Singapore 2015 GDP Outlook

by Eduardo Petazze
26/05/15
In the first quarter of 2015, Singapore's economy grew 2.59% YoY (+0.79% QoQ), from +2.15% YoY (+1.21% QoQ) in the 4Q2014
2015 growth of 2.64% is estimated, from 2.94% in 2014. The official projection is located in the range of 2.0% to 4.0%.
With this projection is estimated that the per capita GDP, measured in current US dollars, will decrease by about US$ 2,260 to US$ 53,920 level

Links:
1Q2015 press release pdf, 4 pages
Statistical Tables

Real GDP - Original data

2012
354,061.3
92,170.1
70,342.3
16,654.6
5,047.7
125.5
232,039.4
63,452.8
28,055.6
6,821.8
12,943.2
37,602.3
48,233.0
34,930.7
11,955.2
336,164.7
17,896.6
354,061.3
123,145.2
31,958.0
96,172.3
11,365.0
90,663.3
691,601.2
600,937.9
757.5
Latest data
Own estimate
2012
3.41%
2.17%
0.32%
10.82%
2.03%
3.80%
4.03%
1.84%
4.93%
3.43%
6.47%
4.35%
6.70%
2.68%
2.64%
3.46%
2.56%
3.41%
3.44%
-0.85%
8.55%
-6.92%
1.68%
3.12%
Latest data
Own estimate

2013
369,793.0
94,502.4
71,517.4
17,699.4
5,161.3
124.3
246,298.1
67,730.0
29,029.6
7,049.0
13,921.2
42,205.0
50,596.9
35,766.4
12,252.7
353,053.2
16,739.8
369,793.0
127,516.9
35,624.7
97,276.6
9,546.4
98,807.5
722,762.2
623,954.7
1,020.9

2014
380,585.0
97,012.2
73,392.1
18,223.0
5,270.8
126.3
254,102.5
68,891.3
29,519.2
7,126.6
14,420.0
45,454.9
52,060.1
36,630.4
12,775.5
363,890.2
16,694.8
380,585.0
130,688.2
35,643.6
95,419.4
8,892.1
105,115.6
737,893.9
632,778.3
4,826.1

2015
390,651.1
96,680.4
72,314.3
18,896.5
5,345.5
124.1
263,298.3
71,512.3
30,092.9
7,126.2
14,998.2
48,649.6
53,564.8
37,354.3
13,313.2
373,291.9
17,359.2
390,651.1
134,359.4
36,470.8
96,615.0
-12,260.0
131,571.4
770,446.5
638,875.1
3,894.5

NSA, 2010 prices Million S$

Gross Domestic Product
Goods Producing Industries
Manufacturing
Construction
Utilities
Other Goods Industries
Services Producing Industries
Wholesale & Retail Trade
Transportation & Storage
Accommodation & Food Services
Information & Communications
Finance & Insurance
Business Services
Other Services Industries
Ownership Of Dwellings
Gross Value Added
Add: Taxes On Products
Expenditure On GDP
Private Consumption Expenditure
Government Consumption Expenditure
Gross Fixed Capital Formation
Changes In Inventories
Net Exports Of Goods And Services
Exports Of Goods And Services
Imports Of Goods And Services
Statistical Discrepancy

