Singapore Services Value Added (% of GDP) (2024)
Singapore's Services Value Added (% of GDP): 73 % of GDP in 2024, +0.3pp YoY. World Bank (NV.SRV.TOTL.ZS), 1990–2024.
Singapore (2024)
73
% of GDP
+0.3pp YoY
YoY Change
+0.3pp
percentage points
Trend
up
Series length
35
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 73 | +0.3pp |
| 2023 | 72.7 | +1.1pp |
| 2022 | 71.6 | +1.4pp |
| 2021 | 70.2 | -1.9pp |
| 2020 | 72.1 | +1.3pp |
| 2019 | 70.8 | +1.4pp |
| 2018 | 69.4 | -1pp |
| 2017 | 70.4 | -0.4pp |
| 2016 | 70.8 | +0.8pp |
| 2015 | 70 | -0.4pp |
| 2014 | 70.4 | -0.4pp |
| 2013 | 70.8 | +1.6pp |
| 2012 | 69.2 | +0.2pp |
| 2011 | 69 | +1.2pp |
| 2010 | 67.8 | -0.2pp |
| 2009 | 68 | -0.3pp |
| 2008 | 68.4 | +2.3pp |
| 2007 | 66 | +1.2pp |
| 2006 | 64.9 | +0.8pp |
| 2005 | 64.1 | n/a |
About this Dataset
Singapore recorded 73.0 % of GDP in 2024. The most recent year-on-year change was +0.3pp. The historical series (1990–2024) shows a peak of 73.0 in 2024 and a trough of 60.7 in 2000.
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 services value added (% 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 73.0 % of GDP in 2024 and reached its lowest recorded value of 60.7 in 2000. The latest reading of 73.0 in 2024 represents a year-on-year change of +0.3pp.