In 2023, the wholesale trade sector contributed 22.3 percent to Singapore's nominal gross value added (GVA). Singapore's economy posted growth across as sectors, indicating a recovery from the impact of the COVID-19 pandemic.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Singapore from 2013 to 2023. In 2023, agriculture contributed around 0.03 percent to the GDP of Singapore, 22.4 percent came from the industry and 72.45 percent from the services sector.

Singapore SG: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 10.071 % in 2017. This records an increase from the previous number of 3.701 % for 2016. Singapore SG: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 9.319 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 29.675 % in 2010 and a record low of -11.605 % in 2001. Singapore SG: GDP: Growth: Gross Value Added: Industry: Manufacturing 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: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

In 2023, the finance and insurance sector in Singapore posted the largest growth rate out of all economic sectors in the country, at 5.4 percent. Overall, Singapore's GDP grew by 2.2 percent in that year.

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.

Singapore SG: GDP: Growth: Gross Value Added: Industry data was reported at 5.744 % in 2017. This records an increase from the previous number of 3.224 % for 2016. Singapore SG: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 8.059 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 23.910 % in 2010 and a record low of -9.969 % in 1985. Singapore SG: GDP: Growth: Gross Value Added: Industry 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: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Singapore SG: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 17.970 % in 2017. This records an increase from the previous number of 17.681 % for 2016. Singapore SG: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 22.050 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 26.804 % in 2004 and a record low of 10.305 % in 1961. Singapore SG: GDP: % of GDP: Gross Value Added: Industry: Manufacturing 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: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_bccdf7ae697389c5a7e8c3f9005a852a/view

Singapore SG: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing data was reported at 79,525.900 SGD mn in 2017. This records an increase from the previous number of 72,249.400 SGD mn for 2016. Singapore SG: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing data is updated yearly, averaging 16,068.450 SGD mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 79,525.900 SGD mn in 2017 and a record low of 927.100 SGD mn in 1960. Singapore SG: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing 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. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

Singapore SG: GDP: Gross Value Added at Factor Cost: Industry data was reported at 103,825.800 SGD mn in 2017. This records an increase from the previous number of 101,525.000 SGD mn for 2016. Singapore SG: GDP: Gross Value Added at Factor Cost: Industry data is updated yearly, averaging 18,800.500 SGD mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 103,825.800 SGD mn in 2017 and a record low of 352.000 SGD mn in 1960. Singapore SG: GDP: Gross Value Added at Factor Cost: Industry 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. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

GDP from Transport in Singapore increased to 9369.60 SGD Million in the second quarter of 2025 from 9301.40 SGD Million in the first quarter of 2025. This dataset provides - Singapore Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the distribution of employment in Singapore by economic sector from 2013 to 2023. In 2023, 14.38 percent in industry and 85.52 percent in the service sector.

Singapore SG: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing data was reported at 58.207 USD bn in 2017. This records an increase from the previous number of 54.770 USD bn for 2016. Singapore SG: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing data is updated yearly, averaging 7.155 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 58.207 USD bn in 2017 and a record low of 74.546 USD mn in 1960. Singapore SG: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing 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. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.

Singapore's total Exports in 2024 were valued at US$504.78 Billion, according to the United Nations COMTRADE database on international trade. Singapore's main export partners were: China, Hong Kong and Malaysia. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Mineral fuels, oils, distillation products. Total Imports were valued at US$457.52 Billion. In 2024, Singapore had a trade surplus of US$47.26 Billion.

In Singapore, the estimated sales amount across various store categories provides key insights into the market's dynamics. Apparel, as a prominent category, generates significant sales, totaling $3.88B, which is 40.75% of the region's total sales in this sector. Consumer Electronics follows with robust sales figures, achieving $1.66B in sales and comprising 17.43% of the region's total. Beauty & Fitness contributes a considerable amount to the regional market, with sales of $1.04B, accounting for 10.94% of the total sales in Singapore. This breakdown highlights the varying economic impacts of different categories within the region, showcasing the diversity and strengths of each sector.

