Singapore: Share of industry

* indicates monthly or quarterly data series
 Singapore

Value added by industry as percent of GDP

 Latest value 22.40
 Year 2023
 Measure percent
 Data availability 1960 - 2023
 Average 28.20
 Min - Max 16.36 - 35.16
 Source The World Bank
The latest value from 2023 is 22.4 percent, a decline from 23.75 percent in 2022. In comparison, the world average is 26.05 percent, based on data from 152 countries. Historically, the average for Singapore from 1960 to 2023 is 28.2 percent. The minimum value, 16.36 percent, was reached in 1960 while the maximum of 35.16 percent was recorded in 1984. 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 data
Singapore - Share of industry - Recent values chart

Historical series
Singapore - Share of industry - historical chart - 1960-2023




The importance of industry in the economy of Singapore and other countries is measured as the value added of the industrial sector as percent of GDP. Industry includes mining, manufacturing, construction, electricity, water, and gas.
Definition: Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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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
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