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Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
National Accounts            
GDP at Current Market Prices S$m 4Q 2023 176,412.1 2.6 168,373.8 -2.8
GDP in Chained (2015) Dollars S$m 4Q 2023 137,319.0 2.2 133,121.5 1.0
GDP at Current Market Prices S$m 2023  673,300.3 -2.0 687,230.4 17.8
GDP in Chained (2015) Dollars S$m 2023 532,259.5 1.1 526,598.4 3.8
Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Per Capita GDP S$ 2023 113,779  -6.7 121,914 14.0
Per Capita GNI S$ 2023 95,455  -3.1 98,550.0  8.4
Gross Fixed Capital Formation at Current Prices S$m 2023 149,410.2 4.9 142,375.9 9.7
Public Sector S$m 2023  27,626.0 12.8 24,484.0 10.1
Private Sector S$m 2023 121,784.2 3.3 117,891.9 9.7
Gross National Saving S$m 2023 274,626.5 -0.9 277,050.9 8.4 

Data are preliminary when first released.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Items Unit Latest Period Latest Data % Change
(Y‑o‑Y)  1/
Previous
Period Data
% Change
(Y‑o‑Y)  2/
Merchandise Trade





Total Trade at Current Prices S$m

Jan-24

107,114.4 14.1 97,730.2 -6.8
Total Exports at Current Prices S$m Jan-24 57,824.5 16.7 52,476.3 -4.6

Domestic Exports

S$m Jan-24 25,149.7 12.5 22,546.0 -7.7

Non-oil Domestic Exports

S$m Jan-24 15,470.4 16.8 13,969.1 -1.5

Re-exports

S$m

Jan-24

32,674.7 20.3

29,930.3

-2.1
Items Unit Latest Period Latest Data % Change
(Y‑o‑Y)  1/
Previous
Period Data
% Change
(Y‑o‑Y)  2/
Total Imports at Current Prices S$m Jan-24 49,290.0 11.1 45,253.9 -9.3
Total Trade at Current Prices S$m 2023 1,205,722.6 -11.7 1,365,402.5 17.7
Total Exports at Current Prices S$m 2023 638,403.5 -10.1 709,966.6 15.6

Domestic Exports

S$m 2023 285,053.0 -13.5 329,668.8 18.2

Non-oil Domestic Exports

S$m 2023 173,170.9 -13.1 199,207.9 3.0

Re-exports

S$m 2023 353,350.5 -7.1 380,297.8 13.5
Total Imports at Current Prices S$m 2023 567,319.1 -13.4 655,435.9 20.1

Data are preliminary when first released.
1. Refers to % change in latest period over the same period in the previous year.
2. Refers to % change in the previous period over the same period in the previous year.

Items
Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Services





Retail Sales Index at Current Prices (2017=100)
Dec-23
120.4
-0.4
105.3
2.4
Food & Beverage Services Index at Current Prices (2017=100)
Dec-23
115.1
0.3
106.5
1.6
Domestic Wholesale Trade Index at Current Prices (2017=100)
4Q 2023
104.4
-3.5
98.0
-10.9
Foreign Wholesale Trade Index at Current Prices (2017=100)
4Q 2023
155.4
-4.7
155.3
-9.0
Business Receipts Index (2014=100)
3Q 2023
152.9
3.2
150.0
3.8

Data are preliminary when first released.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Manufacturing            
Industrial Production Index (2019=100)

Dec-23 125.8 -2.5 117.4 0.0
Total Output 3/ 4/ 5/ S$m 2023 413,931 -10.4 462,054 17.1
Value Added 4/ S$m  2023 115,644 -15.1 136,145 18.0
Employment 4/ '000  2023 360.9 0.8 358.0 2.2
Remuneration 4/ S$m 2023 25,389 2.2 24,839 7.9
Change in Unit Labour Cost of Manufacturing % 2023  84.6 10.0 76.9 9.5

Data are preliminary when first released.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Classified according to Singapore Standard Industrial Classification (SSIC) 2020.
4 Refers to all manufacturing establishments.
5 Includes manufacturing output and other operating income.

