GDP Growth Rate
Year -
1.08%
In 2023, Singapore experienced a significant a decrease in its GDP growth rate, which fall to 1.08% from 3.84% in 2022. Additionally, the GDP per capita growth rate in Singapore decrease to -3.72% in 2023, compared to 0.46% in 2022.
In 2023, Singapore experienced a decrease in economic performance, with the GDP growth rate falling by 2.76%. Additionally, the GDP per capita growth rate decrease by 4.18%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 8.14% | 8.14% | 4.58% | 4.58% |
| 1962 | 7.55% | -0.59% | 4.62% | 0.04% |
| 1963 | 10.04% | 2.49% | 7.29% | 2.67% |
| 1964 | -3.1% | -13.14% | -5.56% | -12.85% |
| 1965 | 7.83% | 10.93% | 5.25% | 10.81% |
| 1966 | 10.18% | 2.35% | 7.47% | 2.22% |
| 1967 | 12.51% | 2.33% | 10.05% | 2.58% |
| 1968 | 13.53% | 1.02% | 11.59% | 1.54% |
| 1969 | 13.83% | 0.30% | 12.13% | 0.54% |
| 1970 | 13.94% | 0.11% | 12.18% | 0.05% |
| 1971 | 12.41% | -1.53% | 10.37% | -1.81% |
| 1972 | 13.32% | 0.91% | 11.24% | 0.87% |
| 1973 | 10.6% | -2.72% | 8.56% | -2.68% |
| 1974 | 6.12% | -4.48% | 4.37% | -4.19% |
| 1975 | 3.99% | -2.13% | 2.48% | -1.89% |
| 1976 | 7.44% | 3.45% | 6% | 3.52% |
| 1977 | 6.85% | -0.59% | 5.38% | -0.62% |
| 1978 | 7.78% | 0.93% | 6.48% | 1.10% |
| 1979 | 9.55% | 1.77% | 8.18% | 1.70% |
| 1980 | 10.11% | 0.56% | 8.72% | 0.54% |
| 1981 | 10.82% | 0.71% | 5.61% | -3.11% |
| 1982 | 7.1% | -3.72% | 2.5% | -3.11% |
| 1983 | 8.55% | 1.45% | 7.15% | 4.65% |
| 1984 | 8.79% | 0.24% | 6.76% | -0.39% |
| 1985 | -0.62% | -9.41% | -0.76% | -7.52% |
| 1986 | 1.34% | 1.96% | 1.44% | 2.20% |
| 1987 | 10.8% | 9.46% | 9.14% | 7.70% |
| 1988 | 11.26% | 0.46% | 8.48% | -0.66% |
| 1989 | 10.16% | -1.10% | 6.97% | -1.51% |
| 1990 | 9.82% | -0.34% | 5.63% | -1.34% |
| 1991 | 6.69% | -3.13% | 3.7% | -1.93% |
| 1992 | 6.64% | -0.05% | 3.48% | -0.22% |
| 1993 | 11.46% | 4.82% | 8.68% | 5.20% |
| 1994 | 11.1% | -0.36% | 7.67% | -1.01% |
| 1995 | 7.18% | -3.92% | 3.97% | -3.70% |
| 1996 | 7.47% | 0.29% | 3.19% | -0.78% |
| 1997 | 8.32% | 0.85% | 4.74% | 1.55% |
| 1998 | -2.19% | -10.51% | -5.46% | -10.20% |
| 1999 | 5.72% | 7.91% | 4.88% | 10.34% |
| 2000 | 9.04% | 3.32% | 7.17% | 2.29% |
| 2001 | -1.07% | -10.11% | -3.7% | -10.87% |
| 2002 | 3.92% | 4.99% | 2.98% | 6.68% |
| 2003 | 4.55% | 0.63% | 6.1% | 3.12% |
| 2004 | 9.94% | 5.39% | 8.57% | 2.47% |
| 2005 | 7.37% | -2.57% | 4.87% | -3.70% |
| 2006 | 9.01% | 1.64% | 5.65% | 0.78% |
| 2007 | 9.02% | 0.01% | 4.57% | -1.08% |
| 2008 | 1.86% | -7.16% | -3.42% | -7.99% |
| 2009 | 0.13% | -1.73% | -2.85% | 0.57% |
| 2010 | 14.52% | 14.39% | 12.51% | 15.36% |
| 2011 | 6.21% | -8.31% | 4.02% | -8.49% |
| 2012 | 4.44% | -1.77% | 1.9% | -2.12% |
| 2013 | 4.82% | 0.38% | 3.13% | 1.23% |
| 2014 | 3.94% | -0.88% | 2.59% | -0.54% |
| 2015 | 2.98% | -0.96% | 1.76% | -0.83% |
| 2016 | 3.59% | 0.61% | 2.25% | 0.49% |
| 2017 | 4.51% | 0.92% | 4.42% | 2.17% |
| 2018 | 3.52% | -0.99% | 3.03% | -1.39% |
| 2019 | 1.35% | -2.17% | 0.19% | -2.84% |
| 2020 | -3.87% | -5.22% | -3.57% | -3.76% |
| 2021 | 9.69% | 13.56% | 14.36% | 17.93% |
| 2022 | 3.84% | -5.85% | 0.46% | -13.90% |
| 2023 | 1.08% | -2.76% | -3.72% | -4.18% |