Singapore Economy — GDP, Growth & Key Data
IMF World Economic Outlook and World Bank readings. Each figure below retains its own reference year, source and unit.
- Nominal GDP
- $659.57B
- Reference year 2026
- current US dollars
- International Monetary Fund (World Economic Outlook)
- Series and history →
Unrounded value
659572000000 current US dollars
- Real GDP growth
- 3.5%
- Reference year 2026
- annual percent change in real GDP
- International Monetary Fund (World Economic Outlook)
- Series and history →
Unrounded value
3.5 annual percent change in real GDP
- Inflation (annual-average CPI)
- 2.3%
- Reference year 2026
- annual percent change in average consumer prices
- International Monetary Fund (World Economic Outlook)
- Series and history →
Unrounded value
2.3 annual percent change in average consumer prices
- Unemployment
- 2.0%
- Reference year 2026
- percent of labor force
- International Monetary Fund (World Economic Outlook)
- Series and history →
Unrounded value
2 percent of labor force
- GDP per person
- $107,758
- Reference year 2026
- current US dollars per person
- International Monetary Fund (World Economic Outlook)
- Series and history →
Unrounded value
107758.033 current US dollars per person
- Population
- 6.1M
- Reference year 2025
- people
- World Bank (World Development Indicators)
- Series and history →
Unrounded value
6111175 people
- General government gross debt
- 171.9%
- Reference year 2026
- percent of GDP
- International Monetary Fund (World Economic Outlook)
- Series and history →
Unrounded value
171.9 percent of GDP
- Life expectancy at birth
- 83.3 years
- Reference year 2024
- years
- World Bank (World Development Indicators)
- Series and history →
Unrounded value
83.3463414634146 years
Nominal GDP: Rank 27 among 188 covered IMF economies for reference year 2026. This is a ranking of covered positive readings with the same reference-year label.
Each figure retains its own reference year, unit and source. Missing values are not zero. IMF readings can include estimates or projections; their stored release vintage, observation status and country-specific fiscal-year mapping are unavailable. A shared year label does not establish identical calendar periods.
Population follows the World Bank’s midyear-estimate definition. Nominal GDP is converted from stored billions of US dollars to US dollars. GDP per person is output per person, not a typical income; general-government gross debt is broader than central-government debt.
Singapore Economic Overview
Singapore is perhaps the most improbable economic success story in modern history. A city-state of 6 million people with zero natural resources, no hinterland, and no agricultural capacity, it has one of the world's highest GDP per capita figures at $107,758 (reference year 2026). This transformation from a colonial trading post to a first-world economy in a single generation was achieved through visionary governance, strategic investment in education, relentless focus on rule of law and anti-corruption, and positioning as Asia's premier business hub.
Singapore's economy is built on three pillars: financial services (Asia's second-largest financial center after Hong Kong/Shanghai, with $4T+ in assets under management), trade and logistics (the world's busiest container port and a critical oil refining hub), and high-tech manufacturing (a major node in the global semiconductor supply chain). Changi Airport is consistently rated the world's best, reflecting Singapore's obsession with infrastructure quality.
Challenges include high cost of living, an aging population, income inequality (high for a developed Asian economy), and overreliance on imported labor. Singapore's life expectancy at 83.3 years (reference year 2024) years is among the world's highest. The city-state competes directly with Switzerland and Hong Kong as a global wealth management hub.
Questions about Singapore’s figures
What nominal gdp does SOTW report for Singapore in reference year 2026?
Singapore: nominal gdp is $659.57B (current US dollars; reference year 2026). Source: International Monetary Fund (World Economic Outlook). Rank 27 among 188 covered IMF economies for reference year 2026.
What real gdp growth does SOTW report for Singapore in reference year 2026?
Singapore: real gdp growth is 3.5% (annual percent change in real GDP; reference year 2026). Source: International Monetary Fund (World Economic Outlook).
What population does SOTW report for Singapore in reference year 2025?
Singapore: population is 6.1M (people; reference year 2025). Source: World Bank (World Development Indicators). The World Bank definition describes midyear population estimates.
What life expectancy at birth does SOTW report for Singapore in reference year 2024?
Singapore: life expectancy at birth is 83.3 years (years; reference year 2024). Source: World Bank (World Development Indicators).