Gross value added at basic prices (GVA) in Singapore
Singapore: Gross value added at basic prices (GVA) was 409.51 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
409.51 billion constant 2015 US$
Change on year
up 5.0%
World rank
32nd
of 194 countries
All-time high
409.51 billion constant 2015 US$
in 2025
All-time low
5.32 billion constant 2015 US$
in 1960
Years of data
66
1960–2025
Gross value added at basic prices (GVA) in Singapore, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Singapore is 409.51 billion constant 2015 US$, measured in 2025. That is the highest value across all 66 years on record.
That represents a change of up 5.0% on the previous year and up 41.0% over ten years.
Over the whole period, gross value added at basic prices (gva) in Singapore peaked at 409.51 billion constant 2015 US$ in 2025 and was at its lowest, 5.32 billion constant 2015 US$, in 1960.
Singapore ranks 32nd of 194 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Singapore, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 5.32 billion constant 2015 US$ | — |
| 1961 | 5.78 billion constant 2015 US$ | +8.6% |
| 1962 | 6.22 billion constant 2015 US$ | +7.7% |
| 1963 | 6.88 billion constant 2015 US$ | +10.5% |
| 1964 | 6.64 billion constant 2015 US$ | -3.5% |
| 1965 | 7.11 billion constant 2015 US$ | +7.1% |
| 1966 | 7.82 billion constant 2015 US$ | +10.0% |
| 1967 | 8.86 billion constant 2015 US$ | +13.3% |
| 1968 | 10.12 billion constant 2015 US$ | +14.2% |
| 1969 | 11.51 billion constant 2015 US$ | +13.7% |
| 1970 | 13.09 billion constant 2015 US$ | +13.7% |
| 1971 | 14.78 billion constant 2015 US$ | +13.0% |
| 1972 | 16.74 billion constant 2015 US$ | +13.2% |
| 1973 | 18.53 billion constant 2015 US$ | +10.7% |
| 1974 | 19.77 billion constant 2015 US$ | +6.7% |
| 1975 | 20.59 billion constant 2015 US$ | +4.2% |
| 1976 | 22.15 billion constant 2015 US$ | +7.6% |
| 1977 | 23.66 billion constant 2015 US$ | +6.8% |
| 1978 | 25.51 billion constant 2015 US$ | +7.8% |
| 1979 | 27.91 billion constant 2015 US$ | +9.4% |
| 1980 | 30.73 billion constant 2015 US$ | +10.1% |
| 1981 | 34.11 billion constant 2015 US$ | +11.0% |
| 1982 | 36.53 billion constant 2015 US$ | +7.1% |
| 1983 | 39.67 billion constant 2015 US$ | +8.6% |
| 1984 | 43.22 billion constant 2015 US$ | +8.9% |
| 1985 | 42.94 billion constant 2015 US$ | -0.6% |
| 1986 | 43.52 billion constant 2015 US$ | +1.4% |
| 1987 | 48.17 billion constant 2015 US$ | +10.7% |
| 1988 | 53.61 billion constant 2015 US$ | +11.3% |
| 1989 | 58.86 billion constant 2015 US$ | +9.8% |
| 1990 | 64.72 billion constant 2015 US$ | +10.0% |
| 1991 | 69.27 billion constant 2015 US$ | +7.0% |
| 1992 | 73.79 billion constant 2015 US$ | +6.5% |
| 1993 | 82.18 billion constant 2015 US$ | +11.4% |
| 1994 | 91.52 billion constant 2015 US$ | +11.4% |
| 1995 | 98.20 billion constant 2015 US$ | +7.3% |
| 1996 | 105.74 billion constant 2015 US$ | +7.7% |
| 1997 | 114.61 billion constant 2015 US$ | +8.4% |
| 1998 | 112.55 billion constant 2015 US$ | -1.8% |
| 1999 | 118.84 billion constant 2015 US$ | +5.6% |
| 2000 | 129.53 billion constant 2015 US$ | +9.0% |
| 2001 | 128.44 billion constant 2015 US$ | -0.8% |
| 2002 | 133.69 billion constant 2015 US$ | +4.1% |
| 2003 | 139.72 billion constant 2015 US$ | +4.5% |
| 2004 | 153.52 billion constant 2015 US$ | +9.9% |
| 2005 | 165.02 billion constant 2015 US$ | +7.5% |
| 2006 | 179.97 billion constant 2015 US$ | +9.1% |