2014Q1
2014Q2
2014Q3
2014Q4
2015Q1
2015Q2
2015Q3
2015Q4
93,379.9 94,808.7 95,333.6 97,062.8 95,802.2 97,669.0 98,033.6 99,146.3
23,844.7 24,290.4 24,348.6 24,528.5 23,506.1 24,395.9 24,402.8 24,375.6
18,017.6 18,512.0 18,380.3 18,482.2 17,522.6 18,419.4 18,236.5 18,135.8
4,537.6
4,418.0
4,576.8
4,690.6
4,680.1
4,597.0
4,759.1
4,860.3
1,258.3
1,330.1
1,357.4
1,325.0
1,273.0
1,349.5
1,374.7
1,348.3
31.2
30.3
34.1
30.7
30.4
30.0
32.5
31.2
62,274.5 63,145.5 63,588.3 65,094.2 64,618.0 65,608.3 65,989.5 67,082.5
16,940.7 17,130.8 17,138.9 17,680.9 17,628.2 17,815.3 17,765.6 18,303.2
7,202.4
7,421.4
7,468.8
7,426.6
7,308.0
7,586.1
7,618.4
7,580.4
1,767.7
1,757.3
1,792.8
1,808.8
1,761.2
1,761.7
1,791.6
1,811.7
3,509.9
3,623.0
3,661.9
3,625.2
3,671.3
3,771.4
3,796.4
3,759.1
10,924.9 11,066.6 11,279.2 12,184.2 11,784.7 11,972.6 12,170.3 12,722.0
12,803.5 12,990.5 13,030.0 13,236.1 13,159.7 13,389.8 13,442.2 13,573.1
9,125.4
9,155.9
9,216.7
9,132.4
9,304.9
9,311.4
9,405.0
9,333.0
3,143.2
3,179.6
3,227.4
3,225.3
3,282.0
3,310.3
3,350.3
3,370.6
89,262.4 90,615.5 91,164.3 92,848.0 91,406.1 93,314.5 93,742.6 94,828.7
4,117.5
4,193.2
4,169.3
4,214.8
4,396.1
4,354.5
4,291.0
4,317.6
93,379.9 94,808.7 95,333.6 97,062.8 95,802.2 97,669.0 98,033.6 99,146.3
32,416.3 32,689.5 32,036.1 33,546.3 33,336.1 33,555.0 33,022.2 34,446.1
10,562.3
7,484.2
8,400.8
9,196.3 11,059.4
7,121.5
8,911.9
9,378.0
23,306.7 22,909.6 24,057.7 25,145.4 23,912.7 23,619.1 24,141.5 24,941.7
2,142.1
4,739.1
583.4
1,427.5 -6,586.6 -2,874.9 -1,136.1 -1,662.4
23,758.9 26,143.2 29,401.1 25,812.4 32,253.0 32,319.6 34,546.6 32,452.2
179,721.2 186,507.3 185,896.3 185,769.1 188,101.3 194,675.0 194,865.6 192,804.6
155,962.3 160,364.1 156,495.2 159,956.7 155,848.3 162,355.4 160,319.0 160,352.4
1,193.6
843.1
854.5
1,934.9
1,827.6
3,928.7 -1,452.5
-409.3

2013
4.44%
2.53%
1.67%
6.27%
2.25%
-0.96%
6.14%
6.74%
3.47%
3.33%
7.56%
12.24%
4.90%
2.39%
2.49%
5.02%
-6.46%
4.44%
3.55%
11.47%
1.15%
8.98%
4.51%
3.83%

2014
2.92%
2.66%
2.62%
2.96%
2.12%
1.61%
3.17%
1.71%
1.69%
1.10%
3.58%
7.70%
2.89%
2.42%
4.27%
3.07%
-0.27%
2.92%
2.49%
0.05%
-1.91%
6.38%
2.09%
1.41%

2015
2.64%
-0.34%
-1.47%
3.70%
1.42%
-1.74%
3.62%
3.80%
1.94%
-0.01%
4.01%
7.03%
2.89%
1.98%
4.21%
2.58%
3.98%
2.64%
2.81%
2.32%
1.25%
25.17%
4.41%
0.96%

YoY
Gross Domestic Product
Goods Producing Industries
Manufacturing
Construction
Utilities
Other Goods Industries
Services Producing Industries
Wholesale & Retail Trade
Transportation & Storage
Accommodation & Food Services
Information & Communications
Finance & Insurance
Business Services
Other Services Industries
Ownership Of Dwellings
Gross Value Added
Add: Taxes On Products
Expenditure On GDP
Private Consumption Expenditure
Government Consumption Expenditure
Gross Fixed Capital Formation
Net Exports Of Goods And Services
Exports Of Goods And Services
Imports Of Goods And Services

