Gross Domestic Product — Value US$ in Singapore

Singapore: Gross Domestic Product — Value US$ was 543,042 million USD in 2024. ◆ Volatile

Latest (2024)
543,042 million USD
Change on year
up 8.3%
World rank
26th
of 203 countries
All-time high
543,042 million USD
in 2024
All-time low
1,921 million USD
in 1970
Years of data
55
1970–2024

Gross Domestic Product — Value US$ in Singapore, 1970–2024

0200.0k400.0k600.0k197019972024

Source: Food and Agriculture Organization of the United Nations. Measured in million USD.

Analysis

Singapore recorded 543,042 million USD for gross domestic product — value us$ in 2024. That is the highest value across all 55 years on record.

The figure is up 8.3% on the previous year and up 72.5% over ten years.

Over the whole period, gross domestic product — value us$ in Singapore peaked at 543,042 million USD in 2024 and was at its lowest, 1,921 million USD, in 1970.

That places Singapore 26th out of 203 countries with data for 2024, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Gross Domestic Product — Value US$ in Singapore, year by year

Annual values for Gross Domestic Product — Value US$ in Singapore, 1970 to 2024.
Year million USD Change
1970 1,921 million USD
1971 2,272 million USD +18.3%
1972 2,952 million USD +30.0%
1973 4,230 million USD +43.3%
1974 5,266 million USD +24.5%
1975 5,790 million USD +10.0%
1976 6,072 million USD +4.9%
1977 6,704 million USD +10.4%
1978 8,064 million USD +20.3%
1979 9,722 million USD +20.6%
1980 12,082 million USD +24.3%
1981 14,366 million USD +18.9%
1982 15,879 million USD +10.5%
1983 18,011 million USD +13.4%
1984 19,563 million USD +8.6%
1985 18,573 million USD -5.1%
1986 18,780 million USD +1.1%
1987 21,629 million USD +15.2%
1988 26,551 million USD +22.8%
1989 31,436 million USD +18.4%
1990 38,892 million USD +23.7%
1991 45,465 million USD +16.9%
1992 52,131 million USD +14.7%
1993 60,604 million USD +16.3%
1994 73,689 million USD +21.6%
1995 87,812 million USD +19.2%
1996 96,293 million USD +9.7%
1997 100,124 million USD +4.0%
1998 85,728 million USD -14.4%
1999 86,287 million USD +0.7%
2000 96,076 million USD +11.3%
2001 89,794 million USD -6.5%
2002 92,538 million USD +3.1%
2003 97,646 million USD +5.5%
2004 115,034 million USD +17.8%
2005 127,808 million USD +11.1%
2006 148,627 million USD +16.3%
2007 180,942 million USD +21.7%
2008 193,617 million USD +7.0%
2009 194,150 million USD +0.3%
2010 239,808 million USD +23.5%
2011 279,357 million USD +16.5%
2012 295,093 million USD +5.6%
2013 307,576 million USD +4.2%
2014 314,864 million USD +2.4%
2015 307,999 million USD -2.2%
2016 319,054 million USD +3.6%
2017 343,257 million USD +7.6%
2018 376,893 million USD +9.8%
2019 376,902 million USD +0.0%
2020 349,488 million USD -7.3%
2021 434,111 million USD +24.2%
2022 498,475 million USD +14.8%
2023 501,428 million USD +0.6%
2024 543,042 million USD +8.3%

Averages by decade

DecadeAverage LowestHighest Years
1970s 5,299 million USD 1,921 million USD 9,722 million USD 10
1980s 19,687 million USD 12,082 million USD 31,436 million USD 10
1990s 72,702 million USD 38,892 million USD 100,124 million USD 10
2000s 133,623 million USD 89,794 million USD 194,150 million USD 10
2010s 316,080 million USD 239,808 million USD 376,902 million USD 10
2020s 465,309 million USD 349,488 million USD 543,042 million USD 5

Countries ranked near Singapore

  1. 23 Argentina 633,267 million USD compare
  2. 24 Sweden 609,566 million USD compare
  3. 25 Ireland 577,390 million USD compare
  4. 27 Israel 541,885 million USD compare
  5. 28 United Arab Emirates 537,079 million USD compare
  6. 29 Thailand 525,430 million USD compare

See the full ranking of 252 places →

More economy & growth data for Singapore

All data for Singapore →

Frequently asked questions

What is gross domestic product — value us$ in Singapore?
Gross domestic product — value us$ in Singapore was 543,042 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest gross domestic product — value us$ recorded in Singapore?
The highest recorded value was 543,042 million USD in 2024.
What is the lowest gross domestic product — value us$ recorded in Singapore?
The lowest recorded value was 1,921 million USD in 1970.
How does Singapore rank for gross domestic product — value us$?
Singapore ranks 26th out of 203 countries with data for 2024.
Is gross domestic product — value us$ rising or falling in Singapore?
Over the last ten years it is up 72.5%. 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 US$. Statizoid updates them automatically from the source API.

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Gross Domestic Product — Value US$ in Singapore. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 25 August 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-us/singapore/

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About this data

Indicator
Gross Domestic Product — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
252 places, 12,899 data points, 1970–2024
Last refreshed

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).