Services, value added in Singapore
Singapore: Services, value added was 297.58 billion constant 2015 US$ in 2025. ◆ Volatile
Services, value added in Singapore, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Singapore recorded 297.58 billion constant 2015 US$ for services, value added in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 4.2% on the previous year and up 38.1% over ten years.
Over the whole period, services, value added in Singapore peaked at 297.58 billion constant 2015 US$ in 2025 and was at its lowest, 3.86 billion constant 2015 US$, in 1960.
Singapore ranks 28th of 195 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.31 billion constant 2015 US$ | 3.86 billion constant 2015 US$ | 7.72 billion constant 2015 US$ | 10 |
| 1970s | 13.24 billion constant 2015 US$ | 8.61 billion constant 2015 US$ | 18.15 billion constant 2015 US$ | 10 |
| 1980s | 29.43 billion constant 2015 US$ | 20.04 billion constant 2015 US$ | 41.64 billion constant 2015 US$ | 10 |
| 1990s | 66.31 billion constant 2015 US$ | 46.01 billion constant 2015 US$ | 83.79 billion constant 2015 US$ | 10 |
| 2000s | 118.66 billion constant 2015 US$ | 90.49 billion constant 2015 US$ | 148.57 billion constant 2015 US$ | 10 |
| 2010s | 208.09 billion constant 2015 US$ | 165.32 billion constant 2015 US$ | 241.85 billion constant 2015 US$ | 10 |
| 2020s | 266.75 billion constant 2015 US$ | 232.45 billion constant 2015 US$ | 297.58 billion constant 2015 US$ | 6 |
Countries ranked near Singapore
- 25 Hong Kong 314.28 billion constant 2015 US$ compare
- 26 Philippines 301.54 billion constant 2015 US$ compare
- 27 Ireland 301.39 billion constant 2015 US$ compare
- 29 Israel 290.63 billion constant 2015 US$ compare
- 30 Thailand 289.72 billion constant 2015 US$ compare
- 31 Norway 278.51 billion constant 2015 US$ compare
More economy & growth data for Singapore
- DEC alternative conversion factor 1.31 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -14.11 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -10.79 billion current US$ (2025)
- Taxes less subsidies on products 45.11 billion current LCU (2025)
- Taxes less subsidies on products 34.50 billion current US$ (2025)
- Net primary income (Net income from abroad) -133.40 billion current LCU (2025)
- Net primary income (Net income from abroad) -102.03 billion current US$ (2025)
- GNI per capita 107,365 current LCU (2025)
- GNI per capita, Atlas method 81,760 current US$ (2025)
- GNI 656.13 billion current LCU (2025)
Frequently asked questions
- What is services, value added in Singapore?
- Services, value added in Singapore was 297.58 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Singapore?
- The highest recorded value was 297.58 billion constant 2015 US$ in 2025.
- What is the lowest services, value added recorded in Singapore?
- The lowest recorded value was 3.86 billion constant 2015 US$ in 1960.
- How does Singapore rank for services, value added?
- Singapore ranks 28th out of 195 countries with data for 2025.
- Is services, value added rising or falling in Singapore?
- Over the last ten years it is up 38.1%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defense, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.