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Projected % Change
   2014  2015
Real GDP 3 3
Consumer Prices 1.4 2.5
Source: World Economic Outlook (October 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Singapore: Financial Position in the Fund


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Singapore and the IMF
Updated November 7, 2014

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Staff Papers
December 05, 2003 -- IMF Staff Papers - Volume 50, Number 3, 2003 - Rationing Rules and Outcomes: The Experience of Singapore's Vehicle Quota System by Ling Hui Tan
Since 1990, Singapore has sought to control motor vehicle ownership by means of an auction quota system, whereby prospective vehicle buyers need to obtain a quota license before they can make their purchase. This paper assesses the success of the vehicle quota system in meeting its objectives of stability in motor vehicle growth, flexibility in the motor vehicle mix, and equity among motor vehicle buyers. Two important implementation issues—quota subcategorization and license transferability—are highlighted, and policy lessons are drawn for the design of auction quotas in general. [JEL D44, D45, R48]