MF Staff Country Report Singapore: Selected Issues
you are currently viewing::MF Staff Country Report Singapore: Selected IssuesJuly 20, 2026-Private consumption ratios differ markedly across advanced economies, with Singapore recording one of the lowest of its peer group. Using a sample of 31 advanced economies and a rich set of potential drivers, the analysis finds that slow-moving structural factors like demographics, economic structure, and development levels are important correlates of these differences, while cyclical factors appear to play a more limited role. Relative to other advanced markets, Singapore's lower old age dependency ratio, lower labor share, high real GDP per capita, and role as a financial hub all weigh on its consumption ratio. A. Introduction 1. Singapore's private consumption ratio is low and has fallen over time relative to other advanced economies Source: imf.org |
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