Services, value added in Singapore
Singapore: Services, value added was 409.12 billion constant LCU in 2025. ◆ Volatile
Services, value added in Singapore, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Singapore recorded 409.12 billion constant LCU for services, value added in 2025. That is the highest value across all 66 years on record.
The figure is up 4.2% on the previous year and up 38.1% over ten years.
Over the whole period, services, value added in Singapore peaked at 409.12 billion constant LCU in 2025 and was at its lowest, 5.31 billion constant LCU, in 1960.
That places Singapore 93rd out of 199 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.
Services, value added in Singapore, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 5.31 billion constant LCU | — |
| 1961 | 5.76 billion constant LCU | +8.4% |
| 1962 | 6.18 billion constant LCU | +7.2% |
| 1963 | 6.78 billion constant LCU | +9.8% |
| 1964 | 6.35 billion constant LCU | -6.4% |
| 1965 | 6.75 billion constant LCU | +6.3% |
| 1966 | 7.39 billion constant LCU | +9.5% |
| 1967 | 8.36 billion constant LCU | +13.2% |
| 1968 | 9.45 billion constant LCU | +13.0% |
| 1969 | 10.62 billion constant LCU | +12.4% |
| 1970 | 11.83 billion constant LCU | +11.5% |
| 1971 | 13.20 billion constant LCU | +11.6% |
| 1972 | 14.73 billion constant LCU | +11.6% |
| 1973 | 16.52 billion constant LCU | +12.1% |
| 1974 | 17.90 billion constant LCU | +8.3% |
| 1975 | 18.83 billion constant LCU | +5.2% |
| 1976 | 19.81 billion constant LCU | +5.2% |
| 1977 | 21.22 billion constant LCU | +7.2% |
| 1978 | 23.04 billion constant LCU | +8.5% |
| 1979 | 24.95 billion constant LCU | +8.3% |
| 1980 | 27.55 billion constant LCU | +10.4% |
| 1981 | 30.69 billion constant LCU | +11.4% |
| 1982 | 33.26 billion constant LCU | +8.4% |
| 1983 | 35.79 billion constant LCU | +7.6% |
| 1984 | 38.84 billion constant LCU | +8.5% |
| 1985 | 40.76 billion constant LCU | +4.9% |
| 1986 | 41.99 billion constant LCU | +3.0% |
| 1987 | 46.74 billion constant LCU | +11.3% |
| 1988 | 51.68 billion constant LCU | +10.6% |
| 1989 | 57.25 billion constant LCU | +10.8% |
| 1990 | 63.26 billion constant LCU | +10.5% |
| 1991 | 67.65 billion constant LCU | +6.9% |
| 1992 | 72.64 billion constant LCU | +7.4% |
| 1993 | 81.70 billion constant LCU | +12.5% |
| 1994 | 89.75 billion constant LCU | +9.8% |
| 1995 | 95.32 billion constant LCU | +6.2% |
| 1996 | 103.29 billion constant LCU | +8.4% |
| 1997 | 112.99 billion constant LCU | +9.4% |
| 1998 | 109.82 billion constant LCU | -2.8% |
| 1999 | 115.20 billion constant LCU | +4.9% |
| 2000 | 124.41 billion constant LCU | +8.0% |
| 2001 | 128.73 billion constant LCU | +3.5% |
| 2002 | 133.56 billion constant LCU | +3.8% |
| 2003 | 141.47 billion constant LCU | +5.9% |
| 2004 | 154.72 billion constant LCU | +9.4% |
| 2005 | 165.72 billion constant LCU | +7.1% |
| 2006 | 178.90 billion constant LCU | +8.0% |
| 2007 | 195.51 billion constant LCU | +9.3% |
| 2008 | 204.26 billion constant LCU | +4.5% |
| 2009 | 204.00 billion constant LCU | -0.1% |
| 2010 | 227.29 billion constant LCU | +11.4% |
| 2011 | 242.48 billion constant LCU | +6.7% |
| 2012 | 255.51 billion constant LCU | +5.4% |
| 2013 | 272.47 billion constant LCU | +6.6% |
| 2014 | 284.17 billion constant LCU | +4.3% |
| 2015 | 296.20 billion constant LCU | +4.2% |
| 2016 | 306.79 billion constant LCU | +3.6% |
| 2017 | 317.21 billion constant LCU | +3.4% |
| 2018 | 326.19 billion constant LCU | +2.8% |
| 2019 | 332.50 billion constant LCU | +1.9% |
| 2020 | 319.58 billion constant LCU | -3.9% |
| 2021 | 345.72 billion constant LCU | +8.2% |
| 2022 | 362.03 billion constant LCU | +4.7% |
| 2023 | 371.35 billion constant LCU | +2.6% |
| 2024 | 392.62 billion constant LCU | +5.7% |
| 2025 | 409.12 billion constant LCU | +4.2% |
Singapore compared with similar countries
- Singapore's 409.12 billion constant LCU is above the median for high income countries, which is 203.18 billion constant LCU, 2.0× the median. (70 countries reporting)
- Singapore's 409.12 billion constant LCU is above the median for East Asia & Pacific, which is 409.12 billion constant LCU, 1.0× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.29 billion constant LCU | 5.31 billion constant LCU | 10.62 billion constant LCU | 10 |
| 1970s | 18.20 billion constant LCU | 11.83 billion constant LCU | 24.95 billion constant LCU | 10 |
| 1980s | 40.46 billion constant LCU | 27.55 billion constant LCU | 57.25 billion constant LCU | 10 |
| 1990s | 91.16 billion constant LCU | 63.26 billion constant LCU | 115.20 billion constant LCU | 10 |
| 2000s | 163.13 billion constant LCU | 124.41 billion constant LCU | 204.26 billion constant LCU | 10 |
| 2010s | 286.08 billion constant LCU | 227.29 billion constant LCU | 332.50 billion constant LCU | 10 |
| 2020s | 366.74 billion constant LCU | 319.58 billion constant LCU | 409.12 billion constant LCU | 6 |
Countries ranked near Singapore
- 90 Afghanistan 469.67 billion constant LCU compare
- 91 Kyrgyzstan 455.52 billion constant LCU compare
- 92 Mozambique 415.88 billion constant LCU compare
- 94 Guatemala 397.96 billion constant LCU compare
- 95 Mauritius 387.87 billion constant LCU compare
- 96 Argentina 382.30 billion constant LCU 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 services, value added in Singapore?
- Services, value added in Singapore was 409.12 billion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Singapore?
- The highest recorded value was 409.12 billion constant LCU in 2025.
- What is the lowest services, value added recorded in Singapore?
- The lowest recorded value was 5.31 billion constant LCU in 1960.
- How does Singapore rank for services, value added?
- Singapore ranks 93rd out of 199 countries with data for 2025.
- Is services, value added rising or falling in Singapore?
- Over the last ten years it is up 38.1%. 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 Services, value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.