Retail Sales in Singapore
The Singapore economy recorded average retail sales growth of 0.7% in the decade to 2022, below the 8.2% average for Asia-Pacific. In 2022, retail sales growth was 10.7%.
Singapore Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Singapore from 2013 to 2022.
Source: Statistics Singapore.
Singapore Retail Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | -0.8 | -2.8 | -15.3 | 11.1 | 10.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Singapore retail projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Singapore retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Singapore retail projections.
Want to get access to the full dataset of Singapore retail forecasts? Send an email to info@focus-economics.com.