Gross domestic savings (% of GDP) in Singapore
Singapore: Gross domestic savings (% of GDP) was 58.7% in 2025. ▲ Rising
Gross domestic savings in Singapore, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2025, gross domestic savings in Singapore stood at 58.7%.
That represents a change of down 1.0% on the previous year and up 11.4% over ten years.
Over the whole period, gross domestic savings in Singapore peaked at 62.8% in 2022 and was at its lowest, 0.7%, in 1961.
Singapore ranks 4th of 188 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 66 years of available data.
Gross domestic savings (% of GDP) in Singapore, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 3.0% | — |
| 1961 | 0.7% | -78.4% |
| 1962 | 3.4% | +422.8% |
| 1963 | 6.9% | +101.9% |
| 1964 | 7.5% | +8.1% |
| 1965 | 10.8% | +43.8% |
| 1966 | 12.9% | +19.6% |
| 1967 | 14.1% | +9.5% |
| 1968 | 16.4% | +16.0% |
| 1969 | 20.8% | +26.8% |
| 1970 | 21.0% | +1.0% |
| 1971 | 21.7% | +3.0% |
| 1972 | 26.5% | +22.1% |
| 1973 | 27.6% | +4.4% |
| 1974 | 29.3% | +6.1% |
| 1975 | 29.4% | +0.4% |
| 1976 | 31.4% | +6.6% |
| 1977 | 32.0% | +2.0% |
| 1978 | 33.2% | +3.7% |
| 1979 | 36.2% | +9.0% |
| 1980 | 39.9% | +10.1% |
| 1981 | 42.7% | +7.1% |
| 1982 | 43.5% | +2.0% |
| 1983 | 45.6% | +4.7% |
| 1984 | 45.9% | +0.6% |
| 1985 | 41.9% | -8.7% |
| 1986 | 40.7% | -2.6% |
| 1987 | 41.4% | +1.5% |
| 1988 | 43.7% | +5.6% |
| 1989 | 44.4% | +1.7% |
| 1990 | 45.9% | +3.3% |
| 1991 | 47.5% | +3.5% |
| 1992 | 47.8% | +0.7% |
| 1993 | 47.4% | -1.0% |
| 1994 | 48.9% | +3.2% |
| 1995 | 50.9% | +4.1% |
| 1996 | 50.6% | -0.5% |
| 1997 | 51.5% | +1.7% |
| 1998 | 51.1% | -0.8% |
| 1999 | 48.7% | -4.6% |
| 2000 | 47.6% | -2.2% |
| 2001 | 42.1% | -11.5% |
| 2002 | 42.0% | -0.4% |
| 2003 | 43.1% | +2.6% |
| 2004 | 47.7% | +10.8% |
| 2005 | 50.3% | +5.4% |
| 2006 | 52.0% | +3.4% |
| 2007 | 54.1% | +4.1% |
| 2008 | 49.9% | -7.7% |
| 2009 | 51.0% | +2.1% |
| 2010 | 54.0% | +5.9% |
| 2011 | 54.1% | +0.3% |
| 2012 | 53.8% | -0.6% |
| 2013 | 52.9% | -1.7% |
| 2014 | 52.8% | -0.3% |
| 2015 | 52.7% | -0.3% |
| 2016 | 53.5% | +1.5% |
| 2017 | 54.7% | +2.3% |
| 2018 | 55.4% | +1.4% |
| 2019 | 53.9% | -2.8% |
| 2020 | 55.7% | +3.3% |
| 2021 | 60.7% | +9.0% |
| 2022 | 62.8% | +3.4% |
| 2023 | 58.6% | -6.6% |
| 2024 | 59.3% | +1.1% |
| 2025 | 58.7% | -1.0% |
Singapore compared with similar countries
- Singapore's 58.7% is above the median for high income countries, which is 25.7%, 2.3× the median. (67 countries reporting)
- Singapore's 58.7% is above the median for East Asia & Pacific, which is 22.0%, 2.7× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) 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 |
|---|---|---|---|
| 1962 | +422.8% | 0.7% | 3.4% |
| 1963 | +101.9% | 3.4% | 6.9% |
| 1961 | -78.4% | 3.0% | 0.7% |
| 1965 | +43.8% | 7.5% | 10.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.7% | 0.7% | 20.8% | 10 |
| 1970s | 28.8% | 21.0% | 36.2% | 10 |
| 1980s | 43.0% | 39.9% | 45.9% | 10 |
| 1990s | 49.0% | 45.9% | 51.5% | 10 |
| 2000s | 48.0% | 42.0% | 54.1% | 10 |
| 2010s | 53.8% | 52.7% | 55.4% | 10 |
| 2020s | 59.3% | 55.7% | 62.8% | 6 |
Countries ranked near Singapore
More economy & growth data for Singapore
- Real gdp growth, annual growth rate -6.01 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.49 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,066 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.451 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0079 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 778.55 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.63 % change on previous year (2025)
Frequently asked questions
- What is gross domestic savings in Singapore?
- Gross domestic savings in Singapore was 58.7% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Singapore?
- The highest recorded value was 62.8% in 2022.
- What is the lowest gross domestic savings recorded in Singapore?
- The lowest recorded value was 0.7% in 1961.
- How does Singapore rank for gross domestic savings?
- Singapore ranks 4th out of 188 countries with data for 2025.
- Is gross domestic savings rising or falling in Singapore?
- Over the last ten years it is up 11.4%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.