The Gross Domestic Product (GDP) in Singapore was worth 547.39 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Singapore represents 0.52 percent of the world economy. This dataset provides the latest reported value for - Singapore GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In the second quarter of 2023, Singapore's gross domestic product (GDP) stood at around *** billion Singapore dollars. Singapore is one of Asia-Pacific's most advanced free-market economies and its main economic sectors include manufacturing, wholesale trade, and banking and financial services.

Singapore GDP: Seasonally Adjusted data was reported at 673,253.156 SGD mn in 2023. This records a decrease from the previous number of 687,338.461 SGD mn for 2022. Singapore GDP: Seasonally Adjusted data is updated yearly, averaging 212,511.081 SGD mn from Dec 1987 (Median) to 2023, with 37 observations. The data reached an all-time high of 687,338.461 SGD mn in 2022 and a record low of 45,495.358 SGD mn in 1987. Singapore GDP: Seasonally Adjusted data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.GEM: Gross Domestic Products: Nominal: Annual.

In 2023, the gross domestic product (GDP) from real estate in Singapore amounted to ***** billion Singapore dollars. 2020 saw the lowest GDP contribution from real estate in the past ten years, likely due to the COVID-19 pandemic.

Singapore SG: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data was reported at 195.700 SGD mn in 2023. This records an increase from the previous number of 182.300 SGD mn for 2022. Singapore SG: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data is updated yearly, averaging 161.250 SGD mn from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 456.500 SGD mn in 1982 and a record low of 79.900 SGD mn in 1960. Singapore SG: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Gross Domestic Product: Nominal. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current local currency.;World Bank national accounts data, and OECD National Accounts data files.;;Note: Data for OECD countries are based on ISIC, revision 4.

GDP from Transport in Singapore increased to 9369.60 SGD Million in the second quarter of 2025 from 9301.40 SGD Million in the first quarter of 2025. This dataset provides - Singapore Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the gross domestic product (GDP) from the manufacturing sector in Singapore was approximately 119.46 billion Singapore dollars. In comparison, the agricultural sector's GDP was 200.7 million Singapore dollars.

Singapore SG: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data was reported at 210,845.500 SGD mn in 2023. This records an increase from the previous number of 194,230.100 SGD mn for 2022. Singapore SG: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data is updated yearly, averaging 95,125.400 SGD mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 210,845.500 SGD mn in 2023 and a record low of 31,425.400 SGD mn in 1990. Singapore SG: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Gross Domestic Product: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

In 2024, Singapore’s construction sector contributed around ***** billion Singapore dollars to the country’s gross domestic product (GDP). This was a noticeable increase after the construction sector had been especially affected by the COVID-19 pandemic. Robust private and public sector demand in 2019 The construction sector in Singapore experienced three consecutive years of negative growth until 2019. This increase was fueled in part by the unexpected higher demand from the private sector, especially by the construction of new petrochemical facilities by global giants Linde and ExxonMobil. Public construction demand, meanwhile, has been growing steadily since 2015, supported by major civil engineering projects such as the expansion of the MRT lines and housing development. In that year, the value of contracts awarded for both private and public sector construction amounted to around ** billion Singapore dollars. Impact of COVID-19 on the construction sector However, the COVID-19 pandemic has already negatively impacted the construction industry. Singapore experienced its worst recession since independence, and in Q1 2020, the construction sector contracted by **** percent. Social distancing measures and the stopping of non-essential work meant that many construction projects were put on hold. Furthermore, Singapore’s construction sector is facing a two-fold labor crisis. This industry is heavily reliant on migrant workers from foreign countries. The global restrictions in travel meant that hardly any new labor was available. Adding to this challenge, the migrant workers in Singapore had been badly hit by COVID-19, making up the largest share of COVID-19 infections in the country.

In 2024, the GDP of the Singaporean manufacturing industry amounted to approximately ****** billion Singapore dollars. Singapore's manufacturing industry is the largest of its goods producing industries; however, the services producing industry was almost *** times larger than the goods producing industries in that year.

Singapore GDP: GPI: Utilities data was reported at 10,834.300 SGD mn in 2024. This records a decrease from the previous number of 11,065.700 SGD mn for 2023. Singapore GDP: GPI: Utilities data is updated yearly, averaging 1,425.100 SGD mn from Dec 1960 (Median) to 2024, with 65 observations. The data reached an all-time high of 11,065.700 SGD mn in 2023 and a record low of 57.000 SGD mn in 1960. Singapore GDP: GPI: Utilities data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.A026: GDP by Industry: SSIC 2020: Current Price (Annual).

Singapore GDP: 2010 Price: Seasonally Adjusted data was reported at 553,554.300 SGD mn in 2024. This records an increase from the previous number of 532,183.800 SGD mn for 2023. Singapore GDP: 2010 Price: Seasonally Adjusted data is updated yearly, averaging 256,127.250 SGD mn from Dec 1987 (Median) to 2024, with 38 observations. The data reached an all-time high of 553,554.300 SGD mn in 2024 and a record low of 72,401.400 SGD mn in 1987. Singapore GDP: 2010 Price: Seasonally Adjusted data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.GEM: Gross Domestic Products: Real: Annual.

