Singapore: Savings, percent of GDP
* indicates monthly or quarterly data series
| Singapore |
Savings as percent of GDP |
|---|---|
| Latest value | 40.87 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1972 - 2023 |
| Average | 41.75 |
| Min - Max | 25.36 - 52.30 |
| Source | The World Bank |
The latest value from 2023 is 40.87 percent, a decline from 41.75 percent in 2022. In comparison, the world average is 23.44 percent, based on data from 96 countries. Historically, the average for Singapore from 1972 to 2023 is 41.75 percent. The minimum value, 25.36 percent, was reached in 1973 while the maximum of 52.3 percent was recorded in 1997.
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* indicates monthly or quarterly data series
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The savings in Singapore and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 22.40 | 2023 | percent |
| Share of manufacturing | 17.65 | 2023 | percent |
| Share of services | 72.45 | 2023 | percent |
| Industry value added | 112.32 | 2023 | billion U.S. dollars |
| Manufacturing value added | 88.50 | 2023 | billion U.S. dollars |
| Services value added | 363.27 | 2023 | billion U.S. dollars |
| Savings, percent of GDP | 40.87 | 2023 | percent |
| Savings, in dollars | 204.92 | 2023 | billion U.S. dollars |