Gross value added at basic prices (GVA) in Singapore
Singapore: Gross value added at basic prices (GVA) was 744.42 billion current LCU in 2025. ◆ Volatile
Latest (2025)
744.42 billion current LCU
Change on year
up 2.8%
World rank
110th
of 207 countries
All-time high
744.42 billion current LCU
in 2025
All-time low
2.04 billion current LCU
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 current LCU.
Analysis
Singapore recorded 744.42 billion current LCU for gross value added at basic prices (gva) in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 2.8% on the previous year and up 86.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in Singapore peaked at 744.42 billion current LCU in 2025 and was at its lowest, 2.04 billion current LCU, in 1960.
That places Singapore 110th out of 207 countries with data for 2025, 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 value added at basic prices (GVA) in Singapore, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 2.04 billion current LCU | — |
| 1961 | 2.22 billion current LCU | +8.9% |
| 1962 | 2.40 billion current LCU | +8.2% |
| 1963 | 2.68 billion current LCU | +11.5% |
| 1964 | 2.60 billion current LCU | -2.9% |
| 1965 | 2.82 billion current LCU | +8.2% |
| 1966 | 3.17 billion current LCU | +12.4% |
| 1967 | 3.60 billion current LCU | +13.6% |
| 1968 | 4.15 billion current LCU | +15.2% |
| 1969 | 4.82 billion current LCU | +16.2% |
| 1970 | 5.56 billion current LCU | +15.4% |
| 1971 | 6.60 billion current LCU | +18.7% |
| 1972 | 7.91 billion current LCU | +19.9% |
| 1973 | 9.93 billion current LCU | +25.5% |
| 1974 | 12.36 billion current LCU | +24.5% |
| 1975 | 13.24 billion current LCU | +7.1% |
| 1976 | 14.47 billion current LCU | +9.3% |
| 1977 | 15.75 billion current LCU | +8.8% |
| 1978 | 17.65 billion current LCU | +12.1% |
| 1979 | 20.32 billion current LCU | +15.2% |
| 1980 | 24.91 billion current LCU | +22.6% |
| 1981 | 29.26 billion current LCU | +17.5% |
| 1982 | 32.79 billion current LCU | +12.1% |
| 1983 | 36.65 billion current LCU | +11.8% |
| 1984 | 40.17 billion current LCU | +9.6% |
| 1985 | 39.32 billion current LCU | -2.1% |
| 1986 | 39.45 billion current LCU | +0.3% |
| 1987 | 43.74 billion current LCU | +10.9% |
| 1988 | 51.05 billion current LCU | +16.7% |
| 1989 | 58.13 billion current LCU | +13.9% |
| 1990 | 67.22 billion current LCU | +15.7% |
| 1991 | 75.15 billion current LCU | +11.8% |
| 1992 | 80.63 billion current LCU | +7.3% |
| 1993 | 92.36 billion current LCU | +14.5% |
| 1994 | 105.03 billion current LCU | +13.7% |
| 1995 | 116.07 billion current LCU | +10.5% |
| 1996 | 127.34 billion current LCU | +9.7% |
| 1997 | 139.50 billion current LCU | +9.6% |
| 1998 | 136.19 billion current LCU | -2.4% |
| 1999 | 137.52 billion current LCU | +1.0% |
| 2000 | 154.39 billion current LCU | +12.3% |
| 2001 | 151.32 billion current LCU | -2.0% |
| 2002 | 157.07 billion current LCU | +3.8% |
| 2003 | 160.99 billion current LCU | +2.5% |
| 2004 | 184.74 billion current LCU | +14.8% |
| 2005 | 203.23 billion current LCU | +10.0% |
| 2006 | 226.29 billion current LCU | +11.3% |
| 2007 | 257.18 billion current LCU | +13.7% |
| 2008 | 259.71 billion current LCU | +1.0% |
| 2009 | 268.45 billion current LCU | +3.4% |
| 2010 | 309.05 billion current LCU | +15.1% |
| 2011 | 331.40 billion current LCU | +7.2% |
| 2012 | 347.62 billion current LCU | +4.9% |
| 2013 | 362.70 billion current LCU | +4.3% |
| 2014 | 377.20 billion current LCU | +4.0% |
| 2015 | 399.19 billion current LCU | +5.8% |
| 2016 | 416.56 billion current LCU | +4.4% |
| 2017 | 447.26 billion current LCU | +7.4% |
| 2018 | 483.22 billion current LCU | +8.0% |
| 2019 | 487.91 billion current LCU | +1.0% |
| 2020 | 462.33 billion current LCU | -5.2% |
| 2021 | 562.21 billion current LCU | +21.6% |
| 2022 | 677.18 billion current LCU | +20.4% |
| 2023 | 651.55 billion current LCU | -3.8% |
| 2024 | 724.36 billion current LCU | +11.2% |
| 2025 | 744.42 billion current LCU | +2.8% |
Singapore compared with similar countries
- Singapore's 744.42 billion current LCU is above the median for high income countries, which is 266.17 billion current LCU, 2.8× the median. (77 countries reporting)
- Singapore's 744.42 billion current LCU is above the median for East Asia & Pacific, which is 504.71 billion current LCU, 1.5× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.05 billion current LCU | 2.04 billion current LCU | 4.82 billion current LCU | 10 |
| 1970s | 12.38 billion current LCU | 5.56 billion current LCU | 20.32 billion current LCU | 10 |
| 1980s | 39.55 billion current LCU | 24.91 billion current LCU | 58.13 billion current LCU | 10 |
| 1990s | 107.70 billion current LCU | 67.22 billion current LCU | 139.50 billion current LCU | 10 |
| 2000s | 202.34 billion current LCU | 151.32 billion current LCU | 268.45 billion current LCU | 10 |
| 2010s | 396.21 billion current LCU | 309.05 billion current LCU | 487.91 billion current LCU | 10 |
| 2020s | 637.01 billion current LCU | 462.33 billion current LCU | 744.42 billion current LCU | 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)
- 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 744.42 billion current LCU 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 744.42 billion current LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Singapore?
- The lowest recorded value was 2.04 billion current LCU in 1960.
- How does Singapore rank for gross value added at basic prices (gva)?
- Singapore ranks 110th out of 207 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 86.5%. 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) (current LCU). Statizoid updates them automatically from the source API.
Download this data
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.