Gross domestic product (GDP), Current prices, Fiscal year, Domestic in Singapore
Singapore: Gross domestic product (GDP), Current prices, Fiscal year, Domestic was 1.05 trillion in 2031. ◆ Volatile
Gross domestic product (GDP), Current prices, Fiscal year, Domestic in Singapore, 1990–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), current prices, fiscal year, domestic in Singapore is 1.05 trillion, measured in 2031. That is the highest value across all 42 years on record.
The figure is up 4.5% on the previous year and up 68.4% over ten years.
Over the whole period, gross domestic product (gdp), current prices, fiscal year, domestic in Singapore peaked at 1.05 trillion in 2031 and was at its lowest, 72.50 billion, in 1990.
That places Singapore 19th out of 26 countries with data for 2031, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Fiscal year, Domestic in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 72.50 billion | — |
| 1991 | 80.14 billion | +10.5% |
| 1992 | 88.19 billion | +10.1% |
| 1993 | 101.64 billion | +15.2% |
| 1994 | 110.45 billion | +8.7% |
| 1995 | 128.39 billion | +16.2% |
| 1996 | 137.88 billion | +7.4% |
| 1997 | 149.87 billion | +8.7% |
| 1998 | 141.39 billion | -5.7% |
| 1999 | 150.61 billion | +6.5% |
| 2000 | 168.83 billion | +12.1% |
| 2001 | 159.98 billion | -5.2% |
| 2002 | 167.27 billion | +4.6% |
| 2003 | 174.63 billion | +4.4% |
| 2004 | 198.31 billion | +13.6% |
| 2005 | 218.01 billion | +9.9% |
| 2006 | 243.93 billion | +11.9% |
| 2007 | 277.85 billion | +13.9% |
| 2008 | 270.01 billion | -2.8% |
| 2009 | 295.48 billion | +9.4% |
| 2010 | 335.61 billion | +13.6% |
| 2011 | 356.03 billion | +6.1% |
| 2012 | 371.48 billion | +4.3% |
| 2013 | 388.19 billion | +4.5% |
| 2014 | 405.11 billion | +4.4% |
| 2015 | 427.00 billion | +5.4% |
| 2016 | 452.49 billion | +6.0% |
| 2017 | 481.98 billion | +6.5% |
| 2018 | 514.37 billion | +6.7% |
| 2019 | 513.98 billion | -0.1% |
| 2020 | 495.37 billion | -3.6% |
| 2021 | 624.66 billion | +26.1% |
| 2022 | 705.30 billion | +12.9% |
| 2023 | 699.87 billion | -0.8% |
| 2024 | 773.83 billion | +10.6% |
| 2025 | 807.78 billion | +4.4% |
| 2026 | 841.65 billion | +4.2% |
| 2027 | 884.82 billion | +5.1% |
| 2028 | 922.74 billion | +4.3% |
| 2029 | 963.85 billion | +4.5% |
| 2030 | 1.01 trillion | +4.5% |
| 2031 | 1.05 trillion | +4.5% |
Singapore compared with similar countries
- Singapore's 1.05 trillion is below the median for high income countries, which is 2.99 trillion, 35% of the median. (13 countries reporting)
- Singapore's 1.05 trillion is below the median for East Asia & Pacific, which is 4.46 trillion, 24% of the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 116.11 billion | 72.50 billion | 150.61 billion | 10 |
| 2000s | 217.43 billion | 159.98 billion | 295.48 billion | 10 |
| 2010s | 424.62 billion | 335.61 billion | 514.37 billion | 10 |
| 2020s | 771.99 billion | 495.37 billion | 963.85 billion | 10 |
| 2030s | 1.03 trillion | 1.01 trillion | 1.05 trillion | 2 |
Countries ranked near Singapore
More public sector data for Singapore
- Arms imports 348.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 57.65 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0006 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -27.95 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 348.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,495 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0263 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.2 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 15.06 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 672,702 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is gross domestic product (gdp), current prices, fiscal year, domestic in Singapore?
- Gross domestic product (gdp), current prices, fiscal year, domestic in Singapore was 1.05 trillion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, fiscal year, domestic recorded in Singapore?
- The highest recorded value was 1.05 trillion in 2031.
- What is the lowest gross domestic product (gdp), current prices, fiscal year, domestic recorded in Singapore?
- The lowest recorded value was 72.50 billion in 1990.
- How does Singapore rank for gross domestic product (gdp), current prices, fiscal year, domestic?
- Singapore ranks 19th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, fiscal year, domestic rising or falling in Singapore?
- Over the last ten years it is up 68.4%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Current prices, Fiscal year, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.