Items Unit Latest Period Latest Data % Change
(Y-o-Y) 1/
Previous
Period Data
% Change
(Y-o-Y) 2/
Labour, Employment, Wages and Productivity            
Employment Level (quarterly) 3/ '000 Dec-23 4,000.7 2.8 3,988.1 3.7
Employment Change (quarterly) 3/ '000 Dec-23 12.6 na 29.2 na
Unemployment (seasonally adjusted) (quarterly) % of labour force Dec-23 2.0 na 2.0 na
Value Added per Worker Growth  % 4Q 2023 -0.8 na -3.1 na
Total Labour Force 4/ '000  2023 3,936.3 na 3,754.2 na
Resident Labour Force 5/ '000  2023 2,436.2 na 2,438.0 na
Items Unit Latest Period Latest Data % Change
(Y-o-Y) 1/
Previous
Period Data
% Change
(Y-o-Y) 2/
Employed Persons 4/ '000  2023 3,840.3 na

3,656.2

na
Employed Residents 5/ '000  2023 2,352.3 na 2,350.4 na
Unemployment Rate (seasonally adjusted) 4/ % 2023 1.9 na 2.1 na
Resident Unemployment Rate (seasonally adjusted) 5/ % 2023 2.7 na 2.8 na
Labour Force Participation Rate 5/6/ % 2023 68.6 na 70.0 na
Males % 2023 74.9 na 77.0 na
Females % 2023 62.6 na 63.4 na
Annual Growth in Value Added per Worker % 2023 -3.6 na -0.9 na

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Includes Migrant Domestic Workers.
4 Refers to total persons aged 15 years and over. Data are for mid-year.
5 Refers to Singapore residents (citizens and permanent residents) aged 15 years and over. Data are for mid-year.
6 Refers to % of Population aged 15 & over.

Item Legend Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Prices and Price Indices            
Consumer Price Index (2019 as Base Year) Dec-23 115.3 3.7 114.9 3.6
Consumer Price Index (2019 as Base Year) 2023 113.6 4.8 108.4 6.1
Domestic Supply Price Index (2018=100) Dec-23 109.7 -1.1 112.7 -2.9
Singapore Manufactured Products Price Index (2018=100) Dec-23 106.1 -2.4 107.3 -4.5
Import Price Index (2018=100) Dec-23 109.2 0.7 111.5 -1.1
Export Price Index (2018=100) Dec-23 107.1 -2.1 109.8 -3.7
Accounting Services Price Index (2022=100)  3Q 2023 101.1 2.5 100.1 -1.1
Accounting And Auditing Price Index (2022=100)  3Q 2023 100.8 2.4 99.6 -1.7
Book-Keeping Price Index (2022=100)  3Q 2023 103.8 3.6 104.0 4.3
Cargo Handling Price Index (2021=100)  3Q 2023 103.0 1.2 102.8 2.0
Container Depot Services Price Index (2021=100)  3Q 2023 100.6 0.3 100.4 0.1
Crane Services Price Index (2021=100)  3Q 2023 100.4 0.4 100.3 0.6
Stevedoring Services Price Index (2021=100)  3Q 2023 108.7 2.9 108.4 5.4
Computer Consultancy and Information Services Price Index (2021=100)  3Q 2023 102.7 -0.4 102.1 -0.5
Computer Programming And Consultancy Price Index (2021=100)  3Q 2023 103.3 -1.3 103.0 -1.0
Information Services And Online Marketplace Price Index (2021=100)  3Q 2023 101.8 1.1 100.6 0.3
Freight Forwarding Price Index (2022=100)  3Q 2023 79.4 -22.2 82.8 -19.6
Sea Freight Forwarding Price Index (2022=100)  3Q 2023 73.9 -27.2 77.8 -26.0
Air Freight Forwarding Price Index (2022=100)  3Q 2023 80.3 -20.9 83.5 -17.8
Land Freight Forwarding Price Index (2022=100)  3Q 2023 142.2 25.0 141.1 60.6
Sea Freight Transport Price Index (2022=100)  3Q 2023 68.4 -34.1 72.9 -29.5
Containerised Freight Transport Price Index (2022=100)  3Q 2023 55.3 -45.1 56.7 -48.9
Dry Bulk Freight Transport Price Index (2022=100)  3Q 2023 72.3 -31.3 75.8 -30.3
Liquid Bulk And Gas Freight Transport Price Index (2022=100)  3Q 2023 84.3 -21.4 94.4 9.3
Telecommunication Services Price Index (2021=100)  3Q 2023 102.6 1.8 102.4 1.4
Wired And Wireless Services Price Index (2021=100)  3Q 2023 98.6 -2.9 98.3 -3.2
Internet Access Providers And Other Telecommunication Services Price Index (2021=100)  3Q 2023 105.2 5.0 105.0 4.5
Warehousing and Storage Price Index (2021=100)  3Q 2023 105.9 4.7 104.2 3.7
General And Refrigerated Warehousing Price Index (2021=100)  3Q 2023 107.2 4.8 106.0 5.4
Dangerous Goods Storage Price Index (2021=100)  3Q 2023 104.3 4.6 101.9 1.6

