Singapore: Discrepancy in expenditure estimate of GDP (constant LCU)

Key figures

What the numbers say

In 2025, Singapore's discrepancy in expenditure estimate of GDP (constant LCU) rose 6.28 billion on 2024 (from -2.66 billion to 3.62 billion).

Across the 9 yearly changes before that (2016 to 2024), the average change was −295.01 million and a typical year strayed about 4.14 billion from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 6.37 billion in 2023 and the biggest yearly fall was 5.44 billion in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 27% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Singapore had the 21st highest value of the 94 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Singapore in the 2025 ranking

• Guatemala — 17th of 94: 8.66 billion
• North Macedonia — 18th of 94: 5.24 billion
• Nicaragua — 19th of 94: 4.66 billion
• Cabo Verde — 21st of 94: 2.09 billion
• Moldova — 22nd of 94: 1.98 billion
• Comoros — 23rd of 94: 1.89 billion

What this measures

Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in constant prices, meaning the underlying series have been adjusted to account for price changes over time. The reference year for this adjustment varies by country.

All 11 values

Discrepancy in expenditure estimate of GDP (constant LCU) in nearby economies

• Brunei Darussalam — -423.19 million (2025)
• Cambodia — 1.42 trillion (2025)
• Indonesia — 234.87 trillion (2025)
• Japan — 0 (2025)
• Malaysia — -1,000 (2025)
• Marshall Islands — 2.18 million (2024)
• Mongolia — 156.28 billion (2025)
• New Zealand — -2.07 billion (2025)
• Samoa — 85.38 million (2025)

More economic policy & debt data for Singapore

• Total reserves, including gold (current US$) — US$432.11 billion (2025)
• Total reserves, excluding gold (current US$) — US$404.93 billion (2025)
• General government final consumption expenditure (current US$) — US$61.91 billion (2025)
• General government final consumption expenditure (current LCU) — 80.94 billion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$45.72 billion (2025)
• General government final consumption expenditure (constant LCU) — 62.86 billion (2025)
• General government final consumption expenditure (% of GDP) — 10.25% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$187.74 billion (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Singapore's discrepancy in expenditure estimate of GDP (constant LCU)?

3.62 billion in 2025, according to the World Bank (World Development Indicators).

How does Singapore rank?

21st highest of 94 economies with data for 2025.

Is the latest change in discrepancy in expenditure estimate of GDP (constant LCU) unusual for Singapore?

In 2025, Singapore's discrepancy in expenditure estimate of GDP (constant LCU) rose 6.28 billion on 2024 (from -2.66 billion to 3.62 billion). Across the 9 yearly changes before that (2016 to 2024), the average change was −295.01 million and a typical year strayed about 4.14 billion from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB).

Source

World Bank, World Development Indicators, indicator NY.GDP.DISC.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.