Share of household consumption in GDP vs. GDP per capita in Singapore
Singapore: Share of household consumption in GDP vs. GDP per capita was 30.8% in 2023. ▼ Falling
Latest (2023)
30.8%
Change on year
up 7.4%
World rank
179th
of 184 countries
All-time high
137.5%
in 1960
All-time low
28.2%
in 2021
Years of data
64
1960–2023
Share of household consumption in GDP vs. GDP per capita in Singapore, 1960–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for share of household consumption in gdp vs. gdp per capita in Singapore is 30.8%, measured in 2023.
The figure is up 7.4% on the previous year and down 19.6% over ten years.
Over the whole period, share of household consumption in gdp vs. gdp per capita in Singapore peaked at 137.5% in 1960 and was at its lowest, 28.2%, in 2021.
Singapore ranks 179th of 184 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 64 years of available data.
Share of household consumption in GDP vs. GDP per capita in Singapore, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 137.5% | — |
| 1961 | 126.4% | -8.0% |
| 1962 | 105.4% | -16.7% |
| 1963 | 89.9% | -14.7% |
| 1964 | 82.3% | -8.4% |
| 1965 | 79.4% | -3.5% |
| 1966 | 71.8% | -9.6% |
| 1967 | 67.2% | -6.4% |
| 1968 | 64.7% | -3.7% |
| 1969 | 59.5% | -8.0% |
| 1970 | 56.1% | -5.7% |
| 1971 | 52.9% | -5.7% |
| 1972 | 50.9% | -3.7% |
| 1973 | 48.6% | -4.5% |
| 1974 | 48.4% | -0.5% |
| 1975 | 48.3% | -0.2% |
| 1976 | 44.8% | -7.2% |
| 1977 | 46.6% | +3.9% |
| 1978 | 42.3% | -9.1% |
| 1979 | 38.8% | -8.4% |
| 1980 | 40.4% | +4.1% |
| 1981 | 43.7% | +8.4% |
| 1982 | 41.9% | -4.2% |
| 1983 | 38.8% | -7.4% |
| 1984 | 36.3% | -6.6% |
| 1985 | 37.0% | +2.1% |
| 1986 | 37.4% | +1.0% |
| 1987 | 36.4% | -2.5% |
| 1988 | 36.5% | +0.1% |
| 1989 | 37.5% | +2.7% |
| 1990 | 37.7% | +0.5% |
| 1991 | 43.3% | +15.0% |
| 1992 | 42.1% | -2.8% |
| 1993 | 52.2% | +23.9% |
| 1994 | 52.9% | +1.4% |
| 1995 | 51.3% | -3.0% |
| 1996 | 44.7% | -12.8% |
| 1997 | 41.6% | -7.0% |
| 1998 | 33.9% | -18.5% |
| 1999 | 36.9% | +8.8% |
| 2000 | 32.1% | -13.1% |
| 2001 | 38.3% | +19.6% |
| 2002 | 37.3% | -2.8% |
| 2003 | 42.4% | +13.8% |
| 2004 | 39.0% | -8.0% |
| 2005 | 36.1% | -7.4% |
| 2006 | 31.9% | -11.6% |
| 2007 | 32.2% | +0.9% |
| 2008 | 40.6% | +25.9% |
| 2009 | 39.8% | -1.8% |
| 2010 | 35.3% | -11.5% |
| 2011 | 37.4% | +6.1% |
| 2012 | 37.7% | +0.7% |
| 2013 | 38.3% | +1.6% |
| 2014 | 36.4% | -5.0% |
| 2015 | 35.9% | -1.3% |
| 2016 | 35.1% | -2.3% |
| 2017 | 33.8% | -3.7% |
| 2018 | 33.8% | +0.2% |
| 2019 | 34.5% | +1.8% |
| 2020 | 29.7% | -13.8% |
| 2021 | 28.2% | -4.9% |
| 2022 | 28.7% | +1.5% |
| 2023 | 30.8% | +7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 88.4% | 59.5% | 137.5% | 10 |
| 1970s | 47.8% | 38.8% | 56.1% | 10 |
| 1980s | 38.6% | 36.3% | 43.7% | 10 |
| 1990s | 43.7% | 33.9% | 52.9% | 10 |
| 2000s | 37.0% | 31.9% | 42.4% | 10 |
| 2010s | 35.8% | 33.8% | 38.3% | 10 |
| 2020s | 29.4% | 28.2% | 30.8% | 4 |
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)
- 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 share of household consumption in gdp vs. gdp per capita in Singapore?
- Share of household consumption in gdp vs. gdp per capita in Singapore was 30.8% in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest share of household consumption in gdp vs. gdp per capita recorded in Singapore?
- The highest recorded value was 137.5% in 1960.
- What is the lowest share of household consumption in gdp vs. gdp per capita recorded in Singapore?
- The lowest recorded value was 28.2% in 2021.
- How does Singapore rank for share of household consumption in gdp vs. gdp per capita?
- Singapore ranks 179th out of 184 countries with data for 2023.
- Is share of household consumption in gdp vs. gdp per capita rising or falling in Singapore?
- Over the last ten years it is down 19.6%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Share of household consumption in GDP vs. GDP per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Household consumption divided by gross domestic product, expressed as a percentage.