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.

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.

In 2023, the gross domestic product (GDP) of the finance and insurance industry in Singapore amounted to approximately 87.84 billion Singapore dollars. In that year, the GDP from services producing industries amounted to around 464.67 billion Singapore dollars.

Singapore GDP: 2015p: SPI: OSI: Health & Social Services data was reported at 14,792.300 SGD mn in 2024. This records an increase from the previous number of 14,091.000 SGD mn for 2023. Singapore GDP: 2015p: SPI: OSI: Health & Social Services data is updated yearly, averaging 9,729.400 SGD mn from Dec 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 14,792.300 SGD mn in 2024 and a record low of 6,113.700 SGD mn in 2005. Singapore GDP: 2015p: SPI: OSI: Health & Social Services 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.A033: GDP by Industry: SSIC 2020: 2015 Price (Annual).

Singapore GDP: 2015p: SPI: OSI: Other Services - Others data was reported at 6,618.200 SGD mn in 2024. This records an increase from the previous number of 6,348.300 SGD mn for 2023. Singapore GDP: 2015p: SPI: OSI: Other Services - Others data is updated yearly, averaging 5,271.650 SGD mn from Dec 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 6,618.200 SGD mn in 2024 and a record low of 3,991.500 SGD mn in 2005. Singapore GDP: 2015p: SPI: OSI: Other Services - Others 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.A033: GDP by Industry: SSIC 2020: 2015 Price (Annual).

Singapore GDP: SPI: Accommodation & Food Services (AFS data was reported at 11,048.000 SGD mn in 2024. This records an increase from the previous number of 10,408.700 SGD mn for 2023. Singapore GDP: SPI: Accommodation & Food Services (AFS data is updated yearly, averaging 2,631.800 SGD mn from Dec 1960 (Median) to 2024, with 65 observations. The data reached an all-time high of 11,048.000 SGD mn in 2024 and a record low of 81.500 SGD mn in 1960. Singapore GDP: SPI: Accommodation & Food Services (AFS 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.A026: GDP by Industry: SSIC 2020: Current Price (Annual).

In 2024, the gross domestic product (GDP) of food and beverage services in Singapore amounted to approximately 5.47 billion Singapore dollars, indicating an increase from the previous year. The food and beverages service sector has improved since the outbreak of the COVID-19 pandemic, and has reached around pre-pandemic levels. Food and beverages services in Singapore The COVID-19 pandemic impacted the food and beverage services sector, which saw a decline in sales due to coronavirus pandemic restrictions. Although the retail sales index value of food and alcohol had significantly plummeted during the financial year 2020 and 2021, by 2022, the food and beverage industry sales had increased from pandemic lows. In 2022, all food and beverage services saw a significant year-on-year change in the sales index nationwide. Sales for food caterers increased by 133 percent compared to the previous year. Restaurants also experienced more than 76 percent sales in June 2022. Dining out as a Singaporean past time As Singaporeans frequently dine out, food and beverage services had been integral to Singapore’s economy and lifestyle. A survey of December 2022 revealed that 48 percent of Singaporeans preferred to dine out several times a week. Out of all mealtimes eaten out-of-home, 77 percent of Singaporeans chose to dine out for dinner.

Singapore SG: GDP: 2015 Price: USD: Gross Value Added at Basic Prices data was reported at 366.965 USD bn in 2023. This records an increase from the previous number of 363.355 USD bn for 2022. Singapore SG: GDP: 2015 Price: USD: Gross Value Added at Basic Prices data is updated yearly, averaging 71.527 USD bn from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 366.965 USD bn in 2023 and a record low of 5.323 USD bn in 1960. Singapore SG: GDP: 2015 Price: USD: Gross Value Added at Basic Prices 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 value added at basic prices (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at basic prices is derived by subtracting net product taxes from GDP. 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;

In 2023, the gross domestic product (GDP) from the manufacturing sector in Singapore was approximately 118.83 billion Singapore dollars. In comparison, the agricultural sector's GDP was 195.7 million Singapore dollars.

In 2023, the GDP of the Singaporean manufacturing industry amounted to approximately 118.83 billion Singapore dollars. Singapore's manufacturing industry is the largest of its goods producing industries; however, the services producing industry was almost 3.5 times larger than the goods producing industries in that year.

Singapore: Value added in the services sector as percent of GDP: Dünya Bankası göstergesi için Singapore hakkında 1960 - 2023 arası bilgi. Singapore için bu döneme ait ortalama değer yüzde 65.81 percent con un mínimo de 59.9 percent en 1980 y un máximo de 74.55 percent en 1961.

In the second quarter of 2023, Singapore's gross domestic product (GDP) stood at around 164 billion Singapore dollars. Singapore is one of Asia-Pacific's most advanced free-market economies and its main economic sectors include manufacturing, wholesale trade, and banking and financial services.

As shown in this statistic, the ratio of government expenditure to GDP in Singapore lies at approximately 16.66 percent in 2025.Fluctuating rise between 1990 and 2025Between 1990 and 2025 a total increase by approximately 1.60 percentage points can be observed. The data emphasizes however that this increase did not happen continuously.Fluctuating rise between 2025 and 2030The ratio will be roughly 17.55 percent in 2030, according to forecasts. This indicates an overall increase by approximately 0.89 percentage points since 2025.Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.

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 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.

In 2019, the average inflation rate in Singapore amounted to about 0.57 percent compared to the previous year, and it seemed to recover from sliding into the red throughout 2015 and 2016. For 2030, Singapore’s inflation is expected to level off at around 1.97 percent. Singapore’s economy in shortSingapore is a prospering, highly developed economy, relying heavily on its role as an intermediary port for transport and storage of goods and merchandise. The lion’s share of its GDP is generated by the services sector, mainly by financial services, oil-refining, and manufacturing. Tourism is also an important contributor. It is one of the leading economies in Asia with one of the highest GDPs in the ASEAN region. The great slump of 2015 to 2016As dramatic as it looks, there was no definite reason for Singapore’s inflation rate to drop below zero in 2015 and 2016. A slump in economic growth and oil prices, as well as a low consumer price index were most likely responsible for inflation taking a hit in those years. Singapore has since recovered and continues its success story as one of the leading economies in the East.

The unemployment rate in Thailand reached 1.1 percent in 2020, a small increase from the previous year. Most of Thailand’s population is of working age and employed. About 46 percent of Thailand’s inhabitants work in the service sector, and another large portion of the population works in agriculture. Emerging and upwards Thailand is considered an emerging economy, as reflected by the country’s growing service sector. In recent years, Thailand has maintained a trade surplus, with the largest portion of exports going to China, the United States, and Japan. As of 2018, most of Taiwan’s exports are electrical machinery equipment and computers. An ASEAN leader Thailand is one of the founding members of the Association of Southeast Asian Nations (ASEAN), developed to nurture trade and economic growth among Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, and Vietnam. The organization has seen growth in gross domestic product (GDP) to over 2.5 trillion U.S. dollars. Among the countries involved, Thailand has the second largest economy with 487 billion U.S. dollars as of 2018.