Eurasia Center Brief Analysis EC/2022/2. – Singapore’s economy in 2021 – Raising from the ashes?


Several peculiarities of the Singaporean economy stand out clearly: the size of the economy, the focus on business services and technological development, and the unique exchange rate system, etc. For this reason, it is worth taking a look at how the Singapore economy responded to the economic crisis triggered by the COVID‑19 pandemic and how the economy recovered in 2021. This brief analysis looks at the country’s key economic indicators – GDP, inflation, the general budget and trade. Before that, however, we briefly examine the situation of the pandemic, which has a direct impact on the economy.

Keywords: Singapore, Covid-19 pandemic, macroeconomy analysis

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