Real GDP Growth in 2017 3.6 %
GDP estimates are compiled by the output, expenditure and income approaches. The output approach is the main approach used to compile GDP in Singapore.
Find out about Industry Breakdown for Output-Based GDP here.
Close to 70% of nominal value added was generated by the services industries,
Good Producing Industries
Services Produc ing Industries
Manufacturing19.2%
Construction4.3%
Utilities1.3%
Wholesale & Retail Trade17.6%
Transportation& Storage
7.2%
Accomodation &Food Services
2.1%
Information & Communications
4.2%
Finance & Insurance
13.3%
BusinessServices
14.8%
Other ServicesIndustries
12.0%
Ownership ofDwellings
3.9%
Nominal GDP
2017
S$ 447,284 MilGDP 2017 at Current
Market Prices
SINGAPORE ECONOMY
while about 25% was generatedby the goods producing industries.
1. Enterprises comprise
2. SMEs (i.e. Small & Medium Enterprises) are defined as enterprises with operating receipts not more than $100 Mil or employment not more than 200 workers for all sectors.
3. Majority Local-owned enterprises refer to enterprises with at least 50% local equity.
4. Employment of enterprises refers to total employment excluding foreign domestic workers.
5. Value-added of enterprises refers to Gross Value Added (GVA) less ownership of dwellings.
TOTALS$402.7 Bil
TOTAL3.4 Mil
TOTAL220,100
NOMINAL VALUE ADEDEMPLOYMENTENTERPRISE COUNT
Non-SMEs
1%
SMEs
99%
EnterpriseSize
ForeignEnterprises
15%
LocalEnterprises
85%
EnterpriseOwnership
Non-SMEs
35%
SMEs
65%
EnterpriseSize
ForeignEnterprises
32%
LocalEnterprises
68%
EnterpriseOwnership
Non-SMEs
51%
SMEs
49%
EnterpriseSize
ForeignEnterprises
57%
LocalEnterprises
43%
EnterpriseOwnership
Number, Employment and Value Addedof Enterprises in 2017
NETHERLANDS
CAYMANISLANDS
BRITISH VIRGINISLANDS
JAPAN
UNITED STATES
Stock of Foreign Direct Investment inSingapore in 2016
AUSTRALIA
INDONESIA
HONG KONG
LUXEMBOURG
CHINA
Stock of Singapore’s Direct InvestmentAbroad in 2016 Total
S$783.5 Bil
TotalS$1,359.5 Bil
S$123.9 Bil
S$65.2 Bil
S$53.7 Bil
S$52.9 Bil
S$45.3 Bil
S$279.6 Bil
S$118.7 Bil
S$106.5
Bil
S$102.1
Bil
S$94.0 Bil
business entities, non-profit organisations, ministries and statutory boards.
For more information, please refer to the Themes PageDownload
2,712 Restaurants
477Fast Food Outlets
16.4 Mil International Visitor Arrivals
S$24.6 Bil Tourism Receipts
8.4 Mil Mobile Phone Subscription
3.1 Mil MRT Weekday Passengers
124Banks Operating
in Singapore
7.8 Mil Main Credit Cards
1.4 Mil Supplementary Credit Cards
2.3 MilRes ident La bour
Force
Res ident LFPR68.0%
Avera ge Week lyHours Work ed
45.5 HrsUS$1 S$1.34
€1 S$1.60
£1 S$1.80
¥100 S$1.19
LFPR = Labour Force Participation Rate
Do You Know? In 2016…
AUSTRALIA
S$22.1 Bil4 AUSTRALIA
S$21.3 Bil5
HONG KONG S$16.9 Bil5
CHINA
S$24.0 Bil3
UNITED STATES S$67.1 Bil2
EU 28 S$75.0 Bil1Total Services Trade
S$463.3 Bil
S$227.4 Bil
S$235.9 Bil
S$ Top 6 Trading Partners for Services Trade in 2016
TOP 6 TRADING PARTNERS
S$137.1 Bil S$108.2 Bil S$98.4 Bil S$79.9 Bil S$69.6 Bil S$60.4 Bil
CHINA MALAYSIA EU 28 UNITED STATES TAIWANHONG KONG
Total MerchandiseTrade in 2017
Tota l Im portsS$452.1 Bil
Tota l E xportsS$515.0 Bil
S$967.1 Bil
JAPAN
- 2017
- 2017
2017
Total Services Imports
Total Services Exports
https://www.singstat.gov.sg/�nd-data/search-by-theme
Refers to 2017 Data