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.

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.

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 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.

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) 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).

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 43.3 %.
• The data reached an all-time high of 90.4 % in Dec 1961 and a record low of 28.0 % in Dec 2022.

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


Related information about Singapore Private Consumption: % of GDP

• 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.

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.

Full Year GDP Growth in Singapore increased to 4.40 percent in 2024 from 1.80 percent in 2023. This dataset includes a chart with historical data for Singapore Full Year GDP Growth.

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.

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.

Actual value and historical data chart for Singapore GDP Us Dollar

Singapore GDP: Net Exports of Goods and Services data was reported at 63,745.400 SGD mn in Dec 2024. This records a decrease from the previous number of 65,566.800 SGD mn for Sep 2024. Singapore GDP: Net Exports of Goods and Services data is updated quarterly, averaging 6,488.650 SGD mn from Mar 1975 (Median) to Dec 2024, with 200 observations. The data reached an all-time high of 78,120.300 SGD mn in Jun 2022 and a record low of -931.700 SGD mn in Mar 1982. Singapore GDP: Net Exports of Goods and Services 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 .

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.

In 2024, the gross domestic product (GDP) from the manufacturing sector in Singapore was approximately 119.46 billion Singapore dollars. In comparison, the agricultural sector's GDP was 200.7 million Singapore dollars.

The construction sector in Singapore grew by *** percent in 2024. The growth rate of the construction sector had been decreasing since its recovery from the COVID-19 pandemic in 2021.

Key information about Singapore Market Capitalization: % of GDP

• Singapore Market Capitalization accounted for 118.4 % of its Nominal GDP in Dec 2024, compared with a percentage of 118.2 % in the previous year
• Singapore Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1979 to Dec 2024
• The data reached an all-time high of 322.0 % in Dec 1999 and a record low of 57.8 % in Dec 1985

CEIC calculates annual Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. The Monetary Authority of Singapore provides Market Capitalization in local currency. The Ministry of Trade and Industry provides Nominal GDP in local currency. Market Capitalization as % of Nominal GDP prior to 1999 is sourced from the World Bank.


Further information about Singapore Market Capitalization: % of GDP

• In the latest reports, FTSE All Share recorded a monthly P/E ratio of 13.2 in Jun 2022
• FTSE Strait Times closed at 3,855.8 points in Jan 2025

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.

In 2024, the gross domestic product (GDP) of the information and communication industry in Singapore amounted to approximately ******billion Singapore dollars. This sector has been growing over the last ten years.

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.