Singapore SG: GDP: USD: Gross Value Added at Factor Cost: Industry data was reported at 75.187 USD bn in 2017. This records an increase from the previous number of 73.489 USD bn for 2016. Singapore SG: GDP: USD: Gross Value Added at Factor Cost: Industry data is updated yearly, averaging 9.144 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 75.187 USD bn in 2017 and a record low of 114.988 USD mn in 1960. Singapore SG: GDP: USD: Gross Value Added at Factor Cost: Industry 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. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.

Singapore SG: GDP: Real: Gross Value Added at Factor Cost: Services data was reported at 298,367.800 SGD mn in 2017. This records an increase from the previous number of 289,983.000 SGD mn for 2016. Singapore SG: GDP: Real: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 53,956.550 SGD mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 298,367.800 SGD mn in 2017 and a record low of 5,091.200 SGD mn in 1960. Singapore SG: GDP: Real: Gross Value Added at Factor Cost: Services 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: Real. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

Singapore SG: GDP: % of GDP: Gross Value Added: Services data was reported at 70.436 % in 2017. This records an increase from the previous number of 70.049 % for 2016. Singapore SG: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 63.454 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 74.582 % in 1961 and a record low of 59.896 % in 1980. Singapore SG: GDP: % of GDP: Gross Value Added: Services 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: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Japan JP: Foreign Direct Investment Income: Outward: Total: Singapore data was reported at 1,532,729.573 JPY mn in 2023. This records an increase from the previous number of 1,426,070.010 JPY mn for 2022. Japan JP: Foreign Direct Investment Income: Outward: Total: Singapore data is updated yearly, averaging 683,893.045 JPY mn from Dec 2014 (Median) to 2023, with 10 observations. The data reached an all-time high of 1,532,729.573 JPY mn in 2023 and a record low of 507,546.720 JPY mn in 2014. Japan JP: Foreign Direct Investment Income: Outward: Total: Singapore data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.FDI: Foreign Direct Investment Income: by Region and Country: OECD Member: Annual. Reverse investment: Netting of reverse investment in equity (when a direct investment enterprise acquires less than 10% equity ownership in its parent) and reverse investment in debt (when a direct investment enterprise extends a loan to its parent) is applied in the recording of total inward and outward FDI transactions and positions. Treatment of debt FDI transactions and positions between fellow enterprises: directional basis according to the residency of the direct investor. FDI financial flows, income flows and positions include, if they exist, resident Special Purpose Entities (SPEs) which cannot be identified separately. Valuation method used for listed inward and outward equity positions: Own funds at book value, Accumulation of FDI equity flows. Valuation method used for unlisted inward and outward equity positions: Own funds at book value, Accumulation of FDI equity flows. Valuation method used for inward and outward debt positions: Nominal value .; FDI statistics are available by geographic allocation, vis-à-vis single partner countries worldwide and geographical and economic zones aggregates. Partner country allocation can be subject to confidentiality restrictions. Geographic allocation of inward and outward FDI transactions and positions is according to the immediate counterparty. Inward FDI positions according to the ultimate counterparty (the ultimate investing country) are also available and publishable. In the dataset 'FDI statistics by parner country and by industry - Summary', inward FDI positions are showed according to the UIC. Intercompany debt between related financial intermediaries, including permanent debt, are excluded from FDI transactions and positions. Direct investment relationships are identified according to the criteria of the Framework for Direct Investment Relationships (FDIR) method. Debt between fellow enterprises are completely covered . Collective investment institutions are covered as direct investment enterprises. Non-profit institutions serving households are covered as direct investors. FDI statistics are available by industry sectors according to ISIC4 classification. Industry sector allocation can be subject to confidentiality restrictions. Inward FDI transactions and positions are allocated to the activity of the resident direct investment enterprise. Outward FDI transactions are allocated according to the activity of the non resident direct investment enterprise. Statistical unit: Enterprise.

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.