Gross value added at basic prices (GVA) in Singapore
Singapore: Gross value added at basic prices (GVA) was 569.37 billion current US$ in 2025. ◆ Volatile
Latest (2025)
569.37 billion current US$
Change on year
up 5.0%
World rank
26th
of 207 countries
All-time high
569.37 billion current US$
in 2025
All-time low
666.53 million current 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 Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Singapore is 569.37 billion current US$, measured in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 5.0% on the previous year and up 96.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in Singapore peaked at 569.37 billion current US$ in 2025 and was at its lowest, 666.53 million current US$, in 1960.
Singapore ranks 26th of 207 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Singapore, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 666.53 million current US$ | — |
| 1961 | 725.82 million current US$ | +8.9% |
| 1962 | 785.37 million current US$ | +8.2% |
| 1963 | 876.02 million current US$ | +11.5% |
| 1964 | 850.22 million current US$ | -2.9% |
| 1965 | 920.32 million current US$ | +8.2% |
| 1966 | 1.03 billion current US$ | +12.4% |
| 1967 | 1.18 billion current US$ | +13.6% |
| 1968 | 1.35 billion current US$ | +15.2% |
| 1969 | 1.57 billion current US$ | +16.2% |
| 1970 | 1.82 billion current US$ | +15.4% |
| 1971 | 2.15 billion current US$ | +18.7% |
| 1972 | 2.59 billion current US$ | +20.4% |
| 1973 | 3.53 billion current US$ | +36.1% |
| 1974 | 5.03 billion current US$ | +42.5% |
| 1975 | 5.43 billion current US$ | +8.0% |
| 1976 | 6.10 billion current US$ | +12.3% |
| 1977 | 6.37 billion current US$ | +4.5% |
| 1978 | 7.23 billion current US$ | +13.5% |
| 1979 | 8.94 billion current US$ | +23.6% |
| 1980 | 11.45 billion current US$ | +28.2% |
| 1981 | 13.66 billion current US$ | +19.3% |
| 1982 | 15.52 billion current US$ | +13.6% |
| 1983 | 17.13 billion current US$ | +10.3% |
| 1984 | 19.01 billion current US$ | +11.0% |
| 1985 | 18.44 billion current US$ | -3.0% |
| 1986 | 17.93 billion current US$ | -2.7% |
| 1987 | 20.09 billion current US$ | +12.0% |
| 1988 | 24.24 billion current US$ | +20.7% |
| 1989 | 28.88 billion current US$ | +19.2% |
| 1990 | 34.47 billion current US$ | +19.3% |
| 1991 | 43.50 billion current US$ | +26.2% |
| 1992 | 49.50 billion current US$ | +13.8% |
| 1993 | 57.16 billion current US$ | +15.5% |
| 1994 | 68.76 billion current US$ | +20.3% |
| 1995 | 81.89 billion current US$ | +19.1% |
| 1996 | 90.31 billion current US$ | +10.3% |
| 1997 | 93.95 billion current US$ | +4.0% |
| 1998 | 81.37 billion current US$ | -13.4% |
| 1999 | 81.13 billion current US$ | -0.3% |
| 2000 | 89.56 billion current US$ | +10.4% |
| 2001 | 84.46 billion current US$ | -5.7% |
| 2002 | 87.72 billion current US$ | +3.9% |
| 2003 | 92.41 billion current US$ | +5.3% |
| 2004 | 109.30 billion current US$ | +18.3% |
| 2005 | 122.10 billion current US$ | +11.7% |
| 2006 | 142.41 billion current US$ | +16.6% |
| 2007 | 170.64 billion current US$ | +19.8% |
| 2008 | 183.56 billion current US$ | +7.6% |
| 2009 | 184.56 billion current US$ | +0.5% |
| 2010 | 226.66 billion current US$ | +22.8% |
| 2011 | 263.48 billion current US$ | +16.2% |
| 2012 | 278.17 billion current US$ | +5.6% |
| 2013 | 289.86 billion current US$ | +4.2% |
| 2014 | 297.70 billion current US$ | +2.7% |
| 2015 | 290.36 billion current US$ | -2.5% |
| 2016 | 301.52 billion current US$ | +3.8% |
| 2017 | 323.89 billion current US$ | +7.4% |
| 2018 | 358.25 billion current US$ | +10.6% |
| 2019 | 357.66 billion current US$ | -0.2% |
| 2020 | 335.08 billion current US$ | -6.3% |
| 2021 | 418.47 billion current US$ | +24.9% |
| 2022 | 491.18 billion current US$ | +17.4% |
| 2023 | 485.23 billion current US$ | -1.2% |
| 2024 | 542.09 billion current US$ | +11.7% |
| 2025 | 569.37 billion current US$ | +5.0% |
Singapore compared with similar countries
- Singapore's 569.37 billion current US$ is above the median for high income countries, which is 110.20 billion current US$, 5.2× the median. (77 countries reporting)
- Singapore's 569.37 billion current US$ is above the median for East Asia & Pacific, which is 22.97 billion current US$, 24.8× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 996.24 million current US$ | 666.53 million current US$ | 1.57 billion current US$ | 10 |
| 1970s | 4.92 billion current US$ | 1.82 billion current US$ | 8.94 billion current US$ | 10 |
| 1980s | 18.64 billion current US$ | 11.45 billion current US$ | 28.88 billion current US$ | 10 |
| 1990s | 68.20 billion current US$ | 34.47 billion current US$ | 93.95 billion current US$ | 10 |
| 2000s | 126.67 billion current US$ | 84.46 billion current US$ | 184.56 billion current US$ | 10 |
| 2010s | 298.75 billion current US$ | 226.66 billion current US$ | 358.25 billion current US$ | 10 |
| 2020s | 473.57 billion current US$ | 335.08 billion current US$ | 569.37 billion current US$ | 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$), annual growth rate 12.55 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Singapore?
- Gross value added at basic prices (gva) in Singapore was 569.37 billion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Singapore?
- The highest recorded value was 569.37 billion current US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Singapore?
- The lowest recorded value was 666.53 million current US$ in 1960.
- How does Singapore rank for gross value added at basic prices (gva)?
- Singapore ranks 26th 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 96.1%. 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). 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 indicator is expressed in United States dollars.