Data are preliminary when first released.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Items Unit Latest Period Latest Data % Change
(Y‑o‑Y)  1/
Previous
Period Data
% Change
(Y‑o‑Y)  2/
Tourism            
Visitor Arrivals (excluding Malaysian arrivals by land) '000 2023 13,610.4 115.8 6,305.7 1,810.5
Hotel Occupancy Rate 3/ % 2023 80.1 4.9 75.2 18.4
Available Room Nights 4/ '000  2023 21,399.0 24.7 17,164.5 62.4

Data are preliminary when first released.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Data under the column for '% change (y-o-y)' refer to percentage point change.
4 Refers to room-nights available for occupancy. Excludes rooms closed for renovations and staff use as declared by the hotels in the statutory forms.

Items Unit Latest Period Latest Data % Change
(Y‑o‑Y)  1/
Previous
Period Data
% Change
(Y‑o‑Y)  2/
InfoComm and Media            
International Telephone Call Minutes  Million 2022 3,934.8 -61.8 10,249.2 -24.0
Total SMS Messages Million 2022 6,232.4 2.2 6,098.1 -0.4
Mobile Population Penetration Rate  % 2022 165.9 na 158.8 na

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Items Unit Latest Period Latest Data % Change
(Y‑o‑Y)  1/
Previous
Period Data
% Change
(Y‑o‑Y)  2/
Transport            
Air Cargo Handled 3/ '000 Tonnes  2023 1,740.2 -6.1 1,853.0 -4.8
Aircraft Landings   Number 2023 164,124 50.2 109,246 100.9
Sea Cargo Handled '000 Tonnes 2023 591,698.5 2.3 578,220.8 -3.6
Arrival of Vessels of Over 75 GT 4/ Number 2023 121,403 20.4 100,807 15.6
Arrival of Vessels of Over 75 GT 4/ '000 GT 2023 3,093,676 9.4 2,828,364 0.5
Container Throughput '000  TEUs  5/ 2023 39,013.0 4.6 37,289.6 -0.7

Data are preliminary when first released.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Refers to changi airport only.
4 Includes all sea-going vessels & regional ferries above 75 GT.
5 Refers to twenty-foot equivalent units.

