MAIN INDICATORS OF
THE SINGAPORE ECONOMY
70.1%
BREAKDOWN OF SERVICES PRODUCING INDUSTRIES
16.8%
Wholesale
Trade
15.7%
Finance &
Insurance
0.4%
Accommodation
Services Producing
Industries
4.3%
Ownership
of Dwellings
25.6%
Goods Producing
Industries
21.5%
Manufacturing
2.7%
Construction
Information &
Communications
5.1%
10.8%
Other Services
Industries
STRUCTURE OF THE ECONOMY IN 2020
(% OF NOMINAL VA)
1.0%
Food & Beverage
Services
3.0%
Real
Estate
5.9%
Professional
Services
5.4%
Transportation
& Storage
4.5%
Administrative &
Support Services
1.4%
Retail
Trade
2019 2020
-1.3%
Overall
Unemployment Rate
2019 2020
2.3% 3.0%
+1.3%
2019 2020
3,784.3
thousand 3,597.7
thousand
Employment
(as at year end)
Value-Added per
Actual Hour Worked
(Year-on-Year Growth)
LABOUR MARKET
2019 2020
2019 2020
2019 2020
Unit Labour Cost of
Overall Economy
(Year-on-Year Growth)
Unit Business Cost
of Manufacturing
(Year-on-Year Growth)
Unit Labour Cost
of Manufacturing
(Year-on-Year Growth)
+2.3% -9.1%
-4.7% -14.4%
+4.9% -22.8%
COST
2019 2020
2019 2020
2019 2020
Consumer Price Index
– All Items
(Year-on-Year Growth)
Domestic Supply
Price Index
(Year-on-Year Growth)
Singapore Manufactured
Products Price Index
(Year-on-Year Growth)
-3.2% -8.7%
+0.6% -0.2%
-3.3% -6.9%
PRICES
$510.7 billion
2019
2020
$469.1 billion
GDP
at Current
Market Price
2019
+1.3%
2020
-5.4%
(Year-on-Year-Growth)
Real GDP
2019
$78,847
2020
$72,418
Per Capita
GNI
OVERALL ECONOMY
02
