The Gross Domestic Product (GDP) in Singapore expanded 4.40 percent in the second 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.

Singapore posted a gross domestic product (GDP) growth rate of 1.35 percent in 2019, after adjusting for inflation. While up from the previous two years, this number is expected to decline in 2023, 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.

The gross domestic product (GDP) in current prices in Singapore stood at about 547.39 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 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 around 150.68 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.

Economic growth, quarterly in Singapore, June, 2025 The most recent value is 1.4 percent as of Q2 2025, an increase compared to the previous value of -0.5 percent. Historically, the average for Singapore from Q2 1975 to Q2 2025 is 1.5 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

GDP (current US$) in Singapore was reported at 547386645892 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Темп прироста ВВП в годовом исчислении в Сингапуре вырос до 5,80 процента во втором квартале 2025 года с -1,90 процента в первом квартале 2025 года. Эта страница предоставляет - Фактические значения ВВП Сингапура (годовой темп роста) - исторические данные, прогноз, график, статистику, экономический календарь и новости.

GDP from Manufacturing in Singapore decreased to 28694.90 SGD Million in the second quarter of 2025 from 28823.10 SGD Million in the first quarter of 2025. This dataset provides - Singapore Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Singapore M2 Growth

• Singapore Money Supply M2 increased 6.7 % YoY in Jan 2025, compared with a growth of 6.7 % in the previous month
• Singapore Money Supply M2 growth data is updated monthly, available from Mar 2005 to Jan 2025
• The data reached an all-time high of 23.0 % in Mar 2007 and a record low of 1.0 % in Feb 2016

CEIC calculates M2 Growth Rate from monthly M2. The Monetary Authority of Singapore provides M2 in local currency. Money Supply M2 prior to July 2021 covers transactions from Domestic Banking Units and Asian Currency Units.


Further information about Singapore M2 Growth

• In the latest reports, Singapore Foreign Exchange Reserves was measured at 363.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 9.0 Months of Import in Jan 2025
• Singapore Domestic Credit reached 887.0 USD bn in Jan 2025, representing an increased of 6.1 % YoY
• The country's Non Performing Loans Ratio stood at 1.3 % in Dec 2019, compared with the ratio of 1.4 % in the previous quarter
• Household Debt of Singapore reached 278.8 USD bn in Jan 2025, accounting for 52.0 % of the country's Nominal GDP

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 19,890 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).

In 2024, the real gross domestic product (GDP) in Vietnam grew by approximately **** percent, marking the highest growth rate in Southeast Asia. In comparison, Myanmar's real GDP growth rate dropped by **** percent. Southeast Asia, a tapestry of economic and cultural complexity Historically a critical component of global trade, Southeast Asia is a diverse region with heterogeneous economies. The region comprises ** countries in total. While Singapore is a highly developed country economy and Brunei has a relatively high GDP per capita, the rest of the Southeast Asian countries are characterized by lower GDPs per capita and have yet to overcome the middle-income trap. Malaysia is one of these countries, having reached the middle-income level for many decades but yet to grow incomes proportionally to its economic development. Nevertheless, Southeast Asia’s young population will further drive economic growth across the region’s markets. ASEAN’s economic significance Aiming to promote economic growth, social progress, cultural development, and regional stability, all Southeast Asian countries except for Timor-Leste are part of the political and economic union Association of Southeast Asian Nations (ASEAN). Even though many concerns surround the union, ASEAN has avoided trade conflicts and is one of the largest and most dynamic trade zones globally. Factors such as the growing young population, high GDP growth, a largely positive trade balance, and exemplary regional integration hold great potential for future economic development in Southeast Asia.

GDP Constant Prices in Singapore increased to 144785.80 SGD Million in the second quarter of 2025 from 142751.70 SGD Million in the first quarter of 2025. This dataset provides - Singapore GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Investment growth in Singapore, June, 2025 The most recent value is 4.32 percent as of Q2 2025, a decline compared to the previous value of 8.46 percent. Historically, the average for Singapore from Q1 1976 to Q2 2025 is 8.25 percent. The minimum of -29.48 percent was recorded in Q2 2020, while the maximum of 54.72 percent was reached in Q1 1980. | TheGlobalEconomy.com

In 2023, the estimated total GDP of all ASEAN states amounted to approximately 3.8 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.

Key information about Singapore Total Exports

• Singapore Total Exports expanded 6.2 % YoY in Jan 2025, compared with an increase of 13.0 % YoY in the previous month
• Singapore Total Exports Growth data is updated monthly, available from Jan 1977 to Jan 2025, with an averaged rate of 8.1 %
• The data reached an all-time high of 58.8 % in Feb 1980 and a record low of -32.1 % in Jan 2009

CEIC calculates Total Exports Growth from monthly Total Exports. The Singapore Department of Statistics provides Total Exports, FOB, in local currency.


