Consumer Spending in Singapore increased to 52218.70 SGD Million in the second quarter of 2025 from 51533.90 SGD Million in the first quarter of 2025. This dataset provides - Singapore Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The real total consumer spending on restaurants and hotels in Singapore was forecast to decrease between 2024 and 2029 by in total ***** million U.S. dollars (-**** percent). This overall decrease does not happen continuously, notably not in 2027, 2028 and 2029. While the real restaurants- and hotels-related spending was increasing earlier, it deteriorated and the real restaurants- and hotels-related spending was forecast to reach **** billion U.S. dollars in 2029. Consumer spending, in this case concerning restaurants and hotels, 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 **. 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 total consumer spending on restaurants and hotels in countries like Laos and Thailand.

As of the third quarter 2023, the total consumer spending in Singapore amounted to ***** billion Singapore dollars. After a two-year low in the second quarter 2020, consumer spending in Singapore has started to rebound. The decrease in consumer spend in that period was likely due to the lockdown implemented in the country to slow down the spread of COVID-19.

Historical dataset showing Singapore consumer spending by year from 1960 to 2023.

Key information about Singapore Private Consumption Expenditure

• Singapore Private Consumption Expenditure was reported at 44.358 USD bn in Dec 2024. This records an increase from the previous number of 43.538 USD bn for Sep 2024.
• Singapore Private Consumption Expenditure data is updated quarterly, averaging 10.050 USD bn from Mar 1975 to Dec 2024, with 200 observations.
• The data reached an all-time high of 44.358 USD bn in Dec 2024 and a record low of 848.326 USD mn in Mar 1975.
• Singapore Private Consumption Expenditure data remains in an active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Private Consumption Expenditure: USD: Quarterly.

The total consumer spending on food and non-alcoholic beverages in Singapore was forecast to continuously increase between 2024 and 2029 by in total *** billion U.S. dollars (+***** percent). After the ninth consecutive increasing year, the food-related spending is estimated to reach **** billion U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case food-related spending, 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 **. 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 is shown in nominal terms which means that monetary data is valued at prices of the respective year and has not been adjusted for inflation. For future years the price level has been projected as well. The data has been converted from local currencies to US$ using the average exchange rate of the respective year. For forecast years, the exchange rate has been projected as well. The timelines therefore incorporate currency effects.Find more key insights for the total consumer spending on food and non-alcoholic beverages in countries like Thailand and Cambodia.

Households and NPISHs Final consumption expenditure (current US$) in Singapore was reported at 172365448241 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Household final consumption expenditure - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Key information about Singapore Private Consumption: % of GDP

• Singapore Private Consumption accounted for 31.5 % of its Nominal GDP in Dec 2024, compared with a ratio of 31.6 % in the previous year.
• Singapore Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 1960 to Dec 2024, with an average share of 43.7 %.
• The data reached an all-time high of 90.4 % in Dec 1961 and a record low of 28.0 % in Dec 2022.

• In the latest reports, Singapore GDP expanded 0.4 % YoY in Mar 2023.
• Its Nominal GDP reached 120.6 USD bn in Mar 2023.
• Singapore GDP Per Capita reached 90,689.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 48.6 % in Dec 2023.

Key information about Singapore Public Consumption: % of GDP

• Singapore Public Consumption accounted for 10.6 % of its Nominal GDP in Dec 2024, compared with a share of 10.0 % in the previous year.
• Singapore Public Consumption share of Nominal GDP ratio is updated yearly, available from Dec 1960 to Dec 2024, with an average number of 10.2 %.
• The data reached an all-time high of 13.4 % in Dec 1985 and a record low of 7.5 % in Dec 1960.

• In the latest reports, Singapore GDP expanded 0.4 % YoY in Mar 2023.
• Singapore Nominal GDP reached 120.6 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) fell 0.0 % in Mar 2023.
• Singapore GDP Per Capita reached 84,714.0 USD in Dec 2023.
• Its Gross Savings Rate was measured at 48.6 % in Dec 2023.
• For Nominal GDP contributions, Investment accounted for 21.0 % in Dec 2023.
• Private Consumption accounted for 31.3 % in Dec 2023.

