Services share of GDP — all countries

Services share of GDP — Singapore

Services share of GDP in Singapore in 2025 — 71.6%. Ranked 11 in the world out of 158. Since 1960, the indicator has fallen by 2.9 pp.

2025 71.6% −1.6 pp vs 2024
World rank 11of 158
Period maximum 74.6%1961
Period minimum 59.9%1980

Trend over time

1960–2025 · % of GDP

Services share of GDP — Singapore, 1960–2025556065707519601967197419811988199520022009201620231960: 74.5%1962: 73.9%1964: 70.5%1966: 68.9%1968: 68.1%1970: 65%1972: 62.2%1974: 63.1%1976: 62.4%1978: 63.2%1980: 59.9%1982: 61.8%1984: 60%1986: 62.6%1988: 61.5%1990: 64.2%1992: 62.5%1994: 61.8%1996: 62.1%1998: 62.7%2000: 60.7%2002: 64%2004: 63.1%2006: 64.9%2008: 68.3%2010: 67.8%2012: 69.2%2014: 70.3%2016: 70.9%2018: 69.5%2020: 72.2%2022: 71.6%2024: 73.1%2025: 71.6%
Change over the period: −2.9 pp Annual average: -0.04 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Singapore

Singapore 71.6%
World computed 59.9%
South-Eastern Asia computed 53.2%
Services share of GDP — Singapore, by year Singapore All countries CSV XLSX
Year % Change, pp
2025 71.6 −1.6 pp
2024 73.1 +0.4 pp
2023 72.8 +1.1 pp
2022 71.6 +1.4 pp
2021 70.3 −1.9 pp
2020 72.2 +1.2 pp
2019 70.9 +1.4 pp
2018 69.5 −1 pp
2017 70.5 −0.4 pp
2016 70.9 +0.9 pp
2015 70 −0.4 pp
2014 70.3 −0.4 pp
2013 70.8 +1.6 pp
2012 69.2 +0.2 pp
2011 69 +1.2 pp
2010 67.8 −0.2 pp
2009 68 −0.3 pp
2008 68.3 +2.3 pp
2007 66 +1.2 pp
2006 64.9 +0.8 pp
2005 64.1 +1 pp
2004 63.1 −1.3 pp
2003 64.3 +0.4 pp
2002 64 +0.4 pp
2001 63.6 +2.9 pp
2000 60.7 −2.4 pp
1999 63.1 +0.3 pp
1998 62.7 +0.1 pp
1997 62.6 +0.6 pp
1996 62.1 +0.5 pp
1995 61.6 −0.2 pp
1994 61.8 −0.2 pp
1993 62 −0.5 pp
1992 62.5 −0.4 pp
1991 62.8 −1.4 pp
1990 64.2 +1.8 pp
1989 62.3 +0.8 pp
1988 61.5 −1.3 pp
1987 62.9 +0.2 pp
1986 62.6 −0.5 pp
1985 63.1 +3.1 pp
1984 60 −0.7 pp
1983 60.7 −1.1 pp
1982 61.8 +1.3 pp
1981 60.5 +0.6 pp
1980 59.9 −1.6 pp
1979 61.5 −1.7 pp
1978 63.2 +0.6 pp
1977 62.5 +0.1 pp
1976 62.4 −0.7 pp
1975 63.1 −0 pp
1974 63.1 +0.5 pp
1973 62.6 +0.5 pp
1972 62.2 −2 pp
1971 64.1 −0.9 pp
1970 65 −2.3 pp
1969 67.3 −0.8 pp
1968 68.1 −0.9 pp
1967 69 +0.1 pp
1966 68.9 −0.3 pp
1965 69.2 −1.3 pp
1964 70.5 −2.9 pp
1963 73.4 −0.4 pp
1962 73.9 −0.7 pp
1961 74.6 +0 pp
1960 74.5

About the indicator

The share of value added by the service sector in GDP: wholesale and retail trade, transport, communications, finance, real estate, business and government services, education and health care. In most high-income countries it exceeds 70%; in small island states and tourism economies it reaches 80–90%.

Source: World Development Indicators (World Bank), license CC BY 4.0.