In 2024, the average monthly household income per household member was 4,898 Singapore dollars. This was an increase from the previous year and the highest in a ten-year period.

Key information about Singapore GDP Per Capita

• Singapore Gross Domestic Product (GDP) per Capita reached 90,689.000 USD in Dec 2024, compared with 85,392.000 USD in Dec 2023.
• Singapore GDP Per Capita data is updated yearly, available from Dec 1960 to Dec 2024, with an average number of 16,136.000 USD.
• The data reached an all-time high of 90,689.000 USD in Dec 2024 and a record low of 428.000 in Dec 1960.
• Mid-Year Population is used in the calculation of GDP per Capita.

• In the latest reports, Singapore GDP expanded 0.400 % YoY in Mar 2023.
• Singapore Nominal GDP reached 120.607 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) fell 0.011 % in Mar 2023.
• Gross Savings Rate of Singapore was measured at 47.456 % in Dec 2024.

The gross domestic product (GDP) per capita in Singapore was forecast to continuously increase between 2024 and 2029 by in total 19,688.6 U.S. dollars (+22.03 percent). After the sixth consecutive increasing year, the GDP per capita is estimated to reach 109,058.28 U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).Find more key insights for the gross domestic product (GDP) per capita in countries like Thailand, Myanmar (Burma), and Indonesia.

Singapore SG: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 54,530.000 USD in 2017. This records an increase from the previous number of 52,350.000 USD for 2016. Singapore SG: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 10,875.000 USD from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 56,370.000 USD in 2014 and a record low of 490.000 USD in 1962. Singapore SG: GDP: USD: Gross National Income per Capita: Atlas Method 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 per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI 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. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

In 2023, Singapore had the highest GDP per capita across the Asia-Pacific region, an estimated 84.7 thousand U.S. dollars. In comparison, Myanmar had an estimated GDP per capita of approximately 1189.8 U.S. dollars that year.

Singapore SG: GDP: Growth: GNI per Capita data was reported at 5.197 % in 2017. This records an increase from the previous number of -0.400 % for 2016. Singapore SG: GDP: Growth: GNI per Capita data is updated yearly, averaging 5.197 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 18.036 % in 2010 and a record low of -5.945 % in 1998. Singapore SG: GDP: Growth: GNI per Capita 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: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Within the ASEAN region, Singapore's disposable income per capita was projected to amount approximately 29.9 thousand U.S. dollars. Despite, Vietnam was predicted to have the highest CAGR in terms of middle income population with 10.1 percent from 2016 to 2021.

Singapore SG: GDP: Real: GNI per Capita data was reported at 72,668.284 SGD in 2017. This records an increase from the previous number of 69,078.338 SGD for 2016. Singapore SG: GDP: Real: GNI per Capita data is updated yearly, averaging 27,374.584 SGD from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 72,668.284 SGD in 2017 and a record low of 4,746.495 SGD in 1960. Singapore SG: GDP: Real: GNI per Capita 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: Real. GNI per capita is gross national income divided by midyear population. 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. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Source: SINGAPORE DEPARTMENT OF STATISTICS

Data Last Updated: 09/03/2016

Update Frequency: 10 years

Survey period: General Household Survey 2015

Footnotes: 1/Includes employer CPF contributions.

Adapted from: https://tablebuilder.singstat.gov.sg/table/CT/8272

Source: SINGAPORE DEPARTMENT OF STATISTICS

Data Last Updated: 18/06/2021

Update Frequency: 10 years

Survey period: Census of Population 2020

Adapted from: https://tablebuilder.singstat.gov.sg/table/CT/17515

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and four are in Asia, alongside the U.S., Canada, and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

The average for 2023 based on 42 countries was 30848 U.S. dollars. The highest value was in Singapore: 127544 U.S. dollars and the lowest value was in Afghanistan: 1992 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2023, the gross national income (GNI) per capita based on purchasing power parity (PPP) of Singapore amounted to nearly 119,000 international dollars, making it the highest among the Asia-Pacific countries surveyed. In comparison, the Solomon Islands had a GNI per capita PPP of approximately 3,080 international dollars in 2023.

Singapore SG: GDP: 2010 Price: USD: GNI per Capita data was reported at 53,295.405 USD in 2017. This records an increase from the previous number of 50,662.514 USD for 2016. Singapore SG: GDP: 2010 Price: USD: GNI per Capita data is updated yearly, averaging 20,076.702 USD from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 53,295.405 USD in 2017 and a record low of 3,481.111 USD in 1960. Singapore SG: GDP: 2010 Price: USD: GNI per Capita 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: Real. GNI per capita is gross national income divided by midyear population. 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. Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Source: SINGAPORE DEPARTMENT OF STATISTICS

Data Last Updated: 07/02/2024

Update Frequency: Annual

Survey period: Household Income From Work, Annual 2000-2023

Footnotes: Note: A resident employed household refers to a household where the household reference person is a Singapore citizen or permanent resident, and with at least one employed person.

Adapted from: https://tablebuilder.singstat.gov.sg/table/CT/17877

From 1995, the General Household Survey (GHS) is conducted in between 2 Population Censuses as a mid-decade mini-Census.

The General Household Survey (GHS) 2015 is the third in the series of mid-decade national survey. It covers a wide range of topics and provides comprehensive data on Singapore’s population and households in between the population censuses that are conducted once in ten years.

Source: SINGAPORE DEPARTMENT OF STATISTICS

Data Last Updated: 18/06/2021

Update Frequency: 10 years

Survey period: Census of Population 2020

Footnotes: Note: Data exclude household reference persons who were not employed.

Adapted from: https://tablebuilder.singstat.gov.sg/table/CT/17517

Singapore SG: Cost of Business Start-Up Procedures: % of GNI Per Capita: Female data was reported at 0.500 % in 2017. This records a decrease from the previous number of 0.600 % for 2016. Singapore SG: Cost of Business Start-Up Procedures: % of GNI Per Capita: Female data is updated yearly, averaging 0.700 % from Dec 2003 (Median) to 2017, with 15 observations. The data reached an all-time high of 1.000 % in 2004 and a record low of 0.500 % in 2017. Singapore SG: Cost of Business Start-Up Procedures: % of GNI Per Capita: Female 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: Company Statistics. Cost to register a business is normalized by presenting it as a percentage of gross national income (GNI) per capita.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

Source: SINGAPORE DEPARTMENT OF STATISTICS

Data Last Updated: 07/02/2024

Update Frequency: Annual

Survey period: Household Income From Work, Annual 2000-2023

Footnotes: Note: A resident employed household refers to a household where the household reference person is a Singapore citizen or permanent resident, and with at least one employed person. It is notable, for example, that some resident employed households in the lowest 10% owned a car (16.0%), employed a domestic worker (14.7%), lived in private property (8.0%) or were with household reference persons aged 65 years and over (36.6%) in 2023. It is also important to recognise that not all households are consistently in the same decile group from one year to the next. For example, a household may move down from a higher decile in a particular year due to the temporary unemployment of a household member, before moving up the deciles when the member resumes employment in the subsequent year. In comparing the performance of any particular decile group over time, it is therefore relevant to note that the comparison may not pertain to the same group of households.

Adapted from: https://tablebuilder.singstat.gov.sg/table/CT/17906