Services sector drive 70% of Singapore’s 2025 GDP

Finance and insurance followed with 14.0%.

Services-producing industries generated more than 70% of Singapore’s nominal gross domestic product in 2025, led by wholesale trade at 19.7% and finance and insurance at 14.0%, according to the Department of Statistics Singapore.

Key contributors within services included other services industries at 9.8%, transportation and storage at 8.1%, information and communications at 6.3%, and professional services at 5.6%.

Real estate contributed 3.0%, whilst administrative and support services accounted for 2.5%.

Retail trade, food and beverage services, and accommodation contributed 1.2%, 1.0%, and 0.8%, respectively.

Meanwhile, goods-producing industries accounted for about 25% of nominal GDP, with manufacturing contributing 18.5%, construction 4.0%, and utilities 1.5%. Ownership of dwellings accounted for the remaining 4%.

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