Item Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Government Finance            
Cash surplus/deficit 3/ S$m Dec-23 -986.6 -72.2 4,499.4 65.6
Net cash inflow from operating activities S$m Dec-23 -2,520.1 -40.9 1,086.1 -41.7
Cash receipts from operating activities S$m Dec-23 6,659.1 26.0 9,601.2 -0.1
Cash payments for operating activities S$m Dec-23 9,179.2 -3.9 8,515.1 9.9
Net cash outflow from investments in nonfinancial assets S$m Dec-23 -1,533.5 115.6 -3,413.3 299.5
Purchases of nonfinancial assets S$m Dec-23 1,065.7 47.8 921.0 0.4
Sales of nonfinancial assets S$m Dec-23 2,599.2 81.5 4,334.3 144.7
Net cash inflow from financing activities 4/ S$m Dec-23 8,047.1 155.4 3,685.0 -196.1
Net incurrence of liabilities S$m Dec-23 8,274.3 106.1 3,838.3 -203.8
Domestic S$m Dec-23 8,274.3 106.1 3,838.3 -203.8
Foreign S$m Dec-23 0.0 0.0 0.0 0.0
Net acquisition of financial assets other than cash S$m Dec-23 227.2 -73.7 153.3 11.2
Domestic excluding cash S$m Dec-23 227.2 -73.7 153.3 11.2
Foreign excluding cash S$m Dec-23 0.0 0.0 0.0 0.0
             
Item Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Government Debt            
Central Government Debt 12/ S$m 4Q 2023 1,150,259.7 6.5 1,120,973.6 5.1
External Debt S$m 4Q 2023 0.0 na 0.0 na
Domestic Debt S$m 4Q 2023 1,150,259.7 6.5 1,120,973.6 5.1
Issued for Non-Spending Purposes S$m 4Q 2023 1,139,059.7 6.2 1,111,273.7 4.7
Issued for Spending Purposes S$m 4Q 2023 11,200.0 62.3 9,700.0 94.0
Domestic Debt (Excluding Advance Deposits) S$m 4Q 2023 1,132,900.3 6.2 1,111,111.0 5.2
1 year maturity or less S$m 4Q 2023
134,417.0 20.9 129,195.1 14.9
More than 1 year maturity S$m 4Q 2023 998,483.4 4.5 981,915.8 4.1
             
Item Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Overall Fiscal Position 5/            
Operating Revenue 6/ S$m FY 2022 90,278.4 9.4 82,486.5 22.4
Total Expenditure S$m FY 2022 106,947.7 12.8 94,796.2 9.8
Operating Expenditure 7/ S$m FY 2022 86,318.9 9.9 78,542.9 7.7
Development Expenditure 8/ S$m FY 2022 20,628.9 26.9 16,253.4 21.0
Primary Surplus/Deficit S$m FY 2022 -16,669.3 35.4 -12,309.6 -35.2
Special Transfers 9/ S$m FY 2022 9,162.8 34.2 6,828.3 -86.6
Special Transfers Excluding Top-ups to Endowment and Trust Funds  S$m FY 2022 2,912.8 -57.3 6,828.3 -79.6 
Basic Surplus/Deficit 10/ S$m FY 2022 -19,582.1 2.3 -19,138.0 -63.5
Top-ups to Endowment and Trust Funds S$m FY 2022 6,250.0 na - na
Net Investment Returns Contribution 11/ S$m FY 2022 21,610.8 6.1 20,364.9 11.6
Overall Budget Surplus/Deficit S$m FY 2022 -4,221.3 -444.0 1,227.0 -102.4
Capitalisation of Nationally Significant Infrastructure S$m FY 2022 2,278.4 248.6 653.5 na
Depreciation of Nationally Significant Infrastructure S$m FY 2022 - - - -
SINGA Interest Costs and Loan Expenses 12/ S$m FY 2022 93.2 na - na
Overall Fiscal Position S$m FY 2022 -2,036.0 -208.3 1,880.4 -103.6

