Gross domestic product (GDP), annual growth rate (Bolt) in Singapore
Singapore: Gross domestic product (GDP), annual growth rate (Bolt) was 3.65 % change on previous year in 2022. ◆ Volatile
Latest (2022)
3.65 % change on previous year
Change on year
down 58.9%
World rank
88th
of 166 countries
All-time high
46.34 % change on previous year
in 1929
All-time low
-30.41 % change on previous year
in 1931
Years of data
98
1914–2022
Gross domestic product (GDP), annual growth rate in Singapore, 1914–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2022, gross domestic product (gdp), annual growth rate in Singapore stood at 3.65 % change on previous year.
Compared with earlier readings it is down 58.9% on the previous year and down 17.8% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Singapore peaked at 46.34 % change on previous year in 1929 and was at its lowest, -30.41 % change on previous year, in 1931.
That places Singapore 88th out of 166 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate (Bolt) in Singapore, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1914 | 22.5 % change on previous year | — |
| 1915 | 5.07 % change on previous year | -77.5% |
| 1916 | -14.87 % change on previous year | -393.5% |
| 1917 | 42.03 % change on previous year | -382.7% |
| 1918 | -19.65 % change on previous year | -146.7% |
| 1919 | 16.51 % change on previous year | -184.1% |
| 1920 | -11.41 % change on previous year | -169.1% |
| 1921 | 20.74 % change on previous year | -281.7% |
| 1922 | 37.86 % change on previous year | +82.6% |
| 1923 | 7.52 % change on previous year | -80.1% |
| 1924 | 0.1812 % change on previous year | -97.6% |
| 1925 | 18.24 % change on previous year | +9963.0% |
| 1926 | -14.29 % change on previous year | -178.4% |
| 1927 | -23.02 % change on previous year | +61.1% |
| 1928 | 23.57 % change on previous year | -202.4% |
| 1929 | 46.34 % change on previous year | +96.6% |
| 1930 | -4.89 % change on previous year | -110.6% |
| 1931 | -30.41 % change on previous year | +521.4% |
| 1932 | -10.37 % change on previous year | -65.9% |
| 1933 | 25.69 % change on previous year | -347.7% |
| 1934 | 20.26 % change on previous year | -21.1% |
| 1935 | 22.74 % change on previous year | +12.3% |
| 1936 | 4.73 % change on previous year | -79.2% |
| 1937 | 17.27 % change on previous year | +265.0% |
| 1938 | -7.54 % change on previous year | -143.7% |
| 1939 | 19.27 % change on previous year | -355.5% |
| 1951 | -1.47 % change on previous year | -107.6% |
| 1952 | -26.63 % change on previous year | +1714.5% |
| 1953 | 26.16 % change on previous year | -198.2% |
| 1954 | 20.03 % change on previous year | -23.4% |
| 1955 | -3.77 % change on previous year | -118.8% |
| 1956 | 15.58 % change on previous year | -513.2% |
| 1957 | -6.52 % change on previous year | -141.8% |
| 1958 | 5.26 % change on previous year | -180.7% |
| 1959 | 17.53 % change on previous year | +233.3% |
| 1960 | 10.94 % change on previous year | -37.6% |
| 1961 | 8.15 % change on previous year | -25.5% |
| 1962 | 7.12 % change on previous year | -12.6% |
| 1963 | 10 % change on previous year | +40.5% |
| 1964 | -3.71 % change on previous year | -137.1% |
| 1965 | 7.61 % change on previous year | -304.9% |
| 1966 | 10.89 % change on previous year | +43.1% |
| 1967 | 12.27 % change on previous year | +12.7% |
| 1968 | 13.61 % change on previous year | +10.9% |
| 1969 | 13.73 % change on previous year | +0.9% |
| 1970 | 13.88 % change on previous year | +1.1% |
| 1971 | 12.08 % change on previous year | -13.0% |
| 1972 | 13.52 % change on previous year | +11.9% |
| 1973 | 11.12 % change on previous year | -17.8% |
| 1974 | 6.48 % change on previous year | -41.7% |
| 1975 | 4.61 % change on previous year | -28.9% |
| 1976 | 7.44 % change on previous year | +61.4% |
| 1977 | 7.49 % change on previous year | +0.7% |
| 1978 | 8.7 % change on previous year | +16.2% |
| 1979 | 9.42 % change on previous year | +8.3% |
| 1980 | 10.01 % change on previous year | +6.2% |
| 1981 | 10.7 % change on previous year | +6.9% |
| 1982 | 7.16 % change on previous year | -33.1% |
| 1983 | 8.54 % change on previous year | +19.3% |
| 1984 | 8.8 % change on previous year | +3.1% |
| 1985 | -0.6922 % change on previous year | -107.9% |
| 1986 | 1.33 % change on previous year | -292.3% |
| 1987 | 10.76 % change on previous year | +708.4% |
| 1988 | 11.11 % change on previous year | +3.3% |
| 1989 | 10.19 % change on previous year | -8.3% |
| 1990 | 10.04 % change on previous year | -1.5% |
| 1991 | 7.29 % change on previous year | -27.3% |
| 1992 | 8.03 % change on previous year | +10.1% |
| 1993 | 12.05 % change on previous year | +50.1% |
| 1994 | 12.28 % change on previous year | +1.9% |
| 1995 | 8.33 % change on previous year | -32.1% |
| 1996 | 10.12 % change on previous year | +21.5% |
