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

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.

Gain a broader perspective by reviewing Singapore’s net lending/borrowing as a percentage of GDP, Singapore’s manufacturing sector share in GDP, Singapore’s population count.