Singapore 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$521.20 billion
↑ 3.94% vs 2023GDP per Capita
$88,076.19
↑ 3.94% vs 2023GDP Growth (Annual %)
3.94%
↑ 2.87pp vs 2023Inflation Rate (CPI %)
2.37%
↓ 2.46pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $501.43 billion | $521.20 billion | +3.94% |
| GDP per Capita | $84,734.26 | $88,076.19 | +3.94% |
| GDP Growth (Annual %) | 1.08% | 3.94% | +2.87pp |
| Inflation (CPI %) | 4.82% | 2.37% | -2.46pp |
| Unemployment Rate (%) | 3.44% | 3.18% | -0.26pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $521.20 billion
- GDP per Capita
- $88,076.19
- GDP Growth (Annual %)
- 3.94%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 2.37%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 3.18%
- 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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Singapore's Gross Domestic Product (GDP) is $521.20 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Singapore for 2024 is $88,076.19. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Singapore for 2024 is 2.37%. This measures the annual percentage change in the cost of consumer goods and services.
Singapore's annual GDP growth rate for 2024 is 3.94%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Singapore for 2024 is 3.18%. This represents the percentage of the labor force that is unemployed and actively seeking employment.