| 1997 | 10.18 % change on previous year | +0.6% |
| 1998 | -0.3392 % change on previous year | -103.3% |
| 1999 | 5.51 % change on previous year | -1725.6% |
| 2000 | 9.32 % change on previous year | +68.9% |
| 2001 | 0.2609 % change on previous year | -97.2% |
| 2002 | 3.56 % change on previous year | +1264.7% |
| 2003 | 1.46 % change on previous year | -59.0% |
| 2004 | 9.48 % change on previous year | +549.7% |
| 2005 | 8.67 % change on previous year | -8.6% |
| 2006 | 10.95 % change on previous year | +26.4% |
| 2007 | 12.45 % change on previous year | +13.7% |
| 2008 | 6.13 % change on previous year | -50.8% |
| 2009 | 1.43 % change on previous year | -76.7% |
| 2010 | 16.19 % change on previous year | +1033.9% |
| 2011 | 7.44 % change on previous year | -54.1% |
| 2012 | 4.44 % change on previous year | -40.4% |
| 2013 | 4.82 % change on previous year | +8.6% |
| 2014 | 3.94 % change on previous year | -18.3% |
| 2015 | 2.98 % change on previous year | -24.4% |
| 2016 | 3.6 % change on previous year | +21.0% |
| 2017 | 4.54 % change on previous year | +26.2% |
| 2018 | 3.58 % change on previous year | -21.3% |
| 2019 | 1.33 % change on previous year | -62.8% |
| 2020 | -3.9 % change on previous year | -393.0% |
| 2021 | 8.88 % change on previous year | -327.7% |
| 2022 | 3.65 % change on previous year | -58.9% |
Singapore compared with similar countries
- Singapore's 3.65 % change on previous year is below the median for high income countries, which is 3.67 % change on previous year, 99% of the median. (55 countries reporting)
- Singapore's 3.65 % change on previous year is above the median for East Asia & Pacific, which is 3.65 % change on previous year, 1.0× the median. (17 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) in Singapore changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1925 | +9963.0% | 0.1812 % change on previous year | 18.24 % change on previous year |
| 1999 | +1725.6% | -0.3392 % change on previous year | 5.51 % change on previous year |
| 1952 | -1714.5% | -1.47 % change on previous year | -26.63 % change on previous year |
| 2002 | +1264.7% | 0.2609 % change on previous year | 3.56 % change on previous year |
| 2010 | +1033.9% | 1.43 % change on previous year | 16.19 % change on previous year |
| 1987 | +708.4% | 1.33 % change on previous year | 10.76 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1910s | 8.6 % change on previous year | -19.65 % change on previous year | 42.03 % change on previous year | 6 |
| 1920s | 10.57 % change on previous year | -23.02 % change on previous year | 46.34 % change on previous year | 10 |
| 1930s | 5.67 % change on previous year | -30.41 % change on previous year | 25.69 % change on previous year | 10 |
| 1950s | 5.13 % change on previous year | -26.63 % change on previous year | 26.16 % change on previous year | 9 |
| 1960s | 9.06 % change on previous year | -3.71 % change on previous year | 13.73 % change on previous year | 10 |
| 1970s | 9.47 % change on previous year | 4.61 % change on previous year | 13.88 % change on previous year | 10 |
| 1980s | 7.79 % change on previous year | -0.6922 % change on previous year | 11.11 % change on previous year | 10 |
| 1990s | 8.35 % change on previous year | -0.3392 % change on previous year | 12.28 % change on previous year | 10 |
| 2000s | 6.37 % change on previous year | 0.2609 % change on previous year | 12.45 % change on previous year | 10 |
| 2010s | 5.28 % change on previous year | 1.33 % change on previous year | 16.19 % change on previous year | 10 |
| 2020s | 2.88 % change on previous year | -3.9 % change on previous year | 8.88 % change on previous year | 3 |
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)
- SDRs holdings, US dollar, annual growth rate 5.49 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,066 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.451 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0079 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 778.55 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.63 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0065 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Singapore?
- Gross domestic product (gdp), annual growth rate in Singapore was 3.65 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Singapore?
- The highest recorded value was 46.34 % change on previous year in 1929.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Singapore?
- The lowest recorded value was -30.41 % change on previous year in 1931.
- How does Singapore rank for gross domestic product (gdp), annual growth rate?
- Singapore ranks 88th out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in Singapore?
- Over the last ten years it is down 17.8%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 98 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.