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 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.

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

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2024, the gross domestic product (GDP) of Hong Kong amounted to around 407 billion U.S. dollars at current prices, equivalent to around 3.18 trillion Hong Kong dollars. The city’s GDP grew by 2.5 percent that year. Hong Kong’s GDP in comparison The GDP measures the total value of all goods and services produced in an economy over a certain period. Together with unemployment and inflation, it is one of the most observed economic indicators. While GDP figures in the local currency are sometimes more useful for analyzing internal economic developments, values in international currencies are important for regional comparison.Among economies in Asia-Pacific, Hong Kong’s nominal GDP is comparatively small. However, as an advanced economy and a global financial hub, the city’s per capita GDP is one of the highest in the region, only second to Singapore and Australia. Hong Kong’s economic development As an important international hub for finance and trade, Hong Kong’s economy is dominated by the service sector. Financial services contributed more than 20 percent to the city’s GDP and displayed one of the highest sectoral growth rates over the last decade. Hong Kong’s economic growth suffered severely during the COVID-19 pandemic but returned to sustained growth in 2023.

In 2024, the total gross domestic product (GDP) of all ASEAN states amounted to approximately 3.95 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.

GDP, billion currency units in Singapour, septembre, 2025 Pour cet indicateur, Department of Statistics Singapore fournit des données pour la Singapour de Q1 1975 à Q3 2025. La valeur moyenne pour Singapour pendant cette période était de 57.69 billion Singapore Dollar avec un minimum de 3.21 billion Singapore Dollar en Q1 1975 et un maximum de 188.5 billion Singapore Dollar en Q3 2025. | TheGlobalEconomy.com

In 2024, the U.S. GDP increased from the previous year to about 29.18 trillion U.S. dollars. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2024, the United States has the largest economy in the world. What is GDP? Gross domestic product is one of the most important indicators used to analyze the health of an economy. GDP is defined by the BEA as the market value of goods and services produced by labor and property in the United States, regardless of nationality. It is the primary measure of U.S. production. The OECD defines GDP as an aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). GDP and national debt Although the United States had the highest Gross Domestic Product (GDP) in the world in 2022, this does not tell us much about the quality of life in any given country. GDP per capita at purchasing power parity (PPP) is an economic measurement that is thought to be a better method for comparing living standards across countries because it accounts for domestic inflation and variations in the cost of living. While the United States might have the largest economy, the country that ranked highest in terms of GDP at PPP was Luxembourg, amounting to around 141,333 international dollars per capita. Singapore, Ireland, and Qatar also ranked highly on the GDP PPP list, and the United States ranked 9th in 2022.

Key information about Singapore Foreign Direct Investment

• Singapore Foreign Direct Investment (FDI) increased by 35.8 USD bn in Sep 2025, compared with an increase of 45.2 USD bn in the previous quarter.
• Singapore Foreign Direct Investment: USD mn net flows data is updated quarterly, available from Mar 1995 to Sep 2025.
• The data reached an all-time high of 46.9 USD bn in Dec 2022 and a record low of -2.5 USD bn in Jun 2003.

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


Related information about Singapore Foreign Direct Investment

• In the latest reports of Singapore, Current Account recorded a surplus of 26.0 USD bn in Sep 2025.
• Singapore Direct Investment Abroad expanded by 17.8 USD bn in Sep 2025.
• Its Foreign Portfolio Investment increased by 3.9 USD bn in Sep 2025.
• The country's Nominal GDP was reported at 147.8 USD bn in Sep 2025.

Singapore Exports to United States was US$44.03 Billion during 2024, according to the United Nations COMTRADE database on international trade. Singapore Exports to United States - data, historical chart and statistics - was last updated on December of 2025.

In financial year 2025, the total government expenditure on education was estimated at **** billion Singapore dollars. Singapore needs to invest in its education system, as it relies on a skilled and educated workforce to support its economy. Investing in its most important resource Lacking in land and natural resources, Singapore’s most important resource is its people. Improvements and investments in the education system were necessary to build up a workforce capable of transitioning from a manufacturing-based economy to a highly diversified, services-based economy. These investments led to an increase in years of schooling in the population, as well as improvements in educational attainment. Preparing for industry 4.0 Singapore’s education system places heavy emphasis on STEM subjects. Students from Singapore tend to excel in the PISA tests in science and mathematics. However, to remain competitive in a smart technology-based economy, Singapore needs to do more to foster creativity and risk-taking. More too needs to be done to ensure that certain sectors of society still receive quality education, in order to not be left behind. As of financial 2025, education spending on polytechnics and ITES, considered to be less prestigious and academically rigorous options for post-secondary education, was considerably less than that for universities.

In financial year 2025, ********* accounted for the highest FDI equity inflow to India, which was valued at nearly ** billion U.S. dollars, followed by the ********* with over ***** billion dollars. Singapore accounted for roughly ** percent of total FDI inflows in fiscal year 2025. Most sought after FDI sectors According to the Department of Promotion of Industry and Internal Trade, higher equity inflows could be attributed to the government’s efforts in improving ease of doing business along with relaxed FDI norms. In fiscal year 2023, the computer and hardware sector received the highest FDI equity inflow, followed by the services sector. How does FDI contribute to economic development? FDI inflows play a significant role in contributing towards the development of the Indian economy. It often results in opening of factories in the destination country. Higher FDI inflows are directly correlated with higher employment in the country. This improves productivity including the quality of processes and supply chains towards achieving global quality standards.