Singapore 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$501.43 billion
↑ 0.59% vs 2022GDP per Capita
$84,734.26
↓ 4.18% vs 2022GDP Growth (Annual %)
1.08%
↓ 2.76pp vs 2022Inflation Rate (CPI %)
4.82%
↓ 1.30pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $498.47 billion | $501.43 billion | +0.59% |
| GDP per Capita | $88,428.70 | $84,734.26 | -4.18% |
| GDP Growth (Annual %) | 3.84% | 1.08% | -2.76pp |
| Inflation (CPI %) | 6.12% | 4.82% | -1.30pp |
| Unemployment Rate (%) | 3.59% | 3.44% | -0.15pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $501.43 billion
- GDP per Capita
- $84,734.26
- GDP Growth (Annual %)
- 1.08%
- Gross National Income
- $420.68 billion
Prices & Employment
- Inflation (CPI %)
- 4.82%
- Inflation (GDP Deflator %)
- -3.07%
- Unemployment Rate (%)
- 3.44%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 17.83%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Singapore's Gross Domestic Product (GDP) is $501.43 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Singapore for 2023 is $84,734.26. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Singapore for 2023 is 4.82%. This measures the annual percentage change in the cost of consumer goods and services.
Singapore's annual GDP growth rate for 2023 is 1.08%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Singapore for 2023 is 3.44%. This represents the percentage of the labor force that is unemployed and actively seeking employment.