Country
Singapore SGP
score date 2026-10-10 · 30d +0.3
Seven dimensions
Credibility gap92.5
IMF / national CPI · as of 2026-08-01 · coverage: silver
Behind the curve—
BIS policy rates + CPI · as of 2026-10-10 · coverage: silver
Communication—
Central-bank statements · as of 2026-10-10 · coverage: silver
Geopolitical48.7
GDELT · as of 2026-10-10 · coverage: silver
Growth52.2
World Bank WDI / IMF WEO · as of 2026-10-10 · coverage: silver
Liquidity45.5
IMF BOP / BIS / FRED · as of 2026-10-10 · coverage: silver
Governance79.4
World Bank WGI · as of 2026-10-10 · coverage: silver
Singapore sovereign credibility, in brief
Singapore scores 62.1 out of 100 on the composite sovereign credibility index — credibility band 50–65. That ranks it 4 of 14 in East Asia & Pacific, the 79th percentile of the region. The score has fallen 0.1 points over the past seven days. CPI 2.4% near 2.0% target — on target | adequate credibility (62/100).
As of 2026-10-10 · scored daily from public data under methodology v8
Executive summary
written 11 Oct · score 10 OctSingapore's composite score of 62.1 (adequate) ranks #4 of 14 in the region, but its 92.5 credibility-gap score looks high for a small inflation overshoot.
- Composite position: The 62.1 score sits above the regional average of 54.8.
- Credibility gap: The gap score is 92.5/100, which needs its inputs checked before anyone relies on it.
- Inflation vs target: CPI is 2.4%, 0.4pp above the 2.0% point target.
- Policy stance: Behind-the-curve and communication scores are N/A, so this data cannot rate policy stance.
- Geopolitics: Pressure is 48.7/100, driven mainly by Indonesian haze news.
- Watch item: Whether the haze dispute with Indonesia escalates or eases.
Peer context
Rank 4/14 in East Asia & Pacific · 79th percentile
Region avg 54.8 · best 65.6 · worst 16.6
Ranked either side
- Solomon Islands 64.7
- Brunei Darussalam 63.0
- Timor-Leste 61.3
- Papua New Guinea 59.3
90-day trend
External pulse
- Port trade momentum, 30d YoY
- +5.5%
- as of 2026-10-11
- Commodity terms-of-trade, 12m change
- -5.1%
- as of 2026-10-11
- Electricity demand, YoY
- +3.6%
- as of 2026-02-01
Sources: Kpler; UN Global Platform; IMF PortWatch (portwatch.imf.org) · Terms-of-trade: IMF Commodity Terms of Trade · Electricity: Ember (CC BY 4.0)
Key indicators
External & activity
| Cpi monthly index | 103.3 | 2026-08-01 | ILO CPI |
| Current account (% GDP) | 16.7% | 2025-12-31 | World Bank |
| Economic policy uncertainty | 242.0 | 2026-07-01 | EPU (Baker-Bloom-Davis) |
| Electricity demand (TWh) | 4.6 | 2026-02-01 | Ember |
| FDI inflows (% GDP) | 26.3% | 2025-12-31 | World Bank |
| GDP growth, annual | 5.0% | 2025-12-31 | World Bank |
| Nightlights radiance (monthly sum) | 218.8K | 2025-12-01 | World Bank / NASA Black Marble |
| Nightlights radiance, YoY | 16.6% | 2025-12-01 | derived |
| Reserves (months of imports) | 4.4 mo | 2025-12-31 | World Bank |
| Trade openness (% GDP) | 320.3% | 2025-12-31 | World Bank |
| Unemployment rate | 2.8% | 2025-12-31 | World Bank |
| Unemployment rate (ILO) | 3.3% | 2025-12-31 | ILO |
Structure
| GDP per capita (USD) | $98,814 | 2025-12-31 | World Bank |
| Government debt (% GDP) | 167.8% | 2024-12-31 | World Bank |
| Labor force participation | 67.9% | 2025-12-31 | ILO |
| WGI: control of corruption | 2.0 | 2025-12-31 | World Bank |
| WGI: government effectiveness | 2.1 | 2025-12-31 | World Bank |
| WGI: political stability | 1.3 | 2025-12-31 | World Bank |
| WGI: regulatory quality | 2.1 | 2025-12-31 | World Bank |
| WGI: rule of law | 1.5 | 2025-12-31 | World Bank |
| WGI: voice & accountability | -0.2 | 2025-12-31 | World Bank |
Nightlights: World Bank / NASA Black Marble VIIRS (CC BY 4.0)
Follow the moves
Every figure above is recomputed daily from public data, with the source and as-of date shown for each one. The weekly briefing says which scores moved, and why.