Annual growth of the general government final consumption expenditure in Singapore
Singapore: Annual growth of the general government final consumption expenditure was 8.3% in 2024. ◆ Volatile
Latest (2024)
8.3%
Change on year
up 369.1%
World rank
18th
of 181 countries
All-time high
18.3%
in 2000
All-time low
-2.3%
in 2022
Years of data
25
2000–2024
Annual growth of the general government final consumption expenditure in Singapore, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Singapore recorded 8.3% for annual growth of the general government final consumption expenditure in 2024.
The figure is up 369.1% on the previous year and up 1,234.6% over ten years.
Over the whole period, annual growth of the general government final consumption expenditure in Singapore peaked at 18.3% in 2000 and was at its lowest, -2.3%, in 2022.
That places Singapore 18th out of 181 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the general government final consumption expenditure in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 18.3% | — |
| 2001 | 5.1% | -72.4% |
| 2002 | 4.6% | -8.6% |
| 2003 | 0.9% | -80.3% |
| 2004 | 1.0% | +11.1% |
| 2005 | 4.0% | +296.6% |
| 2006 | 7.3% | +82.1% |
| 2007 | 2.4% | -66.7% |
| 2008 | 6.3% | +160.0% |
| 2009 | 4.9% | -23.3% |
| 2010 | 10.2% | +110.4% |
| 2011 | -0.2% | -101.8% |
| 2012 | 0.9% | -571.3% |
| 2013 | 11.7% | +1263.6% |
| 2014 | 0.6% | -94.7% |
| 2015 | 8.9% | +1326.8% |
| 2016 | 3.7% | -58.4% |
| 2017 | 3.4% | -9.0% |
| 2018 | 2.9% | -12.7% |
| 2019 | 3.6% | +22.2% |
| 2020 | 13.2% | +268.3% |
| 2021 | 3.9% | -70.3% |
| 2022 | -2.3% | -158.9% |
| 2023 | 1.8% | -176.8% |
| 2024 | 8.3% | +369.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.5% | 0.9% | 18.3% | 10 |
| 2010s | 4.6% | -0.2% | 11.7% | 10 |
| 2020s | 5.0% | -2.3% | 13.2% | 5 |
Countries ranked near Singapore
- 15 United Republic of Tanzania 9.5% compare
- 16 Malta 9.2% compare
- 17 Poland 8.7% compare
- 19 Equatorial Guinea 8.2% compare
- 20 Chad 8.2% compare
- 21 Seychelles 8.1% 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)
- 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 the general government final consumption expenditure in Singapore?
- Annual growth of the general government final consumption expenditure in Singapore was 8.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the general government final consumption expenditure recorded in Singapore?
- The highest recorded value was 18.3% in 2000.
- What is the lowest annual growth of the general government final consumption expenditure recorded in Singapore?
- The lowest recorded value was -2.3% in 2022.
- How does Singapore rank for annual growth of the general government final consumption expenditure?
- Singapore ranks 18th out of 181 countries with data for 2024.
- Is annual growth of the general government final consumption expenditure rising or falling in Singapore?
- Over the last ten years it is up 1,234.6%. 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 growth of the general government final consumption expenditure (%). 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).