Healthcare Spending: Singapore
Singapore's healthcare spending is currently 4.492 % of GDP as of 2023. # Singapore Healthcare Spending Singapore allocated 4.
Current (2023)
4.492 % of GDP
+3.7% y/y
Peak (2020)
5.7 % of GDP
Low (2007)
2.837 % of GDP
Source
World Bank World Development Indicators
2000–2023 · 24 pts
Healthcare Spending — Singapore
2000 — 2023
Healthcare Spending — Singapore
Analysis# Singapore Healthcare Spending
Singapore allocated 4.492% of GDP to healthcare in 2023, representing a 34.4% increase from 2000 when spending stood at 3.348% of GDP. The country's healthcare expenditure has fluctuated considerably over the 23-year period, reaching an all-time peak of 5.7% in 2020 before declining to current levels. Despite recent moderation, 2023 spending remains substantially above the 2.837% low recorded in 2007.
A dramatic spike occurred in 2020, driven by pandemic-related pressures, which pushed spending 1.3 percentage points higher than the previous year. Since that peak, expenditure has stabilized in the 4.3-4.5% range across 2022 and 2023, suggesting a plateau after the acute COVID-19 response phase. This normalized spending level indicates Singapore maintaining elevated healthcare investment relative to pre-pandemic years while managing fiscal sustainability.
Historical Data
24 Rows| Year | Value | Change % |
|---|---|---|
| 2023 | 4.492 % of GDP | +3.72% |
| 2022 | 4.331 % of GDP | -15.84% |
| 2021 | 5.146 % of GDP | -9.72% |
| 2020 | 5.7 % of GDP | +29.34% |
| 2019 | 4.407 % of GDP | +8.20% |
| 2018 | 4.073 % of GDP | -6.58% |
| 2017 | 4.36 % of GDP | -0.46% |
| 2016 | 4.38 % of GDP | +4.76% |
| 2015 | 4.181 % of GDP | +8.01% |
| 2014 | 3.871 % of GDP | +5.13% |
| 2013 | 3.682 % of GDP | +10.77% |
| 2012 | 3.324 % of GDP | +5.39% |
| 2011 | 3.154 % of GDP | -1.38% |
| 2010 | 3.198 % of GDP | -5.77% |
| 2009 | 3.394 % of GDP | +6.23% |
| 2008 | 3.195 % of GDP | +12.62% |
| 2007 | 2.837 % of GDP | -3.34% |
| 2006 | 2.935 % of GDP | -3.26% |
| 2005 | 3.034 % of GDP | -3.68% |
| 2004 | 3.15 % of GDP | -12.67% |
Show all 24 rows
| Year | Value | Change % |
|---|---|---|
| 2003 | 3.607 % of GDP | +7.42% |
| 2002 | 3.358 % of GDP | +6.17% |
| 2001 | 3.163 % of GDP | -5.38% |
| 2000 | 3.343 % of GDP | — |
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