Gross domestic product (GDP) in Singapore
Singapore: Gross domestic product (GDP) was 596.79 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
596.79 billion international-$ in 2021 prices
Change on year
down 3.9%
World rank
44th
of 184 countries
All-time high
620.70 billion international-$ in 2021 prices
in 2022
All-time low
5.34 billion international-$ in 2021 prices
in 1960
Years of data
64
1960–2023
Gross domestic product (GDP) in Singapore, 1960–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Singapore recorded 596.79 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023.
That represents a change of down 3.9% on the previous year and up 35.4% over ten years.
Over the whole period, gross domestic product (gdp) in Singapore peaked at 620.70 billion international-$ in 2021 prices in 2022 and was at its lowest, 5.34 billion international-$ in 2021 prices, in 1960.
That places Singapore 44th out of 184 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Singapore, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1960 | 5.34 billion international-$ in 2021 prices | — |
| 1961 | 6.19 billion international-$ in 2021 prices | +16.0% |
| 1962 | 7.17 billion international-$ in 2021 prices | +15.7% |
| 1963 | 8.29 billion international-$ in 2021 prices | +15.7% |
| 1964 | 8.49 billion international-$ in 2021 prices | +2.4% |
| 1965 | 9.22 billion international-$ in 2021 prices | +8.6% |
| 1966 | 10.44 billion international-$ in 2021 prices | +13.2% |
| 1967 | 12.04 billion international-$ in 2021 prices | +15.3% |
| 1968 | 13.40 billion international-$ in 2021 prices | +11.3% |
| 1969 | 15.63 billion international-$ in 2021 prices | +16.7% |
| 1970 | 18.15 billion international-$ in 2021 prices | +16.1% |
| 1971 | 20.69 billion international-$ in 2021 prices | +14.0% |
| 1972 | 22.82 billion international-$ in 2021 prices | +10.3% |
| 1973 | 25.28 billion international-$ in 2021 prices | +10.8% |
| 1974 | 30.41 billion international-$ in 2021 prices | +20.3% |
| 1975 | 31.33 billion international-$ in 2021 prices | +3.0% |
| 1976 | 35.07 billion international-$ in 2021 prices | +11.9% |
| 1977 | 37.06 billion international-$ in 2021 prices | +5.7% |
| 1978 | 41.18 billion international-$ in 2021 prices | +11.1% |
| 1979 | 47.45 billion international-$ in 2021 prices | +15.2% |
| 1980 | 53.00 billion international-$ in 2021 prices | +11.7% |
| 1981 | 53.29 billion international-$ in 2021 prices | +0.6% |
| 1982 | 55.89 billion international-$ in 2021 prices | +4.9% |
| 1983 | 62.00 billion international-$ in 2021 prices | +10.9% |
| 1984 | 69.20 billion international-$ in 2021 prices | +11.6% |
| 1985 | 62.70 billion international-$ in 2021 prices | -9.4% |
| 1986 | 65.83 billion international-$ in 2021 prices | +5.0% |
| 1987 | 74.63 billion international-$ in 2021 prices | +13.4% |
| 1988 | 81.14 billion international-$ in 2021 prices | +8.7% |
| 1989 | 84.09 billion international-$ in 2021 prices | +3.6% |
| 1990 | 97.28 billion international-$ in 2021 prices | +15.7% |
| 1991 | 92.05 billion international-$ in 2021 prices | -5.4% |
| 1992 | 92.03 billion international-$ in 2021 prices | -0.0% |
| 1993 | 90.31 billion international-$ in 2021 prices | -1.9% |
| 1994 | 85.53 billion international-$ in 2021 prices | -5.3% |
| 1995 | 89.95 billion international-$ in 2021 prices | +5.2% |
| 1996 | 110.26 billion international-$ in 2021 prices | +22.6% |
| 1997 | 118.04 billion international-$ in 2021 prices | +7.1% |
| 1998 | 130.48 billion international-$ in 2021 prices | +10.5% |
| 1999 | 137.34 billion international-$ in 2021 prices | +5.3% |
| 2000 | 185.53 billion international-$ in 2021 prices | +35.1% |
| 2001 | 177.57 billion international-$ in 2021 prices | -4.3% |
| 2002 | 195.00 billion international-$ in 2021 prices | +9.8% |
| 2003 | 182.00 billion international-$ in 2021 prices | -6.7% |
| 2004 | 215.93 billion international-$ in 2021 prices | +18.6% |
