Presentation on the comparison of the Macroeconomic Indicators of Singapore as compared to those of...
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Transcript of Presentation on the comparison of the Macroeconomic Indicators of Singapore as compared to those of...
MACROECONOMIC INDICATORS SINGAPORE VS CUBA
Wong Jun Hui, Ryan 3S123
GDP Singapore vs Cuba
Singapore’s GDP 1
USD$297 940 000 000 GDP
USD$55182.48 GDP per Capita
GDP Annual Growth Rate
Cuba’s GDP 2
USD$68 230 000 000 GDP
USD$ 6051.22 GDP per Capita
GDP Annual Growth Rate
It is obvious that Singapore has a higher overall GDP and GDP per capita than Cuba In the long run, it seems like Singapore will continue to have a higher standard of living than Cuba Singapore —> Developed Country Cuba —> Developing Country
Comparison
GNI Singapore vs Cuba
Singapore’s GNI 2
415 billion PPP dollars GNI
76860 PPP dollars GNI per capita
Cuba’s GNI 2
208.99 billion PPP dollars GNI
18520 PPP dollars GNI per Capita
Inflation Rate Singapore vs Cuba
Singapore’s Inflation Rate 1
Singapore Inflation Rate
Cuba’s Inflation Rate 2
Cuba Inflation Rate
Up till the latest quarter, Singapore had a daily inflation rate, however due to weakness in the manufacturing sector, it is facing deflation. According to a recent NYTimes Article, it is said that Cuba inflation rate has been increasing steadily due to large surge of american tourists
Comparison
Unemployment Rate Singapore vs Cuba
Singapore’s Unemployment Rate 1
Singapore Unemployment Rate
2015: 1.9%
Cuba’s Unemployment Rate 2
Cuba Unemployment Rate
2015: 2.7%
Both Singapore and Cuba has low unemployment rate However, Cuba’s unemployment rate is expected to go down more with the recent lifting of trade embargoes Whereas Singapore’s unemployment rate is expected to go up, considering slower growth in China, as well as in S’pore’s manufacturing sector.
Comparison
Debt Singapore vs Cuba
Singapore’s Debt 1
100.78% Debt as % of GDP
Cuba’s Debt 2
35.9% Debt as % of GDP
Singapore > Cuba
Comparison
BUT, Singapore —> internal Cuba —> external
Comparison
In the long run, if SGD continues to slump against USD, this might affect government securities, which would in turn affect our debt.
Comparison
Guiding Questions Macroeconomic Indicators
Do you think Singapore will face a deflation in the next quarter? Why? In a long term, how will this affect Singapore’s economy?
Deflation
Inflation
Would you expect Cuba to be able to pay off more of its external debts? Why?
Yes (recent lifting of trade embargoes)
Thanks!
ANY QUESTIONS?
CREDITS
◦ Ivan Lim. (2015, May 9). Macroeconomic indicators as reference on outlook of Singapore and Cuba [Consultation]. ◦ Unemployment Summary Table. (2015, May 2). Retrieved May 9, 2015, from http://stats.mom.gov.sg/
Pages/Unemployment-Summary-Table.aspx ◦ MAS Monthly Statistical Bulletin - IV.7 Official Foreign Reserves. (n.d.). Retrieved May 10, 2015, from
https://secure.mas.gov.sg/msb-xml/Report.aspx?tableSetID=IV&tableID=IV.7 ◦ Macroeconomics. (n.d.). Retrieved May 10, 2015, from http://www.bloomberg.com/visual-data/best-and-
worst/st/macroeconomics ◦ Long-Term Unemployment Rate. (n.d.). Retrieved May 10, 2015, from http://stats.mom.gov.sg/Pages/
Long-Term-Unemployment-Rate-Topline-Chart.aspx ◦ National Debt Of Singapore. (n.d.). Retrieved May 10, 2015, from http://www.nationaldebtclocks.org/
debtclock/singapore ◦ Most Government Debt per Person: Countries. (n.d.). Retrieved May 10, 2015, from http://
www.bloomberg.com/visual-data/best-and-worst/most-government-debt-per-person-countries ◦ Is there something wrong with our Reserves? (2015, March 17). Retrieved May 10, 2015, from http://
www.gov.sg/government/web/content/govsg/classic/factually/Factually-041012-IstheresomethingwrongwithourReserves ◦ Cuba Government Debt to GDP | 2006-2015. (n.d.). Retrieved May 10, 2015, from http://
www.tradingeconomics.com/cuba/government-debt-to-gdp ◦ Cuba GDP Annual Growth Rate | 1990-2015. (n.d.). Retrieved May 10, 2015, from http://
www.tradingeconomics.com/cuba/gdp-growth-annual
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