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Singapore GDP

Singapore's GDP rose to $547.39 billion in 2024, up from $505.44 billion in 2023, according to World Bank. This represents an increase of 8.3% ($41.95 billion) from the previous year and accounts for 0.49% of the world's total GDP. Singapore has GDP higher than the global median ($547.39 billion vs median $35.85 billion). Compared with the median in Asia, Singapore is higher ($547.39 billion vs regional median $98.96 billion) and ranks 7th out of 47 countries in Asia.

Singapore's GDP per capita rose to $67,706.83 in 2024, up from $66,167.36 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 547.39
2023 505.44
2022 509.02
2021 436.59
2020 349.17
2019 376.16
2018 377.12
2017 343.67
2016 319.65
2015 308
2014 314.86
2013 307.58
2012 295.09
2011 279.36
2010 239.81
2009 194.15
2008 193.62
2007 180.94
2006 148.63
2005 127.81
2004 115.03
2003 97.65
2002 92.54
2001 89.79
2000 96.08
1999 86.29
1998 85.73
1997 100.12
1996 96.29
1995 87.81
1994 73.69
1993 60.6
1992 52.13
1991 45.47
1990 36.14
1989 30.47
1988 25.37
1987 20.92
1986 18.59
1985 19.16
1984 19.75
1983 17.78
1982 16.08
1981 14.18
1980 11.9
1979 9.3
1978 7.52
1977 6.62
1976 6.33
1975 5.63
1974 5.22
1973 3.7
1972 2.72
1971 2.26
1970 1.92
1969 1.66
1968 1.43
1967 1.24
1966 1.1
1965 0.97
1964 0.89
1963 0.92
1962 0.83
1961 0.76
1960 0.7
Singapore GDP : Definition
GDP measures the total value of all goods and services produced in Singapore, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 4.39% 1.82% 2024
GDP Growth Rate (QoQ) 1.3% 1.5% Sep'25
GDP Growth Rate (YoY) 2.9% 4.5% Sep'25
GDP per Capita $67,706.83 $66,167.36 2024
GDP per Capita PPP $132,569.5 $129,555.2 2024
R&D Expenditure (% GDP) 2.16% 1.88% 2020
Real GDP $408.74B $391.56B 2024