Singapore 2016
Detailed economic analysis and indicators for 2016
Key Economic Indicators (2016)
GDP (Current USD)
$319.05 billion
↑ 3.59% vs 2015GDP per Capita
$56,899.92
↑ 2.25% vs 2015GDP Growth (Annual %)
3.59%
↑ 0.61pp vs 2015Inflation Rate (CPI %)
-0.53%
↓ 0.01pp vs 2015Year-over-Year Comparison
| Indicator | 2015 | 2016 | Change |
|---|---|---|---|
| GDP (Current USD) | $308.00 billion | $319.05 billion | +3.59% |
| GDP per Capita | $55,645.61 | $56,899.92 | +2.25% |
| GDP Growth (Annual %) | 2.98% | 3.59% | +0.61pp |
| Inflation (CPI %) | -0.52% | -0.53% | -0.01pp |
| Unemployment Rate (%) | 3.79% | 4.08% | +0.29pp |
All Economic Indicators (2016)
National Accounts
- GDP (Current USD)
- $319.05 billion
- GDP per Capita
- $56,899.92
- GDP Growth (Annual %)
- 3.59%
- Gross National Income
- $299.70 billion
Prices & Employment
- Inflation (CPI %)
- -0.53%
- Inflation (GDP Deflator %)
- 0.49%
- Unemployment Rate (%)
- 4.08%
- Interest Rate (Real %)
- 4.84%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 18.04%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2016, Singapore's Gross Domestic Product (GDP) is $319.05 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Singapore for 2016 is $56,899.92. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Singapore for 2016 is -0.53%. This measures the annual percentage change in the cost of consumer goods and services.
Singapore's annual GDP growth rate for 2016 is 3.59%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Singapore for 2016 is 4.08%. This represents the percentage of the labor force that is unemployed and actively seeking employment.