Gross National Income — Value Standard Local Currency in Singapore
Singapore: Gross National Income — Value Standard Local Currency was 564,869 million SLC in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency in Singapore, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross national income — value standard local currency in Singapore is 564,869 million SLC, measured in 2023. That is the highest value across all 54 years on record.
The figure is up 1.7% on the previous year and up 55.1% over ten years.
Over the whole period, gross national income — value standard local currency in Singapore peaked at 564,869 million SLC in 2023 and was at its lowest, 5,936 million SLC, in 1970.
That places Singapore 107th out of 202 countries with data for 2023, 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 National Income — Value Standard Local Currency in Singapore, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 5,936 million SLC | — |
| 1971 | 6,920 million SLC | +16.6% |
| 1972 | 8,282 million SLC | +19.7% |
| 1973 | 10,172 million SLC | +22.8% |
| 1974 | 12,481 million SLC | +22.7% |
| 1975 | 13,852 million SLC | +11.0% |
| 1976 | 14,922 million SLC | +7.7% |
| 1977 | 16,166 million SLC | +8.3% |
| 1978 | 18,294 million SLC | +13.2% |
| 1979 | 21,062 million SLC | +15.1% |
| 1980 | 24,543 million SLC | +16.5% |
| 1981 | 28,606 million SLC | +16.6% |
| 1982 | 32,269 million SLC | +12.8% |
| 1983 | 37,000 million SLC | +14.7% |
| 1984 | 41,466 million SLC | +12.1% |
| 1985 | 41,201 million SLC | -0.6% |
| 1986 | 40,906 million SLC | -0.7% |
| 1987 | 44,357 million SLC | +8.4% |
| 1988 | 52,704 million SLC | +18.8% |
| 1989 | 60,936 million SLC | +15.6% |
| 1990 | 69,784 million SLC | +14.5% |
| 1991 | 77,356 million SLC | +10.9% |
| 1992 | 84,971 million SLC | +9.8% |
| 1993 | 95,856 million SLC | +12.8% |
| 1994 | 112,702 million SLC | +17.6% |
| 1995 | 125,363 million SLC | +11.2% |
| 1996 | 134,802 million SLC | +7.5% |
| 1997 | 151,577 million SLC | +12.4% |
| 1998 | 145,591 million SLC | -3.9% |
| 1999 | 147,909 million SLC | +1.6% |
| 2000 | 164,620 million SLC | +11.3% |
| 2001 | 159,810 million SLC | -2.9% |
| 2002 | 162,401 million SLC | +1.6% |
| 2003 | 165,596 million SLC | +2.0% |
| 2004 | 182,672 million SLC | +10.3% |
| 2005 | 200,687 million SLC | +9.9% |
| 2006 | 229,754 million SLC | +14.5% |
| 2007 | 265,524 million SLC | +15.6% |
| 2008 | 263,865 million SLC | -0.6% |
| 2009 | 267,747 million SLC | +1.5% |
| 2010 | 323,447 million SLC | +20.8% |
| 2011 | 339,294 million SLC | +4.9% |
| 2012 | 352,372 million SLC | +3.9% |
| 2013 | 364,140 million SLC | +3.3% |
| 2014 | 385,070 million SLC | +5.7% |
| 2015 | 394,551 million SLC | +2.5% |
| 2016 | 414,056 million SLC | +4.9% |
| 2017 | 441,156 million SLC | +6.5% |
| 2018 | 446,170 million SLC | +1.1% |
| 2019 | 454,561 million SLC | +1.9% |
| 2020 | 416,443 million SLC | -8.4% |
| 2021 | 495,989 million SLC | +19.1% |
| 2022 | 555,530 million SLC | +12.0% |
| 2023 | 564,869 million SLC | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12,809 million SLC | 5,936 million SLC | 21,062 million SLC | 10 |
| 1980s | 40,399 million SLC | 24,543 million SLC | 60,936 million SLC | 10 |
| 1990s | 114,591 million SLC | 69,784 million SLC | 151,577 million SLC | 10 |
| 2000s | 206,268 million SLC | 159,810 million SLC | 267,747 million SLC | 10 |
| 2010s | 391,482 million SLC | 323,447 million SLC | 454,561 million SLC | 10 |
| 2020s | 508,208 million SLC | 416,443 million SLC | 564,869 million SLC | 4 |
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)
- Manufacturing, value added (constant LCU), per capita 20,462 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.41 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2267 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 22,402 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 9.01 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 0.2964 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 29,290 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 7.58 % change on previous year (2025)
Frequently asked questions
- What is gross national income — value standard local currency in Singapore?
- Gross national income — value standard local currency in Singapore was 564,869 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value standard local currency recorded in Singapore?
- The highest recorded value was 564,869 million SLC in 2023.
- What is the lowest gross national income — value standard local currency recorded in Singapore?
- The lowest recorded value was 5,936 million SLC in 1970.
- How does Singapore rank for gross national income — value standard local currency?
- Singapore ranks 107th out of 202 countries with data for 2023.
- Is gross national income — value standard local currency rising or falling in Singapore?
- Over the last ten years it is up 55.1%. 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 National Income — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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).