GDP growth (annual %) - Singapore from The World Bank: Data. 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 GDP value of Singapore represents 0.31 percent of the world economy.

This infographic is based on data compiled by the Department of Statistics, other government agencies and statutory boards. In 2019, the information and communications sector contributed approximately 4.3 …

For 2020, the government lowered economic growth forecast to -0.5 to 1.5%, opening up the possibility of a recession this year, on the back of the ongoing coronavirus outbreak. Thematic data tables from WDI. Singapore’s gross domestic product shrank 4.7 percent quarter-on-quarter in the three months to March of 2020, the most since the third quarter of 2010, after expanding 0.6 percent in the previous period and compared with a preliminary estimate of a 10.6 percent decline. On an annualised quarterly basis, the economy grew 0.6%, after a downwardly revised 2.2% growth. More about Obtain latest news and data; View dates of upcoming data releases; Sign up for alerts on key releases; Check out the newsletter.Search for data by themes or A-Z; Obtain time series and cross sectional tables from the SingStat Table Builder; Find out more about statistical concepts; Take the Quizzes.Learn more about the statistical standards, classifications, concepts and methods adopted by Singapore Department of Statistics, as well as other international classifications.Read about the Singapore Department of Statistics, our Vision and Mission, the Singapore Statistical System and more.Join us in shaping polices and empowering decision-making with insightful statistics.Enterprises comprise companies, businesses, non-profit organisations, ministries, statutory boards and government/government-aided schools.SMEs (i.e. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. It is also Singapore’s slowest economic growth since 2009, when the economy expanded 0.1 per cent year on year.

CSV XML EXCEL. DataBank. The country is a leading foreign direct investment recipient due to its status of one of the freest, most competitive and most business-friendly economies in the world. Singapore is also an important financial center.

The Gross Domestic Product (GDP) in Singapore was worth 372.06 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Country. [71] Amid the COVID-19 pandemic , on 26 March 2020, Singapore's Ministry of Trade and Industry said it believed that the economy would contract by between 1% and 4% in 2020. For the whole of 2019, the Singapore economy expanded by 0.7%, slower than the 3.4% growth recorded in 2018.

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