Merchandise trade as a proportion of GDP (%) in Singapore
Singapore: Merchandise trade as a proportion of GDP (%) was 176.2% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Singapore, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, merchandise trade as a proportion of gdp in Singapore stood at 176.2%. That is the lowest value across all 25 years on record.
The figure is down 1.0% on the previous year and down 30.1% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Singapore peaked at 343.5% in 2006 and was at its lowest, 176.2%, in 2024.
That places Singapore 4th out of 220 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 283.5% | — |
| 2001 | 264.8% | -6.6% |
| 2002 | 261.1% | -1.4% |
| 2003 | 303.3% | +16.1% |
| 2004 | 323.6% | +6.7% |
| 2005 | 336.2% | +3.9% |
| 2006 | 343.5% | +2.2% |
| 2007 | 310.9% | -9.5% |
| 2008 | 339.8% | +9.3% |
| 2009 | 265.6% | -21.8% |
| 2010 | 276.3% | +4.0% |
| 2011 | 277.5% | +0.4% |
| 2012 | 267.1% | -3.8% |
| 2013 | 254.7% | -4.6% |
| 2014 | 251.9% | -1.1% |
| 2015 | 210.6% | -16.4% |
| 2016 | 192.0% | -8.8% |
| 2017 | 204.1% | +6.3% |
| 2018 | 207.8% | +1.8% |
| 2019 | 199.4% | -4.1% |
| 2020 | 198.3% | -0.6% |
| 2021 | 197.8% | -0.2% |
| 2022 | 194.8% | -1.5% |
| 2023 | 178.0% | -8.6% |
| 2024 | 176.2% | -1.0% |
Singapore compared with similar countries
- Singapore's 176.2% is above the median for high income countries, which is 56.9%, 3.1× the median. (73 countries reporting)
- Singapore's 176.2% is above the median for East Asia & Pacific, which is 56.4%, 3.1× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 303.2% | 261.1% | 343.5% | 10 |
| 2010s | 234.1% | 192.0% | 277.5% | 10 |
| 2020s | 189.0% | 176.2% | 198.3% | 5 |
Countries ranked near Singapore
More economy & growth data for Singapore
- Real gdp growth, annual growth rate -6.01 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.49 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,066 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.451 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0079 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 778.55 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.63 % change on previous year (2025)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Singapore?
- Merchandise trade as a proportion of gdp in Singapore was 176.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Singapore?
- The highest recorded value was 343.5% in 2006.
- What is the lowest merchandise trade as a proportion of gdp recorded in Singapore?
- The lowest recorded value was 176.2% in 2024.
- How does Singapore rank for merchandise trade as a proportion of gdp?
- Singapore ranks 4th out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Singapore?
- Over the last ten years it is down 30.1%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).