Gross national savings, Percent of GDP in Singapore
Singapore: Gross national savings, Percent of GDP was 43.05 in 2031. ▬ Flat
Latest (2031)
43.05
Change on year
up 1.7%
World rank
2nd
of 25 countries
All-time high
53.74
in 1997
All-time low
31.68
in 1980
Years of data
52
1980–2031
Gross national savings, Percent of GDP in Singapore, 1980–2031
Source: International Monetary Fund.
Analysis
In 2031, gross national savings, percent of gdp in Singapore stood at 43.05.
The figure is up 1.7% on the previous year and down 0.7% over ten years.
Over the whole period, gross national savings, percent of gdp in Singapore peaked at 53.74 in 1997 and was at its lowest, 31.68, in 1980.
Singapore ranks 2nd of 25 countries on this measure, in the top 10%.
Gross national savings, Percent of GDP in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 31.68 | — |
| 1981 | 34.05 | +7.5% |
| 1982 | 37.78 | +11.0% |
| 1983 | 42.83 | +13.4% |
| 1984 | 44.87 | +4.8% |
| 1985 | 41.21 | -8.2% |
| 1986 | 38.35 | -6.9% |
| 1987 | 36.04 | -6.0% |
| 1988 | 40.74 | +13.0% |
| 1989 | 43.53 | +6.9% |
| 1990 | 43.73 | +0.5% |
| 1991 | 44.7 | +2.2% |
| 1992 | 46.74 | +4.6% |
| 1993 | 43.98 | -5.9% |
| 1994 | 48.2 | +9.6% |
| 1995 | 50.38 | +4.5% |
| 1996 | 49.67 | -1.4% |
| 1997 | 53.74 | +8.2% |
| 1998 | 53.28 | -0.9% |
| 1999 | 49.9 | -6.4% |
| 2000 | 46.25 | -7.3% |
| 2001 | 42.04 | -9.1% |
| 2002 | 39.95 | -5.0% |
| 2003 | 41.53 | +3.9% |
| 2004 | 42.2 | +1.6% |
| 2005 | 44.77 | +6.1% |
| 2006 | 49.27 | +10.1% |
| 2007 | 50.21 | +1.9% |
| 2008 | 45.24 | -9.9% |
| 2009 | 43.76 | -3.3% |
| 2010 | 50.59 | +15.6% |
| 2011 | 48.91 | -3.3% |
| 2012 | 46.91 | -4.1% |
| 2013 | 45.69 | -2.6% |
| 2014 | 47.38 | +3.7% |
| 2015 | 44.05 | -7.0% |
| 2016 | 44.37 | +0.7% |
| 2017 | 45.67 | +2.9% |
| 2018 | 40.34 | -11.7% |
| 2019 | 39.8 | -1.4% |
| 2020 | 40.63 | +2.1% |
| 2021 | 43.37 | +6.8% |
| 2022 | 40.8 | -5.9% |
| 2023 | 37.52 | -8.0% |
| 2024 | 39.05 | +4.1% |
| 2025 | 39.2 | +0.4% |
| 2026 | 40.63 | +3.6% |
| 2027 | 40.7 | +0.2% |
| 2028 | 42.06 | +3.3% |
| 2029 | 41.71 | -0.8% |
| 2030 | 42.31 | +1.4% |
| 2031 | 43.05 | +1.7% |
Singapore compared with similar countries
- Singapore's 43.05 is above the median for high income countries, which is 27.12, 1.6× the median. (12 countries reporting)
- Singapore's 43.05 is above the median for East Asia & Pacific, which is 32.19, 1.3× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 39.11 | 31.68 | 44.87 | 10 |
| 1990s | 48.43 | 43.73 | 53.74 | 10 |
| 2000s | 44.52 | 39.95 | 50.21 | 10 |
| 2010s | 45.37 | 39.8 | 50.59 | 10 |
| 2020s | 40.57 | 37.52 | 43.37 | 10 |
| 2030s | 42.68 | 42.31 | 43.05 | 2 |
Countries ranked near Singapore
- 1 Iran, Islamic Republic of 46.38 compare
- 3 Chinese Taipei 39.81 compare
- 4 United Arab Emirates 38.41 compare
- 5 Korea 34.97 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 national savings, percent of gdp in Singapore?
- Gross national savings, percent of gdp in Singapore was 43.05 in 2031, according to International Monetary Fund.
- What is the highest gross national savings, percent of gdp recorded in Singapore?
- The highest recorded value was 53.74 in 1997.
- What is the lowest gross national savings, percent of gdp recorded in Singapore?
- The lowest recorded value was 31.68 in 1980.
- How does Singapore rank for gross national savings, percent of gdp?
- Singapore ranks 2nd out of 25 countries with data for 2031.
- Is gross national savings, percent of gdp rising or falling in Singapore?
- Over the last ten years it is down 0.7%. The long-run trend across the full record is flat.
- Where does this Singapore data come from?
- The figures come from International Monetary Fund, published as part of Gross national savings, Percent of GDP (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.