Browse a full set of economic indicators


Includes historical data for Singapore’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

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The World’s Wealthiest City-State

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

Type of Government Parliamentary republic
Capital Singapore
Sovereign Ratings S&P: AAA
Moody’s: Aaa
Fitch: AAA
Total Population 5.7 million
Median Age 42.8
Adult Per Capita Income (PPP) 109,581.84
Total GDP (2023) 521 billion

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Banking & Finance

Trade & Investment

Total Exports USD 442.8 billion (2022)
Leading Exports Integrated Circuits
Refined Petroleum
Crude Petroleum
Gas Turbines
Total Imports USD 327.2 billion (2022)
Leading Imports Integrated Circuits
Refined Petroleum
Packaged Medicines
Photo Lab Equipment       

Source: World Integrated Trade Solution

Singapore Leading Companies

UOB Financials
Oversea-Chinese Banking Corp (OCBC) Financials
DBS Group Financials
Wilmar International Consumer Staples, Agricultural Products
Olam Group Consumer Staples, Agricultural Products & Processing
SingTel Telecommunication Services
Singapore Airlines Transportation, Airlines

Major Trade Partners — Import

China 13.4%
Malaysia 13.2%
Other Asia 12.6%
United States 10.0%
South Korea 5.5%

Major Trade Partners — Export

China 14.8%
Hong Kong 13.2%
Malaysia 9.2%
United States 8.6%
Indonesia 6.3%

In Partnership With

UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to help businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.

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