Statistics on national accounts provide up-to-date performance indicators for the Singapore economy.
Singapore adopts the output, expenditure, and income approaches for compiling national income aggregates. The concepts, definitions and methodologies given in the United Nations’ publication “System of National Accounts, 2008” (SNA) are closely followed. Singapore is currently reviewing the adoption of the updated 2025 SNA.
A significant improvement in the latest benchmarking of Singapore’s national accounts from reference year 2010 to 2015 is the adoption of the SNA recommendation to compile annually reweighted chain volume measures (CVM) of GDP.
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Related information
Introduction to the Implicit Gross Domestic Product Deflator (IGD), discussion on impact of volatile interest rates on the IGD of the Finance & Insurance industry.
Summary on Singapore and Australia’s collaboration to promote common measures for the green economy under the Singapore-Australia Green Economy Agreement.
Find out about revisions to GDP estimates, Covid-19’s impact on revisions, and how Singapore's revisions compare with other countries.
Learn more about compiling quarterly GDP estimates using output approach, covering data sources, methods, and economic indicators.
A guide to production and generation of income accounts by institutional sector, and government consumption expenditure by individual and collective consumption.
This article presents the work that DOS was involved in for the 2021 International Comparison Program (ICP) and highlights the results from 2017 ICP.
Explains how GDP(I) is compiled and analyses the impact of government fiscal support on businesses and workers.
Overview on the adoption of annually reweighted chain volume measures of GDP, and other conceptual improvements during DOS' benchmarking exercise to reference year 2015.
In-depth paper on the adoption of annually reweighted chain volume measures of GDP, and other conceptual improvements.
Overview on capitalising research and development expenditure in national accounts, and other conceptual improvements during DOS' rebasing exercise to reference year 2010.
Information paper detailing the capitalisation of research and development expenditure in national accounts, and other conceptual improvements.
Revised methodology for measurement and allocation of implicit charges for financial services, and other conceptual improvements during DOS' rebasing exercise to reference year 2005.
In-depth paper on revised methodology for the measurement and allocation of implicit charges for financial services, and other conceptual improvements.
Introduction to implicit GDP deflators (IGDs), how they are derived, differences from CPI, and trends in expenditure and production-based IGDs.
Overview of the International Comparison Program (ICP), covering purchasing power parities and price level indices, with Singapore's results from the 2005 ICP round.
Overview on capitalising software expenditure in national accounts, and other conceptual improvements during DOS' rebasing exercise to reference year 2000.
Information paper detailing the capitalisation of software expenditure in national accounts, and other conceptual improvements.
An overview of seasonal adjustment methodology, covering seasonality, calendar effects, X12-ARIMA method, and uses of seasonally adjusted data.
This report elaborates on the sectors of the non-observed economy in Singapore and explains the approach to measuring them.
An article discussing different ways to compute and present quarterly growth rates.
Methodological changes and improvements during DOS' rebasing exercise to reference year 1995, particularly basic price adoption for output valuation, and impact on real GDP estimates.
Information paper providing in-depth details on the methodological changes and basic price adoption for output valuation during DOS' rebasing exercise to reference year 1995.
Find out more about the compilation methodologies of GDP estimates of the financial services sector.
A paper detailing how DOS measures Singapore’s services economy, with special emphasis on the short-term indicators used.
This report explains the methodology underlying the compilation of Singapore's GDP using the income approach and presents historical data series from 1980 to 1997.
This paper examines underlying trends in the income components of Singapore’s GDP and compares it with selected countries.
External Resources
- Impact of the COVID-19 Pandemic on the Singapore Economy
An analysis of the effects of COVID-19 on the Singapore economy.
- Trends in E-commerce in the Services Sector
Trends in e-commerce among firms in Singapore’s services sector over the period of 2016 to 2018.
- Occasional Paper on Population and Economy
Paper addressing Singapore's demographic shifts using a multi-pronged approach.
- Economic Survey of Singapore
Find out more about the Singapore economy in Economic Survey of Singapore, feature articles and key economic indicators.
- Metadata for National Accounts
Information on data and dissemination practices of countries that subscribe to the IMF's Special Data Dissemination Standard.
