GDP (current LCU), annual growth rate in Singapore
Singapore: GDP (current LCU), annual growth rate was 7.77 % change on previous year in 2024. ◆ Volatile
GDP (current LCU), annual growth rate in Singapore, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Singapore recorded 7.77 % change on previous year for gdp (current lcu), annual growth rate in 2024.
The figure is up 336.3% on the previous year and up 112.5% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Singapore peaked at 25.21 % change on previous year in 1973 and was at its lowest, -6.12 % change on previous year, in 2020.
That places Singapore 96th out of 211 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate in Singapore, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 17.87 % change on previous year | — |
| 1972 | 19.8 % change on previous year | +10.8% |
| 1973 | 25.21 % change on previous year | +27.3% |
| 1974 | 23.43 % change on previous year | -7.1% |
| 1975 | 6.99 % change on previous year | -70.2% |
| 1976 | 9.28 % change on previous year | +32.8% |
| 1977 | 9 % change on previous year | -3.1% |
| 1978 | 12.13 % change on previous year | +34.9% |
| 1979 | 15.29 % change on previous year | +26.0% |
| 1980 | 22.37 % change on previous year | +46.3% |
| 1981 | 17.33 % change on previous year | -22.5% |
| 1982 | 11.96 % change on previous year | -31.0% |
| 1983 | 12 % change on previous year | +0.3% |
| 1984 | 9.65 % change on previous year | -19.6% |
| 1985 | -2.08 % change on previous year | -121.5% |
| 1986 | 0.0732 % change on previous year | -103.5% |
| 1987 | 11.39 % change on previous year | +15463.3% |
| 1988 | 17.31 % change on previous year | +52.0% |
| 1989 | 14.74 % change on previous year | -14.8% |
| 1990 | 14.98 % change on previous year | +1.6% |
| 1991 | 11.42 % change on previous year | -23.8% |
| 1992 | 8.12 % change on previous year | -28.9% |
| 1993 | 15.31 % change on previous year | +88.6% |
| 1994 | 14.94 % change on previous year | -2.4% |
| 1995 | 10.58 % change on previous year | -29.2% |
| 1996 | 9.09 % change on previous year | -14.1% |
| 1997 | 9.49 % change on previous year | +4.4% |
| 1998 | -3.49 % change on previous year | -136.8% |
| 1999 | 1.94 % change on previous year | -155.5% |
| 2000 | 13.25 % change on previous year | +584.3% |
| 2001 | -2.87 % change on previous year | -121.6% |
| 2002 | 2.99 % change on previous year | -204.4% |
| 2003 | 2.67 % change on previous year | -10.8% |
| 2004 | 14.29 % change on previous year | +435.8% |
| 2005 | 9.41 % change on previous year | -34.2% |
| 2006 | 11.02 % change on previous year | +17.1% |
| 2007 | 15.47 % change on previous year | +40.4% |
| 2008 | 0.4562 % change on previous year | -97.1% |
| 2009 | 3.09 % change on previous year | +576.4% |
| 2010 | 15.79 % change on previous year | +411.7% |
| 2011 | 7.46 % change on previous year | -52.8% |
| 2012 | 4.95 % change on previous year | -33.6% |
| 2013 | 4.37 % change on previous year | -11.9% |
| 2014 | 3.66 % change on previous year | -16.2% |
| 2015 | 6.14 % change on previous year | +67.9% |
| 2016 | 4.29 % change on previous year | -30.1% |
| 2017 | 7.47 % change on previous year | +74.1% |
| 2018 | 7.18 % change on previous year | -3.8% |
| 2019 | 0.8776 % change on previous year | -87.8% |
| 2020 | -6.12 % change on previous year | -797.0% |
| 2021 | 21.75 % change on previous year | -455.7% |
| 2022 | 19.64 % change on previous year | -9.7% |
| 2023 | -3.29 % change on previous year | -116.7% |
| 2024 | 7.77 % change on previous year | -336.3% |
Singapore compared with similar countries
- Singapore's 7.77 % change on previous year is above the median for high income countries, which is 5.96 % change on previous year, 1.3× the median. (82 countries reporting)
- Singapore's 7.77 % change on previous year is above the median for East Asia & Pacific, which is 7.63 % change on previous year, 1.0× the median. (36 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU), annual growth rate in Singapore changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | +15463.3% | 0.0732 % change on previous year | 11.39 % change on previous year |
| 2020 | -797.0% | 0.8776 % change on previous year | -6.12 % change on previous year |
| 2000 | +584.3% | 1.94 % change on previous year | 13.25 % change on previous year |
| 2009 | +576.4% | 0.4562 % change on previous year | 3.09 % change on previous year |
| 2021 | +455.7% | -6.12 % change on previous year | 21.75 % change on previous year |
| 2004 | +435.8% | 2.67 % change on previous year | 14.29 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.45 % change on previous year | 6.99 % change on previous year | 25.21 % change on previous year | 9 |
| 1980s | 11.47 % change on previous year | -2.08 % change on previous year | 22.37 % change on previous year | 10 |
| 1990s | 9.24 % change on previous year | -3.49 % change on previous year | 15.31 % change on previous year | 10 |
| 2000s | 6.98 % change on previous year | -2.87 % change on previous year | 15.47 % change on previous year | 10 |
| 2010s | 6.22 % change on previous year | 0.8776 % change on previous year | 15.79 % change on previous year | 10 |
| 2020s | 7.95 % change on previous year | -6.12 % change on previous year | 21.75 % change on previous year | 5 |
Countries ranked near Singapore
- 93 Saint Vincent and the Grenadines 7.92 % change on previous year compare
- 94 Chad 7.91 % change on previous year compare
- 95 Hungary 7.87 % change on previous year compare
- 97 Central African Republic 7.63 % change on previous year compare
- 98 Colombia 7.62 % change on previous year compare
- 99 Uruguay 7.52 % change on previous year compare
More population data for Singapore
- Population regions with projections, annual growth rate -0.9668 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -100 % change on previous year (2028)
- Population long run with projections, annual growth rate -0.9668 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.0914 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 6,337 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.4648 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.5703 % change on previous year (2100)
- World population growth -0.9% (2100)
- Population density 5,798 people per km² (2100)
- Number of children under 5, by world region 140,350 people (2100)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Singapore?
- Gdp (current lcu), annual growth rate in Singapore was 7.77 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Singapore?
- The highest recorded value was 25.21 % change on previous year in 1973.
- What is the lowest gdp (current lcu), annual growth rate recorded in Singapore?
- The lowest recorded value was -6.12 % change on previous year in 2020.
- How does Singapore rank for gdp (current lcu), annual growth rate?
- Singapore ranks 96th out of 211 countries with data for 2024.
- Is gdp (current lcu), annual growth rate rising or falling in Singapore?
- Over the last ten years it is up 112.5%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.