Gross savings in Singapore
Singapore: Gross savings was 40.0% in 2025. ▲ Rising
Gross savings in Singapore, 1972–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Singapore is 40.0%, measured in 2025.
Compared with earlier readings it is down 1.2% on the previous year and down 9.2% over ten years.
Over the whole period, gross savings in Singapore peaked at 52.3% in 1997 and was at its lowest, 25.4%, in 1973.
Singapore ranks 9th of 178 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 54 years of available data.
Gross savings in Singapore, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 26.3% | — |
| 1973 | 25.4% | -3.6% |
| 1974 | 25.8% | +1.9% |
| 1975 | 29.7% | +14.8% |
| 1976 | 30.1% | +1.4% |
| 1977 | 30.2% | +0.4% |
| 1978 | 32.5% | +7.5% |
| 1979 | 35.4% | +9.2% |
| 1980 | 33.8% | -4.6% |
| 1981 | 35.9% | +6.0% |
| 1982 | 37.2% | +3.8% |
| 1983 | 41.6% | +11.7% |
| 1984 | 44.1% | +6.0% |
| 1985 | 41.6% | -5.7% |
| 1986 | 39.8% | -4.3% |
| 1987 | 37.9% | -4.9% |
| 1988 | 41.4% | +9.2% |
| 1989 | 42.8% | +3.4% |
| 1990 | 43.7% | +2.3% |
| 1991 | 45.0% | +2.8% |
| 1992 | 47.0% | +4.5% |
| 1993 | 44.4% | -5.6% |
| 1994 | 48.1% | +8.4% |
| 1995 | 50.6% | +5.2% |
| 1996 | 48.9% | -3.4% |
| 1997 | 52.3% | +7.0% |
| 1998 | 51.3% | -1.8% |
| 1999 | 48.9% | -4.7% |
| 2000 | 46.4% | -5.2% |
| 2001 | 40.1% | -13.6% |
| 2002 | 38.4% | -4.1% |
| 2003 | 39.4% | +2.5% |
| 2004 | 40.6% | +3.1% |
| 2005 | 43.6% | +7.4% |
| 2006 | 48.2% | +10.4% |
| 2007 | 50.0% | +3.7% |
| 2008 | 44.4% | -11.2% |
| 2009 | 43.9% | -1.1% |
| 2010 | 50.6% | +15.3% |
| 2011 | 48.8% | -3.5% |
| 2012 | 47.3% | -3.2% |
| 2013 | 45.5% | -3.7% |
| 2014 | 47.3% | +3.9% |
| 2015 | 44.0% | -6.9% |
| 2016 | 45.2% | +2.7% |
| 2017 | 46.6% | +3.1% |
| 2018 | 41.4% | -11.1% |
| 2019 | 40.0% | -3.5% |
| 2020 | 42.1% | +5.2% |
| 2021 | 44.2% | +4.9% |
| 2022 | 41.9% | -5.1% |
| 2023 | 37.9% | -9.6% |
| 2024 | 40.5% | +6.8% |
| 2025 | 40.0% | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.4% | 25.4% | 35.4% | 8 |
| 1980s | 39.6% | 33.8% | 44.1% | 10 |
| 1990s | 48.0% | 43.7% | 52.3% | 10 |
| 2000s | 43.5% | 38.4% | 50.0% | 10 |
| 2010s | 45.7% | 40.0% | 50.6% | 10 |
| 2020s | 41.1% | 37.9% | 44.2% | 6 |
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 (current US$), per unit of GDP 0.1743 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 17,223 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.2279 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 22,518 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.1506 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 14,884 constant 2015 US$ per person (2025)
- 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)
Frequently asked questions
- What is gross savings in Singapore?
- Gross savings in Singapore was 40.0% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Singapore?
- The highest recorded value was 52.3% in 1997.
- What is the lowest gross savings recorded in Singapore?
- The lowest recorded value was 25.4% in 1973.
- How does Singapore rank for gross savings?
- Singapore ranks 9th out of 178 countries with data for 2025.
- Is gross savings rising or falling in Singapore?
- Over the last ten years it is down 9.2%. 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 Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.