Singaporeans have a growing economy. With 24 years of GDP and cash exchange rate data, measured by quarters, the Singapore economy has grown 70.1% of the time and has shrunk 29.9% of the time. Truly, that is quite the feat.

The longest growth streak lasted twenty quarters between Q3 2003 and Q2 2008. The longest decline stretch lasted five quarters with the first time happening between Q1 2001 and Q1 2002 and with the second time happening between Q3 2010 and Q3 2010.

True GDP hit a peak Q2 2008. From the peak, True GDP declined -4.8% a year, falling a full -24.6% over five and ¾ years.

The True GDP low from the peak came Q1 2014. Since the low True GDP has grown 1.9% growing at the yearly rate of 3.8%.

After hitting a low in January 2009, True EWS has grown 18.3% from the bottom, growing at a yearly rate of 0.3%. With 17 and ½ years of data, for 53.6% of the time, EWS has been up and for 46.4% of the time, EWS has down months.


The Association of Southeast Asian Nations (ASEAN) is a political and economic organisation of ten Southeast Asia countries. The six biggest economies comprise the ASEAN SIX — Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam. The remaining four countries are Brunei, Cambodia, Laos, and Burma.

With more than US$2.3 trillion combined GDP, ASEAN ranks as the seventh largest economy  behind the US, China, Japan, Germany, France and the United Kingdom. ASEAN has more than 600 million (8.8% of the world's population).


ASEAN has free trade agreements (FTA) with China Japan, India, Australia, New Zealand, and , Korea. ASEAN-India bilateral trade crossed the $70 billion target in 2012.

The ASEAN Capital Markets Forum (ACMF) seeks to integrate the stock markets of Malaysia, Vietnam, Indonesia, Philippines, Thailand and Singapore; harmonize commercial standards; and harmonize commercial regulation.

The ASEAN Single Aviation Market (ASEAN-SAM) is an effort to establish a unified aviation market by 2015. Already, there is visa-free travel for citizens of ASEAN countries.