Value of imported goods as a share of GDP in Singapore
Singapore: Value of imported goods as a share of GDP was 80.1% in 2024. ▼ Falling
Latest (2024)
80.1%
Change on year
down 3.3%
World rank
13th
of 201 countries
All-time high
193.5%
in 1980
All-time low
58.3%
in 1962
Years of data
60
1960–2024
Value of imported goods as a share of GDP in Singapore, 1960–2024
Source: International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for value of imported goods as a share of gdp in Singapore is 80.1%, measured in 2024.
The figure is down 3.3% on the previous year and down 31.2% over ten years.
Over the whole period, value of imported goods as a share of gdp in Singapore peaked at 193.5% in 1980 and was at its lowest, 58.3%, in 1962.
That places Singapore 13th out of 201 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 60 years of available data.
Value of imported goods as a share of GDP in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 58.5% | — |
| 1962 | 58.3% | -0.4% |
| 1963 | 59.5% | +2.1% |
| 1968 | 111.9% | +88.0% |
| 1969 | 117.0% | +4.6% |
| 1970 | 122.7% | +4.9% |
| 1971 | 119.0% | -3.0% |
| 1972 | 118.8% | -0.2% |
| 1973 | 132.3% | +11.4% |
| 1974 | 150.7% | +13.9% |
| 1975 | 136.2% | -9.6% |
| 1976 | 136.5% | +0.3% |
| 1977 | 151.8% | +11.2% |
| 1978 | 165.9% | +9.2% |
| 1979 | 181.3% | +9.3% |
| 1980 | 193.5% | +6.8% |
| 1981 | 187.6% | -3.0% |
| 1982 | 168.2% | -10.4% |
| 1983 | 152.7% | -9.2% |
| 1984 | 139.9% | -8.4% |
| 1985 | 132.2% | -5.5% |
| 1986 | 131.1% | -0.8% |
| 1987 | 148.9% | +13.6% |
| 1988 | 164.6% | +10.5% |
| 1989 | 155.2% | -5.7% |
| 1990 | 166.4% | +7.2% |
| 1991 | 143.5% | -13.8% |
| 1992 | 136.5% | -4.8% |
| 1993 | 139.2% | +2.0% |
| 1994 | 137.5% | -1.2% |
| 1995 | 140.8% | +2.4% |
| 1996 | 135.6% | -3.7% |
| 1997 | 132.2% | -2.5% |
| 1998 | 118.2% | -10.5% |
| 1999 | 128.5% | +8.7% |
| 2000 | 139.5% | +8.5% |
| 2001 | 128.9% | -7.6% |
| 2002 | 125.6% | -2.6% |
| 2003 | 139.4% | +11.0% |
| 2004 | 149.5% | +7.2% |
| 2005 | 155.3% | +3.9% |
| 2006 | 160.0% | +3.0% |
| 2007 | 144.8% | -9.5% |
| 2008 | 164.5% | +13.6% |
| 2009 | 126.1% | -23.4% |
| 2010 | 128.9% | +2.2% |
| 2011 | 128.8% | -0.0% |
| 2012 | 128.2% | -0.5% |
| 2013 | 121.1% | -5.5% |
| 2014 | 116.3% | -4.0% |
| 2015 | 96.4% | -17.1% |
| 2016 | 88.0% | -8.8% |
| 2017 | 93.9% | +6.7% |
| 2018 | 98.1% | +4.5% |
| 2019 | 95.3% | -2.8% |
| 2020 | 74.4% | -21.9% |
| 2021 | 92.1% | +23.8% |
| 2022 | 92.5% | +0.5% |
| 2023 | 82.8% | -10.5% |
| 2024 | 80.1% | -3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 81.0% | 58.3% | 117.0% | 5 |
| 1970s | 141.5% | 118.8% | 181.3% | 10 |
| 1980s | 157.4% | 131.1% | 193.5% | 10 |
| 1990s | 137.8% | 118.2% | 166.4% | 10 |
| 2000s | 143.4% | 125.6% | 164.5% | 10 |
| 2010s | 109.5% | 88.0% | 128.9% | 10 |
| 2020s | 84.4% | 74.4% | 92.5% | 5 |
Countries ranked near Singapore
- 10 Micronesia, Federated States of 90.7% compare
- 11 Palestine, State of 90.3% compare
- 12 Slovakia 80.3% compare
- 14 United Arab Emirates 79.5% compare
- 15 Viet Nam 76.8% compare
- 16 Belgium 76.4% 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 value of imported goods as a share of gdp in Singapore?
- Value of imported goods as a share of gdp in Singapore was 80.1% in 2024, according to International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data.
- What is the highest value of imported goods as a share of gdp recorded in Singapore?
- The highest recorded value was 193.5% in 1980.
- What is the lowest value of imported goods as a share of gdp recorded in Singapore?
- The lowest recorded value was 58.3% in 1962.
- How does Singapore rank for value of imported goods as a share of gdp?
- Singapore ranks 13th out of 201 countries with data for 2024.
- Is value of imported goods as a share of gdp rising or falling in Singapore?
- Over the last ten years it is down 31.2%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as part of Value of imported goods as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).