Singapore Gross Savings Rate

1960 - 2019 | Yearly | % | CEIC Data

Singapore Gross Savings Rate was measured at 46.1 % in Dec 2019, compared with 47.2 % in the previous year. Singapore Gross Savings Rate is updated yearly, available from Dec 1960 to Dec 2019, with an average rate of 43.2 %. The data reached an all-time high of 52.7 % in Dec 1997 and a record low of -2.1 % in Dec 1960. CEIC calculates Gross National Savings Rate from annual Gross National Savings and annual Gross National Income. The Department of Statistics provides Gross National Savings in local currency and Gross National Income in local currency.

In the latest reports, Singapore GDP contracted 5.8 % YoY in Sep 2020. Singapore Nominal GDP reached 83.4 USD bn in Sep 2020. Its GDP deflator (implicit price deflator) fell 5.0 % in Sep 2020. Singapore GDP Per Capita reached 65,233.0 USD in Dec 2019.

View Singapore's Gross Savings Rate from 1960 to 2019 in the chart:

Singapore Gross Savings Rate

What was Singapore's Gross Savings Rate in 2019?

Last Previous Min Max Unit Frequency Range
46.1 2019 47.2 2018 -2.1 1960 52.7 1997 % yearly 1960 - 2019

Gross Savings Rate by Country Comparison

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Includes Gross Savings Rate on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 8.8 Sep 2020 quarterly Mar 2008 - Sep 2020
Algeria (%) 37.6 2016 yearly 2000 - 2016
Argentina (%) 22.8 Sep 2020 quarterly Mar 2004 - Sep 2020
Armenia (%) 10.3 Sep 2020 quarterly Dec 1994 - Sep 2020
Australia (%) 25.4 Sep 2020 quarterly Sep 1959 - Sep 2020
Austria (%) 27.3 Sep 2020 quarterly Mar 1995 - Sep 2020
Azerbaijan (%) 27.6 Mar 2020 quarterly Mar 2001 - Mar 2020
Bahrain (%) 31.6 2018 yearly 1989 - 2018
Bangladesh (%) 30.1 2020 yearly 2006 - 2020
Belarus (%) 35.3 Sep 2020 quarterly Mar 1992 - Sep 2020

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Singapore Key Series

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Includes 274 key indicators for Singapore, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Sep 2020 quarterly Mar 2012 - Sep 2020
Consolidated Fiscal Balance (USD mn) 62.665 Sep 2020 monthly Apr 2011 - Sep 2020
Tax Revenue (USD mn) 5,150.330 Nov 2020 monthly Aug 1987 - Nov 2020
Tax Revenue: % of GDP (%) 13.7 Sep 2020 quarterly Dec 1987 - Sep 2020
National Government Debt (USD mn) 505,455.3 Sep 2020 quarterly Mar 1990 - Sep 2020
Government Debt: % of GDP (%) 147.0 Sep 2020 quarterly Mar 1990 - Sep 2020
Forecast: Government Expenditure (SGD bn) 86.441 2025 yearly 1990 - 2025
Forecast: Government Net Debt (SGD bn) 795.470 2025 yearly 1990 - 2025
Forecast: Government Revenue (SGD bn) 101.605 2025 yearly 1990 - 2025
Govt Finance: Cash Surplus / Deficit (SGD mn) 188.300 Nov 2020 monthly Apr 2011 - Nov 2020
Govt Revenue: Operating (SGD mn) 7,367.200 Nov 2020 monthly Jan 2003 - Nov 2020

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