Gross domestic product (GDP) in Singapore
Singapore: Gross domestic product (GDP) was 596.79 billion international-$ in 2021 prices in 2023. ◆ Volatile
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.
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
- External balance on goods and services as a percent of GDP 35.4% (2025)
- Inflation of consumer prices 0.9% (2025)
- GDP per capita 70,684 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 17.4% (2025)
- Gross domestic product (GDP) 431.96 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 70,684 constant 2015 US$ (2025)
- DEC alternative conversion factor 1.31 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -14.11 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -10.79 billion current US$ (2025)
- Taxes less subsidies on products 45.11 billion current LCU (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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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.