Singapore Gross Savings Rate

1960 - 2022 | Yearly | % | CEIC Data

Key information about Singapore Gross Savings Rate

  • Singapore Gross Savings Rate was measured at 49.2% in Dec 2022, compared with 49.2% in the previous year.
  • Singapore Gross Savings Rate is updated yearly, with data available from Dec 1960 to Dec 2022, and an average rate of 49.2%.
  • The data reached an all-time high of 49.2% 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 Singapore Department of Statistics provides Gross National Savings in local currency and Gross National Income in local currency.
  • In the latest reports, Singapore GDP expanded 2.1% YoY in Dec 2022.
  • Singapore Nominal GDP reached 112,981.4 USD mn in Dec 2022. Its GDP deflator (implicit price deflator) increased 4.3% in Dec 2022.
  • Singapore GDP Per Capita reached 82,794.0 USD in Dec 2022.

View Singapore's Gross Savings Rate from 1960 to 2022 in the chart:

Singapore Gross Savings Rate

What was Singapore's Gross Savings Rate in 2022?

Singapore Gross Savings Rate was measured at 49.2% in Dec 2022, compared with 49.2% in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
49.2 2022 49.1 2021 -2.1 1960 52.7 1997 % yearly 1960 - 2022

Gross Savings Rate by Country Comparison

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Includes Gross Savings Rate on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 17.3 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 36.2 2021 yearly 2000 - 2021
Argentina (%) 22.4 Sep 2022 quarterly Mar 2004 - Sep 2022
Armenia (%) 19.9 Sep 2022 quarterly Dec 1994 - Sep 2022
Australia (%) 29.6 Dec 2022 quarterly Sep 1959 - Dec 2022
Austria (%) 28.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Azerbaijan (%) 46.4 Sep 2022 quarterly Mar 2001 - Sep 2022
Bahrain (%) 34.4 2021 yearly 1989 - 2021
Bangladesh (%) 30.4 2021 yearly 2006 - 2021
Belarus (%) 25.7 Jun 2022 quarterly Mar 1992 - Jun 2022
Belgium (%) 25.1 Sep 2022 quarterly Mar 1980 - Sep 2022
Bolivia (%) 17.1 Sep 2022 quarterly Mar 1990 - Sep 2022
Bosnia and Herzegovina (%) 21.3 Sep 2022 quarterly Mar 2008 - Sep 2022
Botswana (%) 27.9 Sep 2022 quarterly Mar 1994 - Sep 2022
Brazil (%) 12.4 Dec 2022 quarterly Mar 1991 - Dec 2022
Brunei (%) 60.0 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (%) 16.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (%) 27.2 2021 yearly 1993 - 2021
Canada (%) 23.4 Dec 2022 quarterly Mar 1961 - Dec 2022
Chile (%) 16.8 Dec 2022 quarterly Mar 1996 - Dec 2022
China (%) 45.9 2021 yearly 1952 - 2021
Colombia (%) 8.6 Dec 2022 quarterly Mar 2005 - Dec 2022
Croatia (%) 15.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Cyprus (%) 17.4 Dec 2022 quarterly Mar 1995 - Dec 2022
Czech Republic (%) 31.5 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 36.0 Dec 2022 quarterly Mar 1990 - Dec 2022
Ecuador (%) 23.3 Sep 2022 quarterly Mar 1991 - Sep 2022
Egypt (%) 6.7 2017 yearly 1990 - 2017
Estonia (%) 29.7 Dec 2022 quarterly Mar 1993 - Dec 2022
European Union (%) 26.0 Dec 2022 quarterly Mar 1995 - Dec 2022
Finland (%) 24.7 Dec 2022 quarterly Mar 1990 - Dec 2022
France (%) 14.2 Dec 2017 quarterly Mar 1949 - Dec 2017
Georgia (%) 25.7 Sep 2022 quarterly Mar 1996 - Sep 2022
Germany (%) 26.2 Dec 2022 quarterly Mar 1991 - Dec 2022
Ghana (%) 19.9 2021 yearly 2006 - 2021
Greece (%) 8.1 Dec 2022 quarterly Mar 1995 - Dec 2022
Hong Kong SAR, China (%) 27.7 Sep 2022 quarterly Mar 1999 - Sep 2022