| 2005 | 298.18 billion international-$ in 2021 prices | +38.1% |
| 2006 | 333.89 billion international-$ in 2021 prices | +12.0% |
| 2007 | 367.32 billion international-$ in 2021 prices | +10.0% |
| 2008 | 336.61 billion international-$ in 2021 prices | -8.4% |
| 2009 | 328.04 billion international-$ in 2021 prices | -2.5% |
| 2010 | 415.98 billion international-$ in 2021 prices | +26.8% |
| 2011 | 450.36 billion international-$ in 2021 prices | +8.3% |
| 2012 | 454.96 billion international-$ in 2021 prices | +1.0% |
| 2013 | 440.88 billion international-$ in 2021 prices | -3.1% |
| 2014 | 481.46 billion international-$ in 2021 prices | +9.2% |
| 2015 | 476.27 billion international-$ in 2021 prices | -1.1% |
| 2016 | 484.63 billion international-$ in 2021 prices | +1.8% |
| 2017 | 528.69 billion international-$ in 2021 prices | +9.1% |
| 2018 | 540.57 billion international-$ in 2021 prices | +2.2% |
| 2019 | 546.20 billion international-$ in 2021 prices | +1.0% |
| 2020 | 522.05 billion international-$ in 2021 prices | -4.4% |
| 2021 | 581.49 billion international-$ in 2021 prices | +11.4% |
| 2022 | 620.70 billion international-$ in 2021 prices | +6.7% |
| 2023 | 596.79 billion international-$ in 2021 prices | -3.9% |
Singapore compared with similar countries
- Singapore's 596.79 billion international-$ in 2021 prices is above the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 2.1× the median. (66 countries reporting)
- Singapore's 596.79 billion international-$ in 2021 prices is above the median for East Asia & Pacific, which is 596.79 billion international-$ in 2021 prices, 1.0× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.62 billion international-$ in 2021 prices | 5.34 billion international-$ in 2021 prices | 15.63 billion international-$ in 2021 prices | 10 |
| 1970s | 30.94 billion international-$ in 2021 prices | 18.15 billion international-$ in 2021 prices | 47.45 billion international-$ in 2021 prices | 10 |
| 1980s | 66.18 billion international-$ in 2021 prices | 53.00 billion international-$ in 2021 prices | 84.09 billion international-$ in 2021 prices | 10 |
| 1990s | 104.33 billion international-$ in 2021 prices | 85.53 billion international-$ in 2021 prices | 137.34 billion international-$ in 2021 prices | 10 |
| 2000s | 262.01 billion international-$ in 2021 prices | 177.57 billion international-$ in 2021 prices | 367.32 billion international-$ in 2021 prices | 10 |
| 2010s | 482.00 billion international-$ in 2021 prices | 415.98 billion international-$ in 2021 prices | 546.20 billion international-$ in 2021 prices | 10 |
| 2020s | 580.26 billion international-$ in 2021 prices | 522.05 billion international-$ in 2021 prices | 620.70 billion international-$ in 2021 prices | 4 |
Countries ranked near Singapore
- 41 Sweden 628.73 billion international-$ in 2021 prices compare
- 42 Ukraine 620.01 billion international-$ in 2021 prices compare
- 43 Iraq 618.05 billion international-$ in 2021 prices compare
- 45 Austria 573.87 billion international-$ in 2021 prices compare
- 46 Norway 545.17 billion international-$ in 2021 prices compare
- 47 Chile 515.93 billion international-$ in 2021 prices 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$), annual growth rate 12.55 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Singapore?
- Gross domestic product (gdp) in Singapore was 596.79 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Singapore?
- The highest recorded value was 620.70 billion international-$ in 2021 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Singapore?
- The lowest recorded value was 5.34 billion international-$ in 2021 prices in 1960.
- How does Singapore rank for gross domestic product (gdp)?
- Singapore ranks 44th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Singapore?
- Over the last ten years it is up 35.4%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.