Nominal Total Credit to General Government, Adjusted for Breaks, for Singapore
Billions of Singapore Dollars
QSGGANXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,265.77
Year-over-Year Change
62.70%
Date Range
1/1/1990 - 10/1/2024
Summary
The 'Billions of Singapore Dollars' series measures the total value of Singapore's gross national income (GNI) in billions of Singapore dollars. This key economic indicator provides insight into the overall size and performance of the Singaporean 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
Singapore's GNI is the total value of income earned by Singaporean residents and businesses, both domestically and abroad. This metric is widely used by economists and policymakers to assess the country's economic strength, living standards, and international competitiveness.
Methodology
The data is collected and calculated by the Singapore Department of Statistics using national accounting principles.
Historical Context
The 'Billions of Singapore Dollars' trend is an important reference point for analyzing Singapore's macroeconomic policies and trade relationships.
Key Facts
- Singapore has one of the highest GNIs per capita globally.
- The services sector accounts for over 60% of Singapore's GNI.
- Singapore's GNI has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Singapore Dollars' series measures the total value of Singapore's gross national income (GNI) in billions of Singapore dollars.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall size and performance of the Singaporean economy, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Singapore Department of Statistics using national accounting principles.
Q: How is this trend used in economic policy?
A: The 'Billions of Singapore Dollars' trend is an important reference point for analyzing Singapore's macroeconomic policies and trade relationships.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Billions of Singapore Dollars (QSGGANXDCA), retrieved from FRED.