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External Demand Reliance of Sectors in Singapore’s Economy

25 May 2023

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

Singapore is a small open economy that is highly dependent on external demand. Over the period of 2015 to 2019, external demand contributed to around 67 per cent to 72 per cent of Singapore’s GDP. 

This article examines the external demand reliance of the various sectors of the Singapore economy over time, using DOS’ Input-Output (IO) tables for 2015, 2016, 2017 and 2019.

The external demand reliance of Singapore’s sectors can be measured by the sector’s total export share of output

Download for the full article [PDF, 200 KB].

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