Official statistics · Singapore
Singapore economic indicators
Numbers that shape what a home costs and what your money is worth: how fast prices are rising, how many people are here, and how much money is circulating in the economy.
Inflation
1.9%
year on year, Jun 2026
Total population
6,111,175
2025
Money supply (M1)
S$321.7b
Jun 2026
Money supply (M2)
S$892.4b
Jun 2026
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Inflation
The rate is the change in the Consumer Price Index against the same month a year earlier — not against last month, which would just show seasonal noise.
Why it matters: When inflation runs hot, borrowing tends to get more expensive — which changes what a given monthly repayment can buy.
Source: Consumer Price Index, 2024 as base year, Department of Statistics (data.gov.sg)
Population
Total population counts everyone living here; residents counts citizens and permanent residents only. The gap between the two lines is the non-resident population.
In 2025, 4,204,515 residents and 1,906,660 non-residents.
Why it matters: Population growth is the demand side of housing. Residents buy; non-residents overwhelmingly rent, which is why the two lines pull on different parts of the market.
Source: Indicators on Population, Department of Statistics (data.gov.sg)
Money supply
How much money is circulating in Singapore, in S$ billions, since 1991.
What M1 and M2 actually are
M1 is money you can spend right now: notes and coins in circulation, plus the balance in current accounts.
M2 is M1 plus savings and fixed deposits — money that is parked rather than moving, but only a transfer away from being spent. It is the broader and more commonly quoted measure.
What it means for property
A growing money supply means more money chasing the same limited stock of homes, which is one of the forces behind long-run price growth. It also tracks how freely banks are lending.
Treat it as background weather, not a signal. Money supply grows almost every year and says nothing about which month to buy or sell.
Money supply definitions were revised over this period, so figures either side of a revision are not perfectly comparable.
Contains information from "Money Supply (End Of Period), Monthly" and "Money Supply (End Of Period), Historical Series, Monthly" (Monetary Authority of Singapore), accessed from the Singapore Department of Statistics, SingStat Table Builder (Tables M701111 and M920281), made available under the terms of the Singapore Open Data Licence v1.0.