Further information about Singapore Total Exports

• In the latest reports, Singapore Total Exports recorded 43.3 USD bn in Jan 2025
• Total Imports recorded 41.1 USD bn in Jan 2025, which registered an increase of 14.8 % year on year
• Singapore Trade Balance recorded a surplus of 2.2 USD bn in Jan 2025

The Singapore maritime industry, valued at $4.75 billion in 2025, is projected to experience robust growth, driven by the nation's strategic location as a global shipping hub and its commitment to advanced technologies. The Compound Annual Growth Rate (CAGR) of 4.79% from 2025 to 2033 indicates a significant expansion of the market, reaching an estimated $7.1 billion by 2033. Key growth drivers include increasing global trade volumes, the burgeoning e-commerce sector fueling demand for efficient logistics, and Singapore's proactive investments in port infrastructure and digitalization initiatives. The industry's segmentation, encompassing water transport services, vessel leasing and rental, cargo handling support, and related activities, presents diverse opportunities for growth. While challenges such as geopolitical uncertainty and fluctuating fuel prices exist, Singapore's well-established regulatory framework, skilled workforce, and commitment to sustainability contribute to the industry's resilience and long-term prospects. Major players like PSA International, ONE, and PIL are leveraging technological advancements to enhance efficiency and competitiveness, solidifying Singapore's position as a leading maritime center. The competitive landscape is characterized by both established global players and specialized local companies. The ongoing expansion of port facilities, coupled with government initiatives promoting innovation in areas such as autonomous vessels and digital supply chain management, are expected to further accelerate industry growth. The focus on environmental sustainability, including efforts to reduce carbon emissions and promote green shipping practices, will also shape future market trends. The substantial investment in technological upgrades and infrastructure modernization across the various segments of the industry suggests sustained growth and potential for increased market share for companies that can adapt and innovate. The overall outlook for the Singapore maritime industry remains positive, with continued growth driven by factors such as increasing global trade, technological advancements, and Singapore's strategic advantages. Recent developments include: August 2023: PSA BDP, a leading provider of globally integrated and port-centric supply chain, transportation, and logistics solutions, has signed a Memorandum of Understanding (MOU) with Dow Chemical International Pvt. Ltd. (Dow India) announcing a first-of-itskind sustainable transport solution in India. PSA BDP will deploy electric trucks for import and export container trucking via PSA International’s (PSA) Mumbai, Ameya, and additional terminals to Dow India’s facilities beginning in 2024. The trucks will be powered by PSA Mumbai’s 6.25MW Open Access Solar Plant, which is expected to be commissioned later in 2023., February 2023: A.P. Moller has established a new office in Singapore and is ramping up its investment program in the South and South East Asia region, aiming to commit over USD 750 million in capital commitments to infrastructure platforms in the region. The A.P.Moller Group, one of the world’s oldest and largest transportation and logistics companies, manages over USD 1.5 billion and has invested in 16 projects.. Notable trends are: Development of Ports in the Country.

Key information about Singapore Domestic Credit Growth

• Singapore Domestic Credit increased 6.1 % YoY in Jan 2025, compared with an increase of 6.3 % YoY in the previous month
• Singapore Domestic Credit Growth YoY data is updated monthly
• It averaged 8.2 %, available from Mar 2005 to Jan 2025
• The data reached an all-time high of 39.0 % in Sep 2007 and a record low of -6.0 % in Jul 2021

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. Domestic Credit is calculated as Gross Domestic Credit less Government Deposits. The Monetary Authority of Singapore provides Domestic Credit in local currency. Domestic Credit prior to July 2021 covers transactions from Domestic Banking Units and Asian Currency Units.


Further information about Singapore Domestic Credit Growth

• In the latest reports, Singapore Domestic Credit reached 887.0 USD bn in Jan 2025
• Money Supply M2 in Singapore increased to 994.1 USD bn YoY in Jan 2025
• Singapore Foreign Exchange Reserves was measured at 363.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 9.0 Months of Import in Jan 2025
• The country's Non Performing Loans Ratio stood at 1.3 % in Dec 2019, compared with the ratio of 1.4 % in the previous quarter
• Household Debt of Singapore reached 52.0 % in Sep 2024, accounting for 52.0 % of the country's Nominal GDP

Singapore Import: sa: MoM Growth data was reported at -0.000 % mn in Mar 2025. This records an increase from the previous number of -0.000 % mn for Feb 2025. Singapore Import: sa: MoM Growth data is updated monthly, averaging 0.000 % mn from Jan 1974 (Median) to Mar 2025, with 615 observations. The data reached an all-time high of 0.000 % mn in Mar 1974 and a record low of -0.000 % mn in Dec 1984. Singapore Import: sa: MoM Growth data remains active status in CEIC and is reported by Enterprise Singapore. The data is categorized under Global Database’s Singapore – Table SG.JA003: Trade Statistics: Seasonally Adjusted.

Singapore Exports: YoY Growth data was reported at 2.257 % in Mar 2025. This records a decrease from the previous number of 5.412 % for Feb 2025. Singapore Exports: YoY Growth data is updated monthly, averaging 9.348 % from Jan 1965 (Median) to Mar 2025, with 723 observations. The data reached an all-time high of 117.327 % in Feb 1974 and a record low of -37.999 % in Jan 2009. Singapore Exports: YoY Growth data remains active status in CEIC and is reported by Enterprise Singapore. The data is categorized under Global Database’s Singapore – Table SG.JA001: Trade Statistics.

Key information about Singapore Industrial Production Index Growth

• Singapore Industrial production rose 13.0 % YoY in Jan 2025, following an increase of 4.8 % YoY in the previous month.
• Singapore Industrial production index growth rate YoY data is updated monthly, available from Jan 1984 to Jan 2025, with an average rate of 6.7 %.
• The data reached an all-time high of 57.3 % in May 2010 and a record low of -32.5 % in Mar 2009.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. Singapore Economic Development Board provides Industrial Production Index with base 2019=100.