Inflation, GDP deflator: linked series in Singapore
Singapore: Inflation, GDP deflator: linked series was -1.8% in 2025. ◆ Volatile
Inflation, GDP deflator: linked series in Singapore, 1990–2025
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
Singapore recorded -1.8% for inflation, gdp deflator: linked series in 2025.
The figure is down 130.6% on the previous year and down 158.5% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Singapore peaked at 15.0% in 2022 and was at its lowest, -4.6%, in 2023.
Singapore ranks 199th of 212 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator: linked series in Singapore, year by year
| Year | annual % | Change |
|---|---|---|
| 1990 | 4.7% | — |
| 1991 | 4.4% | -5.6% |
| 1992 | 1.4% | -68.7% |
| 1993 | 3.5% | +149.1% |
| 1994 | 3.5% | +0.2% |
| 1995 | 3.2% | -8.3% |
| 1996 | 1.5% | -52.6% |
| 1997 | 1.1% | -28.0% |
| 1998 | -1.3% | -222.5% |
| 1999 | -3.6% | +169.2% |
| 2000 | 3.9% | -208.0% |
| 2001 | -1.8% | -147.0% |
| 2002 | -0.9% | -50.6% |
| 2003 | -1.8% | +100.6% |
| 2004 | 4.0% | -320.1% |
| 2005 | 1.9% | -52.0% |
| 2006 | 1.8% | -3.0% |
| 2007 | 5.9% | +220.8% |
| 2008 | -1.4% | -123.3% |
| 2009 | 3.0% | -313.8% |
| 2010 | 1.1% | -62.5% |
| 2011 | 1.2% | +5.7% |
| 2012 | 0.5% | -57.7% |
| 2013 | -0.4% | -187.0% |
| 2014 | -0.3% | -38.0% |
| 2015 | 3.1% | -1249.4% |
| 2016 | 0.7% | -76.8% |
| 2017 | 3.0% | +319.0% |
| 2018 | 3.8% | +26.1% |
| 2019 | -0.3% | -108.7% |
| 2020 | -2.2% | +572.2% |
| 2021 | 11.0% | -602.0% |
| 2022 | 15.0% | +36.2% |
| 2023 | -4.6% | -130.4% |
| 2024 | 5.9% | -228.4% |
| 2025 | -1.8% | -130.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.8% | -3.6% | 4.7% | 10 |
| 2000s | 1.5% | -1.8% | 5.9% | 10 |
| 2010s | 1.2% | -0.4% | 3.8% | 10 |
| 2020s | 3.9% | -4.6% | 15.0% | 6 |
Countries ranked near Singapore
- 196 Mozambique -1.0% compare
- 197 Equatorial Guinea -1.4% compare
- 198 Niger -1.6% compare
- 200 Chad -2.0% compare
- 201 Saudi Arabia -2.6% compare
- 202 Qatar -3.2% compare
More financial sector data for Singapore
- Total reserves in months of imports, annual growth rate 4.92 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 5.6 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.4801 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 47,436 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 5.5 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 48,383 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 7.17 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 51,631 SDR per person (2025)
Frequently asked questions
- What is inflation, gdp deflator: linked series in Singapore?
- Inflation, gdp deflator: linked series in Singapore was -1.8% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Singapore?
- The highest recorded value was 15.0% in 2022.
- What is the lowest inflation, gdp deflator: linked series recorded in Singapore?
- The lowest recorded value was -4.6% in 2023.
- How does Singapore rank for inflation, gdp deflator: linked series?
- Singapore ranks 199th out of 212 countries with data for 2025.
- Is inflation, gdp deflator: linked series rising or falling in Singapore?
- Over the last ten years it is down 158.5%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.