MACROECONOMIC

INDICATORS
SINGAPORE VS CUBA

Wong Jun Hui, Ryan 3S123

GDP
Singapore vs Cuba

Singapores GDP

USD$297
940
000
000
GDP

USD$55182.48
GDP per Capita

GDP Annual Growth Rate

Cubas GDP

USD$68
230
000
000
GDP

USD$ 6051.22
GDP per Capita

GDP Annual Growth Rate

Comparison

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

GNI
Singapore vs Cuba

Singapores GNI

415
billion
PPP
dollars
GNI

76860 PPP dollars

GNI per capita

Cubas GNI

208.99
billion
PPP
dollars
GNI

18520 PPP dollars

GNI per Capita

Inflation Rate
Singapore vs Cuba

Singapores Inflation Rate

Singapore Inflation Rate

Cubas Inflation Rate

Cuba Inflation Rate

Comparison

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

Unemployment Rate
Singapore vs Cuba

Singapores Unemployment Rate

Singapore Unemployment Rate

2015: 1.9%

Cubas Unemployment Rate

Cuba Unemployment Rate

2015: 2.7%

Comparison

Both Singapore and Cuba has low

unemployment rate
However, Cubas unemployment rate is
expected to go down more with the recent
lifting of trade embargoes
Whereas Singapores unemployment rate is
expected to go up, considering slower
growth in China, as well as in Spores
manufacturing sector.

Debt
Singapore vs Cuba

Singapores Debt

100.78%
Debt as % of GDP

Cubas Debt

35.9%

Debt as % of GDP

Comparison

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.

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 Singapores 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-andworst/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-041012IstheresomethingwrongwithourReserves
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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