Gross domestic product (GDP), Constant prices, Percent change in Singapore
Singapore: Gross domestic product (GDP), Constant prices, Percent change was 2.5 in 2031. ◆ Volatile
Gross domestic product (GDP), Constant prices, Percent change in Singapore, 1990–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), constant prices, percent change in Singapore is 2.5, measured in 2031.
That represents a change of down 0.3% on the previous year and down 75.3% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, percent change in Singapore peaked at 14.52 in 2010 and was at its lowest, -3.61, in 2020.
That places Singapore 21st out of 37 countries with data for 2031, 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), Constant prices, Percent change in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 9.82 | — |
| 1991 | 6.69 | -31.9% |
| 1992 | 6.64 | -0.7% |
| 1993 | 11.46 | +72.6% |
| 1994 | 11.1 | -3.2% |
| 1995 | 7.18 | -35.3% |
| 1996 | 7.47 | +4.1% |
| 1997 | 8.32 | +11.3% |
| 1998 | -2.19 | -126.3% |
| 1999 | 5.72 | -361.0% |
| 2000 | 9.04 | +58.1% |
| 2001 | -1.07 | -111.8% |
| 2002 | 3.92 | -466.4% |
| 2003 | 4.55 | +15.9% |
| 2004 | 9.94 | +118.5% |
| 2005 | 7.37 | -25.9% |
| 2006 | 9.01 | +22.3% |
| 2007 | 9.02 | +0.2% |
| 2008 | 1.86 | -79.3% |
| 2009 | 0.128 | -93.1% |
| 2010 | 14.52 | +11247.7% |
| 2011 | 6.21 | -57.2% |
| 2012 | 4.44 | -28.6% |
| 2013 | 4.82 | +8.6% |
| 2014 | 3.94 | -18.3% |
| 2015 | 2.98 | -24.4% |
| 2016 | 3.91 | +31.4% |
| 2017 | 4.33 | +10.6% |
| 2018 | 3.19 | -26.4% |
| 2019 | 1.16 | -63.6% |
| 2020 | -3.61 | -411.6% |
| 2021 | 10.14 | -380.9% |
| 2022 | 4.01 | -60.5% |
| 2023 | 1.45 | -63.8% |
| 2024 | 5.34 | +268.4% |
| 2025 | 5.02 | -6.0% |
| 2026 | 3.51 | -30.2% |
| 2027 | 2.67 | -24.0% |
| 2028 | 2.52 | -5.6% |
| 2029 | 2.49 | -1.2% |
| 2030 | 2.51 | +0.8% |
| 2031 | 2.5 | -0.3% |
Singapore compared with similar countries
- Singapore's 2.5 is above the median for high income countries, which is 2.19, 1.1× the median. (9 countries reporting)
- Singapore's 2.5 is above the median for East Asia & Pacific, which is 2.5, 1.0× the median. (30 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Constant prices, Percent change 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 |
|---|---|---|---|
| 2010 | +11247.7% | 0.128 | 14.52 |
| 2002 | +466.4% | -1.07 | 3.92 |
| 2020 | -411.6% | 1.16 | -3.61 |
| 2021 | +380.9% | -3.61 | 10.14 |
| 1999 | +361.0% | -2.19 | 5.72 |
| 2024 | +268.4% | 1.45 | 5.34 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.22 | -2.19 | 11.46 | 10 |
| 2000s | 5.38 | -1.07 | 9.94 | 10 |
| 2010s | 4.95 | 1.16 | 14.52 | 10 |
| 2020s | 3.35 | -3.61 | 10.14 | 10 |
| 2030s | 2.5 | 2.5 | 2.51 | 2 |
Countries ranked near Singapore
- 18 Solomon Islands 2.98 compare
- 19 Lao People's Democratic Republic 2.97 compare
- 20 Brunei Darussalam 2.9 compare
- 22 Thailand 2.5 compare
- 23 Vanuatu 2.46 compare
- 24 Australia 2.33 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), constant prices, percent change in Singapore?
- Gross domestic product (gdp), constant prices, percent change in Singapore was 2.5 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, percent change recorded in Singapore?
- The highest recorded value was 14.52 in 2010.
- What is the lowest gross domestic product (gdp), constant prices, percent change recorded in Singapore?
- The lowest recorded value was -3.61 in 2020.
- How does Singapore rank for gross domestic product (gdp), constant prices, percent change?
- Singapore ranks 21st out of 37 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, percent change rising or falling in Singapore?
- Over the last ten years it is down 75.3%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Percent change, Domestic currency (National Accounts Statistics (SNA)). Statizoid updates them automatically from the source API.
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About this data
APD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in Asia and the Pacific. Data for the REO for Asia and Pacific is prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall. Data are consistent with the projections underlying the WEO. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.