Hungary (%) 28.8 Dec 2022 quarterly Mar 1995 - Dec 2022
Iceland (%) 27.5 Sep 2022 quarterly Mar 1995 - Sep 2022
India (%) 30.2 2022 yearly 1951 - 2022
Indonesia (%) 37.3 Dec 2022 quarterly Mar 2010 - Dec 2022
Iran (%) 36.8 Mar 2022 quarterly Jun 1988 - Mar 2022
Ireland (%) 67.9 Sep 2022 quarterly Mar 1995 - Sep 2022
Israel (%) 32.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Italy (%) 20.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Ivory Coast (%) 22.2 2022 yearly 1960 - 2022
Japan (%) 28.8 Mar 2022 quarterly Mar 1980 - Mar 2022
Jordan (%) -3.1 2021 yearly 1963 - 2021
Kazakhstan (%) 44.9 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 13.3 2021 yearly 2006 - 2021
South Korea (%) 34.0 Dec 2022 quarterly Mar 1970 - Dec 2022
Kosovo (%) 18.4 Sep 2022 quarterly Mar 2010 - Sep 2022
Kuwait (%) 31.1 2019 yearly 1970 - 2019
Kyrgyzstan (%) 6.1 Sep 2022 quarterly Mar 2000 - Sep 2022
Laos (%) 18.4 2016 yearly 2000 - 2016
Latvia (%) 18.4 Dec 2022 quarterly Mar 1995 - Dec 2022
Lebanon (%) -21.7 2020 yearly 1990 - 2020
Lithuania (%) 28.6 Sep 2022 quarterly Mar 1995 - Sep 2022
Luxembourg (%) 52.5 Sep 2022 quarterly Mar 1995 - Sep 2022
Macau SAR, China (%) 16.6 Dec 2022 quarterly Mar 2001 - Dec 2022
North Macedonia (%) 13.4 Sep 2022 quarterly Mar 2000 - Sep 2022
Malawi (%) 11.2 2019 yearly 1977 - 2019
Malaysia (%) 26.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Malta (%) 36.8 Dec 2022 quarterly Mar 1992 - Dec 2022
Mauritius (%) 13.4 Sep 2022 quarterly Mar 1999 - Sep 2022
Mexico (%) 19.9 Sep 2022 quarterly Mar 1993 - Sep 2022
Moldova (%) -0.3 Sep 2022 quarterly Mar 1995 - Sep 2022
Mongolia (%) 35.8 Dec 2022 quarterly Mar 2005 - Dec 2022
Montenegro (%) 19.4 Sep 2022 quarterly Mar 2010 - Sep 2022
Morocco (%) 29.2 2021 yearly 1975 - 2021
Mozambique (%) 12.4 2021 yearly 1969 - 2021
Myanmar (%) 28.7 2018 yearly 1996 - 2018
Nepal (%) 31.7 2022 yearly 2001 - 2022
Netherlands (%) 28.2 Sep 2022 quarterly Mar 1995 - Sep 2022
New Zealand (%) 20.3 Sep 2022 quarterly Jun 1987 - Sep 2022
Nigeria (%) 32.7 2021 yearly 1981 - 2021
Norway (%) 45.6 Dec 2022 quarterly Mar 1978 - Dec 2022
Oman (%) 18.8 2021 yearly 1980 - 2021
Pakistan (%) 3.8 2022 yearly 2000 - 2022
Palestinian Territory (%) 11.6 Sep 2022 quarterly Mar 2011 - Sep 2022
Panama (%) 35.8 2021 yearly 1960 - 2021
Paraguay (%) 20.5 Sep 2022 quarterly Mar 1994 - Sep 2022
Peru (%) 24.5 Dec 2022 quarterly Mar 1990 - Dec 2022
Philippines (%) 10.8 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (%) 24.5 Sep 2022 quarterly Mar 1995 - Sep 2022
Portugal (%) 18.4 Jun 2022 quarterly Mar 1999 - Jun 2022
Qatar (%) 68.7 Sep 2022 quarterly Mar 2013 - Sep 2022
Romania (%) 19.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Russia (%) 31.9 Sep 2022 quarterly Mar 1993 - Sep 2022
Saudi Arabia (%) 37.7 Dec 2022 quarterly Mar 2003 - Dec 2022
Serbia (%) 17.8 Dec 2022 quarterly Mar 1995 - Dec 2022
Singapore (%) 49.2 2022 yearly 1960 - 2022
Slovakia (%) 12.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Slovenia (%) 25.4 Sep 2022 quarterly Mar 1995 - Sep 2022
South Africa (%) 15.6 Sep 2022 quarterly Mar 1960 - Sep 2022
Spain (%) 21.3 Sep 2022 quarterly Mar 1999 - Sep 2022
Sri Lanka (%) 26.1 Sep 2022 quarterly Mar 2010 - Sep 2022
Sudan (%) 13.7 2014 yearly 1960 - 2014
Sweden (%) 30.7 Dec 2022 quarterly Mar 1980 - Dec 2022
Switzerland (%) 34.3 Dec 2022 quarterly Mar 1990 - Dec 2022