2014Q1
2014Q2
2014Q3
2014Q4
2015Q1
2015Q2
2015Q3
2015Q4
4.60%
2.26%
2.75%
2.15%
2.59%
3.02%
2.83%
2.15%
8.76%
1.68%
1.59%
-0.79%
-1.42%
0.43%
0.22%
-0.62%
9.58%
1.34%
1.67%
-1.32%
-2.75%
-0.50%
-0.78%
-1.87%
7.42%
2.96%
1.10%
0.72%
3.14%
4.05%
3.98%
3.62%
2.49%
2.30%
2.19%
1.52%
1.17%
1.46%
1.27%
1.76%
1.96%
2.71%
2.71%
-0.97%
-2.56%
-0.99%
-4.69%
1.63%
3.68%
2.59%
3.27%
3.15%
3.76%
3.90%
3.78%
3.05%
2.65%
1.58%
2.08%
0.62%
4.06%
4.00%
3.66%
3.52%
5.38%
1.97%
0.14%
-0.42%
1.47%
2.22%
2.00%
2.07%
2.01%
0.13%
0.95%
1.33%
-0.37%
0.25%
-0.07%
0.16%
2.75%
3.19%
4.00%
4.37%
4.60%
4.10%
3.67%
3.69%
5.36%
5.09%
9.94%
10.31%
7.87%
8.19%
7.90%
4.41%
3.85%
2.24%
2.56%
2.94%
2.78%
3.07%
3.16%
2.55%
2.79%
2.80%
1.65%
2.44%
1.97%
1.70%
2.04%
2.20%
3.58%
4.20%
5.10%
4.18%
4.42%
4.11%
3.81%
4.51%
4.99%
2.40%
2.88%
2.11%
2.40%
2.98%
2.83%
2.13%
-3.15%
-0.79%
0.12%
2.87%
6.77%
3.85%
2.92%
2.44%
4.60%
2.26%
2.75%
2.15%
2.59%
3.02%
2.83%
2.15%
2.81%
3.05%
1.89%
2.21%
2.84%
2.65%
3.08%
2.68%
-9.83%
13.57%
-0.19%
3.29%
4.71%
-4.85%
6.08%
1.98%
-0.72%
-2.40%
-5.57%
1.19%
2.60%
3.10%
0.35%
-0.81%
12.94%
2.19%
13.23%
-1.57%
35.75%
23.63%
17.50%
25.72%
6.93%
2.00%
-0.33%
0.24%
4.66%
4.38%
4.82%
3.79%
6.07%
1.97%
-2.52%
0.54%
-0.07%
1.24%
2.44%
0.25%

Real GDP - seasonally adjusted data

SA, 2010 prices Million S$
Gross Domestic Product
Goods Producing Industries
Manufacturing
Construction
Utilities
Other Goods Industries
Services Producing Industries
Wholesale & Retail Trade
Transportation & Storage
Accommodation & Food Services
Information & Communications
Finance & Insurance
Business Services
Other Services Industries
Ownership Of Dwellings
Gross Value Added
Add: Taxes On Products
Expenditure On GDP
Private Consumption Expenditure
Government Consumption Expenditure
Gross Fixed Capital Formation
Changes In Inventories
Net Exports Of Goods And Services
Exports Of Goods And Services
Imports Of Goods And Services
Statistical Discrepancy
Latest data
Own estimate
QoQ
Gross Domestic Product
Goods Producing Industries
Manufacturing
Construction
Utilities
Other Goods Industries
Services Producing Industries
Wholesale & Retail Trade
Transportation & Storage
Accommodation & Food Services
Information & Communications
Finance & Insurance
Business Services
Other Services Industries
Ownership Of Dwellings
Gross Value Added
Add: Taxes On Products
Expenditure On GDP
Private Consumption Expenditure
Government Consumption Expenditure
Gross Fixed Capital Formation
Net Exports Of Goods And Services
Exports Of Goods And Services
Imports Of Goods And Services
Latest data
Own estimate

