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. Measured in %.
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 60th out of 230 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 | % | 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% |
Singapore compared with similar countries
- Singapore's 4.4% is above the median for high income countries, which is 2.1%, 2.1× the median. (80 countries reporting)
- Singapore's 4.4% is above the median for East Asia & Pacific, which is 3.5%, 1.2× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Singapore changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +11247.7% | 0.1% | 14.5% |
| 2002 | +466.4% | -1.1% | 3.9% |
| 2021 | +355.8% | -3.8% | 9.8% |
| 2020 | -391.6% | 1.3% | -3.8% |
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
More economy & growth data for Singapore
- Real gdp growth, annual growth rate -6.01 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.49 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,066 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.451 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0079 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 778.55 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.63 % change on previous year (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 60th out of 230 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).