Key data points
Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
14.52 % on Dec 31, 2010
Lowest
−3.90 % on Dec 31, 2020
About Singapore Full Year GDP Growth
In Singapore, services are the biggest sector of the economy and account for 72 percent of GDP. Within services the most important segments are: wholesale and retail trade (18 percent of total GDP); business services (16 percent); finance and insurance (13 percent), transport and storage (10 percent) and information and communications (5 percent). Industry contributes the remaining 28 percent total output. Manufacturing (21 percent) and construction (5 percent) are the most important industry segments.