Singapore GDP: CE: Construction data was reported at 17,282.400 SGD mn in 2024. This records an increase from the previous number of 16,323.300 SGD mn for 2023. Singapore GDP: CE: Construction data is updated yearly, averaging 5,059.900 SGD mn from Dec 1980 (Median) to 2024, with 45 observations. The data reached an all-time high of 17,282.400 SGD mn in 2024 and a record low of 844.600 SGD mn in 1980. Singapore GDP: CE: Construction data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.A070: GDP by Income: SSIC 2020: Current Price (Annual).

Singapore GDP: TPI: OTLS: Accommodation & Food Services (AFS) data was reported at 403.500 SGD mn in 2024. This records an increase from the previous number of 242.000 SGD mn for 2023. Singapore GDP: TPI: OTLS: Accommodation & Food Services (AFS) data is updated yearly, averaging 76.500 SGD mn from Dec 1980 (Median) to 2024, with 45 observations. The data reached an all-time high of 456.300 SGD mn in 2019 and a record low of -1,519.200 SGD mn in 2020. Singapore GDP: TPI: OTLS: Accommodation & Food Services (AFS) data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.A070: GDP by Income: SSIC 2020: Current Price (Annual).

In 2023, the gross domestic product (GDP) of the finance and insurance industry in Singapore amounted to approximately ***** billion Singapore dollars. In that year, the GDP from services producing industries amounted to around ****** billion Singapore dollars.

Singapore GDP: CE: Real Es, Prof Serv & Admin & Sup Serv (RPA) data was reported at 43,646.400 SGD mn in 2024. This records an increase from the previous number of 42,132.200 SGD mn for 2023. Singapore GDP: CE: Real Es, Prof Serv & Admin & Sup Serv (RPA) data is updated yearly, averaging 8,639.500 SGD mn from Dec 1980 (Median) to 2024, with 45 observations. The data reached an all-time high of 43,646.400 SGD mn in 2024 and a record low of 722.300 SGD mn in 1980. Singapore GDP: CE: Real Es, Prof Serv & Admin & Sup Serv (RPA) data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.A070: GDP by Income: SSIC 2020: Current Price (Annual).

In 2024, the gross domestic product (GDP) of food and beverage services in Singapore amounted to approximately **** billion Singapore dollars, indicating an increase from the previous year. The food and beverages service sector has improved since the outbreak of the COVID-19 pandemic, and has reached around pre-pandemic levels. Food and beverages services in Singapore The COVID-19 pandemic impacted the food and beverage services sector, which saw a decline in sales due to coronavirus pandemic restrictions. Although the retail sales index value of food and alcohol had significantly plummeted during the financial year 2020 and 2021, by 2022, the food and beverage industry sales had increased from pandemic lows. In 2022, all food and beverage services saw a significant year-on-year change in the sales index nationwide. Sales for food caterers increased by *** percent compared to the previous year. Restaurants also experienced more than ** percent sales in June 2022. Dining out as a Singaporean past time As Singaporeans frequently dine out, food and beverage services had been integral to Singapore’s economy and lifestyle. A survey of December 2022 revealed that ** percent of Singaporeans preferred to dine out several times a week. Out of all mealtimes eaten out-of-home, ** percent of Singaporeans chose to dine out for dinner.

Singapore GDP: SPI: Real Es, Prof Serv & Admin & Support Serv (RPA) data was reported at 76,138.500 SGD mn in 2024. This records an increase from the previous number of 73,651.900 SGD mn for 2023. Singapore GDP: SPI: Real Es, Prof Serv & Admin & Support Serv (RPA) data is updated yearly, averaging 8,372.000 SGD mn from Dec 1960 (Median) to 2024, with 65 observations. The data reached an all-time high of 76,138.500 SGD mn in 2024 and a record low of 146.400 SGD mn in 1960. Singapore GDP: SPI: Real Es, Prof Serv & Admin & Support Serv (RPA) data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.A026: GDP by Industry: SSIC 2020: Current Price (Annual).

Singapore SG: Gross National Income: Linked Series data was reported at 564,868.600 SGD mn in 2023. This records an increase from the previous number of 555,529.900 SGD mn for 2022. Singapore SG: Gross National Income: Linked Series data is updated yearly, averaging 246,809.200 SGD mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 564,868.600 SGD mn in 2023 and a record low of 69,783.600 SGD mn in 1990. Singapore SG: Gross National Income: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

In 2023, the value added by the electronics manufacturing industry in Singapore was ***** billion Singapore dollars. The electronics manufacturing industry contributed the lowest to the GDP in 2016, valuing to ***** billion Singapore dollars.