Adjusted savings: net national savings in Singapore
Singapore: Adjusted savings: net national savings was 29.5% in 2021. ▲ Rising
Adjusted savings: net national savings in Singapore, 1972–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2021, adjusted savings: net national savings in Singapore stood at 29.5%.
Compared with earlier readings it is up 22.4% on the previous year and down 19.3% over ten years.
Over the whole period, adjusted savings: net national savings in Singapore peaked at 39.1% in 1997 and was at its lowest, 17.1%, in 1974.
Singapore ranks 10th of 177 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: net national savings in Singapore, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1972 | 18.9% | — |
| 1973 | 17.8% | -5.9% |
| 1974 | 17.1% | -4.2% |
| 1975 | 19.4% | +13.6% |
| 1976 | 18.8% | -3.2% |
| 1977 | 18.3% | -2.6% |
| 1978 | 20.0% | +9.7% |
| 1979 | 23.1% | +15.5% |
| 1980 | 21.4% | -7.5% |
| 1981 | 23.0% | +7.6% |
| 1982 | 23.7% | +2.8% |
| 1983 | 27.9% | +17.6% |
| 1984 | 30.1% | +8.1% |
| 1985 | 25.9% | -14.1% |
| 1986 | 23.0% | -11.1% |
| 1987 | 21.5% | -6.5% |
| 1988 | 26.0% | +21.1% |
| 1989 | 28.0% | +7.5% |
| 1990 | 29.7% | +6.0% |
| 1991 | 31.1% | +4.8% |
| 1992 | 32.4% | +4.2% |
| 1993 | 30.5% | -6.0% |
| 1994 | 34.6% | +13.6% |
| 1995 | 37.6% | +8.6% |
| 1996 | 36.4% | -3.0% |
| 1997 | 39.1% | +7.3% |
| 1998 | 36.3% | -7.2% |
| 1999 | 33.3% | -8.2% |
| 2000 | 32.2% | -3.2% |
| 2001 | 24.2% | -24.8% |
| 2002 | 22.3% | -8.1% |
| 2003 | 23.0% | +3.1% |
| 2004 | 25.7% | +12.0% |
| 2005 | 29.5% | +14.8% |
| 2006 | 34.5% | +17.0% |
| 2007 | 37.2% | +7.6% |
| 2008 | 30.3% | -18.5% |
| 2009 | 29.4% | -3.0% |
| 2010 | 37.4% | +27.3% |
| 2011 | 36.5% | -2.3% |
| 2012 | 34.9% | -4.4% |
| 2013 | 33.0% | -5.5% |
| 2014 | 34.1% | +3.4% |
| 2015 | 30.7% | -10.0% |
| 2016 | 31.1% | +1.0% |
| 2017 | 32.7% | +5.4% |
| 2018 | 29.4% | -10.1% |
| 2019 | 25.8% | -12.1% |
| 2020 | 24.1% | -6.8% |
| 2021 | 29.5% | +22.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.2% | 17.1% | 23.1% | 8 |
| 1980s | 25.0% | 21.4% | 30.1% | 10 |
| 1990s | 34.1% | 29.7% | 39.1% | 10 |
| 2000s | 28.8% | 22.3% | 37.2% | 10 |
| 2010s | 32.6% | 25.8% | 37.4% | 10 |
| 2020s | 26.8% | 24.1% | 29.5% | 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)
- Households and NPISHs Final consumption expenditure (current LCU) 4.5 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.4065 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 40,165 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 3.88 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.2551 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 25,208 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 6.97 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.4134 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: net national savings in Singapore?
- Adjusted savings: net national savings in Singapore was 29.5% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Singapore?
- The highest recorded value was 39.1% in 1997.
- What is the lowest adjusted savings: net national savings recorded in Singapore?
- The lowest recorded value was 17.1% in 1974.
- How does Singapore rank for adjusted savings: net national savings?
- Singapore ranks 10th out of 177 countries with data for 2021.
- Is adjusted savings: net national savings rising or falling in Singapore?
- Over the last ten years it is down 19.3%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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.