Data are preliminary when first released.
na not available or not applicable.  - nil or negligible
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Does not reflect the fiscal position of the current term of government, as it takes into account land sales and capital receipts (which accrue primarily to past reserves) in addition to taxes and other revenues, as well as land-related expenditure.
4 Reflects the net issuance of Government securities and Treasury Bills.
5 Refers to the Government's financial year, which begins on 1 April of the current year and ends on 31 March of the following year. Data for FY2022 are revised estimates. Figures may not add up due to rounding.
6 Excludes the repayment of loans and advances, interest income, investment income and capital receipts.
7 Refers to expenditure on manpower, other operating expenditure (excluding expenses on investment and agency fees on land sales), operating grants and transfers.
8 Excludes loans to statutory boards, industrial and commercial enterprises and land-related expenditure.
9 Refers to discretionary transfers made by the Government and these include one-off direct transfers to businesses and households, as well as top-ups to endowment and trust funds created by the Government for specific expenditure objectives.
10 Refers to before Top-ups to Endowment and Trust Funds, Net Investment Returns Contribution, Capitalisation and Depreciation of Nationally Significant Infrastructure and SINGA Interest Costs and Loan Expenses.
11 Net Investment Returns Contribution is the sum of: (1) up to 50% of the expected long-term real return on the relevant assets specified in the Constitution; and (2) up to 50% of the net investment income on the remaining assets.
12 SINGA Interest Costs and Loan Expenses include the annual effective interest costs (which is computed based on the yield to maturity multiplied by the face value of the bond) and other ancillary loan expenses incurred in connection with the SINGA. It excludes principal repayment and transfer of loan discount to Development Fund. It is different from the Debt Servicing and Related Costs presented in the Expenditure Estimates and Annex to Expenditure Estimates for Head Y. In FY2021, SINGA Interest Costs and Loan Expenses was positioned above the Overall Budget Surplus/Deficit in the Fiscal Position Table. It has been shifted below the Overall Budget Surplus/Deficit together with the other items that are also associated with the SINGA.
13 There are two key categories of domestic debt instruments.  The first category of domestic debt instruments are issued under the Government Securities (Debt Market and Investment) Act for non-spending purposes.  Borrowing proceeds raised under this Act are invested and cannot be spent.  The debt instruments under this Act are issued for specific purposes including:

-   Publicly held domestic debt instruments comprising: (a) Singapore Government Securities (Market Development) and Treasury Bills, which are issued to develop Singapore's debt markets; (b) Cash Management Treasury Bills, which are issued on an ad-hoc basis as a contingency cash management tool to manage the Government's short-term cashflow mismatches; and (c) Singapore Savings Bonds, which are issued to provide individual investors with a long-term savings option.

-  Non-publicly held domestic debt instruments comprising: (a) Special Singapore Government Securities, which are primarily issued to meet the investment needs of the Central Provident Fund; and (b) Reserves Management Government Securities, which are only issued to the MAS to facilitate existing practice of transferring Official Foreign Reserves above what MAS requires to the Government for longer-term investment.

The second category is issued under the Significant Infrastructure Government Loan Act 2021 (SINGA) for spending purposes. These comprise Singapore Government Securities (Infrastructure) and Green Singapore Government Securities (Infrastructure), which are publicly held. Borrowing proceeds from Singapore Government Securities (Infrastructure) are used to finance spending on nationally significant infrastructure. Borrowing proceeds from Green Singapore Government Securities (Infrastructure) are used to finance nationally significant infrastructure that qualify as eligible green expenditures under the Singapore Green Bond Framework.

 

Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Finance and Insurance            
Money Supply (M1) 3/ 4/ S$m Dec-23 261,024.8 2.1 264,649.4 1.7
Money Supply (M2) 3/ 4/ S$m Dec-23 781,247.9 4.7 780,359.8 5.3
Singapore Overnight Rate Average % p.a Jan-24 3.48
-0.38
3.62
1.09
3-month S$ SIBOR % p.a Jan-24 4.06 -0.19 4.06 -0.19
12-week MAS Bill Rate % p.a Jan-24 3.97
-0.17
4.05 -0.39
5-year Govt Bond Interest Rate % p.a Jan-24 2.83
-0.02
2.68
-0.15
Exchange Rate S$ per US$ (as at end-month) S$ per US$ Jan-24 1.3409 2.0 1.3186 -1.9
Official Foreign Reserves at end of year S$m 2023 463,044.3 19.3 388,256.1 -31.1
Exchange Rate S$ per US$ (as at end of period) S$ per US$ 2023 1.3186 -1.9 1.3446 -0.5
Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Commercial Banks





Local 5/ 6/ Number 2023 6 na 4 na
Foreign 5/ Number 2023 126 na 127 na

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Data have been revised from Jul 2021 following changes to the MAS Notice 610.
4 Data prior to Jul 2021 on a comparable basis with the Jul 2021 data are not available.
5 At end of period.
6 All local banks are full banks.