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Singapore Key Series

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Includes 235 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 (%) 2.0 Dec 2022 quarterly Mar 2012 - Dec 2022
Consolidated Fiscal Balance (USD mn) 1,788.647 Jan 2023 monthly Apr 2011 - Jan 2023
Tax Revenue (USD mn) 4,906.703 Jan 2023 monthly Aug 1987 - Jan 2023
Tax Revenue: % of GDP (%) 9.9 Dec 2022 quarterly Dec 1987 - Dec 2022
National Government Debt (USD mn) 805,548.9 Dec 2022 quarterly Mar 1990 - Dec 2022
Government Debt: % of GDP (%) 167.8 Dec 2022 quarterly Mar 1990 - Dec 2022
Forecast: Government Expenditure (SGD bn) 118.703 2028 yearly 1991 - 2028
Forecast: Government Net Debt (SGD bn) 1,105.480 2028 yearly 1991 - 2028
Forecast: Government Revenue (SGD bn) 145.993 2028 yearly 1991 - 2028
Govt Finance: Cash Surplus / Deficit (SGD mn) 2,369.600 Jan 2023 monthly Apr 2011 - Jan 2023
Govt Revenue: Operating (SGD mn) 7,044.300 Jan 2023 monthly Jan 2003 - Jan 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.997 2027 yearly 1980 - 2027
Trade Balance (USD mn) 4,758.0 Jan 2023 monthly Jan 1976 - Jan 2023
Total Exports (USD mn) 41,285.6 Jan 2023 monthly Jan 1976 - Jan 2023
Total Exports Growth (%) -3.0 Jan 2023 monthly Jan 1977 - Jan 2023
Aluminum: Exports (USD th) 638,380.869 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 10,238,420.942 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 7,279,161.100 2021 yearly 1995 - 2021
Total Imports (USD mn) 33,734.2 Feb 2023 monthly Jan 1964 - Feb 2023
Total Imports Growth (%) -5.8 Jan 2023 monthly Jan 1965 - Jan 2023
Imports: Medicament (USD th) 1,940,269.506 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 1,928,399.104 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 3,423.660 Feb 2023 monthly Jan 1976 - Feb 2023
Total Imports from USA (USD mn) 3,956.729 Jan 2023 monthly Jan 1976 - Jan 2023
Total Exports to China (USD mn) 5,313.842 Feb 2023 monthly Jan 1975 - Feb 2023
Total Imports from China (USD mn) 5,555.439 Jan 2023 monthly Jan 1975 - Jan 2023
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Exports: Indonesia (SGD mn) 4,196.404 Feb 2023 monthly Jan 2003 - Feb 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 12,018.5 Dec 2022 quarterly Mar 1995 - Dec 2022
Current Account Balance (USD mn) 16,956.3 Dec 2022 quarterly Mar 1986 - Dec 2022
Current Account Balance: % of GDP (%) 14.6 Dec 2022 quarterly Mar 1986 - Dec 2022
Foreign Direct Investment (USD mn) 36,694.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Foreign Direct Investment: % of GDP (%) 31.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Foreign Portfolio Investment (USD mn) 9,946.200 Dec 2022 quarterly Mar 1995 - Dec 2022
Foreign Portfolio Investment: % of GDP (%) 8.6 Dec 2022 quarterly Mar 1995 - Dec 2022
External Debt (USD mn) 1,752,297.8 Sep 2022 quarterly Jun 2003 - Sep 2022
External Debt: % of GDP (%) 419.9 2021 yearly 2003 - 2021
