Browse a full set of economic indicators


Includes Singapore real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Economic indicators and data sets offering a full view of Singapore’s economy, international trade and finance sector. With links to rankings of the country’s best and safest banks. Updated October 2023

Small State, Big Economy

One of the world’s wealthiest nations, Singapore’s prosperity is bolstered by an open and competitive trade regime, robust financial and corporate sectors, and a business-friendly legal and tax framework. Dominated by services, Singapore is also a major manufacturer of electronics, machinery, pharmaceuticals, and chemicals and petrochemicals. With one of the world’s largest ports and nearly all sectors of the economy fully open to foreign ownership, Singapore is a regional hub for thousands of multinational companies. Weaknesses include a high dependence on imports for energy and consumer goods in particular, a heavy reliance on foreign workers, and vulnerability to slowdowns in the Chinese economy.

Singapore GDP & Economic Overview

Macroeconomy & Sovereign Data

Total Area 697 sq km
Type of Government Parliamentary Republic
Capital Singapore
Total Population 5.7 million
Median Age 42.8
Total GDP USD 515 billion
Adult Per Capita Income (PPP) USD 110,000

Singapore: Banking & Finance


Central Bank Monetary Authority of Singapore (MAS)
Currency Singapore dollar (SGD)
Sovereign Ratings Fitch AAA
Moody’s Aaa
International Reserves USD 337 billion

Click here to find out the best banks in Singapore—and across Asia.

Chia Der Jiun, Monetary Authority of Singapore (MAS)

Central Bank Leadership

Chia Der Jiun took the helm at the Monetary Authority of Singapore from long-serving Ravi Menon. The new governor has long experience in both the MAS and Singapore’s finance sector.

Read our take on the strengths and challenges he inherits in our 2023 Central Banker Report Cards – Asia-Pacific.

Singapore GDP Carries Debt Load

<<< The chart at left shows that Singapore, like many advanced economies, is carrying among the world’s higher debt-to-GDP ratios.

ESG Spurs Fresh Investment

Sustainable finance is front of mind for CFOs across Asia, where rising waters make the climate threat ever more real.

Click here for winners of our Sustainable Finance Awards – Asia-Pacific.

Singapore: Business, Trade & Investment

International Trade

Total Exports USD 444 billion

Leading Exports Integrated circuits, Refined petroleum, Gold, Packaged medicines, Appliances
Major Trade Partners – Export China, Hong Kong, Malaysia, United States, Indonesia
Total Imports USD 328 billion
Leading Imports Integrated circuits, Refined petroleum
Crude petroleum, Gold, Gas turbines
Major Trade Partners – Import China, Malaysia, Other Asia, unspecified
United States, South Korea

Singapore's Leading Companies

Finance Oversea-Chinese Banking Corp (OCBC),
DBS Group
Agribusiness Wilmar International
Olam Group
Telecom SingTel
Transportation Singapore Airlines

Global Finance Rankings & Awards: Singapore

Global Finance awards recognize excellence in finance, naming the world's best in a range of categories including Investment Banking, Trade & Supply Chain Finance, Treasury & Cash Management, Innovation, Sustainable Finance and more.

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000