National Accounts

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National Income Estimates

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.

National Accounts

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.

Find out more on the chain linking of real GDP from the video in the 'Visualising Data' section below.

Data

Please click on the topic to view the available data tables.

View latest data:

Key Indicators

Items	Unit	Latest Period	Latest Data	% Change (Y-o-Y) 1/	Previous Period Data	% Change (Y-o-Y) 2/
National Accounts
GDP at Current Market Prices	S$m	4Q 2025	212,142.8	4.4	197,686.6	0.7
GDP in Chained (2015) Dollars	S$m	4Q 2025	156,406.8	6.9	150,168.1	4.6
GDP at Current Market Prices	S$m	2025	789,529.2	3.1	765,497.5	11.5
GDP in Chained (2015) Dollars	S$m	2025	593,855.0	5.0	565,451.0	5.3
Items	Unit	Latest Period	Latest Data	% Change (Y-o-Y) 1/	Previous Period Data	% Change (Y-o-Y) 2/
Per Capita GDP	S$	2025	126,803.0	-2.0	129,194.0	11.0
Per Capita GNI	S$	2025	107,365.0	2.0	104,835.0	12.0
Gross Fixed Capital Formation at Current Prices	S$m	2025	174,363.9	8.3	161,041.2	7.3
Public Sector	S$m	2025	35,063.0	8.1	32,432.1	16.1
Private Sector	S$m	2025	139,300.9	8.3	128,609.1	5.2
Gross National Saving	S$m	2025	309,492.8	3.5	298,928.1	16.1

Data are preliminary when first released.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Gross Domestic Product

Title : Gross Domestic Product At Current Prices, By Industry (SSIC 2020), Annual

SOURCE : SINGAPORE DEPARTMENT OF STATISTICS

Footnotes

Gross Domestic Product At Current Prices, By Industry (SSIC 2020), Annual

Gross Domestic Product In Chained (2015) Dollars, By Industry (SSIC 2020), Annual

Gross Domestic Product Deflators (2015 = 100), By Industry (SSIC 2020), Annual

Download all in Excel (47 KB)

Expenditure on Gross Domestic Product

Title : Expenditure On Gross Domestic Product At Current Prices, Annual

Million Dollars

Data Items	2018	2019	2020	2021	2022	2023	2024	2025
GDP At Current Market Prices	509,830.4	514,052.1	484,602	592,625	708,983	686,398	765,497.5	789,529.2
Private Consumption Expenditure	176,475.2	184,264	155,787.1	170,558.9	199,217.9	216,305.4	234,887.4	245,455.8
Government Consumption Expenditure	50,676.3	52,707.8	59,073.7	62,419.4	64,722.7	67,556	76,956.9	80,940.9
Gross Fixed Capital Formation	113,956.3	117,201.2	101,763.8	130,841.1	144,199.8	150,136	161,041.2	174,363.9
Changes In Inventories	11,793.4	7,926.7	9,358.1	12,086.9	10,920	-5,096.2	6,213	3,173
Net Exports Of Goods And Services	151,421	150,966.8	151,580.6	212,072.9	281,993.7	255,057.3	275,673.5	279,469.2
Exports Of Goods And Services	906,035.1	908,942	878,001.8	1,073,595.3	1,311,694.1	1,238,468	1,336,986.2	1,404,189.4
Exports Of Goods	619,170	598,452.7	574,036.1	687,394.4	838,790.6	767,158.7	803,253	851,991.3
Exports Of Services	286,865.1	310,489.3	303,965.7	386,200.9	472,903.5	471,309.3	533,733.2	552,198.1
Imports Of Goods And Services	754,614.1	757,975.2	726,421.2	861,522.4	1,029,700.4	983,410.7	1,061,312.7	1,124,720.2
Imports Of Goods	480,444	471,430.2	433,322.5	526,344.4	616,201.2	550,820.1	573,673.2	621,625.1
Imports Of Services	274,170.1	286,545	293,098.7	335,178	413,499.2	432,590.6	487,639.5	503,095.1
Statistical Discrepancy	5,508.2	985.5	7,038.6	4,645.8	7,928.9	2,439.5	10,725.6	6,126.3

