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.

Key information about Singapore Real GDP Growth

• The Gross Domestic Product (GDP) in Singapore expanded 4.2 % YoY in Sep 2025, following a growth of 4.7 % in the previous quarter.
• Real GDP Growth YoY data in Singapore is updated quarterly, available from Mar 1976 to Sep 2025, with an average rate of 9.4 %.
• The data reached an all-time high of 18.6 % in Jun 2010 and a record low of -11.9 % in Jun 2020.

The Singapore Department of Statistics provides Real GDP Growth at chain linked 2015 prices.


Related information about Singapore Real GDP Growth

• In the latest reports, Nominal GDP of Singapore reached 147.8 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) fell 0.7 % in Sep 2025.
• GDP Per Capita in Singapore reached 90,689.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 47.5 % in Dec 2024.
• For Nominal GDP contributions, Investment accounted for 22.2 % in Dec 2024.
• Public Consumption accounted for 10.6 % in Dec 2024.
• Private Consumption accounted for 31.5 % in Dec 2024.

The gross domestic product (GDP) per capita in Singapore amounted to 90,670 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 85,670 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 23,570 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.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 rates and then divided by the total population. The gross domestic product 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).

The Gross Domestic Product (GDP) in Singapore expanded 2.40 percent in the third quarter of 2025 over the previous quarter. This dataset provides - Singapore GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Singapore was last recorded at 67706.83 US dollars in 2024. The GDP per Capita in Singapore is equivalent to 536 percent of the world's average. This dataset provides - Singapore GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Singapore recorded a real gross domestic product (GDP) growth rate of around 4.4 percent in 2024 compared to the previous year. While up from the previous year, this number is expected to decline in 2025, settling around 2.5 percent in the future. What is GDP? GDP is a measure of a country’s income, and most economists agree that slow but steady GDP growth is best for a developed economy. GDP measures the total value of all goods and services produced within a country during a certain time period. With the highest GDP per capita in ASEAN, Singapore certainly qualifies as developed, meaning that it should target GDP growth around 2 to 3 percent. Singapore’s context Singapore is a small, open economy. As such, it has little influence on, and high exposure to, international trends. For example, a shift in the exchange rate with a major trading partner can have significant effects on the economy. For Singapore, who relies heavily on exports, these kinds of shocks can affect the entire economy. For example, a weaker Singapore dollar would increase GDP by raising net exports, but this would also lead to higher inflation. As a result, policymakers in Singapore have to follow many factors if they want to continue enjoying healthy GDP growth.

The gross domestic product (GDP) in current prices in Singapore stood at 547.39 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by 535.31 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by 173.93 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

Graph and download economic data for Constant GDP per capita for Singapore (NYGDPPCAPKDSGP) from 1960 to 2024 about Singapore, per capita, real, and GDP.

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.

Related information about Singapore GDP Per Capita data

• In the latest reports, Singapore GDP expanded 4.200 % YoY in Sep 2025.
• Singapore Nominal GDP reached 147.764 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) fell 0.722 % in Sep 2025.
• Gross Savings Rate of Singapore was measured at 47.456 % in Dec 2024.

Singapore SG: GDP: Real: per Capita data was reported at 75,313.622 SGD in 2017. This records an increase from the previous number of 72,747.960 SGD for 2016. Singapore SG: GDP: Real: per Capita data is updated yearly, averaging 27,636.015 SGD from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 75,313.622 SGD in 2017 and a record low of 4,621.659 SGD in 1960. Singapore SG: GDP: Real: 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. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Monthly and long-term Singapore GDP Per Capita data: historical series and analyst forecasts curated by FocusEconomics.

Singapore SG: GDP: Real data was reported at 422,679.100 SGD mn in 2017. This records an increase from the previous number of 407,918.400 SGD mn for 2016. Singapore SG: GDP: Real data is updated yearly, averaging 79,866.350 SGD mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 422,679.100 SGD mn in 2017 and a record low of 7,609.100 SGD mn in 1960. Singapore SG: GDP: Real 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. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

In 2023, the finance and insurance sector in Singapore posted the largest growth rate out of all economic sectors in the country, at 5.4 percent. Overall, Singapore's GDP grew by 2.2 percent in that year.

Key information about Singapore GDP Deflator Growth

• Singapore GDP deflator (implicit price deflator) fell 0.7 % in Sep 2025, compared with a drop of 2.0 % in the previous quarter.
• Singapore GDP Deflator Growth data is updated quarterly, available from Mar 1976 to Sep 2025, with an average rate of 4.8 %.
• The data reached an all-time high of 20.3 % in Jun 2022 and a record low of -8.7 % in Jun 2023.

CEIC calculates GDP Deflator Growth from quarterly Nominal and Real GDP. The Singapore Department of Statistics provides Nominal GDP in local currency and Real GDP in local currency, at chain linked 2015 prices.


Related information about Singapore GDP Deflator Growth

• In the latest reports, Singapore GDP expanded 4.2 % YoY in Sep 2025.
• Its Nominal GDP reached 147.8 USD bn in Sep 2025.
• Singapore GDP Per Capita reached 90,689.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 47.5 % in Dec 2024.

Graph and download economic data for Real GDP per Capita in Singapore (DISCONTINUED) (SGPRGDPC) from 1960 to 2011 about Singapore, per capita, real, and GDP.

In 2024, the ratio of government expenditure to GDP in Singapore amounted to about 14.51 percent. Between 1990 and 2024, the figure dropped by approximately 0.55 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the ratio will rise by around 3.04 percentage points, showing an overall upward trend with periodic ups and downs.Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.

In the fourth quarter of 2024, Singapore's gross domestic product (GDP) grew by *** percent compared to the previous quarter. In the previous quarter, the GDP grew by *** percent.

The ratio of national debt to gross domestic product (GDP) of Singapore amounted to about 174.30 percent in 2024. Between 1990 and 2024, the ratio rose by approximately 100.79 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by around 3.70 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

View yearly updates and historical trends for Singapore Real GDP YoY. Source: World Bank. Track economic data with YCharts analytics.

Singapore: GDP per capita, current U.S. dollars: The latest value from 2024 is 90674.07 U.S. dollars, an increase from 85412.23 U.S. dollars in 2023. In comparison, the world average is 19439.19 U.S. dollars, based on data from 176 countries. Historically, the average for Singapore from 1960 to 2024 is 24455.24 U.S. dollars. The minimum value, 428.06 U.S. dollars, was reached in 1960 while the maximum of 90674.07 U.S. dollars was recorded in 2024.