Singapore: Share of manufacturing

* indicates monthly or quarterly data series

Value added by the manufacturing sector as percent of GDP

 Latest value 20.50
 Year 2022
 Measure percent
 Data availability 1960 - 2022
 Average 20.81
 Min - Max 10.30 - 27.12
 Source The World Bank
For that indicator, we provide data for Singapore from 1960 to 2022. The average value for Singapore during that period was 20.81 percent with a minimum of 10.3 percent in 1961 and a maximum of 27.12 percent in 2004. The latest value from 2022 is 20.5 percent. For comparison, the world average in 2022 based on 150 countries is 12.87 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 - Share of manufacturing - Recent values chart

Historical chart
Singapore - Share of manufacturing - historical chart - 1960-2022

The importance of manufacturing in the economy of Singapore and other countries is measured as the value added of manufacturing as percent of GDP. Manufacturing is part of the industrial sector of the economy.
Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. 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 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.

 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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