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Singapore Real GDP

Singapore's real GDP rose to $408.74 billion in 2024, up from $391.56 billion in 2023, according to World Bank. This represents an increase of 4.4% ($17.18 billion) from the previous year and accounts for 0.42% of the world's total real GDP. Singapore has real GDP higher than the global median ($408.74 billion vs median $29.34 billion). Compared with the median in Asia, Singapore is higher ($408.74 billion vs regional median $91.45 billion) and ranks 14th 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 Real GDP (Billion USD)
2024 408.74
2023 391.56
2022 384.55
2021 369.38
2020 336.54
2019 349.89
2018 345.37
2017 333.85
2016 319.54
2015 308
2014 299.1
2013 287.77
2012 274.54
2011 262.88
2010 247.5
2009 216.12
2008 215.84
2007 211.9
2006 194.36
2005 178.3
2004 166.07
2003 151.05
2002 144.48
2001 139.03
2000 140.53
1999 128.88
1998 121.91
1997 124.64
1996 115.07
1995 107.07
1994 99.91
1993 89.93
1992 80.68
1991 75.66
1990 70.91
1989 64.57
1988 58.62
1987 52.68
1986 47.55
1985 46.92
1984 47.21
1983 43.4
1982 39.98
1981 37.33
1980 33.68
1979 30.59
1978 27.92
1977 25.91
1976 24.25
1975 22.57
1974 21.7
1973 20.45
1972 18.49
1971 16.32
1970 14.52
1969 12.74
1968 11.19
1967 9.86
1966 8.76
1965 7.95
1964 7.37
1963 7.61
1962 6.92
1961 6.43
1960 5.95
Singapore Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Singapore, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $547.39B $505.44B 2024
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