Industry (including construction), value added (% of GDP) in Singapore was reported at 24.9 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Industry, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2023.


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 singapore industry value added percent of gdp wb data


Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.


Singapore | World Bank Development Indicators