Annual growth of exports of goods and services in Singapore
Singapore: Annual growth of exports of goods and services was 5.4% in 2024. ◆ Volatile
Annual growth of exports of goods and services in Singapore, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual growth of exports of goods and services in Singapore is 5.4%, measured in 2024.
That represents a change of down 4.7% on the previous year and up 50.3% over ten years.
Over the whole period, annual growth of exports of goods and services in Singapore peaked at 19.4% in 2004 and was at its lowest, -7.2%, in 2009.
Singapore ranks 69th of 176 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of exports of goods and services in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 14.3% | — |
| 2001 | -3.6% | -125.4% |
| 2002 | 7.4% | -302.7% |
| 2003 | 13.9% | +87.9% |
| 2004 | 19.4% | +39.9% |
| 2005 | 12.8% | -34.1% |
| 2006 | 10.9% | -14.3% |
| 2007 | 8.5% | -22.0% |
| 2008 | 5.3% | -38.4% |
| 2009 | -7.2% | -236.9% |
| 2010 | 17.8% | -347.1% |
| 2011 | 7.7% | -56.8% |
| 2012 | 1.4% | -81.8% |
| 2013 | 6.1% | +338.6% |
| 2014 | 3.6% | -41.0% |
| 2015 | 5.0% | +37.3% |
| 2016 | 0.1% | -97.2% |
| 2017 | 7.5% | +5292.9% |
| 2018 | 8.2% | +9.3% |
| 2019 | 0.1% | -99.2% |
| 2020 | -0.4% | -728.6% |
| 2021 | 8.8% | -2097.7% |
| 2022 | 4.9% | -44.0% |
| 2023 | 5.7% | +16.1% |
| 2024 | 5.4% | -4.7% |
Singapore compared with similar countries
- Singapore's 5.4% is above the median for high income countries, which is 2.2%, 2.5× the median. (62 countries reporting)
- Singapore's 5.4% is below the median for East Asia & Pacific, which is 6.8%, 80% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Annual growth of exports of goods and services 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 |
|---|---|---|---|
| 2017 | +5292.9% | 0.1% | 7.5% |
| 2021 | +2097.7% | -0.4% | 8.8% |
| 2020 | -728.6% | 0.1% | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.2% | -7.2% | 19.4% | 10 |
| 2010s | 5.8% | 0.1% | 17.8% | 10 |
| 2020s | 4.9% | -0.4% | 8.8% | 5 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 94.20 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.156 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 15,415 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 159.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 17.78 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.2634 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 26,032 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 12.55 % change on previous year (2025)
Frequently asked questions
- What is annual growth of exports of goods and services in Singapore?
- Annual growth of exports of goods and services in Singapore was 5.4% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of exports of goods and services recorded in Singapore?
- The highest recorded value was 19.4% in 2004.
- What is the lowest annual growth of exports of goods and services recorded in Singapore?
- The lowest recorded value was -7.2% in 2009.
- How does Singapore rank for annual growth of exports of goods and services?
- Singapore ranks 69th out of 176 countries with data for 2024.
- Is annual growth of exports of goods and services rising or falling in Singapore?
- Over the last ten years it is up 50.3%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of exports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of exports of goods and services (%).