Gross domestic product (GDP), Current prices, Domestic currency in Singapore
Singapore: Gross domestic product (GDP), Current prices, Domestic currency was 1.04 trillion in 2031. ◆ Volatile
Latest (2031)
1.04 trillion
Change on year
up 4.4%
World rank
19th
of 26 countries
All-time high
1.04 trillion
in 2031
All-time low
25.87 billion
in 1980
Years of data
52
1980–2031
Gross domestic product (GDP), Current prices, Domestic currency in Singapore, 1980–2031
Source: International Monetary Fund.
Analysis
Singapore recorded 1.04 trillion for gross domestic product (gdp), current prices, domestic currency in 2031. That is the highest value across all 52 years on record.
Compared with earlier readings it is up 4.4% on the previous year and up 75.3% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Singapore peaked at 1.04 trillion in 2031 and was at its lowest, 25.87 billion, in 1980.
That places Singapore 19th out of 26 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), Current prices, Domestic currency in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 25.87 billion | — |
| 1981 | 30.35 billion | +17.3% |
| 1982 | 33.98 billion | +12.0% |
| 1983 | 38.06 billion | +12.0% |
| 1984 | 41.73 billion | +9.6% |
| 1985 | 40.86 billion | -2.1% |
| 1986 | 40.89 billion | +0.1% |
| 1987 | 45.55 billion | +11.4% |
| 1988 | 53.43 billion | +17.3% |
| 1989 | 61.31 billion | +14.7% |
| 1990 | 70.49 billion | +15.0% |
| 1991 | 78.54 billion | +11.4% |
| 1992 | 84.92 billion | +8.1% |
| 1993 | 97.92 billion | +15.3% |
| 1994 | 112.56 billion | +14.9% |
| 1995 | 124.46 billion | +10.6% |
| 1996 | 135.78 billion | +9.1% |
| 1997 | 148.66 billion | +9.5% |
| 1998 | 143.47 billion | -3.5% |
| 1999 | 146.25 billion | +1.9% |
| 2000 | 165.63 billion | +13.3% |
| 2001 | 160.89 billion | -2.9% |
| 2002 | 165.70 billion | +3.0% |
| 2003 | 170.12 billion | +2.7% |
| 2004 | 194.43 billion | +14.3% |
| 2005 | 212.72 billion | +9.4% |
| 2006 | 236.16 billion | +11.0% |
| 2007 | 272.70 billion | +15.5% |
| 2008 | 273.94 billion | +0.5% |
| 2009 | 282.39 billion | +3.1% |
| 2010 | 326.98 billion | +15.8% |
| 2011 | 351.37 billion | +7.5% |
| 2012 | 368.77 billion | +5.0% |
| 2013 | 384.87 billion | +4.4% |
| 2014 | 398.95 billion | +3.7% |
| 2015 | 423.44 billion | +6.1% |
| 2016 | 443.14 billion | +4.7% |
| 2017 | 476.14 billion | +7.4% |
| 2018 | 509.83 billion | +7.1% |
| 2019 | 514.05 billion | +0.8% |
| 2020 | 484.60 billion | -5.7% |
| 2021 | 592.62 billion | +22.3% |
| 2022 | 708.98 billion | +19.6% |
| 2023 | 686.40 billion | -3.2% |
| 2024 | 765.50 billion | +11.5% |
| 2025 | 789.53 billion | +3.1% |
| 2026 | 835.79 billion | +5.9% |
| 2027 | 874.02 billion | +4.6% |
| 2028 | 912.83 billion | +4.4% |
| 2029 | 953.02 billion | +4.4% |
| 2030 | 995.21 billion | +4.4% |
| 2031 | 1.04 trillion | +4.4% |
Singapore compared with similar countries
- Singapore's 1.04 trillion is below the median for high income countries, which is 2.99 trillion, 35% of the median. (13 countries reporting)
- Singapore's 1.04 trillion is below the median for East Asia & Pacific, which is 4.38 trillion, 24% of the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 41.20 billion | 25.87 billion | 61.31 billion | 10 |
| 1990s | 114.31 billion | 70.49 billion | 148.66 billion | 10 |
| 2000s | 213.47 billion | 160.89 billion | 282.39 billion | 10 |
| 2010s | 419.75 billion | 326.98 billion | 514.05 billion | 10 |
| 2020s | 760.33 billion | 484.60 billion | 953.02 billion | 10 |
| 2030s | 1.02 trillion | 995.21 billion | 1.04 trillion | 2 |
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)
- 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), current prices, domestic currency in Singapore?
- Gross domestic product (gdp), current prices, domestic currency in Singapore was 1.04 trillion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in Singapore?
- The highest recorded value was 1.04 trillion in 2031.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Singapore?
- The lowest recorded value was 25.87 billion in 1980.
- How does Singapore rank for gross domestic product (gdp), current prices, domestic currency?
- Singapore ranks 19th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in Singapore?
- Over the last ten years it is up 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), Current prices, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.