Trade in services in Singapore
Singapore: Trade in services was 133.7% in 2025. ▲ Rising
Trade in services in Singapore, 1972–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Singapore is 133.7%, measured in 2025. That is the highest value across all 54 years on record.
That represents a change of up 0.2% on the previous year and up 30.7% over ten years.
Over the whole period, trade in services in Singapore peaked at 133.7% in 2025 and was at its lowest, 43.0%, in 1985.
That places Singapore 5th out of 200 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 54 years of available data.
Trade in services in Singapore, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 53.1% | — |
| 1973 | 55.0% | +3.6% |
| 1974 | 54.2% | -1.4% |
| 1975 | 60.0% | +10.7% |
| 1976 | 54.0% | -10.0% |
| 1977 | 58.5% | +8.3% |
| 1978 | 62.2% | +6.3% |
| 1979 | 60.7% | -2.4% |
| 1980 | 65.3% | +7.5% |
| 1981 | 73.6% | +12.8% |
| 1982 | 73.0% | -0.9% |
| 1983 | 65.3% | -10.5% |
| 1984 | 51.5% | -21.1% |
| 1985 | 43.0% | -16.5% |
| 1986 | 46.3% | +7.7% |
| 1987 | 49.7% | +7.3% |
| 1988 | 52.7% | +5.9% |
| 1989 | 54.2% | +2.9% |
| 1990 | 59.4% | +9.5% |
| 1991 | 50.5% | -15.0% |
| 1992 | 49.4% | -2.2% |
| 1993 | 49.4% | -0.0% |
| 1994 | 50.1% | +1.6% |
| 1995 | 54.4% | +8.6% |
| 1996 | 52.0% | -4.5% |
| 1997 | 49.3% | -5.1% |
| 1998 | 50.4% | +2.2% |
| 1999 | 57.7% | +14.4% |
| 2000 | 58.2% | +1.0% |
| 2001 | 64.0% | +9.8% |
| 2002 | 66.2% | +3.5% |
| 2003 | 72.0% | +8.7% |
| 2004 | 77.6% | +7.9% |
| 2005 | 78.8% | +1.5% |
| 2006 | 83.0% | +5.4% |
| 2007 | 82.1% | -1.0% |
| 2008 | 92.8% | +13.0% |
| 2009 | 84.6% | -8.8% |
| 2010 | 83.8% | -1.0% |
| 2011 | 84.9% | +1.3% |
| 2012 | 88.9% | +4.8% |
| 2013 | 94.9% | +6.7% |
| 2014 | 101.8% | +7.3% |
| 2015 | 102.2% | +0.5% |
| 2016 | 97.2% | -4.9% |
| 2017 | 103.4% | +6.4% |
| 2018 | 110.0% | +6.4% |
| 2019 | 116.1% | +5.5% |
| 2020 | 123.2% | +6.1% |
| 2021 | 121.7% | -1.2% |
| 2022 | 125.0% | +2.7% |
| 2023 | 131.7% | +5.3% |
| 2024 | 133.4% | +1.3% |
| 2025 | 133.7% | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 57.2% | 53.1% | 62.2% | 8 |
| 1980s | 57.5% | 43.0% | 73.6% | 10 |
| 1990s | 52.3% | 49.3% | 59.4% | 10 |
| 2000s | 75.9% | 58.2% | 92.8% | 10 |
| 2010s | 98.3% | 83.8% | 116.1% | 10 |
| 2020s | 128.1% | 121.7% | 133.7% | 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)
- Gross capital formation (current US$), annual growth rate 8.49 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2249 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 22,220 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 6.15 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.294 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 29,051 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 4.13 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1757 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Singapore?
- Trade in services in Singapore was 133.7% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Singapore?
- The highest recorded value was 133.7% in 2025.
- What is the lowest trade in services recorded in Singapore?
- The lowest recorded value was 43.0% in 1985.
- How does Singapore rank for trade in services?
- Singapore ranks 5th out of 200 countries with data for 2025.
- Is trade in services rising or falling in Singapore?
- Over the last ten years it is up 30.7%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.