Manufacturing Sector Contribution to GDP in Singapore (1990-2022)

Manufacturing Sector Contribution to GDP in Singapore (1990-2022)

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TGM StatBox. (2024). Manufacturing Sector Contribution to GDP in Singapore (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Singapore
Published date: 2024
Note: Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
Singapore’s manufacturing sector has remained a critical part of its economy, holding steady around 20% of GDP since 2018, ending at 20.5% in 2022. Although the share dropped from a peak of 27.1% in the early 2000s, recent growth reflects strong demand for electronics and biomedical manufacturing. Singapore’s commitment to innovation and technology-driven manufacturing has sustained its global competitiveness despite the shift towards services.

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