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Singapore Household Income

posted Oct 18, 2012, 7:44 AM by Fide Consultant Group
The Singapore's household sector balance sheet published by Singapore Statistics provide some important points below:
  • On a non-seasonally-adjusted basis, households’ accumulation of net worth increased three-fold from $426 billion in Q1 1995 to $1,315 billion in Q2 2012.
  • Singapore’s liabilities-to-assets ratio, which was the  highest among the selected countries in the early 2000s, had gradually declined over the years.
  • Singapore’s net worth as a ratio  of GDP ranged from 3.4 to  3.8 between 2002 and 2010.
  • The net worth ratio for US, UK and Canada declined considerably during the 2008/09 Global  Financial  Crisis while that of Singapore and Japan remained fairly  stable.
  • Household debt-to-GDP ratio (or household indebtedness ratio) indicates the ability of households to make future payments on its debt.  
To download the full report, click here and view the Singapore's household sector balance sheet.