Singapore: Monetary freedom

* indicates monthly or quarterly data series
 Singapore

Monetary freedom index (0-100)

 Latest value 76.30
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 85.97
 Min - Max 76.30 - 93.00
 Source The Heritage Foundation
For that indicator, we provide data for Singapore from 1995 to 2024. The average value for Singapore during that period was 85.97 points with a minimum of 76.3 points in 2024 and a maximum of 93 points in 2004. The latest value from 2024 is 76.3 points. For comparison, the world average in 2024 based on 174 countries is 67.58 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Singapore - Monetary freedom - Recent values chart

Historical chart
Singapore - Monetary freedom - historical chart - 1995-2024




The Monetary Freedom index for Singapore from The Heritage Foundation reflects the stability of prices in Singapore and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

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 Related indicators Latest value Reference Measure
 Property rights 94 2024 points
 Freedom from corruption 88 2024 points
 Fiscal freedom 76 2024 points
 Business freedom 87 2024 points
 Labor freedom 77 2024 points
 Monetary freedom 76.30 2024 points
 Trade freedom 95 2024 points
 Investment freedom 90 2024 points
 Financial freedom 80 2024 points
 Economic freedom, overall index 84 2024 index points
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