Economy up at more reasonable pace of 8.1% in Q2 2006
10 Aug '06
2 min read
Singapore Statistics announces that the performance of the Singapore Economy in Q2 2006 and Outlook for 2006 are as follows:
Overall Performance The Singapore economy grew at a more moderate pace of 8.1 percent in Q2 2006, compared to 10.8 percent Q1 2006. The growth momentum (on an annualised quarter-on-quarter basis) also showed to 3 percent, down from 7.6 percent in Q1 2006.
Official statistics in Singapore date back to 1871 when the first census of population was taken. Since then, censuses had been taken regularly at ten-year intervals.
The Census Ordinance of 1880 constituted the first statistical legislation for Singapore.
A legal framework for the collection, preparation and publication of official statistics was put in place only in 1921 with the enactment of the Statistics Ordinance.
The Statistics Ordinance provided for the establishment of a Statistical Bureau. The Bureau has developed and grown to become the Singapore Department of Statistics today.
The Singapore Department of Statistics is the central statistical authority responsible for official statistics on the Singapore economy and population.
Before Singapore achieved self-government in 1959, the Department compiled almost all the statistical series.
The focus was on external trade, shipping and cargo statistics and basic demographic data.
The statistical activities expanded rapidly in the 1960s to cover manufacturing, commerce and service statistics.