Items Unit Latest Period Latest Data % Change
(Y‑o‑Y) 1/
Previous
Period Data
% Change
(Y‑o‑Y) 2/
Balance of Payments            
Balance of Payments S$m 4Q 2023 13,193.4 na 12,225.2 na
Current Account Balance S$m 4Q 2023 34,411.4 na 33,959.0 na

Exports of Goods and Services

S$m 4Q 2023 305,754.7 -0.1 294,905.3 -12.0

Imports of Goods and Services

S$m 4Q 2023 239,089.3 -2.4 231,051.5 -13.0

Primary Income Balance

S$m 4Q 2023 -30,668.0 na -27,707.1 na

Secondary Income Balance

S$m 4Q 2023 -1,586.0 na -2,187.7 na
Capital and Financial Account Balance 3/ S$m 4Q 2023 19,902.6 na 22,597.8 na
Reserve Assets S$m 4Q 2023 13,193.4 na 12,225.2 na
Official Foreign Reserves US$m Jan-24 357,792.7 22.7 351,030.5 21.3

Data are preliminary when first released.
na not available or not applicable
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Decrease in assets and liabilities, and net inflows in net balances, are indicated by a minus [-] sign).

Items Unit Latest Period Latest Data % Change
(Y‑o‑Y)  1/
Previous
Period Data
% Change
(Y‑o‑Y)  2/
Direct Investment Abroad            
Singapore's Direct Investment Abroad S$m 2022 1,384,953.5 4.8 1,320,963.1 11.3

Data are preliminary when first released.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Items Unit Latest Period Latest Data % Change
(Y‑o‑Y)  1/
Previous
Period Data
% Change
(Y‑o‑Y)  2/
Foreign Direct Investment            
Foreign Direct Investment in Singapore S$m 2022 2,618,994.2 5.0 2,493,576.0 16.0

Data are preliminary when first released.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Items Unit Latest Period Latest Data % Change
(Y‑o‑Y) 1/
Previous
Period Data
% Change
(Y‑o‑Y) 2/
Investment Commitments            
Investment Commitments in Manufacturing & Services (Fixed Assets Investments) S$m 2023 12,659.6 na 22,489.8 na
Foreign Investments S$m 2023 11,382.6 na 20,515.3 na

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Items Unit Latest Period Latest Data % Change
(Y‑o‑Y) 1/
Previous
Period Data
% Change
(Y‑o‑Y) 2/
Trade in Services            
Singapore's Total Trade in Services S$b 2022 758.1 10.8 684.3 16.5
Singapore's Export of Services S$b 2022 401.5 12.1 358.1 21.2
Singapore's Import of Services S$b
2022 356.5 9.3 326.2 11.6

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Items Legend Latest Period Latest Data % Change
(Y‑o‑Y) 1/
Previous
Period Data
% Change
(Y‑o‑Y) 2/
Corporate Sector            
Total Assets S$b 2021 12,003.5 10.2 10,890.8 8.8
Total Equity S$b 2021 4,784.5 12.1 4,268.6 12.6

Data are preliminary when first released.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Items Unit Latest Period Latest Data % Change
(Y-o-Y) 1/
Previous
Period Data
% Change
(Y-o-Y) 2/
Population and Population Structure
(Mid-Year Estimates)
           
