Gross Domestic Product — Value Standard Local Currency in Singapore
Singapore: Gross Domestic Product — Value Standard Local Currency was 725,630 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Singapore, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency in Singapore stood at 725,630 million SLC. That is the highest value across all 55 years on record.
The figure is up 7.8% on the previous year and up 81.9% over ten years.
Over the whole period, gross domestic product — value standard local currency in Singapore peaked at 725,630 million SLC in 2024 and was at its lowest, 5,879 million SLC, in 1970.
Singapore ranks 114th of 218 countries on this measure, 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 in Singapore, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 5,879 million SLC | — |
| 1971 | 6,930 million SLC | +17.9% |
| 1972 | 8,302 million SLC | +19.8% |
| 1973 | 10,396 million SLC | +25.2% |
| 1974 | 12,831 million SLC | +23.4% |
| 1975 | 13,729 million SLC | +7.0% |
| 1976 | 15,003 million SLC | +9.3% |
| 1977 | 16,353 million SLC | +9.0% |
| 1978 | 18,337 million SLC | +12.1% |
| 1979 | 21,141 million SLC | +15.3% |
| 1980 | 25,870 million SLC | +22.4% |
| 1981 | 30,352 million SLC | +17.3% |
| 1982 | 33,981 million SLC | +12.0% |
| 1983 | 38,058 million SLC | +12.0% |
| 1984 | 41,730 million SLC | +9.6% |
| 1985 | 40,863 million SLC | -2.1% |
| 1986 | 40,893 million SLC | +0.1% |
| 1987 | 45,550 million SLC | +11.4% |
| 1988 | 53,432 million SLC | +17.3% |
| 1989 | 61,308 million SLC | +14.7% |
| 1990 | 70,492 million SLC | +15.0% |
| 1991 | 78,543 million SLC | +11.4% |
| 1992 | 84,920 million SLC | +8.1% |
| 1993 | 97,923 million SLC | +15.3% |
| 1994 | 112,555 million SLC | +14.9% |
| 1995 | 124,463 million SLC | +10.6% |
| 1996 | 135,777 million SLC | +9.1% |
| 1997 | 148,664 million SLC | +9.5% |
| 1998 | 143,475 million SLC | -3.5% |
| 1999 | 146,252 million SLC | +1.9% |
| 2000 | 165,632 million SLC | +13.3% |
| 2001 | 160,886 million SLC | -2.9% |
| 2002 | 165,698 million SLC | +3.0% |
| 2003 | 170,118 million SLC | +2.7% |
| 2004 | 194,433 million SLC | +14.3% |
| 2005 | 212,723 million SLC | +9.4% |
| 2006 | 236,159 million SLC | +11.0% |
| 2007 | 272,698 million SLC | +15.5% |
| 2008 | 273,942 million SLC | +0.5% |
| 2009 | 282,394 million SLC | +3.1% |
| 2010 | 326,980 million SLC | +15.8% |
| 2011 | 351,368 million SLC | +7.5% |
| 2012 | 368,770 million SLC | +5.0% |
| 2013 | 384,870 million SLC | +4.4% |
| 2014 | 398,948 million SLC | +3.7% |
| 2015 | 423,444 million SLC | +6.1% |
| 2016 | 440,788 million SLC | +4.1% |
| 2017 | 474,012 million SLC | +7.5% |
| 2018 | 508,369 million SLC | +7.2% |
| 2019 | 514,153 million SLC | +1.1% |
| 2020 | 482,204 million SLC | -6.2% |
| 2021 | 583,222 million SLC | +20.9% |
| 2022 | 687,230 million SLC | +17.8% |
| 2023 | 673,300 million SLC | -2.0% |
| 2024 | 725,630 million SLC | +7.8% |
Singapore compared with similar countries
- Singapore's 725,630 million SLC is above the median for high income countries, which is 257,567 million SLC, 2.8× the median. (72 countries reporting)
- Singapore's 725,630 million SLC is above the median for East Asia & Pacific, which is 725,630 million SLC, 1.0× the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12,890 million SLC | 5,879 million SLC | 21,141 million SLC | 10 |
| 1980s | 41,204 million SLC | 25,870 million SLC | 61,308 million SLC | 10 |
| 1990s | 114,306 million SLC | 70,492 million SLC | 148,664 million SLC | 10 |
| 2000s | 213,468 million SLC | 160,886 million SLC | 282,394 million SLC | 10 |
| 2010s | 419,170 million SLC | 326,980 million SLC | 514,153 million SLC | 10 |
| 2020s | 630,317 million SLC | 482,204 million SLC | 725,630 million SLC | 5 |
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 — value standard local currency in Singapore?
- Gross domestic product — value standard local currency in Singapore was 725,630 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Singapore?
- The highest recorded value was 725,630 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Singapore?
- The lowest recorded value was 5,879 million SLC in 1970.
- How does Singapore rank for gross domestic product — value standard local currency?
- Singapore ranks 114th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Singapore?
- Over the last ten years it is up 81.9%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).