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

IMAGE CREDITS

◦ http://www.veryicon.com/icon/png/System/Standard%20Portfolio/Unemployed.png

◦ http://www.veryicon.com/icon/png/System/Standard%20Portfolio/Unemployed.png

◦ https://t2.ftcdn.net/jpg/00/68/12/99/240_F_68129963_aG8xnGNiVWxHnpyL56nwG5YXobSZ6dUX.jpg

◦ http://a1.mzstatic.com/us/r30/Purple3/v4/b0/e2/26/b0e226aa-3455-b60d-5d3f-4450d312e9f4/icon175x175.jpeg

◦ http://www.debtadvisoryscotland.net/img/icon-trust-deed.png