Total Population 3/ '000 2023 5,917.6 5.0 5,637.0 3.4
Singapore Residents 3/ '000 2023 4,149.3 1.9 4,073.2 2.2
Singapore Citizens '000 2023 3,610.7 1.6 3,553.7 1.6
Singapore Permanent Residents '000 2023 538.6 3.7 519.5 6.3
Population Density Per Sq Km 2023 8,058 na 7,688 na
Items Unit Latest Period Latest Data % Change
(Y-o-Y) 1/
Previous
Period Data
% Change
(Y-o-Y) 2/
Age Structure 4/            
Below 20 years '000 2023 791.3 0.3 788.6 0.8
20-64 Years '000 2023 2,640.1 1.3 2,606.5 1.6
65 years & Over '000 2023 717.8 5.9 678.1 6.1
Median Age 4/ Years
2023 42.4 na 42.1 na
Old Age Support Ratio 4/ Number of Residents Aged 20-64
per Resident Aged 65 Years & Over
2023 3.7 na 3.8 na
Sex Ratio 4/  Males per 1,000 Females 2023 950 na 955 na

na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Total population comprises Singapore residents and non-residents. The resident population comprises Singapore citizens and permanent residents
4 Refers to the resident population.

Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Environment            
Land Area 
(As At June)
Sq Km 2023 734.4 0.2 733.2 0.6
Land Area 
(As At December)
Sq Km 2023 735.2 0.1 734.3 0.2

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Items Unit Latest Period Latest Data % Change
(Y‑o‑Y)  1/
Previous
Period Data
% Change
(Y‑o‑Y)  2/
Birth and Fertility            
Total Live-Births Number 2022 35,605 -7.9 38,672 0.2
Resident Live-Births Number 2022 32,290 -5.5 34,183 -0.1
Resident Crude Birth Rate Per 1,000
Residents
2022 7.9 na 8.6 na
Resident Total Fertility Rate Per Female 2022 1.04 na 1.12 na

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Death and Life Expectancy            
Total Deaths Number 2022 26,891 10.7 24,292 10.1
Resident Deaths Number 2022 25,586 10.0 23,270 10.9
Crude Death Rate 3/

Per 1,000
Residents

2022 6.3 na 5.8 na
Age-Standardised Death Rate 3/ 4/

Per 1,000
Residents

2022 5.9 na 5.6 na
Infant Mortality Rate 3/

Per 1,000
Live-births

2022 1.8  na 1.8 na
Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Life Expectancy at Birth 3/ 5/ Years 2022 83.0 na 83.2 na
Males Years 2022 80.7 na 80.8 na
Females Years 2022 85.2 na 85.5 na
Life Expectancy at Age 65 3/ 5/ Years 2022 20.7 na 20.9 na
Males Years 2022 19.0 na 19.1 na
Females Years 2022 22.3  na 22.6 na

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Refers to the resident population (i.e. Singapore citizens and permanent residents).
4 The Singapore resident population as at June 2020 is used as the standard population which is chosen to fix the age structure to eliminate its effect on mortality trends.
5 Life expectancy in 2020-2022 have been affected by higher mortality rates due to the COVID-19 pandemic. They may not be representative of the number of years individuals can expect to live, if mortality rates were to return to pre-pandemic levels.

 

Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Marital Status, Marriages and Divorces            
 Marital Status (among residents aged 15 years over)            

 Single

% 2023 29.7  na 28.6 na

 Married

 % 2023 61.2  na 61.8 na

 Widowed

 % 2023 4.7  na 4.9 na

 Divorced/Separated

 % 2023 4.3  na 4.7 na
 Number of Marriages Number 2022  29,389 3.7 28,329 25.1
 Number of Divorces & Annulments Number 2022 7,107 -9.9 7,890 13.4
General Marriage Rate 3/





Males Per 1,000 Unmarried Resident
Males Aged 15-49 Years
2022 47.0 na 45.3 na
Females Per 1,000 Unmarried Resident
Females Aged 15-49 Years
2022 45.5 na 44.2 na
General Divorce Rate 3/            
Males Per 1,000 Married Resident
Males Aged 20 Years & Over
2022 6.2 na 7.2  na
Females Per 1,000 Married Resident
Females Aged 20 Years & Over
2022 5.9 na 6.9  na

na not available or not applicable
1. Refers to % change in latest period over the same period in the previous year.
2. Refers to % change in the previous period over the same period in the previous year.
3. Refers to the resident population.

