Annual growth of the gross capital formation in Singapore
Singapore: Annual growth of the gross capital formation was 10.1% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Singapore, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual growth of the gross capital formation in Singapore stood at 10.1%.
Compared with earlier readings it is up 179.8% on the previous year and up 4,955.0% over ten years.
Over the whole period, annual growth of the gross capital formation in Singapore peaked at 47.6% in 2004 and was at its lowest, -28.8%, in 2003.
That places Singapore 36th out of 167 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 27.4% | — |
| 2001 | -22.1% | -180.7% |
| 2002 | -4.6% | -79.1% |
| 2003 | -28.8% | +522.3% |
| 2004 | 47.6% | -265.5% |
| 2005 | 0.6% | -98.7% |
| 2006 | 14.5% | +2282.0% |
| 2007 | 11.5% | -20.6% |
| 2008 | 28.8% | +149.8% |
| 2009 | -9.2% | -131.8% |
| 2010 | 22.5% | -345.3% |
| 2011 | 3.6% | -84.0% |
| 2012 | 14.0% | +288.9% |
| 2013 | 4.6% | -67.2% |
| 2014 | 0.2% | -95.7% |
| 2015 | -9.8% | -4995.0% |
| 2016 | 9.6% | -198.2% |
| 2017 | 11.1% | +15.0% |
| 2018 | -3.3% | -130.0% |
| 2019 | -0.6% | -81.6% |
| 2020 | -12.6% | +1965.6% |
| 2021 | 22.9% | -281.5% |
| 2022 | 3.5% | -84.9% |
| 2023 | -12.7% | -467.2% |
| 2024 | 10.1% | -179.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.6% | -28.8% | 47.6% | 10 |
| 2010s | 5.2% | -9.8% | 22.5% | 10 |
| 2020s | 2.2% | -12.7% | 22.9% | 5 |
Countries ranked near Singapore
- 33 Benin 10.5% compare
- 34 North Macedonia 10.4% compare
- 35 Congo, Democratic Republic of the 10.3% compare
- 37 Gambia 9.7% compare
- 38 Costa Rica 9.4% compare
- 39 Mauritania 9.2% 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)
- 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 the gross capital formation in Singapore?
- Annual growth of the gross capital formation in Singapore was 10.1% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of the gross capital formation recorded in Singapore?
- The highest recorded value was 47.6% in 2004.
- What is the lowest annual growth of the gross capital formation recorded in Singapore?
- The lowest recorded value was -28.8% in 2003.
- How does Singapore rank for annual growth of the gross capital formation?
- Singapore ranks 36th out of 167 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Singapore?
- Over the last ten years it is up 4,955.0%. 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 the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).