Travel services in Singapore
Singapore: Travel services was 6.5% in 2025. ◆ Volatile
Travel services in Singapore, 1972–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2025, travel services in Singapore stood at 6.5%.
The figure is up 6.0% on the previous year and down 40.1% over ten years.
Over the whole period, travel services in Singapore peaked at 37.7% in 1987 and was at its lowest, 1.4%, in 2021.
That places Singapore 184th out of 198 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Travel services in Singapore, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1972 | 27.2% | — |
| 1973 | 28.1% | +3.2% |
| 1974 | 23.1% | -17.6% |
| 1975 | 19.5% | -15.5% |
| 1976 | 21.7% | +11.0% |
| 1977 | 24.0% | +10.7% |
| 1978 | 25.9% | +8.0% |
| 1979 | 31.2% | +20.4% |
| 1980 | 29.5% | -5.4% |
| 1981 | 24.9% | -15.5% |
| 1982 | 23.2% | -7.0% |
| 1983 | 25.5% | +9.8% |
| 1984 | 30.2% | +18.6% |
| 1985 | 36.3% | +20.2% |
| 1986 | 37.6% | +3.7% |
| 1987 | 37.7% | +0.1% |
| 1988 | 35.3% | -6.2% |
| 1989 | 34.8% | -1.6% |
| 1990 | 36.3% | +4.4% |
| 1991 | 33.4% | -8.0% |
| 1992 | 35.4% | +5.9% |
| 1993 | 34.4% | -2.8% |
| 1994 | 29.4% | -14.4% |
| 1995 | 29.2% | -0.6% |
| 1996 | 27.2% | -7.0% |
| 1997 | 23.8% | -12.4% |
| 1998 | 20.1% | -15.6% |
| 1999 | 21.0% | +4.6% |
| 2000 | 19.8% | -6.1% |
| 2001 | 18.0% | -9.1% |
| 2002 | 16.0% | -11.0% |
| 2003 | 12.7% | -20.8% |
| 2004 | 13.5% | +6.4% |
| 2005 | 13.6% | +1.1% |
| 2006 | 12.9% | -5.1% |
| 2007 | 12.3% | -4.5% |
| 2008 | 11.9% | -3.5% |
| 2009 | 11.4% | -4.3% |
| 2010 | 14.1% | +24.0% |
| 2011 | 15.0% | +6.4% |
| 2012 | 14.5% | -3.4% |
| 2013 | 13.5% | -6.7% |
| 2014 | 12.5% | -8.0% |
| 2015 | 10.8% | -12.9% |
| 2016 | 12.4% | +14.2% |
| 2017 | 11.4% | -7.9% |
| 2018 | 9.5% | -16.4% |
| 2019 | 8.9% | -6.3% |
| 2020 | 2.5% | -72.3% |
| 2021 | 1.4% | -43.5% |
| 2022 | 3.3% | +137.8% |
| 2023 | 6.1% | +84.8% |
| 2024 | 6.1% | -0.2% |
| 2025 | 6.5% | +6.0% |
Singapore compared with similar countries
- Singapore's 6.5% is below the median for high income countries, which is 26.8%, 24% of the median. (72 countries reporting)
- Singapore's 6.5% is below the median for East Asia & Pacific, which is 44.9%, 14% of the median. (32 countries reporting)
Biggest year-on-year movements
Years where Travel services in Singapore changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +137.8% | 1.4% | 3.3% |
| 2023 | +84.8% | 3.3% | 6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.1% | 19.5% | 31.2% | 8 |
| 1980s | 31.5% | 23.2% | 37.7% | 10 |
| 1990s | 29.0% | 20.1% | 36.3% | 10 |
| 2000s | 14.2% | 11.4% | 19.8% | 10 |
| 2010s | 12.3% | 8.9% | 15.0% | 10 |
| 2020s | 4.3% | 1.4% | 6.5% | 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)
- 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 travel services in Singapore?
- Travel services in Singapore was 6.5% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Singapore?
- The highest recorded value was 37.7% in 1987.
- What is the lowest travel services recorded in Singapore?
- The lowest recorded value was 1.4% in 2021.
- How does Singapore rank for travel services?
- Singapore ranks 184th out of 198 countries with data for 2025.
- Is travel services rising or falling in Singapore?
- Over the last ten years it is down 40.1%. The long-run trend across the full record is volatile.
- 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 Travel services (% of service exports, BoP). 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
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.