GDP of Singapore surged by 7.01% from 323.90 billion US dollars in 2017 to 346.62 billion US dollars in 2018. Since the 2.39% decline in 2015, GDP leapt by 13.99% in 2018.
The description is composed by our digital data assistant.GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates.