Inflation, GDP deflator in Singapore
Singapore: Inflation, GDP deflator was -1.8% in 2025. ◆ Volatile
Latest (2025)
-1.8%
Change on year
down 130.6%
World rank
199th
of 212 countries
All-time high
16.3%
in 1974
All-time low
-4.6%
in 2023
Years of data
65
1961–2025
Inflation, GDP deflator in Singapore, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
In 2025, inflation, gdp deflator in Singapore stood at -1.8%.
That represents a change of down 130.6% on the previous year and down 158.5% over ten years.
Over the whole period, inflation, gdp deflator in Singapore peaked at 16.3% in 1974 and was at its lowest, -4.6%, in 2023.
Singapore ranks 199th of 212 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in Singapore, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 0.3% | — |
| 1962 | 0.5% | +41.2% |
| 1963 | 0.9% | +97.5% |
| 1964 | 0.6% | -39.0% |
| 1965 | 1.1% | +91.8% |
| 1966 | 2.1% | +94.0% |
| 1967 | 0.4% | -82.8% |
| 1968 | 1.4% | +297.3% |
| 1969 | 2.3% | +58.4% |
| 1970 | 1.5% | -32.1% |
| 1971 | 4.9% | +213.7% |
| 1972 | 5.7% | +18.0% |
| 1973 | 13.2% | +130.7% |
| 1974 | 16.3% | +23.5% |
| 1975 | 2.9% | -82.3% |
| 1976 | 1.7% | -40.5% |
| 1977 | 2.0% | +16.7% |
| 1978 | 4.0% | +101.4% |
| 1979 | 5.2% | +29.5% |
| 1980 | 11.1% | +112.5% |
| 1981 | 5.9% | -47.2% |
| 1982 | 4.5% | -22.8% |
| 1983 | 3.2% | -30.0% |
| 1984 | 0.8% | -75.2% |
| 1985 | -1.5% | -286.0% |
| 1986 | -1.3% | -14.5% |
| 1987 | 0.5% | -142.5% |
| 1988 | 5.4% | +920.0% |
| 1989 | 4.2% | -23.4% |
| 1990 | 4.7% | +12.9% |
| 1991 | 4.4% | -5.6% |
| 1992 | 1.4% | -68.7% |
| 1993 | 3.5% | +149.1% |
| 1994 | 3.5% | +0.2% |
| 1995 | 3.2% | -8.3% |
| 1996 | 1.5% | -52.6% |
| 1997 | 1.1% | -28.0% |
| 1998 | -1.3% | -222.5% |
| 1999 | -3.6% | +169.2% |
| 2000 | 3.9% | -208.0% |
| 2001 | -1.8% | -147.0% |
| 2002 | -0.9% | -50.6% |
| 2003 | -1.8% | +100.6% |
| 2004 | 4.0% | -320.1% |
| 2005 | 1.9% | -52.0% |
| 2006 | 1.8% | -3.0% |
| 2007 | 5.9% | +220.8% |
| 2008 | -1.4% | -123.3% |
| 2009 | 3.0% | -313.8% |
| 2010 | 1.1% | -62.5% |
| 2011 | 1.2% | +5.7% |
| 2012 | 0.5% | -57.7% |
| 2013 | -0.4% | -187.0% |
| 2014 | -0.3% | -38.0% |
| 2015 | 3.1% | -1249.4% |
| 2016 | 0.7% | -76.8% |
| 2017 | 3.0% | +319.0% |
| 2018 | 3.8% | +26.1% |
| 2019 | -0.3% | -108.7% |
| 2020 | -2.2% | +572.2% |
| 2021 | 11.0% | -602.0% |
| 2022 | 15.0% | +36.2% |
| 2023 | -4.6% | -130.4% |
| 2024 | 5.9% | -228.4% |
| 2025 | -1.8% | -130.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.1% | 0.3% | 2.3% | 9 |
| 1970s | 5.8% | 1.5% | 16.3% | 10 |
| 1980s | 3.3% | -1.5% | 11.1% | 10 |
| 1990s | 1.8% | -3.6% | 4.7% | 10 |
| 2000s | 1.5% | -1.8% | 5.9% | 10 |
| 2010s | 1.2% | -0.4% | 3.8% | 10 |
| 2020s | 3.9% | -4.6% | 15.0% | 6 |
Countries ranked near Singapore
- 196 Mozambique -1.0% compare
- 197 Equatorial Guinea -1.4% compare
- 198 Niger -1.6% compare
- 200 Chad -2.0% compare
- 201 Saudi Arabia -2.6% compare
- 202 Qatar -3.2% 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)
- Services, value added (constant LCU), per capita 66,946 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate -1.8 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.03 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9429 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 93,169 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 2.77 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.23 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 121,813 current LCU per person (2025)
Frequently asked questions
- What is inflation, gdp deflator in Singapore?
- Inflation, gdp deflator in Singapore was -1.8% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Singapore?
- The highest recorded value was 16.3% in 1974.
- What is the lowest inflation, gdp deflator recorded in Singapore?
- The lowest recorded value was -4.6% in 2023.
- How does Singapore rank for inflation, gdp deflator?
- Singapore ranks 199th out of 212 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in Singapore?
- Over the last ten years it is down 158.5%. 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 Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.