Singapore: Savings, percent of GDP

* indicates monthly or quarterly data series
 Singapore

Savings as percent of GDP

 Latest value 43.22
 Year 2022
 Measure percent
 Data availability 1972 - 2022
 Average 41.77
 Min - Max 25.36 - 52.30
 Source The World Bank
For that indicator, we provide data for Singapore from 1972 to 2022. The average value for Singapore during that period was 41.77 percent with a minimum of 25.36 percent in 1973 and a maximum of 52.3 percent in 1997. The latest value from 2022 is 43.22 percent. For comparison, the world average in 2022 based on 123 countries is 24.61 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Singapore - Savings, percent of GDP - Recent values chart

Historical chart
Singapore - Savings, percent of GDP - historical chart - 1972-2022




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 value Reference Measure
 Share of industry 24.16 2022 percent
 Share of manufacturing 20.50 2022 percent
 Share of services 70.85 2022 percent
 Industry value added 112.76 2022 billion U.S. dollars
 Manufacturing value added 95.70 2022 billion U.S. dollars
 Services value added 330.74 2022 billion U.S. dollars
 Savings, percent of GDP 43.22 2022 percent
 Savings, in dollars 201.76 2022 billion U.S. dollars
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