Singapore’s economic indicators


The Singapore dollar is a fairly minor currency. There may not be many people doing business. However, it is a stable currency because it adopts a currency basket-based managed floating exchange rate system and fluctuations in major currencies such as the US dollar and the euro are considerably suppressed. Singapore, which maintains a strong one-party dictatorship, has a stable political situation and can trade with confidence. I have compiled a list of economic indicators for the Singapore dollar. You only need to be aware of the ones that are of high importance.


Consumer Price Index (Importance: Medium)

The consumer price index measures price fluctuations over time, including the prices of services. It is an exponential value that shows how prices change due to price fluctuations.

Unemployment rate (importance: high)

The ratio of the unemployed to the labor force. The number of the unemployed population divided by the labor force. It is the ratio of the unemployed to the labor force. This index greatly moves the market price.

Gross Domestic Product (GDP) (Importance: High)

Gross domestic product is an index showing the total added value of goods and services produced in Japan within a certain period of time. It can be said to be the total amount of money people spend on purchasing goods and services, and it is a measure of the economic power of the country (national income). This index greatly moves the market price.