Annual GDP growth in Singapore
Singapore: Annual GDP growth was 4.4% in 2024. ◆ Volatile
Annual GDP growth in Singapore, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in Singapore stood at 4.4%.
Compared with earlier readings it is up 140.9% on the previous year and up 11.5% over ten years.
Over the whole period, annual gdp growth in Singapore peaked at 14.5% in 2010 and was at its lowest, -3.8%, in 2020.
That places Singapore 50th out of 196 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 9.0% | — |
| 2001 | -1.1% | -111.8% |
| 2002 | 3.9% | -466.4% |
| 2003 | 4.5% | +15.9% |
| 2004 | 9.9% | +118.5% |
| 2005 | 7.4% | -25.9% |
| 2006 | 9.0% | +22.3% |
| 2007 | 9.0% | +0.2% |
| 2008 | 1.9% | -79.3% |
| 2009 | 0.1% | -93.1% |
| 2010 | 14.5% | +11247.7% |
| 2011 | 6.2% | -57.2% |
| 2012 | 4.4% | -28.6% |
| 2013 | 4.8% | +8.6% |
| 2014 | 3.9% | -18.3% |
| 2015 | 3.0% | -24.4% |
| 2016 | 3.7% | +25.9% |
| 2017 | 4.5% | +19.5% |
| 2018 | 3.5% | -22.9% |
| 2019 | 1.3% | -62.1% |
| 2020 | -3.8% | -391.6% |
| 2021 | 9.8% | -355.8% |
| 2022 | 4.1% | -57.9% |
| 2023 | 1.8% | -55.7% |
| 2024 | 4.4% | +140.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.4% | -1.1% | 9.9% | 10 |
| 2010s | 5.0% | 1.3% | 14.5% | 10 |
| 2020s | 3.3% | -3.8% | 9.8% | 5 |
Countries ranked near Singapore
- 47 Bhutan 4.6% compare
- 48 Kosovo 4.6% compare
- 49 Angola 4.4% compare
- 51 Russian Federation 4.3% compare
- 52 Costa Rica 4.3% compare
- 53 Sierra Leone 4.3% compare
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)
- GDP (current US$), annual growth rate 5.41 % change on previous year (2025)
- GDP (current US$), per capita 98,814 current US$ per person (2025)
- GDP (current LCU), annual growth rate 3.14 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 1.31 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 129,194 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 5.03 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.7153 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 70,684 constant 2015 US$ per person (2025)
Frequently asked questions
- What is annual gdp growth in Singapore?
- Annual gdp growth in Singapore was 4.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Singapore?
- The highest recorded value was 14.5% in 2010.
- What is the lowest annual gdp growth recorded in Singapore?
- The lowest recorded value was -3.8% in 2020.
- How does Singapore rank for annual gdp growth?
- Singapore ranks 50th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Singapore?
- Over the last ten years it is up 11.5%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).