Singapore SG: GDP: Growth: Adjusted Net National Income per Capita data was reported at 1.656 % in 2016. This records an increase from the previous number of -1.013 % for 2015. Singapore SG: GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging 4.124 % from Dec 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 21.386 % in 2010 and a record low of -11.471 % in 2008. Singapore SG: GDP: Growth: Adjusted Net National Income per Capita 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: Annual Growth Rate. 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).; Weighted average;

Singapore SG: GDP: Growth: Adjusted Net National Income data was reported at 2.983 % in 2016. This records an increase from the previous number of 0.168 % for 2015. Singapore SG: GDP: Growth: Adjusted Net National Income data is updated yearly, averaging 6.464 % from Dec 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 23.556 % in 2010 and a record low of -6.632 % in 2008. Singapore SG: GDP: Growth: 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: Annual Growth Rate. 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).; Weighted average;

Human capital is a nation’s primary source of inner strength to achieve sustainable economic growth and development. Meanwhile, income inequality is a critical issue preventing sustainable economic growth and social transformation, especially in developing countries. This paper investigates the effect of human capital on income inequality in both the short and long term using the mean group, pooled mean group, and threshold regressions for the ASEAN-7 (including Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) from 1992 to 2018. The paper develops a theoretical linkage between human capital and income inequality by combining the learning theory and the Kuznets hypothesis. This linkage is then tested using data from the ASEAN countries. Findings from the paper indicate that human capital reduces income inequality in the short run in the ASEAN countries. However, the effect is reverted in the long run, suggesting that human capital may increase the income gap in these countries. Particularly, the inverted U-shaped relationship between human capital and income inequality is established for the ASEAN countries whose GDP per capita is lower than USD 8.2 thousand per year. In contrast, the U-shaped relationship is found for the countries with income per capital of more than USD 8.2 thousand. All these findings suggest that social policies targeting reducing income inequality should be prioritized and stay at the centre of any economic policies to achieve sustainable economic growth and development in the ASEAN countries.

Graph and download economic data for Bank's Non-Interest Income to Total Income for Singapore (DDEI03SGA156NWDB) from 2000 to 2021 about Singapore, income, banks, and depository institutions.

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.

In 2020, ***** percent of resident employed households had a monthly income of 20 thousand Singapore dollars and over. In comparison, only **** percent of households had a monthly income of less than one thousand Singapore dollars.

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.

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.

Graph and download economic data for Bank's Cost to Income Ratio for Singapore (DDEI07SGA156NWDB) from 2000 to 2021 about Singapore, ratio, expenditures, income, banks, and depository institutions.

Wages in Singapore increased to 6429 SGD/Month in the third quarter of 2025 from 6390 SGD/Month in the second quarter of 2025. This dataset provides - Singapore Average Monthly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the private consumption expenditure on food and non-alcoholic beverages in Singapore amounted to around ** billion Singapore dollars. The private consumption expenditure on food and non-alcoholic beverages increased significantly in Singapore since 2020, as food prices increased due to inflation. Increase in food prices in Singapore due to inflation In 2022, the private consumption expenditure in Singapore amounted to ***** billion Singapore dollars. This was the highest amount in the last decade, resulting from a recovery from the COVID-19 pandemic but also the increase in prices of goods due to inflation. Food prices, especially, has increased significantly. For example, the average retail price of cooking oil in 2022 was approximately **** Singapore dollars per two-kilogram bottle, the highest price for this basic commodity in the last decade. The average retail price chicken, Singapore’s most consumed meat protein, increased to **** Singapore dollars per kilogram, from **** Singapore dollars per kilogram a year earlier. Real wages have not kept up with inflation While prices of everyday goods and services have increased significantly, growth in real income have not kept up. In 2022, the real change in median monthly household income in Singapore grew by just *** percent. This has led to many Singaporean households planning to cut down on leisure spending, especially on out-of-home food spending.

Income inequality is an essential cause of violence, stagnant development, and political instability. This study will examine the positive and negative shocks in tourism development, and the distribution of the interaction between tourism development, economic growth, human capital, globalization, and income inequality will be discussed in Singapore, a developed and top-visited country. By adopting autoregressive distributed lag and non-linear autoregressive distributed lag approaches for panel data from 1978 to 2022, the results indicate an asymmetric cointegration among variables, and positive and negative changes in tourism development lead to decreased income inequality. More specifically, the asymmetric effect of tourism is found both in the short- and long-term, and positive shock has a greater impact than negative shock. At the same time, the findings also reveal that economic growth and globalization enhance, while human capital negatively affects income inequality in Singapore. These findings strengthen the belief of Singapore policy-makers and recommend several significant lessons for developing countries to promote tourism, sustainable development, and reduce income inequality.

