Singapore: Trade in services (% of GDP)

Key figures

What the numbers say

In 2025, Singapore's trade in services (% of GDP) rose 0.24 percentage points on 2024 (from 133.43% to 133.66%).

Across the 30 yearly changes before that (1995 to 2024), the average change was +2.78 percentage points and a typical year strayed about 4.22 percentage points from that (the standard deviation). This year's change was 0.6 standard deviations below 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 10.7 percentage points in 2008 and the biggest yearly fall was 13.79 percentage points in 1984. 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 the straight-line trend is upward, about 4.07 percentage points a year. A straight line explains 94% 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.

A straight-line projection, tested first

Extending that straight line gives about 147.03% for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was 1.97%, against 7.9% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2025, Singapore had the 4th highest value of the 135 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

• Luxembourg — 1st of 135: 321.71%
• Ireland — 2nd of 135: 148.86%
• Cyprus — 3rd of 135: 148.05%
• Seychelles — 5th of 135: 127.53%
• Maldives — 6th of 135: 99.36%
• Macao SAR, China — 7th of 135: 97.52%

What this measures

Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 54 values

Trade in services (% of GDP) in nearby economies

• Australia — 11.55% (2025)
• Brunei Darussalam — 13.32% (2025)
• Cambodia — 16.72% (2025)
• China — 5.17% (2025)
• Fiji — 52.17% (2024)
• French Polynesia — 25.61% (2016)
• Hong Kong SAR, China — 48.83% (2025)
• Indonesia — 7.29% (2025)
• Japan — 11.62% (2025)
• Kiribati — 31.62% (2025)
• Korea, Rep. — 17.88% (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 trade in services (% of GDP)?

133.66% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1972?

It is up 80.57 percentage points from 53.1% in 1972. The highest value was 133.66% in 2025 and the lowest 43.03% in 1985.

Source

World Bank, World Development Indicators, indicator BG.GSR.NFSV.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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.

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