External Debt: Short Term (USD mn) 1,200,975.3 Sep 2022 quarterly Jun 2003 - Sep 2022
External Debt: Short Term: % of GDP (%) 291.8 2021 yearly 2003 - 2021
Forecast: Current Account Balance (USD bn) 61.603 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 927,616.645 Sep 2022 quarterly Dec 2013 - Sep 2022
BoP: FA: Others: Liabilities (SGD mn) -117,586.200 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: Net Errors and Omissions (SGD mn) -737.400 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: Official Reserves (OR): Net (SGD mn) -10,716.200 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Direct Investment (SGD mn) -34,231.700 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Direct Investment: Liabilities (SGD mn) 50,904.100 Dec 2022 quarterly Mar 1995 - Dec 2022
BoP: CA: Goods: Exports (SGD mn) 184,495.600 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Direct Investment: Assets (SGD mn) 16,672.400 Dec 2022 quarterly Mar 1995 - Dec 2022
BoP: CA: Primary Income Balance: Receipts (SGD mn) 50,936.100 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Financial Derivatives: Liabilities (SGD mn) -2,334.000 Dec 2022 quarterly Mar 2006 - Dec 2022
BoP: CA: Primary Income Balance (SGD mn) -28,892.900 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Financial Derivatives (SGD mn) -2,381.400 Dec 2022 quarterly Mar 2006 - Dec 2022
BoP: CA: Goods: Balance (SGD mn) 41,707.000 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: CA: Goods: Imports (SGD mn) 142,788.600 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 13,797.700 Dec 2022 quarterly Mar 1995 - Dec 2022
BoP: CA: Services: Imports (SGD mn) 89,826.200 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: Financial Account (FA): Net (SGD mn) 33,501.100 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: CA: Secondary Income Balance (SGD mn) -1,371.300 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Portfolio Inv: Assets (SGD mn) 32,400.200 Dec 2022 quarterly Mar 1995 - Dec 2022
BoP: FA: Others: Assets (SGD mn) -66,074.500 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Others (SGD mn) 51,511.700 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Financial Derivatives: Assets (SGD mn) -4,715.400 Dec 2022 quarterly Mar 2006 - Dec 2022
BoP: Current Account (CA) Balance (SGD mn) 30,378.200 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: CA: Primary Income Balance: Payment (SGD mn) 79,829.000 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: CA: Services: Balance (SGD mn) 12,079.500 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Portfolio Investment (SGD mn) 18,602.500 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: CA: Services: Exports (SGD mn) 101,905.700 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
External Debt: Gross: OL: DTC: Long Term (SGD mn) 207,484.500 Sep 2022 quarterly Jun 2003 - Sep 2022
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,367,032.900 Jun 2022 quarterly Jun 2003 - Jun 2022
