Singapore: Industry value added

* indicates monthly or quarterly data series
 Singapore

Industry value added, billion USD

 Latest value 112.32
 Year 2023
 Measure billion U.S. dollars
 Data availability 1960 - 2023
 Average 29.61
 Min - Max 0.12 - 118.37
 Source The World Bank
The latest value from 2023 is 112.32 billion U.S. dollars, a decline from 118.37 billion U.S. dollars in 2022. In comparison, the world average is 132.74 billion U.S. dollars, based on data from 152 countries. Historically, the average for Singapore from 1960 to 2023 is 29.61 billion U.S. dollars. The minimum value, 0.12 billion U.S. dollars, was reached in 1960 while the maximum of 118.37 billion U.S. dollars was recorded in 2022. 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 - Industry value added - Recent values chart

Historical series
Singapore - Industry value added - historical chart - 1960-2023




Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). 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 3. Data are in current U.S. dollars.

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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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