2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
2015Q1
2015Q2
2015Q3
2015Q4
90,496.1 92,450.2 92,569.7 94,231.5 94,658.8 94,531.1 95,142.0 96,289.0 97,051.1 97,412.9 97,821.7 98,365.4
22,640.9 23,734.5 23,800.3 24,290.4 24,611.3 24,130.2 24,192.4 24,100.1 24,245.8 24,251.6 24,232.2 23,950.8
17,074.3 18,010.3 17,975.6 18,421.6 18,700.5 18,248.9 18,288.1 18,173.6 18,181.9 18,163.2 18,130.3 17,838.9
4,260.0
4,410.9
4,493.8
4,534.1
4,572.1
4,537.4
4,545.6
4,570.6
4,711.4
4,725.5
4,726.4
4,733.2
1,276.1
1,283.3
1,298.1
1,303.7
1,307.6
1,312.9
1,325.3
1,325.1
1,322.2
1,332.3
1,343.5
1,347.5
30.5
30.0
32.8
31.0
31.1
31.0
33.4
30.8
30.3
30.5
32.0
31.2
60,529.1 61,472.7 61,528.5 62,756.9 62,756.7 63,052.2 63,548.6 64,756.9 65,102.1 65,525.2 65,941.0 66,730.0
16,793.0 16,897.5 16,883.5 17,158.0 17,213.2 17,169.4 17,248.8 17,272.7 17,889.2 17,860.0 17,875.0 17,888.0
7,011.4
7,213.8
7,383.1
7,409.7
7,393.6
7,363.7
7,377.2
7,383.4
7,504.9
7,521.6
7,535.7
7,530.7
1,731.8
1,768.9
1,775.5
1,772.1
1,767.8
1,771.2
1,790.9
1,796.1
1,761.8
1,775.5
1,790.4
1,798.6
3,418.1
3,469.2
3,501.2
3,531.1
3,518.6
3,576.9
3,639.0
3,684.5
3,684.0
3,723.4
3,772.1
3,818.6
10,369.0 10,530.3 10,259.8 11,045.9 10,924.9 11,066.6 11,279.2 12,184.2 11,784.7 11,972.6 12,170.3 12,721.9
12,416.6 12,668.8 12,671.8 12,839.1 12,896.2 12,937.7 13,018.3 13,207.2 13,253.7 13,347.4 13,413.9 13,549.7
8,789.2
8,924.2
9,053.6
9,001.0
9,042.4
9,166.7
9,195.2
9,228.8
9,223.8
9,324.7
9,383.5
9,422.3
3,034.6
3,051.3
3,070.9
3,095.9
3,143.2
3,179.6
3,227.4
3,225.3
3,282.0
3,310.3
3,350.3
3,370.6
86,204.6 88,258.5 88,399.7 90,143.2 90,511.2 90,362.0 90,968.4 92,082.3 92,629.9 93,087.1 93,523.5 94,051.4
4,291.5
4,191.7
4,170.0
4,088.3
4,147.6
4,169.1
4,173.6
4,206.7
4,421.2
4,325.8
4,298.2
4,314.0
90,496.1 92,450.2 92,569.7 94,231.5 94,658.8 94,531.1 95,142.0 96,289.0 97,051.1 97,412.9 97,821.7 98,365.4
31,555.0 31,725.0 32,034.5 32,209.9 32,435.8 32,679.4 32,637.3 32,944.7 33,338.1 33,558.7 33,645.9 33,816.6
9,079.3
8,852.0
8,737.8
8,870.1
8,228.6
9,947.6
8,753.7
9,160.1
8,621.4
9,431.8
9,172.7
9,244.9
24,340.5 23,757.3 25,202.5 24,000.1 24,035.7 23,210.7 23,818.1 24,332.2 24,614.9 23,951.0 23,913.9 24,135.2
2,769.5
1,178.4
2,378.4
3,160.8
2,870.1
2,227.0
1,504.9
2,236.3 -5,855.1 -1,299.3 -2,543.4 -2,562.2
21,967.2 26,230.5 24,669.2 25,833.0 24,862.2 26,658.3 28,061.1 25,484.4 33,730.0 32,800.6 33,041.9 31,998.8
172,527.1 181,511.3 183,620.5 184,837.0 184,509.2 184,951.9 183,277.3 185,102.7 193,301.1 193,144.2 191,819.2 192,182.0
150,559.9 155,280.8 158,951.3 159,004.0 159,647.0 158,293.6 155,216.2 159,618.3 159,571.1 160,343.6 158,777.3 160,183.1
784.6
707.0
-452.7
157.6
2,226.4
-191.9
366.9
2,131.3
2,601.8 -1,029.9
590.7
1,732.0