Singapore SG: GDP: Growth: GNI per Capita data was reported at 5.197 % in 2017. This records an increase from the previous number of -0.400 % for 2016. Singapore SG: GDP: Growth: GNI per Capita data is updated yearly, averaging 5.197 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 18.036 % in 2010 and a record low of -5.945 % in 1998. Singapore SG: GDP: Growth: GNI per Capita 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: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Singapore Personal Disposable Income: sa data was reported at 90,869.100 SGD mn in Dec 2024. This records an increase from the previous number of 87,914.700 SGD mn for Sep 2024. Singapore Personal Disposable Income: sa data is updated quarterly, averaging 22,072.350 SGD mn from Mar 1980 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 90,869.100 SGD mn in Dec 2024 and a record low of 3,553.500 SGD mn in Mar 1980. Singapore Personal Disposable Income: sa 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.A089: Personal Disposable Income and Personal Saving: Current Prices: Seasonally Adjusted.

Income inequality is an essential cause of violence, stagnant development, and political instability. This study will examine the positive and negative shocks in tourism development, and the distribution of the interaction between tourism development, economic growth, human capital, globalization, and income inequality will be discussed in Singapore, a developed and top-visited country. By adopting autoregressive distributed lag and non-linear autoregressive distributed lag approaches for panel data from 1978 to 2022, the results indicate an asymmetric cointegration among variables, and positive and negative changes in tourism development lead to decreased income inequality. More specifically, the asymmetric effect of tourism is found both in the short- and long-term, and positive shock has a greater impact than negative shock. At the same time, the findings also reveal that economic growth and globalization enhance, while human capital negatively affects income inequality in Singapore. These findings strengthen the belief of Singapore policy-makers and recommend several significant lessons for developing countries to promote tourism, sustainable development, and reduce income inequality.

Singapore SG: GDP: Growth: Imports of Goods and Services data was reported at 5.246 % in 2017. This records an increase from the previous number of 0.112 % for 2016. Singapore SG: GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 9.874 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 31.475 % in 1968 and a record low of -18.238 % in 1964. Singapore SG: GDP: Growth: Imports of Goods and 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: Annual Growth Rate. Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Singapore Ecommerce Market size was valued at USD 8.9 Billion in 2024 and is projected to reach USD 29.57 Billion by 2032, growing at a CAGR of 16.2% from 2026 to 2032.

Key Market Drivers:

Increasing Internet Penetration and Mobile Usage: Singapore's high internet penetration and extensive mobile device usage have greatly aided the growth of e-commerce. Online retail sales via mobile devices were valued at USD 3.5 Billion in 2023, representing a 26.3% compound annual growth rate (CAGR) between 2018 and 2023.

Agriculture and food in Canada: Government Initiatives Promoting the Digital Economy: The Singaporean government's dedication to developing a digital economy has aided e-commerce growth. Programs focused at improving digital literacy and infrastructure have produced an environment that encourages internet enterprises to grow. This enabling ecosystem has allowed the e-commerce market to increase by 10.43% annually, reaching USD 18.1 Billion in 2024.

Income inequality is an essential cause of violence, stagnant development, and political instability. This study will examine the positive and negative shocks in tourism development, and the distribution of the interaction between tourism development, economic growth, human capital, globalization, and income inequality will be discussed in Singapore, a developed and top-visited country. By adopting autoregressive distributed lag and non-linear autoregressive distributed lag approaches for panel data from 1978 to 2022, the results indicate an asymmetric cointegration among variables, and positive and negative changes in tourism development lead to decreased income inequality. More specifically, the asymmetric effect of tourism is found both in the short- and long-term, and positive shock has a greater impact than negative shock. At the same time, the findings also reveal that economic growth and globalization enhance, while human capital negatively affects income inequality in Singapore. These findings strengthen the belief of Singapore policy-makers and recommend several significant lessons for developing countries to promote tourism, sustainable development, and reduce income inequality.