Item Unit Latest Period Latest Data % Change
(Y‑o‑Y) 1/
Previous
Period Data
% Change
(Y‑o‑Y) 2/
Education, Language Spoken and Literacy 3/            

% with Post-Secondary Qualifications (among residents aged 25 years & over) 4/

% 2023 63.1 na 63.1 na
Males % 2023 66.3 na 66.4 na
Females % 2023 60.3 na 60.1 na
Item Unit Latest Period Latest Data % Change
(Y‑o‑Y) 1/
Previous
Period Data
% Change
(Y‑o‑Y) 2/

Mean Years of Schooling (among residents aged 25 years & over) 4/

Years
2023  11.7  na 11.7  na
Males Years
2023  12.0  na 12.1  na
Females Years
2023  11.4  na 11.3  na
Annual Output - University Graduates 5/ Number  2022 20,807 5.3 19,761 -0.3
Annual Output - Polytechnic Graduates 6/ Number
2022 23,577 -7.3 25,433 2.5

na not available or not applicable
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Refers to the resident population.
4 Refers to residents who were not attending educational institutions as full-time students and include those who were upgrading their qualifications through part-time courses.
5 Refers to graduates from university first degree courses from National University of Singapore (NUS), Nanyang Technological University (NTU), Singapore Management University (SMU), Singapore Institute of Technology (SIT) and Singapore University of Technology and Design (SUTD).
6 Refers to graduates from polytechnic diploma courses from Singapore Polytechnic, Ngee Ann Polytechnic, Temasek Polytechnic, Nanyang Polytechnic, Republic Polytechnic, and National Institute of Early Childhood Development.

Items Unit Latest Period Latest Data % Change
(Y?o?Y)  1/
Previous
Period Data
% Change
(Y?o?Y)  2/
Health            
Doctors Per 10,000 Population 2022 28 na 28 na

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Items Unit Latest Period Latest Data % Change
(Y‑o‑Y)  1/
Previous
Period Data
% Change
(Y‑o‑Y)  2/
Public Safety            
Physical Crime Rate 3/ Per 100,000 Population 2022 358 na na na
Scams & Cybercrimes Rate Per 100,000 Population 2022 597 na na na

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 With effect from year 2022, crime statistics from Singapore Police Force are reported under the categories 'Physical Crimes' and 'Scams & Cybercrimes', instead of 'Overall Crime'.
Due to change in crime reporting from year 2023, crime statistics are not comparable to the data prior to year 2022. Thus, percentage change with previous years are not applicable.

Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Households            
Number of Resident Households3/ '000 2023 1,425.1 1.8 1,399.6 0.6
Average Household Size of Resident Households 4/ Persons 2023 3.11 na 3.09 na
Proportion of Owner-Occupied Resident Households 5/ % 2023 89.7 na 89.3 na
Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Resident Households by Type of Dwelling





Total 6/ % 2023 100.0 na 100.0 na
Total HDB Dwellings % 2023 77.8 na 77.9 na
HDB 1- & 2-Room Flats 7/ % 2023 7.0 na 6.7 na
HDB 3-Room Flats % 2023 17.0 na 17.2 na
HDB 4-Room Flats % 2023 31.3 na 31.4 na
HDB 5-Room & Executive Flats % 2023 22.4 na 22.6 na
Condominiums & Other Apartments % 2023 17.2 na 17.0 na
Landed Properties % 2023 4.8 na 4.9 na

na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Refers to households where the household reference person is a Singapore citizen or permanent resident.
4 Household size refers to the total number of members in the household, including domestic workers.
5 Refers to the proportion of households where the household reference person and/or any other member(s) in the household owns the dwelling unit.
6 'Total' includes other types of dwelling not shown, e.g. non-HDB shophouses etc.
7 Includes HDB studio apartments.