Singapore Gross Savings Rate
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:
What was Singapore's Gross Savings Rate in 2019?
|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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|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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|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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