External Debt: Gross (SGD mn) 2,470,312.700 Jun 2022 quarterly Jun 2003 - Jun 2022
External Debt: Gross: OL: OS: Short Term (SGD mn) 318,440.000 Jun 2022 quarterly Jun 2003 - Jun 2022
External Debt: Gross: OL: OS: Long Term (SGD mn) 199,438.900 Sep 2022 quarterly Jun 2003 - Sep 2022
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,413,493.900 2021 yearly 1998 - 2021
Foreign Direct Investment (FDI): Total (SGD mn) 2,478,992.200 2021 yearly 1998 - 2021
FDI: By Industry: Manufacturing (SGD mn) 283,113.000 2021 yearly 1998 - 2021
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 226,482.900 2021 yearly 1998 - 2021
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 355,257.200 2021 yearly 1998 - 2021
FDI: By Country: United Kingdom (SGD mn) 115,352.900 2021 yearly 1998 - 2021
FDI: By Country: Switzerland (SGD mn) 87,875.100 2021 yearly 1998 - 2021
FDI: By Country: Netherlands (SGD mn) 54,410.000 2021 yearly 1998 - 2021
FDI: By Country: United States (SGD mn) 597,792.600 2021 yearly 1998 - 2021
FDI: By Country: Japan (SGD mn) 155,401.300 2021 yearly 1998 - 2021
Business Entities (BE): Formation: Total (Number) 5,672.000 Feb 2023 monthly Jan 1970 - Feb 2023
SG: BOP: Current Account: Personal Remittances: Received (USD mn) 0.000 2021 yearly 2005 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 56.1 Dec 2022 quarterly Mar 1995 - Dec 2022
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 338,745.203 Jan 2023 monthly Mar 2004 - Jan 2023
Money Supply M2 (USD mn) 919,530.136 Jan 2023 monthly Mar 2004 - Jan 2023
M2 Growth (%) 6.2 Jan 2023 monthly Mar 2005 - Jan 2023
Foreign Exchange Reserves (USD mn) 281,305.7 Feb 2023 monthly Apr 2000 - Feb 2023
Foreign Exchange Reserves: % of GDP (%) 59.942 Dec 2022 quarterly Jun 2000 - Dec 2022
Foreign Exchange Reserves: Months of Import (NA) 8.3 Jan 2023 monthly Apr 2000 - Jan 2023
Gold Reserves (USD mn) 4,935.300 Feb 2023 monthly Apr 2000 - Feb 2023
Total Deposits (USD mn) 1,307,918.524 Jan 2023 monthly Jan 1991 - Jan 2023
Total Deposits Growth (%) 8.9 Jan 2023 monthly Jan 1992 - Jan 2023
Domestic Credit (USD mn) 873,907.1 Jan 2023 monthly Mar 2004 - Jan 2023
Domestic Credit Growth (%) 27.7 Jan 2023 monthly Mar 2005 - Jan 2023
Credit to Households (USD bn) 220.616 Sep 2022 quarterly Mar 1991 - Sep 2022
Credit to Private Non-Financial Sector (USD bn) 824.455 Sep 2022 quarterly Dec 1963 - Sep 2022
Household Debt (USD mn) 281,135.5 Jan 2023 monthly Mar 2004 - Jan 2023
Total Loans (USD mn) 969,524.686 Jan 2023 monthly Mar 2004 - Jan 2023
Total Loans Growth (%) -4.21 Jan 2023 monthly Mar 2005 - Jan 2023
Private Debt: % of Nominal GDP (%) 139.70 Dec 2022 quarterly Mar 2004 - Dec 2022
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Other Reserve Assets (USD mn) 472.40 Jul 2018 monthly Apr 2000 - Jul 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -0.4 Feb 2023 monthly Jan 2000 - Feb 2023
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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