Singapore Gross Savings Rate (% of GDP) (2024)
Singapore's Gross Savings Rate (% of GDP): 40.1 % of GDP in 2024, +1.5pp YoY. World Bank (NY.GNS.ICTR.ZS), 1990–2024.
Singapore (2024)
40.1
% of GDP
+1.5pp YoY
YoY Change
+1.5pp
percentage points
Trend
up
Series length
35
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 40.1 | +1.5pp |
| 2023 | 38.6 | -2.6pp |
| 2022 | 41.2 | -2.9pp |
| 2021 | 44.2 | +2.5pp |
| 2020 | 41.6 | +1.5pp |
| 2019 | 40.1 | -1.3pp |
| 2018 | 41.4 | -5.1pp |
| 2017 | 46.5 | +1.5pp |
| 2016 | 45 | +1pp |
| 2015 | 44 | -3.2pp |
| 2014 | 47.3 | +1.8pp |
| 2013 | 45.5 | -1.7pp |
| 2012 | 47.3 | -1.6pp |
| 2011 | 48.8 | -1.8pp |
| 2010 | 50.6 | +6.7pp |
| 2009 | 43.9 | -0.5pp |
| 2008 | 44.4 | -5.6pp |
| 2007 | 50 | +1.8pp |
| 2006 | 48.2 | +4.5pp |
| 2005 | 43.6 | n/a |
About this Dataset
Singapore recorded 40.1 % of GDP in 2024. The most recent year-on-year change was +1.5pp. The historical series (1990–2024) shows a peak of 52.3 in 1997 and a trough of 38.4 in 2002.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks singapore gross savings rate (% of gdp) in Singapore, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 52.3 % of GDP in 1997 and reached its lowest recorded value of 38.4 in 2002. The latest reading of 40.1 in 2024 represents a year-on-year change of +1.5pp.