Singapore's GDP per unit of energy use (constant 2021 PPP $ per kg of oil equivalent) was 25.65 in 2024, the latest year in the World Bank's World Development Indicators. That is up 18.43% from 21.66 in 2014 (1.71% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 25.65 | 2024 |
| Five years earlier | 21.68 | 2019 |
| Ten years earlier | 21.66 | 2014 |
| Highest | 25.65 | 2024 |
| Lowest | 8.93 | 1994 |
| Average since 2015 | 22.23 | 2015–2024 |
| First recorded | 12.15 | 1990 |
What the numbers say
In 2024, Singapore's GDP per unit of energy use (constant 2021 PPP $ per kg of oil equivalent) rose 0.58 on 2023 (from 25.07 to 25.65).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.51 and a typical year strayed about 2.08 from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 6.08 in 2005 and the biggest yearly fall was 3.19 in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 0.55 a year. A straight line explains 80% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Singapore had the 11th highest value of the 141 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.
| Value | Year | |
|---|---|---|
| Singapore | 25.65 | 2024 |
| World | 11.52 | 2024 |
| East Asia & Pacific | 9.74 | 2024 |
| High income | 13.17 | 2024 |
Closest to Singapore in the 2024 ranking
- Bangladesh — 7th of 141: 29.43
- Denmark — 8th of 141: 28.5
- Luxembourg — 9th of 141: 28.41
- United Kingdom — 11th of 141: 25.49
- Romania — 12th of 141: 25.46
- Dominican Republic — 13th of 141: 25.4
What this measures
GDP per unit of energy use is the PPP GDP per kilogram of oil equivalent of energy use. PPP GDP is gross domestic product converted to 2021 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.
Limitations: The IEA makes these estimates in consultation with national statistical offices, oil companies, electric utilities, and national energy experts. The IEA occasionally revises its time series to reflect political changes, and energy statistics undergo continual changes in coverage or methodology as more detailed energy accounts become available. Breaks in series are therefore unavoidable.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 35 values
| Year | GDP per unit of energy use (constant 2021 PPP $ per kg of oil equivalent) |
|---|---|
| 2024 | 25.65 |
| 2023 | 25.07 |
| 2022 | 23.31 |
| 2021 | 22.46 |
| 2020 | 21.07 |
| 2019 | 21.68 |
| 2018 | 21.2 |
| 2017 | 20.26 |
| 2016 | 20.68 |
| 2015 | 20.96 |
| 2014 |
GDP per unit of energy use (constant 2021 PPP $ per kg of oil equivalent) in nearby economies
- Australia — 12.06 (2024)
- Brunei Darussalam — 8.85 (2024)
- Cambodia — 11.82 (2024)
- China — 8.09 (2024)
- Hong Kong SAR, China — 45.86 (2024)
- Indonesia — 14.19 (2024)
- Japan — 15.8 (2024)
- Korea, Rep. — 9.9 (2024)
More environment data for Singapore
- Population in largest city — 6.16 million (2025)
- Population in the largest city (% of urban population) — 100% (2025)
- Population in urban agglomerations of more than 1 million — 6.16 million (2025)
- Population in urban agglomerations of more than 1 million (% of total population) — 100% (2025)
- Rural population — 0 (2025)
- Rural population (% of total population) — 0% (2025)
- Urban population — 6.11 million (2025)
- Urban population (% of total population) — 100% (2025)
- Aquaculture production (metric tons) — 3,742 (2024)
- Capture fisheries production (metric tons)
Reading data like this
Questions people ask
- What is Singapore's GDP per unit of energy use (constant 2021 PPP $ per kg of oil equivalent)?
- 25.65 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 111.1% from 12.15 in 1990 (2.22% a year on average, compounded). The highest value was 25.65 in 2024 and the lowest 8.93 in 1994.
- How does Singapore rank?
- 11th highest of 141 economies with data for 2024.
- Is the latest change in GDP per unit of energy use (constant 2021 PPP $ per kg of oil equivalent) unusual for Singapore?
- In 2024, Singapore's GDP per unit of energy use (constant 2021 PPP $ per kg of oil equivalent) rose 0.58 on 2023 (from 25.07 to 25.65). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.51 and a typical year strayed about 2.08 from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator EG.GDP.PUSE.KO.PP.KD, licensed CC BY 4.0. Original source: IEA Energy Statistics Data Browser, International Energy Agency (IEA), uri: https://www.iea.org/data-and-statistics/data-tools/energy-statistics-data-browser, publisher: International Energy Agency (IEA), date accessed: 2025-03-25 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.
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