Definitions

Data refer to the annual changes in per capita Gross Domestic Product (GDP) in chained (2015) dollars. The annual growth rate is calculated as the percentage change in the real GDP per capita between two consecutive years. Real GDP per capita is calculated by dividing real GDP by the population. Data for real GDP are measured in chained (2015) dollars (US dollars), using a constant 2015 USD-SGD exchange rate.

Concepts

Real GDP is the aggregate value of goods and services produced, adjusted for price changes to reflect the real value of output.
Analytical framework: The System of National Accounts (SNA) is used as the overall conceptual framework. Singapore has adopted the major recommendations of the 2008 SNA.

Computational Method

[A] Convert annual GDP in chained (2015) dollars (SG dollars) to US dollars using the constant 2015 USD-SGD exchange rates.
[B] Annual GDP per capita in chained (2015) dollars (US dollars) = (GDP in chained (2015) dollars (US dollars)) / (Total population)
[C] Annual growth rate of real GDP per capita in year t+1 = [(G(t+1) - G(t)) / G(t)] x 100%, where G(t+1) is real GDP per capita in year t+1; and G(t) is real GDP per capita in year t.

Disaggregation

-

Data Source

Singapore Department of Statistics (DOS)

Data Collection

GDP estimates are compiled using a wide range of data sources, including both administrative data and surveys. Income and expenditure statements of statutory boards and other companies are also used.

Time Period

1961 onwards

Frequency

Annual

SDG Global Metadata

Link to United Nations SDG global metadata

Indicator 8.1.1