Singapore

1980

2026

2030

Singapore

1980

2026

2030

Singapore Economic Statistics (2026)

What to know

GDP per capita (PPP) in 2026: $161,546—among the wealthiest nations.

The economy has grown at an average rate of 4.0% over the past 5 years.

The government runs a fiscal surplus, providing room for future investment or debt reduction.

Key statistics for 2026

GDP per capita (PPP)

$161,546

GDP growth

+1.8%

Inflation rate

1.3%

Unemployment

2.1%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Output & Growth

How large is the economy?

Total economic output and annual growth rate

Total GDP is $606 billion, with slow growth of 1.8% in 2026.

Living Standards

How high is the standard of living?

Average economic output per person

GDP per capita is $99,042 in nominal terms, but $161,546 when adjusted for local purchasing power—indicating lower prices than in the US.

Prices & Employment

What are inflation and unemployment rates?

Consumer price inflation and labor market conditions

The economy is experiencing low inflation at 1.3% and near full employment at 2.1%.

Government Finances

How high is government debt?

Government debt, revenue, and expenditure as percentage of GDP

Government debt is very high at 176% of GDP. The government collects more than it spends (revenue: 20.0%, expenditure: 17.3% of GDP).

External & Fiscal Balance

Why does the country run large surpluses?

Fiscal balance and current account as percentage of GDP

The country is running a fiscal surplus of 2.7% and a current account surplus of 17.3% of GDP.

The bottom line

Singapore is one of the world's wealthiest economies, with GDP per capita (PPP) of $162k. The economy has been growing rapidly, averaging 4.0% annually. Government debt exceeds GDP at 176%.