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Singapore Gross Domestic Product (GDP) by Year (1961–2023)

Singapore Gross Domestic Product (GDP) by Year (1961–2023)

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TGM StatBox. (2024). Singapore Gross Domestic Product (GDP) by Year (1961–2023). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1960-2023
Country: Singapore
Published date: 2024
Note: The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
Singapore’s GDP reflects its transformation from a small port city to a global financial and technology hub. GDP rose from $764.6 million in 1961 to $96 billion in 2000, fueled by export-oriented industrialization and financial sector development. Despite the 1997 Asian Financial Crisis, the economy quickly rebounded, with GDP hitting $193.6 billion in 2008.

Singapore weathered the 2020 COVID-19 pandemic with resilience, recovering to $501.4 billion in 2023. Strategic investments in fintech, biotechnology, and green technologies have cemented its position as a global economic leader.

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