Adjusted savings: gross savings in Singapore
Singapore: Adjusted savings: gross savings was 50.3% in 2021. ▲ Rising
Adjusted savings: gross savings in Singapore, 1972–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
Singapore recorded 50.3% for adjusted savings: gross savings in 2021.
That represents a change of up 8.4% on the previous year and down 0.5% over ten years.
Over the whole period, adjusted savings: gross savings in Singapore peaked at 51.3% in 2007 and was at its lowest, 25.9%, in 1973.
Singapore ranks 4th of 178 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 50 years of available data.
Adjusted savings: gross savings in Singapore, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1972 | 26.4% | — |
| 1973 | 25.9% | -1.7% |
| 1974 | 26.6% | +2.5% |
| 1975 | 29.4% | +10.6% |
| 1976 | 30.2% | +2.9% |
| 1977 | 30.5% | +1.0% |
| 1978 | 32.5% | +6.5% |
| 1979 | 35.6% | +9.4% |
| 1980 | 35.7% | +0.2% |
| 1981 | 38.0% | +6.7% |
| 1982 | 39.2% | +3.0% |
| 1983 | 42.8% | +9.1% |
| 1984 | 44.4% | +3.7% |
| 1985 | 41.2% | -7.1% |
| 1986 | 39.8% | -3.5% |
| 1987 | 38.9% | -2.3% |
| 1988 | 41.9% | +7.9% |
| 1989 | 43.0% | +2.6% |
| 1990 | 44.2% | +2.7% |
| 1991 | 45.7% | +3.4% |
| 1992 | 47.0% | +2.8% |
| 1993 | 45.3% | -3.5% |
| 1994 | 48.0% | +6.0% |
| 1995 | 50.2% | +4.6% |
| 1996 | 49.2% | -2.0% |
| 1997 | 51.3% | +4.2% |
| 1998 | 50.6% | -1.3% |
| 1999 | 48.4% | -4.4% |
| 2000 | 46.7% | -3.5% |
| 2001 | 40.4% | -13.5% |
| 2002 | 39.2% | -2.8% |
| 2003 | 40.5% | +3.2% |
| 2004 | 43.2% | +6.8% |
| 2005 | 46.2% | +7.0% |
| 2006 | 49.5% | +7.1% |
| 2007 | 51.3% | +3.7% |
| 2008 | 46.1% | -10.3% |
| 2009 | 46.3% | +0.5% |
| 2010 | 51.1% | +10.6% |
| 2011 | 50.5% | -1.2% |
| 2012 | 49.5% | -2.2% |
| 2013 | 48.1% | -2.7% |
| 2014 | 49.0% | +1.9% |
| 2015 | 47.3% | -3.5% |
| 2016 | 47.6% | +0.8% |
| 2017 | 49.2% | +3.3% |
| 2018 | 47.7% | -3.1% |
| 2019 | 45.6% | -4.3% |
| 2020 | 46.4% | +1.7% |
| 2021 | 50.3% | +8.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.6% | 25.9% | 35.6% | 8 |
| 1980s | 40.5% | 35.7% | 44.4% | 10 |
| 1990s | 48.0% | 44.2% | 51.3% | 10 |
| 2000s | 44.9% | 39.2% | 51.3% | 10 |
| 2010s | 48.6% | 45.6% | 51.1% | 10 |
| 2020s | 48.3% | 46.4% | 50.3% | 2 |
Countries ranked near Singapore
More economy & growth data for Singapore
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.5 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 8.49 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2249 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 22,220 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 6.15 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.294 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 29,051 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 4.13 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1757 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Singapore?
- Adjusted savings: gross savings in Singapore was 50.3% in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Singapore?
- The highest recorded value was 51.3% in 2007.
- What is the lowest adjusted savings: gross savings recorded in Singapore?
- The lowest recorded value was 25.9% in 1973.
- How does Singapore rank for adjusted savings: gross savings?
- Singapore ranks 4th out of 178 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in Singapore?
- Over the last ten years it is down 0.5%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.