Singapore Consumer Spending 1960-2024
Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.
- Singapore consumer spending for 2023 was $157.02B, a 11.46% increase from 2022.
- Singapore consumer spending for 2022 was $140.88B, a 11.95% increase from 2021.
- Singapore consumer spending for 2021 was $125.84B, a 12.67% increase from 2020.
- Singapore consumer spending for 2020 was $111.69B, a 16.19% decline from 2019.
| Singapore Consumer Spending - Historical Data |
| Year |
Spending |
Per Capita |
Growth Rate |
| 2023 |
$157.02B |
$23,232 |
3.76% |
| 2022 |
$140.88B |
$23,496 |
8.24% |
| 2021 |
$125.84B |
$22,436 |
8.11% |
| 2020 |
$111.69B |
$19,906 |
-13.33% |
| 2019 |
$133.26B |
$22,895 |
2.70% |
| 2018 |
$130.22B |
$22,550 |
4.34% |
| 2017 |
$120.83B |
$21,714 |
3.16% |
| 2016 |
$116.33B |
$21,068 |
3.22% |
| 2015 |
$114.45B |
$20,677 |
5.15% |
| 2014 |
$118.34B |
$19,899 |
3.60% |
| 2013 |
$114.83B |
$19,457 |
2.82% |
| 2012 |
$110.09B |
$19,234 |
3.72% |
| 2011 |
$102.29B |
$19,004 |
3.96% |
| 2010 |
$87.14B |
$18,665 |
4.35% |
| 2009 |
$75.92B |
$18,206 |
-0.28% |
| 2008 |
$77.35B |
$18,816 |
4.28% |
| 2007 |
$66.52B |
$19,030 |
7.01% |
| 2006 |
$56.64B |
$18,541 |
4.39% |
| 2005 |
$50.93B |
$18,327 |
4.10% |
| 2004 |
$48.31B |
$18,024 |
5.26% |
| 2003 |
$44.46B |
$17,340 |
1.28% |
| 2002 |
$42.74B |
$16,870 |
3.45% |
| 2001 |
$41.53B |
$16,457 |
8.07% |
| 2000 |
$40.21B |
$15,645 |
13.58% |
| 1999 |
$36.15B |
$14,015 |
9.66% |
| 1998 |
$33.82B |
$12,883 |
-1.93% |
| 1997 |
$39.83B |
$13,591 |
5.74% |
| 1996 |
$38.92B |
$13,291 |
6.58% |
| 1995 |
$35.89B |
$12,988 |
3.86% |
| 1994 |
$31.66B |
$12,891 |
7.30% |
| 1993 |
$26.44B |
$12,397 |
11.76% |
| 1992 |
$22.59B |
$11,377 |
5.89% |
| 1991 |
$19.66B |
$11,072 |
6.13% |
| 1990 |
$16.11B |
$10,733 |
7.39% |
| 1989 |
$13.96B |
$10,391 |
8.30% |
| 1988 |
$11.79B |
$9,881 |
11.42% |
| 1987 |
$9.86B |
$9,096 |
10.22% |
| 1986 |
$8.66B |
$8,377 |
3.93% |
| 1985 |
$8.57B |
$8,053 |
-0.08% |
| 1984 |
$8.60B |
$8,070 |
5.85% |
| 1983 |
$7.77B |
$7,770 |
5.69% |
| 1982 |
$7.36B |
$7,448 |
4.02% |
| 1981 |
$6.79B |
$7,481 |
4.85% |
| 1980 |
$6.01B |
$7,486 |
5.65% |
| 1979 |
$5.03B |
$7,176 |
6.64% |
| 1978 |
$4.21B |
$6,815 |
6.57% |
| 1977 |
$3.80B |
$6,473 |
5.22% |
| 1976 |
$3.68B |
$6,237 |
5.27% |
| 1975 |
$3.38B |
$6,006 |
3.22% |
| 1974 |
$3.16B |
$5,904 |
6.90% |
| 1973 |
$2.28B |
$5,615 |
8.12% |
| 1972 |
$1.68B |
$5,292 |
9.14% |
| 1971 |
$1.49B |
$4,939 |
11.83% |
| 1970 |
$1.29B |
$4,498 |
12.61% |
| 1969 |
$1.13B |
$4,057 |
8.33% |
| 1968 |
$1.04B |
$3,802 |
10.05% |
| 1967 |
$0.94B |
$3,515 |
9.05% |
| 1966 |
$0.84B |
$3,295 |
7.10% |
| 1965 |
$0.77B |
$3,154 |
3.91% |
| 1964 |
$0.73B |
$3,110 |
-4.89% |
| 1963 |
$0.76B |
$3,355 |
4.68% |
| 1962 |
$0.72B |
$3,287 |
3.88% |
| 1961 |
$0.69B |
$3,253 |
9.56% |
| 1960 |
$0.63B |
$3,070 |
% |
