for the Singapore’s economy.

KEY QUESTIONS ADDRESSED

  • What is the size of the Singapore’s economy in relation to world’s major economies?
  • What is the size of Singapore’s population?
  • What is the demographic structure of Singapore? Is it favorable for economic growth?
  • How has the structure of Singapore’s GDP changed over the years?
  • How much does the Singapore’s economy rely on external trade?
  • What are the key production sectors for the Singapore’s economy?
  • How does economic freedom in Singapore compare with others?

2.      Competitiveness

Part of the country’s economic profile, this section explores Singapore’s competitiveness in the global level. It also covers the country’s attractiveness to foreign direct investment.

KEY QUESTIONS ADDRESSED

  • Which stage of economic development is the Singapore’s economy in?
  • How is the average wage in Singapore compared to others in the region?
  • How has the labor productivity in Singapore changed over the years and in relation with comparable countries?
  • How competitive is Singapore?
  • How are Singapore’s competitive factors compared to those of other ASEAN countries?
  • Is it easy to do business in Singapore?
  • What are most problematic factors in doing business in Singapore?
  • How good is Singapore in attracting Foreign Direct Investment?

3.      Economic development

Part of the country’s economic profile, this section explores Singapore’s economic development, average income and its distribution, poverty as well as other development indicators.

KEY QUESTIONS ADDRESSED

  • What is the level of income for an average person in Singapore?
  • Is there still a lot of poor people in Singapore? How does it compare to others in ASEAN?
  • Is unemployment the issue for Singapore?
  • How is income distributed in Singapore and how does it compare to others in ASEAN?
  • What is the current level of human development in Singapore?
  • How has quality of life in Singapore changed over the years?

4.      Economic growth

Part of the country’s economic outlook, this section explores Singapore’s recent economic growth, its key drivers and well as the growth outlook for the coming years.

KEY QUESTIONS ADDRESSED

  • What has been the growth rate of Singapore’s economy over the past 10 years and how does it compare with others?
  • What were the key growth drivers for the Singapore’s economy in the last year?
  • What were the source of growth for Singapore’s economy in the last 5 quarters?
  • What is the growth outlook for Singapore’s economy over the next 3 years and how does it compare with others?
  • How has the growth outlook for Singapore changed over the past few months?

5.      Economic stability (Macro risks)

Part of the country’s economic outlook, this section explores Singapore’s macro-economic risks, including inflation, financial sector, budget deficit as well as balance of payment and exchange rate.

KEY QUESTIONS ADDRESSED

  • What is the risk of inflation in Singapore and how does it compare with others?
  • How healthy is the Singapore’s banking sector?
  • What is the fiscal risk in Singapore?
  • What is the likelihood of raising tax?
  • What is the balance of payment risk for Singapore?
  • How good is the country in getting foreign exchange by the mean of commerce?
  • What is the FX risk? How has the SGD performed compared to other ASEAN currencies?

Appendix 1: Key Economic Projections 2016-2022

From IMF’s World Economic Outlook Report April 2017.

  • GDP growth
  • Inflation
  • Population
  • Unemployment rate
  • Government budget and debt
  • Current account

Appendix 2: DOING BUSINESS 2017

Detailed rankings and scores for Singapore and comparable economies.

  • Starting a business
  • Dealing with construction permits
  • Getting electricity
  • Registering property
  • Getting credit
  • Protecting Minority Investors
  • Paying taxes
  • Trading across borders
  • Enforcing contracts
  • Resolving Insolvency