Value Added Deflator (Manufacturing) — Value Standard Local Currency in Singapore
Singapore: Value Added Deflator (Manufacturing) — Value Standard Local Currency was 107.31 SLC in 2023. ▲ Rising
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Singapore, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
Singapore recorded 107.31 SLC for value added deflator (manufacturing) — value standard local currency in 2023.
The figure is down 8.4% on the previous year and up 24.3% over ten years.
Over the whole period, value added deflator (manufacturing) — value standard local currency in Singapore peaked at 117.12 SLC in 2022 and was at its lowest, 27.96 SLC, in 1970.
That places Singapore 170th out of 194 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Singapore, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 27.96 SLC | — |
| 1971 | 29.65 SLC | +6.0% |
| 1972 | 32.63 SLC | +10.0% |
| 1973 | 37.13 SLC | +13.8% |
| 1974 | 45.53 SLC | +22.6% |
| 1975 | 48.42 SLC | +6.4% |
| 1976 | 48.79 SLC | +0.8% |
| 1977 | 49.78 SLC | +2.0% |
| 1978 | 51.78 SLC | +4.0% |
| 1979 | 56.76 SLC | +9.6% |
| 1980 | 66.33 SLC | +16.9% |
| 1981 | 69.14 SLC | +4.2% |
| 1982 | 69.43 SLC | +0.4% |
| 1983 | 72.83 SLC | +4.9% |
| 1984 | 74.07 SLC | +1.7% |
| 1985 | 73.53 SLC | -0.7% |
| 1986 | 76.32 SLC | +3.8% |
| 1987 | 77.1 SLC | +1.0% |
| 1988 | 82.74 SLC | +7.3% |
| 1989 | 83.89 SLC | +1.4% |
| 1990 | 84.96 SLC | +1.3% |
| 1991 | 93.66 SLC | +10.2% |
| 1992 | 94.68 SLC | +1.1% |
| 1993 | 100.06 SLC | +5.7% |
| 1994 | 98.52 SLC | -1.5% |
| 1995 | 100.51 SLC | +2.0% |
| 1996 | 103.06 SLC | +2.5% |
| 1997 | 103.44 SLC | +0.4% |
| 1998 | 103 SLC | -0.4% |
| 1999 | 93.56 SLC | -9.2% |
| 2000 | 104.14 SLC | +11.3% |
| 2001 | 103.52 SLC | -0.6% |
| 2002 | 103.94 SLC | +0.4% |
| 2003 | 103.72 SLC | -0.2% |
| 2004 | 114.02 SLC | +9.9% |
| 2005 | 113.74 SLC | -0.3% |
| 2006 | 110.74 SLC | -2.6% |
| 2007 | 108.19 SLC | -2.3% |
| 2008 | 98.02 SLC | -9.4% |
| 2009 | 103.82 SLC | +5.9% |
| 2010 | 94.99 SLC | -8.5% |
| 2011 | 89.25 SLC | -6.0% |
| 2012 | 91.16 SLC | +2.1% |
| 2013 | 86.34 SLC | -5.3% |
| 2014 | 88.94 SLC | +3.0% |
| 2015 | 100 SLC | +12.4% |
| 2016 | 96.97 SLC | -3.0% |
| 2017 | 100.36 SLC | +3.5% |
| 2018 | 112.27 SLC | +11.9% |
| 2019 | 107.64 SLC | -4.1% |
| 2020 | 95.15 SLC | -11.6% |
| 2021 | 104.98 SLC | +10.3% |
| 2022 | 117.12 SLC | +11.6% |
| 2023 | 107.31 SLC | -8.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 42.84 SLC | 27.96 SLC | 56.76 SLC | 10 |
| 1980s | 74.54 SLC | 66.33 SLC | 83.89 SLC | 10 |
| 1990s | 97.54 SLC | 84.96 SLC | 103.44 SLC | 10 |
| 2000s | 106.39 SLC | 98.02 SLC | 114.02 SLC | 10 |
| 2010s | 96.79 SLC | 86.34 SLC | 112.27 SLC | 10 |
| 2020s | 106.14 SLC | 95.15 SLC | 117.12 SLC | 4 |
Countries ranked near Singapore
- 167 Montserrat 107.7 SLC compare
- 168 Jordan 107.48 SLC compare
- 169 Bermuda 107.33 SLC compare
- 171 Liechtenstein 105.76 SLC compare
- 172 Republic of Korea 105.6 SLC compare
- 173 Aruba 104.94 SLC 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)
- Services, value added (constant LCU), per capita 66,946 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate -1.8 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.03 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9429 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 93,169 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 2.77 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.23 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 121,813 current LCU per person (2025)
Frequently asked questions
- What is value added deflator (manufacturing) — value standard local currency in Singapore?
- Value added deflator (manufacturing) — value standard local currency in Singapore was 107.31 SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added deflator (manufacturing) — value standard local currency recorded in Singapore?
- The highest recorded value was 117.12 SLC in 2022.
- What is the lowest value added deflator (manufacturing) — value standard local currency recorded in Singapore?
- The lowest recorded value was 27.96 SLC in 1970.
- How does Singapore rank for value added deflator (manufacturing) — value standard local currency?
- Singapore ranks 170th out of 194 countries with data for 2023.
- Is value added deflator (manufacturing) — value standard local currency rising or falling in Singapore?
- Over the last ten years it is up 24.3%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).