Pension Fund Assets to GDP for Singapore
DDDI13SGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.16
Year-over-Year Change
168.35%
Date Range
1/1/2006 - 1/1/2020
Summary
The 'Pension Fund Assets to GDP for Singapore' metric measures the value of pension fund assets as a percentage of the country's gross domestic product. This indicator provides insight into the size and significance of Singapore's pension system relative to its overall economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend represents the total assets held by Singapore's pension funds, including both public and private pension schemes, divided by the country's GDP. It is a key measure of the scale and importance of the pension system within the broader Singaporean economy.
Methodology
The data is collected and calculated by the World Bank based on official government and regulatory sources.
Historical Context
Analysts and policymakers use this metric to assess the development and maturity of Singapore's retirement savings and social security frameworks.
Key Facts
- Singapore's pension fund assets were 84.4% of GDP in 2020.
- The pension system in Singapore is mandatory for both employers and employees.
- Singapore has one of the highest pension fund asset-to-GDP ratios globally.
FAQs
Q: What does this economic trend measure?
A: The 'Pension Fund Assets to GDP for Singapore' metric measures the total value of pension fund assets in Singapore as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the scale and significance of Singapore's pension system relative to its overall economy, which is relevant for analysts and policymakers assessing the development and maturity of the country's retirement savings frameworks.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official government and regulatory sources.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the development and maturity of Singapore's retirement savings and social security frameworks.
Q: Are there update delays or limitations?
A: The World Bank publishes this data with occasional delays, and the metric may not capture all private pension schemes in Singapore.
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Citation
U.S. Federal Reserve, Pension Fund Assets to GDP for Singapore (DDDI13SGA156NWDB), retrieved from FRED.