Real‑Time Customer Income Insights Market Outlook

According to our latest research, the Global Real‑Time Customer Income Insights market size was valued at $2.1 billion in 2024 and is projected to reach $8.7 billion by 2033, expanding at a robust CAGR of 16.8% during 2024–2033. One of the primary growth drivers for this market is the increasing demand for advanced customer profiling and risk assessment tools across banking, financial services, and retail sectors. As organizations strive to deliver more personalized offerings and mitigate credit risks, real-time customer income insights solutions are gaining traction for their ability to provide accurate, up-to-the-minute financial data. This trend is further fueled by the rapid digitization of financial services, the proliferation of fintech platforms, and regulatory shifts encouraging data-driven decision-making. The integration of AI and machine learning technologies is also significantly enhancing the accuracy and scalability of these insights, setting the stage for accelerated market expansion over the forecast period.

Regional Outlook

North America currently commands the largest share of the Real‑Time Customer Income Insights market, accounting for over 38% of the global revenue in 2024. This dominance can be attributed to the region’s mature financial ecosystem, early adoption of advanced analytics, and a highly digitized consumer base. The United States, in particular, is home to a dense concentration of banks, credit unions, and fintech innovators who are heavily investing in real-time income verification solutions to streamline lending, reduce fraud, and enhance customer experience. Supportive regulatory frameworks, such as the Fair Credit Reporting Act (FCRA) and initiatives promoting open banking, have further accelerated the adoption of these technologies. Additionally, the presence of major technology providers and a robust IT infrastructure ensures seamless integration and deployment of real-time income insights platforms across various end-user industries.

Asia Pacific is poised to be the fastest-growing region in the Real‑Time Customer Income Insights market, with a projected CAGR exceeding 20% during the forecast period. Rapid urbanization, a burgeoning middle class, and the explosive growth of digital payments and e-commerce are driving demand for sophisticated income verification tools. Countries such as China, India, and Singapore are witnessing increased investments in fintech and digital banking, supported by government initiatives to boost financial inclusion and digital identity infrastructure. The region’s unique demographic profile, characterized by a large unbanked population and diverse income sources, presents lucrative opportunities for market players to develop tailored solutions. Strategic partnerships between global technology vendors and local financial institutions are further catalyzing market growth in Asia Pacific.

Emerging economies in Latin America, the Middle East, and Africa are gradually embracing Real‑Time Customer Income Insights solutions, although adoption remains at a nascent stage. In these regions, challenges such as limited digital infrastructure, fragmented regulatory landscapes, and data privacy concerns can hinder widespread deployment. However, localized demand is rising as banks and retailers seek to expand credit access and reduce default rates among underserved populations. Policy reforms aimed at strengthening digital identity verification and open banking frameworks are beginning to create a more conducive environment for market expansion. As these economies continue to invest in digital transformation and financial inclusion, the adoption of real-time income insights is expected to accelerate, albeit at a measured pace compared to more developed markets.

Report Scope

Net-Income-Including-Non-Controlling-Interests Time Series for CapitaLand Retail China Trust. CapitaLand China Trust (CLCT) is Singapore's largest China-focused real estate investment trust (REIT). CLCT's portfolio comprises nine shopping malls, five business park properties and four logistics park properties. Its total property value is S$4.2 billion based on valuations of its proportionate interests in the portfolio as at 31 December 2024. The geographically diversified portfolio has a total gross floor area of approximately 1.8 million square metres, located across 12 leading Chinese cities. CLCT was listed on the Singapore Exchange Securities Trading Limited (SGXST) on 8 December 2006, and established with the objective of investing on a long-term basis in a diversified portfolio of income-producing real estate and real estate-related assets in mainland China, Hong Kong and Macau that are used primarily for retail, office and industrial purposes (including business parks, logistics facilities, data centres and integrated developments). CLCT's retail properties are strategically located in densely populated areas with good connectivity to public transport. The malls are positioned as one-stop family-oriented destinations that offer essential services and house a wide range of lifestyle offerings that cater to varied consumer preferences in shopping, dining and entertainment. CLCT's portfolio comprises a diverse mix of leading brands including ZARA, UNIQLO, Xiaomi, Li-Ning, Haidilao, Nanjing Impressions, TANYU, Nike, Sephora, Starbucks Coffee and Chow Tai Fook. The malls are CapitaMall Xizhimen, CapitaMall Wangjing, CapitaMall Grand Canyon in Beijing; Rock Square in Guangzhou; CapitaMall Xinnan in Chengdu; CapitaMall Nuohemule in Hohhot; CapitaMall Xuefu and CapitaMall Aidemengdun in Harbin and CapitaMall Yuhuating in Changsha. The portfolio of five business parks is situated in high-growth economic zones, with quality and reputable domestic and multinational corporations operating in high-growth sectors such as biomedical, electronics, engineering, e-commerce, information and communications technology