Singapore GDP Growth Rate 1960-2024

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
  • Singapore gdp growth rate for 2022 was 3.65%, a 5.24% decline from 2021.
  • Singapore gdp growth rate for 2021 was 8.88%, a 12.78% increase from 2020.
  • Singapore gdp growth rate for 2020 was -3.90%, a 5.23% decline from 2019.
  • Singapore gdp growth rate for 2019 was 1.33%, a 2.24% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name GDP Growth (%)
Bahamas 14.37%
Barbados 11.33%
Monaco 11.10%
Panama 10.81%
Aruba 10.46%
Sint Maarten (Dutch part) 9.80%
Antigua and Barbuda 9.52%
Ireland 9.43%
Seychelles 9.00%
Kuwait 8.86%
St. Kitts and Nevis 8.85%
Andorra 8.81%
Saudi Arabia 8.68%
Curacao 7.89%
UAE 7.85%
Iceland 7.24%
Malta 6.92%
Israel 6.83%
Portugal 6.83%
Croatia 6.35%
Turks and Caicos Islands 6.20%
Spain 5.77%
Greece 5.56%
Faroe Islands 5.40%
Poland 5.26%
Cyprus 5.06%
Argentina 4.96%
Uruguay 4.92%
Bahrain 4.86%
Austria 4.81%
Hungary 4.55%
French Polynesia 4.47%
United Kingdom 4.35%
Netherlands 4.33%
Oman 4.31%
Australia 4.27%
Qatar 4.21%
Canada 3.82%
Italy 3.72%
Cayman Islands 3.67%
Singapore 3.65%
New Caledonia 3.50%
Puerto Rico 3.36%
Latvia 3.36%
Norway 3.02%
Belgium 3.01%
Bermuda 2.93%
Sweden 2.91%
New Zealand 2.85%
Denmark 2.73%
South Korea 2.61%
Switzerland 2.57%
Slovenia 2.46%
France 2.45%
Chile 2.44%
Lithuania 2.44%
Czech Republic 2.35%
United States 1.94%
Germany 1.81%
Slovak Republic 1.75%
Finland 1.63%
Trinidad and Tobago 1.48%
Luxembourg 1.38%
Japan 0.95%
Channel Islands 0.00%
Greenland 0.00%
Virgin Islands (U.S.) 0.00%
British Virgin Islands 0.00%
Gibraltar 0.00%
Liechtenstein 0.00%
Northern Mariana Islands 0.00%
Isle of Man 0.00%
Palau 0.00%
San Marino 0.00%
St. Martin (French part) 0.00%
Guam 0.00%
Estonia -1.29%
Brunei -1.63%
Hong Kong -3.48%
Macao -21.45%
Singapore GDP Growth Rate - Historical Data
Year GDP Growth (%) Annual Change
2022 3.65% -5.24%
2021 8.88% 12.78%
2020 -3.90% -5.23%
2019 1.33% -2.24%
2018 3.58% -0.97%
2017 4.54% 0.94%
2016 3.60% 0.62%
2015 2.98% -0.96%
2014 3.94% -0.88%
2013 4.82% 0.38%
2012 4.44% -1.78%
2011 6.21% -8.30%
2010 14.52% 14.39%
2009 0.13% -1.74%
2008 1.86% -7.16%
2007 9.02% 0.01%
2006 9.01% 1.64%
2005 7.37% -2.57%
2004 9.94% 5.39%
2003 4.55% 0.62%
2002 3.92% 4.99%
2001 -1.07% -10.11%
2000 9.04% 3.32%
1999 5.72% 7.91%
1998 -2.19% -10.51%
1997 8.32% 0.84%
1996 7.47% 0.30%
1995 7.18% -3.92%
1994 11.10% -0.36%
1993 11.46% 4.82%
1992 6.64% -0.05%
1991 6.69% -3.13%
1990 9.82% -0.34%
1989 10.16% -1.10%
1988 11.26% 0.47%
1987 10.80% 9.46%
1986 1.34% 1.97%
1985 -0.62% -9.42%
1984 8.79% 0.24%
1983 8.55% 1.45%
1982 7.10% -3.71%
1981 10.82% 0.70%
1980 10.11% 0.56%
1979 9.55% 1.78%
1978 7.78% 0.92%
1977 6.85% -0.58%
1976 7.44% 3.45%
1975 3.99% -2.13%
1974 6.12% -4.49%
1973 10.60% -2.71%
1972 13.32% 0.90%
1971 12.41% -1.53%
1970 13.94% 0.11%
1969 13.83% 0.31%
1968 13.53% 1.02%
1967 12.51% 2.33%
1966 10.18% 2.35%
1965 7.83% 10.94%
1964 -3.10% -13.14%
1963 10.04% 2.49%
1962 7.55% -0.58%
1961 8.14% 8.14%
1960 0.00% 8.14%