Singapore SG: GDP: % of GDP: Final Consumption Expenditure: Household data was reported at 35.642 % in 2017. This records a decrease from the previous number of 36.000 % for 2016. Singapore SG: GDP: % of GDP: Final Consumption Expenditure: Household data is updated yearly, averaging 45.378 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 90.486 % in 1961 and a record low of 35.525 % in 2010. Singapore SG: GDP: % of GDP: Final Consumption Expenditure: Household 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: Share of GDP. 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 item also includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The Singapore retail market, valued at approximately $XX million in 2025, exhibits robust growth potential, projected to expand at a CAGR exceeding 3.00% from 2025 to 2033. This growth is fueled by several key drivers. Firstly, Singapore's thriving economy and rising disposable incomes contribute significantly to increased consumer spending. Secondly, the burgeoning e-commerce sector, driven by increasing internet penetration and smartphone adoption, offers significant opportunities for retailers to expand their reach and customer base. Furthermore, the government's initiatives to promote innovation and technological advancements within the retail landscape further encourage growth. However, the market faces challenges such as escalating rental costs, intense competition, and shifting consumer preferences towards sustainable and ethical products. Segmentation analysis reveals that the food and beverage sector holds a considerable market share, followed by personal and household care, with e-commerce emerging as a dominant distribution channel. Key players like Japan Foods Holding Ltd, Sheng Siong Group Ltd, and Dairy Farm International Holdings are strategically positioning themselves to capitalize on these trends. The segmentation by product category reveals diverse growth trajectories. While the food and beverage segment benefits from consistent demand, the apparel, footwear, and accessories sector experiences fluctuations based on fashion trends and consumer sentiment. The furniture, toys, and hobby segments are showing promising growth linked to evolving lifestyle preferences. The electronic and household appliance sector's performance is tied to technological innovation and economic conditions. Within distribution channels, the dominance of e-commerce is undeniable, though traditional channels like supermarkets and hypermarkets continue to play a vital role, particularly for grocery and daily essentials. The success of individual companies will hinge on their ability to adapt to these dynamic market forces, embracing digital technologies, focusing on customer experience, and offering innovative products and services. Recent developments include: In April 2021, Singapore homegrown retailer Naiise has shut down after struggling to survive through the pandemic, with its owner Dennis Tay filing for personal bankruptcy.. Notable trends are: Upgrading Technology is Helping the Market to Record More Revenues.

The real total consumer spending on food and non-alcoholic beverages in Singapore was forecast to continuously decrease between 2024 and 2029 by in total ***** million U.S. dollars (-**** percent). According to this forecast, in 2029, the real food-related spending will have decreased for the seventh consecutive year to * billion U.S. dollars. Consumer spending, in this case food-related spending, 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 **. 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 total consumer spending on food and non-alcoholic beverages in countries like Cambodia and Myanmar.

Key information about Singapore Public Consumption Expenditure

• Singapore Public Consumption Expenditure was reported at 15.445 USD bn in Dec 2024.
• This records an increase from the previous number of 13.545 USD bn for Sep 2024.
• Singapore Public Consumption Expenditure data is updated quarterly, averaging 2.290 USD bn from Mar 1975 to Dec 2024, with 200 observations.
• The data reached an all-time high of 17.786 USD bn in Mar 2024 and a record low of 120.312 USD mn in Jun 1976.
• Singapore Public Consumption Expenditure data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Government Consumption Expenditure: USD: Quarterly.

Singapore SG: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data was reported at 9.014 % in 2012. Singapore SG: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data is updated yearly, averaging 9.014 % from Dec 2012 (Median) to 2012, with 1 observations. Singapore SG: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % 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: Poverty. Proportion of population spending more than 10% of household consumption or income on out-of-pocket health care expenditure.; ; World Health Organization and World Bank. 2019. Global Monitoring Report on Financial Protection in Health 2019.; Weighted average;

Singapore GDP: Private Consumption Expenditure data was reported at 59,118.300 SGD mn in Dec 2024. This records an increase from the previous number of 57,419.300 SGD mn for Sep 2024. Singapore GDP: Private Consumption Expenditure data is updated quarterly, averaging 16,450.100 SGD mn from Mar 1975 (Median) to Dec 2024, with 200 observations. The data reached an all-time high of 59,118.300 SGD mn in Dec 2024 and a record low of 1,927.000 SGD mn in Mar 1975. Singapore GDP: Private Consumption Expenditure 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.A007: GDP by Expenditure: Current Price .

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.;;

Singapore SG: GDP: 2010 Price: USD: Final Consumption Expenditure data was reported at 137.661 USD bn in 2017. This records an increase from the previous number of 133.220 USD bn for 2016. Singapore SG: GDP: 2010 Price: USD: Final Consumption Expenditure data is updated yearly, averaging 32.375 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 137.661 USD bn in 2017 and a record low of 5.083 USD bn in 1960. Singapore SG: GDP: 2010 Price: USD: Final Consumption Expenditure 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. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

The Singapore Department of Statistics undertakes the Household Expenditure Survey (HES) once in 5 years to collect detailed information from resident households in Singapore. The latest HES was conducted from Oct 2012 to Sep 2013. Topics covered include household consumption expenditure, households' income, socio-economic characteristics and ownership of selected consumer durables.

Singapore SG: GDP: Growth: Final Consumption Expenditure: Household data was reported at 3.124 % in 2017. This records an increase from the previous number of 1.716 % for 2016. Singapore SG: GDP: Growth: Final Consumption Expenditure: Household data is updated yearly, averaging 5.688 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 14.684 % in 2000 and a record low of -4.887 % in 1964. Singapore SG: GDP: Growth: Final Consumption Expenditure: Household 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 based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The per capita consumer spending on education ranking is led by Singapore with 1,640.84 U.S. dollars, while Australia is following with 1,290.37 U.S. dollars. In contrast, Ethiopia is at the bottom of the ranking with 0.68 U.S. dollars, showing a difference of 1,640.16 U.S. dollars to Singapore. Consumer spending, in this case education-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 tenth 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 is shown in nominal terms which means that monetary data is valued at prices of the respective year and has not been adjusted for inflation. For future years the price level has been projected as well. The data has been converted from local currencies to US$ using the average exchange rate of the respective year. For forecast years, the exchange rate has been projected as well. The timelines therefore incorporate currency effects.