Services, value added (% of GDP) in Singapore
Singapore: Services, value added (% of GDP) was 71.6% in 2025. ▲ Rising
Services, value added in Singapore, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for services, value added in Singapore is 71.6%, measured in 2025.
That represents a change of down 2.1% on the previous year and up 2.3% over ten years.
Over the whole period, services, value added in Singapore peaked at 74.6% in 1961 and was at its lowest, 59.9%, in 1980.
Singapore ranks 30th of 206 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 66 years of available data.
Services, value added (% of GDP) in Singapore, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 74.5% | — |
| 1961 | 74.6% | +0.0% |
| 1962 | 73.9% | -0.9% |
| 1963 | 73.4% | -0.6% |
| 1964 | 70.5% | -4.0% |
| 1965 | 69.2% | -1.8% |
| 1966 | 68.9% | -0.5% |
| 1967 | 69.0% | +0.1% |
| 1968 | 68.1% | -1.3% |
| 1969 | 67.3% | -1.2% |
| 1970 | 65.0% | -3.4% |
| 1971 | 64.1% | -1.4% |
| 1972 | 62.2% | -3.0% |
| 1973 | 62.6% | +0.8% |
| 1974 | 63.1% | +0.8% |
| 1975 | 63.1% | -0.1% |
| 1976 | 62.4% | -1.1% |
| 1977 | 62.5% | +0.2% |
| 1978 | 63.2% | +1.0% |
| 1979 | 61.5% | -2.6% |
| 1980 | 59.9% | -2.6% |
| 1981 | 60.5% | +1.0% |
| 1982 | 61.8% | +2.2% |
| 1983 | 60.7% | -1.8% |
| 1984 | 60.0% | -1.1% |
| 1985 | 63.1% | +5.2% |
| 1986 | 62.6% | -0.8% |
| 1987 | 62.9% | +0.4% |
| 1988 | 61.5% | -2.1% |
| 1989 | 62.3% | +1.3% |
| 1990 | 64.2% | +3.0% |
| 1991 | 62.8% | -2.1% |
| 1992 | 62.5% | -0.6% |
| 1993 | 62.0% | -0.7% |
| 1994 | 61.8% | -0.3% |
| 1995 | 61.6% | -0.3% |
| 1996 | 62.1% | +0.7% |
| 1997 | 62.6% | +0.9% |
| 1998 | 62.7% | +0.1% |
| 1999 | 63.1% | +0.6% |
| 2000 | 60.7% | -3.8% |
| 2001 | 63.6% | +4.8% |
| 2002 | 64.0% | +0.6% |
| 2003 | 64.3% | +0.6% |
| 2004 | 63.1% | -2.0% |
| 2005 | 64.1% | +1.6% |
| 2006 | 64.9% | +1.3% |
| 2007 | 66.0% | +1.8% |
| 2008 | 68.3% | +3.5% |
| 2009 | 68.0% | -0.5% |
| 2010 | 67.8% | -0.2% |
| 2011 | 69.0% | +1.7% |
| 2012 | 69.2% | +0.3% |
| 2013 | 70.8% | +2.2% |
| 2014 | 70.3% | -0.6% |
| 2015 | 70.0% | -0.6% |
| 2016 | 70.9% | +1.3% |
| 2017 | 70.5% | -0.5% |
| 2018 | 69.5% | -1.4% |
| 2019 | 70.9% | +2.1% |
| 2020 | 72.2% | +1.7% |
| 2021 | 70.3% | -2.6% |
| 2022 | 71.6% | +1.9% |
| 2023 | 72.8% | +1.5% |
| 2024 | 73.1% | +0.5% |
| 2025 | 71.6% | -2.1% |
Singapore compared with similar countries
- Singapore's 71.6% is above the median for high income countries, which is 66.2%, 1.1× the median. (77 countries reporting)
- Singapore's 71.6% is above the median for East Asia & Pacific, which is 60.2%, 1.2× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 70.9% | 67.3% | 74.6% | 10 |
| 1970s | 63.0% | 61.5% | 65.0% | 10 |
| 1980s | 61.5% | 59.9% | 63.1% | 10 |
| 1990s | 62.5% | 61.6% | 64.2% | 10 |
| 2000s | 64.7% | 60.7% | 68.3% | 10 |
| 2010s | 69.9% | 67.8% | 70.9% | 10 |
| 2020s | 71.9% | 70.3% | 73.1% | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0065 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in Singapore?
- Services, value added in Singapore was 71.6% 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 74.6% in 1961.
- What is the lowest services, value added recorded in Singapore?
- The lowest recorded value was 59.9% in 1980.
- How does Singapore rank for services, value added?
- Singapore ranks 30th out of 206 countries with data for 2025.
- Is services, value added rising or falling in Singapore?
- Over the last ten years it is up 2.3%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.