Annual growth of general government final consumption expenditure in Singapore
Singapore: Annual growth of general government final consumption expenditure was 2.6 in 2023. ◆ Volatile
Latest (2023)
2.6
Change on year
up 240.5%
World rank
65th
of 167 countries
All-time high
18.32
in 2000
All-time low
-1.85
in 2022
Years of data
24
2000–2023
Annual growth of general government final consumption expenditure in Singapore, 2000–2023
Source: Our World in Data.
Analysis
In 2023, annual growth of general government final consumption expenditure in Singapore stood at 2.6.
That represents a change of up 240.5% on the previous year and down 77.8% over ten years.
Over the whole period, annual growth of general government final consumption expenditure in Singapore peaked at 18.32 in 2000 and was at its lowest, -1.85, in 2022.
Singapore ranks 65th of 167 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 general government final consumption expenditure in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 18.32 | — |
| 2001 | 5.06 | -72.4% |
| 2002 | 4.62 | -8.7% |
| 2003 | 0.91 | -80.3% |
| 2004 | 1.01 | +11.0% |
| 2005 | 4.02 | +298.0% |
| 2006 | 7.31 | +81.8% |
| 2007 | 2.43 | -66.8% |
| 2008 | 6.33 | +160.5% |
| 2009 | 4.86 | -23.2% |
| 2010 | 10.22 | +110.3% |
| 2011 | -0.18 | -101.8% |
| 2012 | 0.86 | -577.8% |
| 2013 | 11.73 | +1264.0% |
| 2014 | 0.62 | -94.7% |
| 2015 | 8.9 | +1335.5% |
| 2016 | 3.74 | -58.0% |
| 2017 | 3.4 | -9.1% |
| 2018 | 2.91 | -14.4% |
| 2019 | 3.39 | +16.5% |
| 2020 | 13.18 | +288.8% |
| 2021 | 3.89 | -70.5% |
| 2022 | -1.85 | -147.6% |
| 2023 | 2.6 | -240.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.49 | 0.91 | 18.32 | 10 |
| 2010s | 4.56 | -0.18 | 11.73 | 10 |
| 2020s | 4.46 | -1.85 | 13.18 | 4 |
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)
- Imports of goods and services (constant 2015 US$), annual growth rate 11.86 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 1.27 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 125,022 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth 3.61 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 1.38 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual -3.52 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0003 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 31.81 current LCU per person (2025)
Frequently asked questions
- What is annual growth of general government final consumption expenditure in Singapore?
- Annual growth of general government final consumption expenditure in Singapore was 2.6 in 2023, according to Our World in Data.
- What is the highest annual growth of general government final consumption expenditure recorded in Singapore?
- The highest recorded value was 18.32 in 2000.
- What is the lowest annual growth of general government final consumption expenditure recorded in Singapore?
- The lowest recorded value was -1.85 in 2022.
- How does Singapore rank for annual growth of general government final consumption expenditure?
- Singapore ranks 65th out of 167 countries with data for 2023.
- Is annual growth of general government final consumption expenditure rising or falling in Singapore?
- Over the last ten years it is down 77.8%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Our World in Data, published as part of Annual growth of general government final consumption expenditure. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).