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.

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

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.

Singapore SG: GDP: USD: Gross Capital Formation data was reported at 89.528 USD bn in 2017. This records an increase from the previous number of 83.728 USD bn for 2016. Singapore SG: GDP: USD: Gross Capital Formation data is updated yearly, averaging 9.821 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 93.939 USD bn in 2014 and a record low of 79.871 USD mn in 1960. Singapore SG: GDP: USD: Gross Capital Formation 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: Gross Domestic Product: Nominal. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Singapore SG: GDP: USD: Adjusted Net National Income data was reported at 244.021 USD bn in 2016. This records an increase from the previous number of 241.426 USD bn for 2015. Singapore SG: GDP: USD: Adjusted Net National Income data is updated yearly, averaging 57.437 USD bn from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 257.466 USD bn in 2014 and a record low of 2.104 USD bn in 1971. Singapore SG: GDP: USD: Adjusted Net National Income 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: Gross Domestic Product: Nominal. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Gap-filled total;

Singapore SG: GDP: USD: Gross Fixed Capital Formation data was reported at 80.362 USD bn in 2017. This records a decrease from the previous number of 82.258 USD bn for 2016. Singapore SG: GDP: USD: Gross Fixed Capital Formation data is updated yearly, averaging 9.389 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 88.331 USD bn in 2014 and a record low of 66.935 USD mn in 1960. Singapore SG: GDP: USD: Gross Fixed Capital Formation 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: Gross Domestic Product: Nominal. Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

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.

Singapore SG: GDP: USD: Final Consumption Expenditure: General Government data was reported at 35.163 USD bn in 2017. This records an increase from the previous number of 33.109 USD bn for 2016. Singapore SG: GDP: USD: Final Consumption Expenditure: General Government data is updated yearly, averaging 2.766 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 35.163 USD bn in 2017 and a record low of 53.051 USD mn in 1960. Singapore SG: GDP: USD: Final Consumption Expenditure: General Government 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. General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Singapore SG: GDP: 2015 Price: USD: Gross Capital Formation data was reported at 78.087 USD bn in 2015. Singapore SG: GDP: 2015 Price: USD: Gross Capital Formation data is updated yearly, averaging 78.087 USD bn from Dec 2015 (Median) to 2015, with 1 observations. The data reached an all-time high of 78.087 USD bn in 2015 and a record low of 78.087 USD bn in 2015. Singapore SG: GDP: 2015 Price: USD: Gross Capital Formation 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. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 2008 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant 2015 prices, expressed in U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;

Singapore SG: GDP: 2010 Price: USD: Gross Capital Formation data was reported at 89.324 USD bn in 2017. This records an increase from the previous number of 82.177 USD bn for 2016. Singapore SG: GDP: 2010 Price: USD: Gross Capital Formation data is updated yearly, averaging 19.891 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 89.324 USD bn in 2017 and a record low of 3.855 USD bn in 1960. Singapore SG: GDP: 2010 Price: USD: Gross Capital Formation 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. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Singapore SG: GDP: 2015 Price: USD: Adjusted Net National Income data was reported at 239.432 USD bn in 2015. Singapore SG: GDP: 2015 Price: USD: Adjusted Net National Income data is updated yearly, averaging 239.432 USD bn from Dec 2015 (Median) to 2015, with 1 observations. The data reached an all-time high of 239.432 USD bn in 2015 and a record low of 239.432 USD bn in 2015. Singapore SG: GDP: 2015 Price: USD: Adjusted Net National Income 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. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;Gap-filled total;

Singapore SG: GDP: 2010 Price: USD: Adjusted Net National Income data was reported at 230.175 USD bn in 2016. This records an increase from the previous number of 223.508 USD bn for 2015. Singapore SG: GDP: 2010 Price: USD: Adjusted Net National Income data is updated yearly, averaging 75.036 USD bn from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 230.175 USD bn in 2016 and a record low of 15.535 USD bn in 1971. Singapore SG: GDP: 2010 Price: USD: Adjusted Net National Income 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. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Gap-filled total;

Singapore SG: GDP: 2015 Price: USD: Gross Fixed Capital Formation data was reported at 93.599 USD bn in 2023. This records a decrease from the previous number of 93.806 USD bn for 2022. Singapore SG: GDP: 2015 Price: USD: Gross Fixed Capital Formation data is updated yearly, averaging 22.029 USD bn from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 93.806 USD bn in 2022 and a record low of 468.060 USD mn in 1960. Singapore SG: GDP: 2015 Price: USD: Gross Fixed Capital Formation 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. Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 2008 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant 2015 prices, expressed in U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;

Singapore SG: GDP: 2010 Price: USD: Gross Fixed Capital Formation data was reported at 79.095 USD bn in 2017. This records a decrease from the previous number of 80.524 USD bn for 2016. Singapore SG: GDP: 2010 Price: USD: Gross Fixed Capital Formation data is updated yearly, averaging 16.466 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 80.981 USD bn in 2015 and a record low of 460.286 USD mn in 1960. Singapore SG: GDP: 2010 Price: USD: Gross Fixed Capital Formation 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. Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Singapore SG: GDP: 2010 Price: USD: Gross National Expenditure data was reported at 226.985 USD bn in 2017. This records an increase from the previous number of 215.397 USD bn for 2016. Singapore SG: GDP: 2010 Price: USD: Gross National Expenditure data is updated yearly, averaging 51.044 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 226.985 USD bn in 2017 and a record low of 8.938 USD bn in 1960. Singapore SG: GDP: 2010 Price: USD: Gross National 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. Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Singapore SG: GDP: 2010 Price: USD: Final Consumption Expenditure: General Government data was reported at 30.239 USD bn in 2017. This records an increase from the previous number of 29.052 USD bn for 2016. Singapore SG: GDP: 2010 Price: USD: Final Consumption Expenditure: General Government data is updated yearly, averaging 5.454 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 30.239 USD bn in 2017 and a record low of 424.129 USD mn in 1960. Singapore SG: GDP: 2010 Price: USD: Final Consumption Expenditure: General Government 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. General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;