Singapore - Trade in services (% of GDP)

Trade in services (% of GDP) in Singapore was 121.62 as of 2020. Its highest value over the past 48 years was 121.62 in 2020, while its lowest value was 43.03 in 1985.

Definition: Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1972 53.10
1973 54.99
1974 54.23
1975 60.03
1976 54.02
1977 58.49
1978 62.18
1979 60.72
1980 65.29
1981 73.63
1982 72.99
1983 65.32
1984 51.53
1985 43.03
1986 46.34
1987 49.75
1988 52.66
1989 54.18
1990 59.35
1991 50.47
1992 49.37
1993 49.37
1994 50.13
1995 54.43
1996 51.95
1997 49.32
1998 50.43
1999 57.68
2000 58.23
2001 63.95
2002 66.21
2003 71.97
2004 77.61
2005 78.76
2006 82.98
2007 82.12
2008 92.83
2009 84.62
2010 83.78
2011 84.88
2012 88.91
2013 94.85
2014 101.78
2015 102.24
2016 97.42
2017 102.63
2018 107.89
2019 112.52
2020 121.62

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments