Datasets
Reserves and Sovereign Wealth Anchors
Dated GIC and Temasek performance metrics, Temasek net portfolio value, and FY2026 Net Investment Returns Contribution — with measurement bases that must not be compared without context.
Reserves and Sovereign Wealth Anchors
Use each row with its valuation basis, currency, and time window. Singapore does not publish total reserves; do not sum MAS, GIC, and Temasek figures into an official aggregate (MOF, accessed 9 August 2026). Narrative lives in gic and temasek.
Performance metrics — not directly comparable
| Entity | Metric | Value | Measurement basis | As of |
|---|---|---|---|---|
| GIC | 20-year annualised real return | 3.4% | After global inflation; rolling window | Year ended 31 Mar 2026 |
| GIC | 20-year annualised nominal return | 5.6% | US$ terms; rolling window | Year ended 31 Mar 2026 |
| GIC | 10-year / 5-year annualised nominal return | 6.2% / 3.6% | US$ terms; comparison windows | Year ended 31 Mar 2026 |
| Temasek | Net portfolio value (NPV) | S$518 billion | Fully mark-to-market; S$ nominal | 31 Mar 2026 |
| Temasek | 20-year total shareholder return | 6.8% | Nominal S$ terms | 20-year window to 31 Mar 2026 |
Sources: GIC 2025/26 returns release; Temasek NPV release, accessed 13 August 2026. GIC real returns, GIC nominal US$ returns, and Temasek nominal S$ TSR must not be ranked without aligning inflation, currency, risk, and cash flows.
Net Investment Returns Contribution (NIRC)
| Metric | Value | Denominator / notes | As of |
|---|---|---|---|
| NIRC estimate | S$28.48 billion | Expected long-term real returns on net assets managed by GIC, MAS, and Temasek; up to 50% spendable | FY2026 (MOF estimate) |
| NIRC share of government spending | About one-fifth | Of annual government spending | FY2026 framing |
Source: MOF — reserves used for, accessed 9 August 2026. NIRC is based on expected sustainable returns, not a single year's entity profit or loss.
Record details
- Also known as
- ["GIC 20-year return","Temasek net portfolio value","NIRC FY2026","Singapore reserves total"]
- Jurisdiction
- SG
- What each row represents
- one dated anchor in reserves-sovereign-wealth-anchors
- Update cadence
- when primary sources revise anchored facts
- Source format
- markdown
Dates describe this record’s own period and applicability. A verification date does not mean a rule is currently in force.
Sources
- GIC — Frequently asked questions Accessed 2026-08-09
- GIC — 2025/26 long-term returns and portfolio resilience Accessed 2026-08-13
- Temasek — Net Portfolio Value grows to S$518 billion Accessed 2026-08-09
- Ministry of Finance — What are the reserves used for? Accessed 2026-08-09
- Ministry of Finance — What are Singapore's reserves? Accessed 2026-08-09
Collection as of 2026-10-07 · An expanding collection. Published counts show available knowledge, not complete coverage of Singapore.