The Gross Domestic Product (GDP) in Singapore expanded 4.20 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides - Singapore GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Economic growth, quarterly in Singapore, September, 2025 The most recent value is 2.4 percent as of Q3 2025, an increase compared to the previous value of 1.7 percent. Historically, the average for Singapore from Q2 1975 to Q3 2025 is 1.51 percent. The minimum of -12.1 percent was recorded in Q2 2020, while the maximum of 9.1 percent was reached in Q3 2020. | TheGlobalEconomy.com

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 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.

GDP, billion currency units in Singapore, September, 2025 The most recent value is 188.5 billion Singapore Dollar as of Q3 2025, an increase compared to the previous value of 188.29 billion Singapore Dollar. Historically, the average for Singapore from Q1 1975 to Q3 2025 is 57.69 billion Singapore Dollar. The minimum of 3.21 billion Singapore Dollar was recorded in Q1 1975, while the maximum of 188.5 billion Singapore Dollar was reached in Q3 2025. | TheGlobalEconomy.com

Key information about Singapore Nominal GDP Growth

• Singapore Nominal GDP Growth was reported at 3.395 % in Sep 2025.
• This records an increase from the previous number of 2.640 % for Jun 2025.
• Singapore Nominal GDP Growth data is updated quarterly, averaging 0.000 % from Mar 1976 to Sep 2025, with 199 observations.
• Singapore Nominal GDP Growth 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: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Singapore Department of Statistics provides Nominal GDP in local currency.

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.

According to a survey conducted among companies who were members of the American Chamber of Commerce in Singapore in March 2025, ** of the companies surveyed responded that their companies saw the United States tariffs will harm the U.S. economy itself. In comparison, ** of the respondents answered the U.S. tariffs will hurt the Singapore economy.

Investment as percent of GDP in Singapore, September, 2025 The most recent value is 22.93 percent as of Q3 2025, an increase compared to the previous value of 22.12 percent. Historically, the average for Singapore from Q1 1975 to Q3 2025 is 30.77 percent. The minimum of 19.02 percent was recorded in Q3 2020, while the maximum of 50.69 percent was reached in Q2 1983. | TheGlobalEconomy.com

GDP Growth Annualized in Singapore increased to 5.80 percent in the second quarter of 2025 from -1.90 percent in the first quarter of 2025. This dataset provides - Singapore Gdp Growth Annualized- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Monthly dataset of the Singapore Balance of Trade, including historical data, latest releases, and long-term trends from 1964-01-31 to 2025-10-31. Available for free download in CSV format.

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.

Consumption as percent of GDP in Singapore, September, 2025 The most recent value is 31.67 percent as of Q3 2025, an increase compared to the previous value of 31.65 percent. Historically, the average for Singapore from Q1 1975 to Q3 2025 is 41.87 percent. The minimum of 26.61 percent was recorded in Q2 2022, while the maximum of 60.46 percent was reached in Q4 1975. | TheGlobalEconomy.com

Key information about Singapore Nominal GDP

• Singapore Nominal GDP reached 147.8 USD bn in Sep 2025, compared with 144.9 USD bn in the previous quarter.
• Nominal GDP in Singapore is updated quarterly, available from Mar 1975 to Sep 2025, with an average number of 23.5 USD bn.
• The data reached an all-time high of 147.8 USD bn in Sep 2025 and a record low of 1.4 USD bn in Sep 1975.

CEIC converts quarterly Nominal GDP into USD. The Singapore Department of Statistics provides Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about Singapore Nominal GDP

• In the latest reports, Singapore GDP expanded 4.2 % YoY in Sep 2025.
• Its GDP deflator (implicit price deflator) fell 0.7 % 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.
• 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.

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 8.8 %.
• The data reached an all-time high of 13.4 % in Dec 1985 and a record low of 7.5 % in Dec 1960.

CEIC calculates Government Consumption as % of Nominal GDP from annual Government Consumption Expenditure and annual Nominal GDP. The Singapore Department of Statistics provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Singapore Public Consumption: % of GDP

• In the latest reports, Singapore GDP expanded 4.2 % YoY in Sep 2025.
• Singapore Nominal GDP reached 147.8 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) fell 0.7 % 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.
• For Nominal GDP contributions, Investment accounted for 22.2 % in Dec 2024.
• Private Consumption accounted for 31.5 % in Dec 2024.

Monthly dataset of the Singapore Core Inflation Rate, including historical data, latest releases, and long-term trends from 1990-01-31 to 2025-10-31. Available for free download in CSV format.

Key information about Singapore Investment: % of GDP

• Singapore Investment accounted for 22.2 % of its Nominal GDP in Dec 2024, compared with a ratio of 21.2 % in the previous year.
• Singapore investment share of Nominal GDP data is updated yearly, available from Dec 1960 to Dec 2024, with an average ratio of 35.5 %.
• The data reached an all-time high of 46.9 % in Dec 1984 and a record low of 11.3 % in Dec 1960.

CEIC calculates Investment as % of Nominal GDP from annual Nominal Gross Capital Formation and annual Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. The Singapore Department of Statistics provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency.


Related information about Singapore Investment: % of GDP

• In the latest reports, Singapore GDP expanded 4.2 % YoY in Sep 2025.
• Singapore Nominal GDP reached 147.8 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) fell 0.7 % 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.

Singapore: Economic freedom, overall index (0-100): The latest value from 2025 is 84 index points, unchanged from 84 index points in 2024. In comparison, the world average is 60 index points, based on data from 174 countries. Historically, the average for Singapore from 1995 to 2025 is 87 index points. The minimum value, 84 index points, was reached in 2022 while the maximum of 90 index points was recorded in 2021.

Consumption growth in Singapore, June, 2025 The most recent value is 4.35 percent as of Q2 2025, a decline compared to the previous value of 4.4 percent. Historically, the average for Singapore from Q1 1976 to Q2 2025 is 7.2 percent. The minimum of -29.94 percent was recorded in Q2 2020, while the maximum of 27.94 percent was reached in Q2 2021. | TheGlobalEconomy.com