Singapore GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
Singapore's gdp growth was 2.23% in 2025, ranked 128th globally. This represents a 49.3% decrease from 2024. Data from World Bank, covering 1961–2025.
Overview
Singapore's gdp growth stood at 2.23% in 2025, a decline of +2.16pp from 2024. The IMF projects 2.23% by 2025. Singapore ranked 128th globally.
Singapore's GDP growth has exhibited significant fluctuations over its 65-year coverage period, spanning from 1961 to 2025. The country's all-time peak of 14.52% in 2010 reflects a period of robust economic expansion, whereas the 2020 trough of -3.81% highlights the devastating impact of the COVID-19 pandemic on the nation's economy. Singapore's current GDP growth rate stands at 2.23%, ranking 128th globally. A comparison with peer countries such as Czechia, which experienced a GDP growth rate of 2.30% in 2025, underscores Singapore's relative moderation. The country's economic trajectory has been characterized by a cyclical pattern, with periods of high growth punctuated by occasional downturns. To sustain its economic momentum, Singapore would need to address its aging population and increasing reliance on foreign labor, as these demographic shifts may pose significant challenges to its economic growth trajectory.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 2.51% | - | - |
| 2029* IMF | 2.49% | - | - |
| 2028* IMF | 2.53% | - | - |
| 2027* IMF | 2.49% | - | - |
| 2026* IMF | 1.82% | - | - |
| 2025* IMF | 2.23% | - | - |
| 2025 | 2.23% | −2.16pp | #128 |
| 2024 | 4.39% | +2.57pp | #50 |
| 2023 | 1.82% | −2.29pp | #141 |
| 2022 | 4.11% | −5.65pp | #113 |
| 2021 | 9.76% | +13.57pp | #35 |
| 2020 | -3.81% | −5.12pp | #103 |
| 2019 | 1.31% | −2.14pp | #154 |
| 2018 | 3.45% | −1.03pp | #97 |
| 2017 | 4.48% | +0.73pp | #62 |
| 2016 | 3.75% | +0.77pp | #86 |
| 2015 | 2.98% | −0.96pp | #100 |
| 2014 | 3.94% | −0.88pp | #86 |
| 2013 | 4.82% | +0.38pp | #70 |
| 2012 | 4.44% | −1.78pp | #79 |
| 2011 | 6.21% | −8.31pp | #55 |
Detected Pattern
Analysis
Singapore matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp growth improve within 24 months. View full analysis →
Frequently Asked Questions
Singapore's gdp growth was 2.23% in 2025. Ranked 128th globally. This represents a 49.3% decrease from the previous year.
Singapore's gdp growth peaked at 14.52% in 2010.
The lowest gdp growth in Singapore was -3.81% in 2020.
Singapore ranks 128th globally in gdp growth as of 2025.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
Singapore's gdp growth is projected to reach 2.23% by 2025 based on IMF projection.
The gdp growth of Singapore in 2025 was 2.23%. This ranks 128th in the world.
Cite this page
@misc{historysaid_singapore_gdp-growth,
title = {Singapore GDP Growth},
url = {https://historysaid.com/singapore/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}