| 2007 | 195.43 billion constant 2015 US$ | +8.6% |
| 2008 | 201.09 billion constant 2015 US$ | +2.9% |
| 2009 | 201.21 billion constant 2015 US$ | +0.1% |
| 2010 | 231.41 billion constant 2015 US$ | +15.0% |
| 2011 | 246.92 billion constant 2015 US$ | +6.7% |
| 2012 | 258.07 billion constant 2015 US$ | +4.5% |
| 2013 | 271.91 billion constant 2015 US$ | +5.4% |
| 2014 | 283.25 billion constant 2015 US$ | +4.2% |
| 2015 | 290.36 billion constant 2015 US$ | +2.5% |
| 2016 | 300.03 billion constant 2015 US$ | +3.3% |
| 2017 | 312.72 billion constant 2015 US$ | +4.2% |
| 2018 | 323.71 billion constant 2015 US$ | +3.5% |
| 2019 | 327.40 billion constant 2015 US$ | +1.1% |
| 2020 | 317.76 billion constant 2015 US$ | -2.9% |
| 2021 | 349.42 billion constant 2015 US$ | +10.0% |
| 2022 | 365.16 billion constant 2015 US$ | +4.5% |
| 2023 | 370.43 billion constant 2015 US$ | +1.4% |
| 2024 | 390.15 billion constant 2015 US$ | +5.3% |
| 2025 | 409.51 billion constant 2015 US$ | +5.0% |
Singapore compared with similar countries
- Singapore's 409.51 billion constant 2015 US$ is above the median for high income countries, which is 96.66 billion constant 2015 US$, 4.2× the median. (69 countries reporting)
- Singapore's 409.51 billion constant 2015 US$ is above the median for East Asia & Pacific, which is 31.94 billion constant 2015 US$, 12.8× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.63 billion constant 2015 US$ | 5.32 billion constant 2015 US$ | 11.51 billion constant 2015 US$ | 10 |
| 1970s | 20.27 billion constant 2015 US$ | 13.09 billion constant 2015 US$ | 27.91 billion constant 2015 US$ | 10 |
| 1980s | 43.14 billion constant 2015 US$ | 30.73 billion constant 2015 US$ | 58.86 billion constant 2015 US$ | 10 |
| 1990s | 93.14 billion constant 2015 US$ | 64.72 billion constant 2015 US$ | 118.84 billion constant 2015 US$ | 10 |
| 2000s | 162.76 billion constant 2015 US$ | 128.44 billion constant 2015 US$ | 201.21 billion constant 2015 US$ | 10 |
| 2010s | 284.58 billion constant 2015 US$ | 231.41 billion constant 2015 US$ | 327.40 billion constant 2015 US$ | 10 |
| 2020s | 367.07 billion constant 2015 US$ | 317.76 billion constant 2015 US$ | 409.51 billion constant 2015 US$ | 6 |
Countries ranked near Singapore
- 29 United Arab Emirates 457.09 billion constant 2015 US$ compare
- 30 Malaysia 438.62 billion constant 2015 US$ compare
- 31 Norway 422.33 billion constant 2015 US$ compare
- 33 Vietnam 403.05 billion constant 2015 US$ compare
- 34 Pakistan 400.78 billion constant 2015 US$ compare
- 35 Austria 378.73 billion constant 2015 US$ 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$), annual growth rate 12.55 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Singapore?
- Gross value added at basic prices (gva) in Singapore was 409.51 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Singapore?
- The highest recorded value was 409.51 billion constant 2015 US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Singapore?
- The lowest recorded value was 5.32 billion constant 2015 US$ in 1960.
- How does Singapore rank for gross value added at basic prices (gva)?
- Singapore ranks 32nd out of 194 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Singapore?
- Over the last ten years it is up 41.0%. The long-run trend across the full record is volatile.
- 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 value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.