Gross domestic product (GDP), annual growth rate in Singapore
Singapore: Gross domestic product (GDP), annual growth rate was -3.85 % change on previous year in 2023. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Singapore, 1961–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in Singapore is -3.85 % change on previous year, measured in 2023.
That represents a change of down 157.1% on the previous year and down 24.5% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Singapore peaked at 38.09 % change on previous year in 2005 and was at its lowest, -9.39 % change on previous year, in 1985.
Singapore ranks 169th of 184 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Singapore, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 16.01 % change on previous year | — |
| 1962 | 15.69 % change on previous year | -2.0% |
| 1963 | 15.67 % change on previous year | -0.2% |
| 1964 | 2.44 % change on previous year | -84.4% |
| 1965 | 8.62 % change on previous year | +253.6% |
| 1966 | 13.2 % change on previous year | +53.2% |
| 1967 | 15.28 % change on previous year | +15.8% |
| 1968 | 11.3 % change on previous year | -26.0% |
| 1969 | 16.65 % change on previous year | +47.3% |
| 1970 | 16.14 % change on previous year | -3.1% |
| 1971 | 14 % change on previous year | -13.3% |
| 1972 | 10.28 % change on previous year | -26.6% |
| 1973 | 10.78 % change on previous year | +4.9% |
| 1974 | 20.31 % change on previous year | +88.4% |
| 1975 | 3.03 % change on previous year | -85.1% |
| 1976 | 11.92 % change on previous year | +293.9% |
| 1977 | 5.69 % change on previous year | -52.3% |
| 1978 | 11.11 % change on previous year | +95.2% |
| 1979 | 15.22 % change on previous year | +37.0% |
| 1980 | 11.7 % change on previous year | -23.1% |
| 1981 | 0.5553 % change on previous year | -95.3% |
| 1982 | 4.87 % change on previous year | +777.1% |
| 1983 | 10.92 % change on previous year | +124.3% |
| 1984 | 11.61 % change on previous year | +6.3% |
| 1985 | -9.39 % change on previous year | -180.9% |
| 1986 | 5 % change on previous year | -153.2% |
| 1987 | 13.37 % change on previous year | +167.4% |
| 1988 | 8.72 % change on previous year | -34.8% |
| 1989 | 3.64 % change on previous year | -58.3% |
| 1990 | 15.69 % change on previous year | +331.2% |
| 1991 | -5.37 % change on previous year | -134.3% |
| 1992 | -0.0273 % change on previous year | -99.5% |
| 1993 | -1.87 % change on previous year | +6754.5% |
| 1994 | -5.29 % change on previous year | +183.1% |
| 1995 | 5.16 % change on previous year | -197.6% |
| 1996 | 22.58 % change on previous year | +337.3% |
| 1997 | 7.06 % change on previous year | -68.8% |
| 1998 | 10.54 % change on previous year | +49.4% |
| 1999 | 5.25 % change on previous year | -50.2% |
| 2000 | 35.09 % change on previous year | +568.1% |
| 2001 | -4.29 % change on previous year | -112.2% |
| 2002 | 9.81 % change on previous year | -328.7% |
| 2003 | -6.66 % change on previous year | -167.9% |
| 2004 | 18.64 % change on previous year | -379.7% |
| 2005 | 38.09 % change on previous year | +104.4% |
| 2006 | 11.98 % change on previous year | -68.6% |
| 2007 | 10.01 % change on previous year | -16.4% |
| 2008 | -8.36 % change on previous year | -183.5% |
| 2009 | -2.55 % change on previous year | -69.5% |
| 2010 | 26.81 % change on previous year | -1153.1% |
| 2011 | 8.26 % change on previous year | -69.2% |
| 2012 | 1.02 % change on previous year | -87.6% |
| 2013 | -3.09 % change on previous year | -402.8% |
| 2014 | 9.2 % change on previous year | -397.4% |
| 2015 | -1.08 % change on previous year | -111.7% |
| 2016 | 1.76 % change on previous year | -262.9% |
| 2017 | 9.09 % change on previous year | +417.9% |
| 2018 | 2.25 % change on previous year | -75.3% |
| 2019 | 1.04 % change on previous year | -53.7% |
| 2020 | -4.42 % change on previous year | -524.9% |
| 2021 | 11.39 % change on previous year | -357.6% |
| 2022 | 6.74 % change on previous year | -40.8% |
| 2023 | -3.85 % change on previous year | -157.1% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate 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 |
|---|---|---|---|
| 1993 | -6754.5% | -0.0273 % change on previous year | -1.87 % change on previous year |
| 2010 | +1153.1% | -2.55 % change on previous year | 26.81 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12.76 % change on previous year | 2.44 % change on previous year | 16.65 % change on previous year | 9 |
| 1970s | 11.85 % change on previous year | 3.03 % change on previous year | 20.31 % change on previous year | 10 |
| 1980s | 6.1 % change on previous year | -9.39 % change on previous year | 13.37 % change on previous year | 10 |
| 1990s | 5.37 % change on previous year | -5.37 % change on previous year | 22.58 % change on previous year | 10 |
| 2000s | 10.18 % change on previous year | -8.36 % change on previous year | 38.09 % change on previous year | 10 |
| 2010s | 5.53 % change on previous year | -3.09 % change on previous year | 26.81 % change on previous year | 10 |
| 2020s | 2.46 % change on previous year | -4.42 % change on previous year | 11.39 % change on previous year | 4 |
Countries ranked near Singapore
- 166 Sri Lanka -3.16 % change on previous year compare
- 167 Cambodia -3.25 % change on previous year compare
- 168 Saudi Arabia -3.72 % change on previous year compare
- 170 Norway -4.37 % change on previous year compare
- 171 Central African Republic -4.46 % change on previous year compare
- 172 Kuwait -4.98 % change on previous year 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), annual growth rate in Singapore?
- Gross domestic product (gdp), annual growth rate in Singapore was -3.85 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Singapore?
- The highest recorded value was 38.09 % change on previous year in 2005.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Singapore?
- The lowest recorded value was -9.39 % change on previous year in 1985.
- How does Singapore rank for gross domestic product (gdp), annual growth rate?
- Singapore ranks 169th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Singapore?
- Over the last ten years it is down 24.5%. 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 — 63 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) Feenstra et al. – Penn World Table (2025) – 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.