SINGAPORE
 
ECONOMY
 
 
GDP2019

at Current

Market Prices

S$ 0 Mil

Per Capita GDP at Current Prices

$0

Real GDP Growth

0%
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Nominal GDP
2019
 
 
 
 
 
 
 
Close to 70% of nominal value added was generated by the services industries, while about 25% was generated by the goods-producing industries.
Gross Domestic Product (GDP) refers to the aggregate value of the goods and services produced within the economic territory of Singapore.
GDP estimates are compiled by the output, expenditure and income approaches.
The output approach is the main approach used to compile GDP in Singapore. More about Industry Breakdown for Output-Based GDP.
Expenditure-Based
GDP
 
 
 
Income-Based
GDP
 
 
 
Change in Value Added per Worker
In Chained (2015) Dollars in 2019
0.0
 
%

Stock of Singapore's Direct Investment

Abroad in 2018

Total S$858.1 Bil

 
MAINLAND CHINA
 
INDONESIA
 
INDIA
 
HONG KONG
 
UNITED KINGDOM
 

Stock of Foreign Direct Investment in

Singapore in 2018

TotalS$1,736.8 Bil

 
UNITED STATES
 
CAYMAN ISLANDS
 
BRITISH VIRGIN ISLANDS
 
NETHERLANDS
 
JAPAN
 
Number, Employment and Value
Added of Enterprises in 2019
ENTERPRISE COUNT
TOTAL
273,100
EMPLOYMENT
TOTAL
3.5 Mil
NOMINAL VALUE ADDED
 
 
 
 
 
 
TOTAL
S$463 Bil
Enterprise Size
 
SMEs%
 
Non-SMEs%
Enterprise Ownership
 
Local Enterprises%
 
Foreign Enterprises%
Enterprise Size
 
SMEs %
 
Non-SMEs %
Enterprise Ownership
 
Local Enterprises %
 
Foreign Enterprises %
Enterprise Size
 
SMEs %
 
Non-SMEs %
Enterprise Ownership
 
Local Enterprises %
 
Foreign Enterprises %
  1. Enterprises comprise companies, businesses, non-profit organisations, ministries, statutory boards and government/government-aided schools.
  2. SMEs (i.e. Small & Medium Enterprises) are defined as enterprises with operating receipts not more than $100 Mil or employment not more than 200 workers.
  3. Majority local-owned enterprises refer to enterprises with at least 50% local equity. Majority foreign-owned enterprises refer to enterprises with less than 50% local equity.
  4. Employment of enterprises refers to total employment excluding foreign domestic activities.
  5. Value-added of enterprises refers to Gross Value Added (GVA) less ownership of dwellings.

Top 6 Trading Partners

for Services Trade in 2018

 
  1. UNITED STATES
    S$75.3 Bil
  2. EU 27
    S$73.7 Bil
  3. JAPAN
    S$37.5 Bil
  4. MAINLAND CHINA
    S$35.3 Bil
  5. AUSTRALIA
    S$27.3 Bil
  6. HONG KONG
    S$21.7 Bil
Total International Trade in Services 2019
S$0.0 Bil
Total Services Exports - 2019S$0.0 Bil
Total Services Imports - 2019S$0.0 Bil
S$532.5 Bil
Total Exports
 
 
 
S$0.0Bil
Total Merchandise Trade in 2019
S$489.7 Bil
Total Imports
 
 
 
TOP 6 TRADING PARTNERS
 
 
 
 
 
 
S$137.3 Bil
MAINLAND CHINA
S$113.0 Bil
MALAYSIA
S$105.0 Bil
UNITED STATES
S$93.0 Bil
EU
S$66.5 Bil
TAIWAN
S$65.3 Bil
HONG KONG
Changes in Prices of Imported &
Exported Goods in 2019
Import Price Index
2019 over 2018 Year-on-Year Change
 
 
0%
 
Export Price Index
2019 over 2018 Year-on-Year Change
 
 
0%
 
icon lampMore about theImport and Export Price Indices
Do You Know? in 2019...
US$1
 
S$1.35
£1
 
S$1.77
€1
 
S$1.51
100
 
S$1.24
2.3 Mil
Resident Labour Force
%
Resident LFPR
LFPR = Labour Force Participation Ratei
44.7 Hrs
Average Weekly Paid Hours Worked
 
 
 
 
 
 
131
Banks operating
in Singapore
 
 
5.6 Mil
Principal
Card Holders
    
 
1.2 Mil
Supplementary
Card Holders
9.1 Mil
Mobile Phone Subscriptions
3.3 Mil
MRT Average Daily Ridership
19.1 Mil
International Visitor Arrivals
S$26.9 Bil
Tourism Receipts
    
4,635
Restaurants
491
Fast Food Outlets
Refers to 2018 Data
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Note: numbers may not add up to the totals due to rounding

Updated in May 2020

For more information, please refer to the Themes Page

https://www.singstat.gov.sg/find-data/search-by-theme