2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
2015Q1
2015Q2
2015Q3
2015Q4
1.23%
2.16%
0.13%
1.80%
0.45%
-0.13%
0.65%
1.21%
0.79%
0.37%
0.42%
0.56%
-0.57%
4.83%
0.28%
2.06%
1.32%
-1.95%
0.26%
-0.38%
0.60%
0.02%
-0.08%
-1.16%
-0.78%
5.48%
-0.19%
2.48%
1.51%
-2.41%
0.21%
-0.63%
0.05%
-0.10%
-0.18%
-1.61%
-0.17%
3.54%
1.88%
0.90%
0.84%
-0.76%
0.18%
0.55%
3.08%
0.30%
0.02%
0.14%
0.90%
0.56%
1.15%
0.43%
0.30%
0.41%
0.94%
-0.02%
-0.22%
0.76%
0.84%
0.30%
-1.93%
-1.64%
9.33%
-5.49%
0.32%
-0.32%
7.74%
-7.78%
-1.62%
0.78%
4.87%
-2.44%
2.44%
1.56%
0.09%
2.00%
-0.00%
0.47%
0.79%
1.90%
0.53%
0.65%
0.63%
1.20%
3.29%
0.62%
-0.08%
1.63%
0.32%
-0.25%
0.46%
0.14%
3.57%
-0.16%
0.08%
0.07%
-0.37%
2.89%
2.35%
0.36%
-0.22%
-0.40%
0.18%
0.08%
1.65%
0.22%
0.19%
-0.07%
0.20%
2.14%
0.37%
-0.19%
-0.24%
0.19%
1.11%
0.29%
-1.91%
0.78%
0.84%
0.46%
4.18%
1.49%
0.92%
0.85%
-0.35%
1.66%
1.74%
1.25%
-0.01%
1.07%
1.31%
1.24%
5.89%
1.56%
-2.57%
7.66%
-1.10%
1.30%
1.92%
8.02%
-3.28%
1.59%
1.65%
4.53%
1.86%
2.03%
0.02%
1.32%
0.44%
0.32%
0.62%
1.45%
0.35%
0.71%
0.50%
1.01%
-0.14%
1.54%
1.45%
-0.58%
0.46%
1.37%
0.31%
0.37%
-0.05%
1.09%
0.63%
0.41%
0.79%
0.55%
0.64%
0.81%
1.53%
1.16%
1.50%
-0.07%
1.76%
0.86%
1.21%
0.60%
1.57%
2.38%
0.16%
1.97%
0.41%
-0.16%
0.67%
1.22%
0.59%
0.49%
0.47%
0.56%
-5.09%
-2.33%
-0.52%
-1.96%
1.45%
0.52%
0.11%
0.79%
5.10%
-2.16%
-0.64%
0.37%
1.23%
2.16%
0.13%
1.80%
0.45%
-0.13%
0.65%
1.21%
0.79%
0.37%
0.42%
0.56%
1.25%
0.54%
0.98%
0.55%
0.70%
0.75%
-0.13%
0.94%
1.19%
0.66%
0.26%
0.51%
18.49%
-2.50%
-1.29%
1.51%
-7.23%
20.89% -12.00%
4.64%
-5.88%
9.40%
-2.75%
0.79%
0.49%
-2.40%
6.08%
-4.77%
0.15%
-3.43%
2.62%
2.16%
1.16%
-2.70%
-0.16%
0.93%
5.10%
19.41%
-5.95%
4.72%
-3.76%
7.22%
5.26%
-9.18%
32.36%
-2.76%
0.74%
-3.16%
-0.78%
5.21%
1.16%
0.66%
-0.18%
0.24%
-0.91%
1.00%
4.43%
-0.08%
-0.69%
0.19%
-1.59%
3.14%
2.36%
0.03%
0.40%
-0.85%
-1.94%
2.84%
-0.03%
0.48%
-0.98%
0.89%