SINGAPORE
ECONOMY
GDP2020

at Current

Market Prices

S$ 0 Mil

Per Capita GDP at Current Market Prices

$0

Real GDP Growth

0%
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Nominal GDP
2020
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 2020
0.0
%

Stock of Singapore's Direct Investment

Abroad in 2019

Total S$934.7 Bil

MAINLAND CHINA
NETHERLANDS
INDONESIA
CAYMAN ISLANDS
INDIA

Stock of Foreign Direct Investment in

Singapore in 2019

TotalS$1,912.3 Bil

UNITED STATES
CAYMAN ISLANDS
BRITISH VIRGIN ISLANDS
JAPAN
LUXEMBOURG
Number, Employment and Value
Added of Enterprises in 2020
ENTERPRISE COUNT
TOTAL
281,000
EMPLOYMENT
TOTAL
3.35 Mil
NOMINAL VALUE ADDED
TOTAL
S$428 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 2019

  1. UNITED STATES
    S$75.7 Bil
  2. EU 27
    S$70.9 Bil
  3. JAPAN
    S$42.2 Bil
  4. MAINLAND CHINA
    S$41.3 Bil
  5. AUSTRALIA
    S$30.7 Bil
  6. HONG KONG
    S$24.2 Bil
Total International Trade in Services 2020
S$0.0 Bil
Total Services Exports - 2020S$0.0 Bil
Total Services Imports - 2020S$0.0 Bil
S$515.6 Bil
Total Exports
S$0.0Bil
Total Merchandise Trade in 2020
S$453.5 Bil
Total Imports
TOP 6 TRADING PARTNERS
S$136.2 Bil
MAINLAND CHINA
S$103.5 Bil
MALAYSIA
S$102.4 Bil
UNITED STATES
S$90.1 Bil
EU
S$75.2 Bil
TAIWAN
S$69.0 Bil
HONG KONG
Changes in Prices of Imported &
Exported Goods in 2020
Import Price Index
2020 over 2019 Year-on-Year Change
0%
Export Price Index
2020 over 2019 Year-on-Year Change
0%
icon lampMore about theImport and Export Price Indices
Do You Know? in 2020...
US$1
S$1.32
£1
S$1.80
€1
S$1.62
100*
S$1.28
2.3 Mil
Resident Labour Force
%
Resident LFPR
LFPR = Labour Force Participation Ratei
44.0 Hrs
Average Weekly Hours Worked
132
Banks operating
in Singapore
5.5 Mil
Principal
Card Holders
1.1 Mil
Supplementary
Card Holders
8.4 Mil
Mobile Phone Subscription
2.0 Mil
MRT Average Daily Ridership
2.7 Mil
International Visitor Arrivals
S$27.7 Bil
Tourism Receipts
4,635
Restaurants
491
Fast Food Outlets
* Refers to Japanese Yen.
   
Refers to 2019 Data
   
Refers to 2018 Data
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Note: numbers may not add up to the totals due to rounding

Updated in Apr 2021

For more information, please refer to the Themes Page

http://www.singstat.gov.sg/statistics/browse-by-theme