Gross Domestic Product — Value Standard Local Currency, annual growth in Singapore
Singapore: Gross Domestic Product — Value Standard Local Currency, annual growth was 7.77 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Singapore, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Singapore recorded 7.77 % change on previous year for gross domestic product — value standard local currency, annual growth in 2024.
Compared with earlier readings it is up 483.4% on the previous year and up 112.5% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Singapore peaked at 25.21 % change on previous year in 1973 and was at its lowest, -6.21 % change on previous year, in 2020.
That places Singapore 94th out of 218 countries with data for 2024, 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 — Value Standard Local Currency, annual growth in Singapore, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 17.87 % change on previous year | — |
| 1972 | 19.8 % change on previous year | +10.8% |
| 1973 | 25.21 % change on previous year | +27.3% |
| 1974 | 23.43 % change on previous year | -7.1% |
| 1975 | 6.99 % change on previous year | -70.2% |
| 1976 | 9.28 % change on previous year | +32.8% |
| 1977 | 9 % change on previous year | -3.1% |
| 1978 | 12.13 % change on previous year | +34.9% |
| 1979 | 15.29 % change on previous year | +26.0% |
| 1980 | 22.37 % change on previous year | +46.3% |
| 1981 | 17.33 % change on previous year | -22.5% |
| 1982 | 11.96 % change on previous year | -31.0% |
| 1983 | 12 % change on previous year | +0.3% |
| 1984 | 9.65 % change on previous year | -19.6% |
| 1985 | -2.08 % change on previous year | -121.5% |
| 1986 | 0.0732 % change on previous year | -103.5% |
| 1987 | 11.39 % change on previous year | +15463.3% |
| 1988 | 17.31 % change on previous year | +52.0% |
| 1989 | 14.74 % change on previous year | -14.8% |
| 1990 | 14.98 % change on previous year | +1.6% |
| 1991 | 11.42 % change on previous year | -23.8% |
| 1992 | 8.12 % change on previous year | -28.9% |
| 1993 | 15.31 % change on previous year | +88.6% |
| 1994 | 14.94 % change on previous year | -2.4% |
| 1995 | 10.58 % change on previous year | -29.2% |
| 1996 | 9.09 % change on previous year | -14.1% |
| 1997 | 9.49 % change on previous year | +4.4% |
| 1998 | -3.49 % change on previous year | -136.8% |
| 1999 | 1.94 % change on previous year | -155.5% |
| 2000 | 13.25 % change on previous year | +584.6% |
| 2001 | -2.87 % change on previous year | -121.6% |
| 2002 | 2.99 % change on previous year | -204.4% |
| 2003 | 2.67 % change on previous year | -10.8% |
| 2004 | 14.29 % change on previous year | +435.8% |
| 2005 | 9.41 % change on previous year | -34.2% |
| 2006 | 11.02 % change on previous year | +17.1% |
| 2007 | 15.47 % change on previous year | +40.4% |
| 2008 | 0.4562 % change on previous year | -97.1% |
| 2009 | 3.09 % change on previous year | +576.3% |
| 2010 | 15.79 % change on previous year | +411.7% |
| 2011 | 7.46 % change on previous year | -52.8% |
| 2012 | 4.95 % change on previous year | -33.6% |
| 2013 | 4.37 % change on previous year | -11.8% |
| 2014 | 3.66 % change on previous year | -16.2% |
| 2015 | 6.14 % change on previous year | +67.9% |
| 2016 | 4.1 % change on previous year | -33.3% |
| 2017 | 7.54 % change on previous year | +84.0% |
| 2018 | 7.25 % change on previous year | -3.8% |
| 2019 | 1.14 % change on previous year | -84.3% |
| 2020 | -6.21 % change on previous year | -646.2% |
| 2021 | 20.95 % change on previous year | -437.1% |
| 2022 | 17.83 % change on previous year | -14.9% |
| 2023 | -2.03 % change on previous year | -111.4% |
| 2024 | 7.77 % change on previous year | -483.4% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 1987 | +15463.3% | 0.0732 % change on previous year | 11.39 % change on previous year |
| 2020 | -646.2% | 1.14 % change on previous year | -6.21 % change on previous year |
| 2000 | +584.6% | 1.94 % change on previous year | 13.25 % change on previous year |
| 2009 | +576.3% | 0.4562 % change on previous year | 3.09 % change on previous year |
| 2024 | +483.4% | -2.03 % change on previous year | 7.77 % change on previous year |
| 2004 | +435.8% | 2.67 % change on previous year | 14.29 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.45 % change on previous year | 6.99 % change on previous year | 25.21 % change on previous year | 9 |
| 1980s | 11.47 % change on previous year | -2.08 % change on previous year | 22.37 % change on previous year | 10 |
| 1990s | 9.24 % change on previous year | -3.49 % change on previous year | 15.31 % change on previous year | 10 |
| 2000s | 6.98 % change on previous year | -2.87 % change on previous year | 15.47 % change on previous year | 10 |
| 2010s | 6.24 % change on previous year | 1.14 % change on previous year | 15.79 % change on previous year | 10 |
| 2020s | 7.66 % change on previous year | -6.21 % change on previous year | 20.95 % change on previous year | 5 |
Countries ranked near Singapore
- 91 Saint Vincent and the Grenadines 7.92 % change on previous year compare
- 92 Chad 7.91 % change on previous year compare
- 93 Hungary 7.87 % change on previous year compare
- 95 Central African Republic 7.63 % change on previous year compare
- 96 Colombia 7.62 % change on previous year compare
- 97 Monaco 7.58 % 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 — value standard local currency, annual growth in Singapore?
- Gross domestic product — value standard local currency, annual growth in Singapore was 7.77 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Singapore?
- The highest recorded value was 25.21 % change on previous year in 1973.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Singapore?
- The lowest recorded value was -6.21 % change on previous year in 2020.
- How does Singapore rank for gross domestic product — value standard local currency, annual growth?
- Singapore ranks 94th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Singapore?
- Over the last ten years it is up 112.5%. 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 — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.