Services, Debit/Expenditure in Singapore
Singapore: Services, Debit/Expenditure was 351.12 billion in 2024. ▲ Rising
Services, Debit/Expenditure in Singapore, 2005–2024
Source: International Monetary Fund.
Analysis
Singapore recorded 351.12 billion for services, debit/expenditure in 2024. That is the highest value across all 20 years on record.
That represents a change of up 7.6% on the previous year and up 110.7% over ten years.
Over the whole period, services, debit/expenditure in Singapore peaked at 351.12 billion in 2024 and was at its lowest, 55.05 billion, in 2005.
Singapore ranks 6th of 198 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Debit/Expenditure in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 55.05 billion | — |
| 2006 | 65.01 billion | +18.1% |
| 2007 | 75.07 billion | +15.5% |
| 2008 | 90.56 billion | +20.6% |
| 2009 | 83.28 billion | -8.0% |
| 2010 | 100.52 billion | +20.7% |
| 2011 | 117.84 billion | +17.2% |
| 2012 | 132.91 billion | +12.8% |
| 2013 | 149.71 billion | +12.6% |
| 2014 | 166.67 billion | +11.3% |
| 2015 | 161.69 billion | -3.0% |
| 2016 | 158.72 billion | -1.8% |
| 2017 | 182.33 billion | +14.9% |
| 2018 | 203.23 billion | +11.5% |
| 2019 | 209.37 billion | +3.0% |
| 2020 | 210.21 billion | +0.4% |
| 2021 | 247.57 billion | +17.8% |
| 2022 | 296.71 billion | +19.9% |
| 2023 | 326.27 billion | +10.0% |
| 2024 | 351.12 billion | +7.6% |
Singapore compared with similar countries
- Singapore's 351.12 billion is above the median for high income countries, which is 18.44 billion, 19.0× the median. (72 countries reporting)
- Singapore's 351.12 billion is above the median for East Asia & Pacific, which is 2.40 billion, 146.5× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 73.79 billion | 55.05 billion | 90.56 billion | 5 |
| 2010s | 158.30 billion | 100.52 billion | 209.37 billion | 10 |
| 2020s | 286.37 billion | 210.21 billion | 351.12 billion | 5 |
Countries ranked near Singapore
More trade data for Singapore
- Commodity Net Export Price Index, Individual Commodities Weighted by 105.53 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 103.65 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 90.42 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 69.54 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 87.24 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 68.59 (2025)
- Imports of low carbon technology products, Percent of GDP 3.28 (2024)
- Imports of low carbon technology products, US dollar (World), per 2,971 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0313 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 19.53 billion (2024)
Frequently asked questions
- What is services, debit/expenditure in Singapore?
- Services, debit/expenditure in Singapore was 351.12 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Singapore?
- The highest recorded value was 351.12 billion in 2024.
- What is the lowest services, debit/expenditure recorded in Singapore?
- The lowest recorded value was 55.05 billion in 2005.
- How does Singapore rank for services, debit/expenditure?
- Singapore ranks 6th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Singapore?
- Over the last ten years it is up 110.7%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.