Singapore Economic Growth 1960-2024
GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
- Singapore economic growth for 2023 was $501.43B, a 0.59% increase from 2022.
- Singapore economic growth for 2022 was $498.47B, a 14.83% increase from 2021.
- Singapore economic growth for 2021 was $434.11B, a 24.21% increase from 2020.
- Singapore economic growth for 2020 was $349.49B, a 7.27% decline from 2019.
| Similar Country Ranking |
| Country Name |
Billions of US $ |
| United States |
$27,360.94B |
| Germany |
$4,456.08B |
| Japan |
$4,212.95B |
| United Kingdom |
$3,340.03B |
| France |
$3,030.90B |
| Italy |
$2,254.85B |
| Canada |
$2,140.09B |
| Australia |
$1,723.83B |
| South Korea |
$1,712.79B |
| Spain |
$1,580.69B |
| Netherlands |
$1,118.12B |
| Saudi Arabia |
$1,067.58B |
| Switzerland |
$884.94B |
| Poland |
$811.23B |
| Argentina |
$640.59B |
| Belgium |
$632.22B |
| Sweden |
$593.27B |
| Ireland |
$545.63B |
| Austria |
$516.03B |
| Israel |
$509.90B |
| UAE |
$504.17B |
| Singapore |
$501.43B |
| Norway |
$485.51B |
| Denmark |
$404.20B |
| Hong Kong |
$382.05B |
| Chile |
$335.53B |
| Czech Republic |
$330.86B |
| Finland |
$300.19B |
| Portugal |
$287.08B |
| New Zealand |
$253.47B |
| Greece |
$238.21B |
| Hungary |
$212.39B |
| Kuwait |
$161.77B |
| Slovak Republic |
$132.79B |
| Puerto Rico |
$117.90B |
| Oman |
$108.19B |
| Luxembourg |
$85.76B |
| Panama |
$83.38B |
| Croatia |
$82.69B |
| Lithuania |
$77.84B |
| Uruguay |
$77.24B |
| Slovenia |
$68.22B |
| Macao |
$47.06B |
| Latvia |
$43.63B |
| Bahrain |
$43.21B |
| Estonia |
$40.74B |
| Cyprus |
$32.23B |
| Iceland |
$31.02B |
| Trinidad and Tobago |
$28.14B |
| Malta |
$20.96B |
| Brunei |
$15.13B |
| Bahamas |
$14.34B |
| Barbados |
$6.39B |
| Andorra |
$3.73B |
| Seychelles |
$2.14B |
| Antigua and Barbuda |
$2.03B |
| Sint Maarten (Dutch part) |
$1.62B |
| Turks and Caicos Islands |
$1.40B |
| St. Kitts and Nevis |
$1.08B |
| Palau |
$0.26B |
| Singapore Economic Growth - Historical Data |
| Year |
GDP |
Per Capita |
Growth Rate |
| 2023 |
$501.43B |
$84,734 |
1.08% |
| 2022 |
$498.47B |
$88,429 |
3.84% |
| 2021 |
$434.11B |
$79,601 |
9.69% |
| 2020 |
$349.49B |
$61,467 |
-3.87% |
| 2019 |
$376.90B |
$66,082 |
1.35% |
| 2018 |
$376.89B |
$66,841 |
3.52% |
| 2017 |
$343.26B |
$61,162 |
4.51% |
| 2016 |
$319.05B |
$56,900 |
3.59% |
| 2015 |
$308.00B |
$55,646 |
2.98% |
| 2014 |
$314.86B |
$57,565 |
3.94% |
| 2013 |
$307.58B |
$56,967 |
4.82% |
| 2012 |
$295.09B |
$55,548 |
4.44% |
| 2011 |
$279.36B |
$53,891 |
6.21% |
| 2010 |
$239.81B |
$47,237 |
14.52% |
| 2009 |
$194.15B |
$38,927 |
0.13% |
| 2008 |
$193.62B |
$40,009 |
1.86% |
| 2007 |
$180.94B |
$39,433 |
9.02% |
| 2006 |
$148.63B |
$33,768 |
9.01% |
| 2005 |
$127.81B |
$29,961 |
7.37% |
| 2004 |
$115.03B |
$27,608 |
9.94% |
| 2003 |
$97.65B |
$23,730 |
4.55% |
| 2002 |
$92.54B |
$22,160 |
3.92% |
| 2001 |
$89.79B |
$21,700 |
-1.07% |
| 2000 |
$96.08B |
$23,853 |
9.04% |
| 1999 |
$86.29B |
$21,797 |
5.72% |
| 1998 |
$85.73B |
$21,829 |
-2.19% |
| 1997 |
$100.12B |
$26,376 |
8.32% |
| 1996 |
$96.29B |
$26,233 |
7.47% |
| 1995 |
$87.81B |
$24,915 |
7.18% |
| 1994 |
$73.69B |
$21,552 |
11.10% |
| 1993 |
$60.60B |
$18,290 |
11.46% |
| 1992 |
$52.13B |
$16,136 |
6.64% |
| 1991 |
$45.47B |
$14,502 |
6.69% |
| 1990 |
$36.14B |
$11,862 |
9.82% |
| 1989 |
$30.47B |
$10,395 |
10.16% |
| 1988 |
$25.37B |
$8,914 |
11.26% |
| 1987 |
$20.92B |
$7,539 |
10.80% |
| 1986 |
$18.59B |
$6,800 |
1.34% |
| 1985 |
$19.16B |
$7,002 |
-0.62% |
| 1984 |
$19.75B |
$7,228 |
8.79% |
| 1983 |
$17.78B |
$6,633 |
8.55% |
| 1982 |
$16.08B |
$6,078 |
7.10% |
| 1981 |
$14.18B |
$5,597 |
10.82% |
| 1980 |
$11.90B |
$4,928 |
10.11% |
| 1979 |
$9.30B |
$3,901 |
9.55% |
| 1978 |
$7.52B |
$3,194 |
7.78% |
| 1977 |
$6.62B |
$2,846 |
6.85% |
| 1976 |
$6.33B |
$2,759 |
7.44% |
| 1975 |
$5.63B |
$2,490 |
3.99% |
| 1974 |
$5.22B |
$2,342 |
6.12% |
| 1973 |
$3.70B |
$1,685 |
10.60% |
| 1972 |
$2.72B |
$1,264 |
13.32% |
| 1971 |
$2.26B |
$1,071 |
12.41% |
| 1970 |
$1.92B |
$926 |
13.94% |
| 1969 |
$1.66B |
$813 |
13.83% |
| 1968 |
$1.43B |
$709 |
13.53% |
| 1967 |
$1.24B |
$626 |
12.51% |
| 1966 |
$1.10B |
$567 |
10.18% |
| 1965 |
$0.97B |
$517 |
7.83% |
| 1964 |
$0.89B |
$486 |
-3.10% |
| 1963 |
$0.92B |
$511 |
10.04% |
| 1962 |
$0.83B |
$472 |
7.55% |
| 1961 |
$0.76B |
$449 |
8.14% |
| 1960 |
$0.70B |
$428 |
% |
