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.

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 per capita in Singapore was last recorded at 127543.55 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Singapore, when adjusted by Purchasing Power Parity is equivalent to 718 percent of the world's average. This dataset provides - Singapore GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.; ;

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.

Singapore SG: GDP: USD: per Capita data was reported at 57,714.297 USD in 2017. This records an increase from the previous number of 55,243.133 USD for 2016. Singapore SG: GDP: USD: per Capita data is updated yearly, averaging 9,641.346 USD from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 57,714.297 USD in 2017 and a record low of 427.880 USD in 1960. Singapore SG: GDP: USD: 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: Nominal. GDP per capita is gross domestic product divided by midyear population. 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 current U.S. dollars.; ; 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.

GDP per capita (current LCU) in Singapore was reported at 113778 LCU in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - GDP per capita (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Singapore (PGD2USSGA621NUPN) from 1960 to 2010 about Singapore, PPP, per capita, and GDP.

GDP per capita growth of Singapore sank by 910.61% from 0.5 % in 2022 to -3.7 % in 2023. Since the 96.17% jump in 2017, GDP per capita growth plummeted by 184.11% in 2023. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant U.S. dollars. 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.

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;

Source: SINGAPORE DEPARTMENT OF STATISTICS

Data Last Updated: 14/02/2025

Update Frequency: Annual

Footnotes: For more information on national accounts methodologies, please visit Singstat website (www.singstat.gov.sg/find-data/search-by-theme/economy/national-accounts/publications-and-methodology) to view and download related publications.

Adapted from: https://tablebuilder.singstat.gov.sg/table/TS/M015121

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Singapore (RGDPLPSGA625NUPN) from 1960 to 2010 about Singapore, PPP, investment, per capita, consumption, government, GDP, and rate.

Singapore SG: GDP: Growth: Household Final Consumption Expenditure per Capita data was reported at 3.032 % in 2017. This records an increase from the previous number of 0.405 % for 2016. Singapore SG: GDP: Growth: Household Final Consumption Expenditure per Capita data is updated yearly, averaging 3.712 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 12.715 % in 2000 and a record low of -7.294 % in 1964. Singapore SG: GDP: Growth: Household Final Consumption Expenditure 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 of household final consumption expenditure per capita, which is calculated using household final consumption expenditure in constant 2010 prices and World Bank population estimates. Household final consumption expenditure (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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Graph and download economic data for Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Singapore (KGPPPGSGA156NUPN) from 1960 to 2010 about Singapore, PPP, per capita, consumption, government, real, and GDP.

GDP per capita based on PPP of Singapore declined by 0.25% from 141,913 international dollars in 2022 to 141,553 international dollars in 2023. Since the 29.77% surge in 2021, GDP per capita based on PPP leapt by 7.35% in 2023. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. 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.

Singapore: GDP per capita, current U.S. dollars: The latest value from 2023 is 84734.26 U.S. dollars, a decline from 88428.7 U.S. dollars in 2022. In comparison, the world average is 19958.31 U.S. dollars, based on data from 185 countries. Historically, the average for Singapore from 1960 to 2023 is 23373.11 U.S. dollars. The minimum value, 428.06 U.S. dollars, was reached in 1960 while the maximum of 88428.7 U.S. dollars was recorded in 2022.

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 real per capita spending on healthcare in Singapore was forecast to continuously increase between 2024 and 2029 by in total 312.3 U.S. dollars (+20.82 percent). After the sixth consecutive increasing year, the real healthcare-related per capita spending is estimated to reach 1,812.11 U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case healthcare-related spending per capita, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). The shown data adheres broadly to group 06. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.Find more key insights for the real per capita spending on healthcare in countries like Vietnam and Myanmar.

Graph and download economic data for Investment Share of Purchasing Power Parity Converted GDP Per Capita at current prices for Singapore (CIPPPGSGA156NUPN) from 1960 to 2010 about Singapore, PPP, investment, per capita, and GDP.