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Government Spending in Singapore

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    Report

  • 39 Pages
  • April 2025
  • Region: Singapore
  • MarketLine
  • ID: 6109219
Description Jump to:
Government Spending in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Government spending refers to the money spent by the government of a country to provide goods and services to its citizens. It helps to drive economic growth, create employment opportunities, and improve the standard of living for its citizens.
  • The Singaporean government spending market recorded expenditure of $103.2 billion in 2024, representing a compound annual growth rate (CAGR) of 11.7% between 2019 and 2024.
  • The healthcare segment accounted for the market's largest proportion in 2024, with a total expenditure of $13.4 billion, equivalent to 13.0% of the market's overall expenditure.
  • In 2024, the Singaporean government spending market experienced an annual growth of 6.1%, partly due to increased pressure on urban infrastructure and environmental systems. Despite its compact size, Singapore's total population reached 6.04 million in June 2024, marking a 2.0% increase from June 2023, according to the Department of Statistics Singapore.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the government spending market in Singapore
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in Singapore
  • Leading company profiles reveal details of key government spending market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Singapore government spending market with five year forecasts

Reasons to Buy

  • What was the size of the Singapore government spending market by value in 2024?
  • What will be the size of the Singapore government spending market in 2029?
  • What factors are affecting the strength of competition in the Singapore government spending market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Singapore's government spending market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of leading players?
7.4. What are the most recent notable developments?
8 Company Profiles
8.1. Singapore Technologies Engineering Ltd
8.2. Hyundai Engineering & Construction Co Ltd
8.3. SMRT Corp Ltd
8.4. Public Utilities Board
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Singapore government spending sector value: $ billion, 2019-24
Table 2: Singapore government spending sector category segmentation: % share, by value, 2019-24
Table 3: Singapore government spending sector category segmentation: $ billion, 2019-24
Table 4: Singapore government spending sector geography segmentation: $ billion, 2024
Table 5: Singapore government spending sector value forecast: $ billion, 2024-29
Table 6: Singapore Technologies Engineering Ltd: Key Facts
Table 7: Singapore Technologies Engineering Ltd: Annual Financial Ratios
Table 8: Singapore Technologies Engineering Ltd: Key Employees
Table 9: Hyundai Engineering & Construction Co Ltd: Key Facts
Table 10: Hyundai Engineering & Construction Co Ltd: Annual Financial Ratios
Table 11: Hyundai Engineering & Construction Co Ltd: Key Employees
Table 12: SMRT Corp Ltd: Key Facts
Table 13: SMRT Corp Ltd: Key Employees
Table 14: Public Utilities Board: Key Facts
Table 15: Public Utilities Board: Key Employees
Table 16: Public Utilities Board: Key Employees Continued
Table 17: Singapore Size of Population (Million), 2020-24
Table 18: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 19: Singapore GDP (Current Prices, $ Billion), 2020-24
Table 20: Singapore Inflation, 2020-24
Table 21: Singapore Consumer Price Index (Absolute), 2020-24
Table 22: Singapore Exchange Rate, 2019-24
List of Figures
Figure 1: Singapore government spending sector value: $ billion, 2019-24
Figure 2: Singapore government spending sector category segmentation: $ billion, 2019-24
Figure 3: Singapore government spending sector geography segmentation: % share, by value, 2024
Figure 4: Singapore government spending sector value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the government spending sector in Singapore, 2024
Figure 6: Drivers of buyer power in the government spending sector in Singapore, 2024
Figure 7: Drivers of supplier power in the government spending sector in Singapore, 2024
Figure 8: Factors influencing the likelihood of new entrants in the government spending sector in Singapore, 2024
Figure 9: Factors influencing the threat of substitutes in the government spending sector in Singapore, 2024
Figure 10: Drivers of degree of rivalry in the government spending sector in Singapore, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Singapore Technologies Engineering Ltd
  • Hyundai Engineering & Construction Co Ltd
  • SMRT Corp Ltd
  • Public Utilities Board

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