Singapore: Monetary freedom

The latest value from 2024 is 76.3 points, a decline from 81.9 points in 2023. In comparison, the world average is 67.58 points, based on data from 174 countries. Historically, the average for Singapore from 1995 to 2024 is 85.97 points. The minimum value, 76.3 points, was reached in 2024 while the maximum of 93 points was recorded in 2004. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.