SOURCE : SINGAPORE DEPARTMENT OF STATISTICS

Footnotes

Data may not add up to the total due to rounding. For more information on national accounts methodologies, please visit Singstat website (www.singstat.gov.sg/find-data/search-by-theme/economy/national-accounts/publications-and-methodology) to view and download related publications. Exports and Imports of Goods are recorded on a free-on-board (f.o.b.) basis, that is, the value of goods when sold abroad up to the point where the goods are deposited on board the outgoing vessel, aircraft or vehicle.

Expenditure On Gross Domestic Product At Current Prices, Annual

Expenditure On Gross Domestic Product In Chained (2015) Dollars, Annual

Expenditure On Gross Domestic Product Deflators (2015 = 100), Annual

Download all in Excel (28 KB)

Private Consumption Expenditure

Private Consumption Expenditure At Current Prices, Annual

Private Consumption Expenditure In Chained (2015) Dollars, Annual

Download all in Excel (25 KB)

Gross Fixed Capital Formation

Gross Fixed Capital Formation At Current Prices, Annual

Gross Fixed Capital Formation In Chained (2015) Dollars, Annual

Download all in Excel (36 KB)

Government Consumption Expenditure

Individual and Collective Government Consumption Expenditure At Current Prices, Annual

Income Components of Gross Domestic Product at Current Prices

Title : Income Components Of Gross Domestic Product At Current Prices, Annual

Million Dollars

Data Items	2018	2019	2020	2021	2022	2023	2024	2025
GDP At Current Market Prices	509,830.4	514,052.1	484,602	592,625	708,983	686,398	765,497.5	789,529.2
Compensation Of Employees	201,201.9	209,489.9	211,015.1	227,031.2	250,505.1	267,501.8	284,092.5	298,034.7
Gross Operating Surplus	274,811.4	268,569.7	270,011.6	338,779.1	421,035.3	375,265	426,653.5	431,448.7
Taxes Less Subsidies On Production & On Imports	35,783.4	35,917.8	3,478.7	26,888.9	37,402.6	44,723	54,091.2	59,055.8
Other Taxes Less Subsidies On Production	9,174.6	9,773.4	-18,792.1	-3,527.1	5,597.9	9,876.2	12,949.3	13,949
Taxes On Products	26,608.8	26,144.4	22,270.8	30,416	31,804.7	34,846.8	41,141.9	45,106.8
Statistical Discrepancies	-1,966.3	74.7	96.6	-74.2	40	-1,091.8	660.3	990

SOURCE : SINGAPORE DEPARTMENT OF STATISTICS

Footnotes

For more information on national accounts methodologies, please visit Singstat website (www.singstat.gov.sg/find-data/search-by-theme/economy/national-accounts/publications-and-methodology) to view and download related publications.

Income Components Of Gross Domestic Product At Current Prices, Annual

Compensation Of Employees

Compensation Of Employees By Industry At Current Prices, Annual

Gross Operating Surplus

Gross Operating Surplus By Industry At Current Prices, Annual

Other Taxes Less Subsidies on Production

Other Taxes Less Subsidies On Production By Industry At Current Prices, Annual

Gross National Income, National Saving and Investment

Gross National Income, National Saving and Investment At Current Prices, Annual

Personal Disposable Income and Personal Saving

Personal Disposable Income At Current Prices, Quarterly

Visualising Data

View and explore data with the latest visualisations:

Introduction to Chain-linking of Real Gross Domestic Product

Gross Domestic Product Dashboard

This interactive dashboard allows you to explore data trends of Gross Domestic Product and sectoral performance.

Find Out More

Generation of Income Accounts Dashboard

This interactive dashboard shows the relative income shares of the generation of income account for the overall economy and by institutional sector (i.e., corporations, general government and personal).

Find Out More