In 2024, the pharmaceutical industry in Singapore contributed about 7.85 billion Singapore dollars to the GDP, indicating an decrease compared to the previous year. The value added by the pharmaceutical industry saw its peak in 2012, at 14.24 billion Singapore dollars. The government of Singapore launched the Biomedical Sciences (BMS) initiative in 2000 that has since amplified the pharmaceutical industry in the country.
Value added by the pharmaceutical industry in Singapore from 2015 to 2024
(in billion Singapore dollars)
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Singapore Department of Statistics. (February 21, 2025). Value added by the pharmaceutical industry in Singapore from 2015 to 2024 (in billion Singapore dollars) [Graph]. In Statista. Retrieved June 09, 2025, from https://www.statista.com/statistics/1196337/singapore-value-added-by-pharmaceutical-industry/
Singapore Department of Statistics. "Value added by the pharmaceutical industry in Singapore from 2015 to 2024 (in billion Singapore dollars)." Chart. February 21, 2025. Statista. Accessed June 09, 2025. https://www.statista.com/statistics/1196337/singapore-value-added-by-pharmaceutical-industry/
Singapore Department of Statistics. (2025). Value added by the pharmaceutical industry in Singapore from 2015 to 2024 (in billion Singapore dollars). Statista. Statista Inc.. Accessed: June 09, 2025. https://www.statista.com/statistics/1196337/singapore-value-added-by-pharmaceutical-industry/
Singapore Department of Statistics. "Value Added by The Pharmaceutical Industry in Singapore from 2015 to 2024 (in Billion Singapore Dollars)." Statista, Statista Inc., 21 Feb 2025, https://www.statista.com/statistics/1196337/singapore-value-added-by-pharmaceutical-industry/
Singapore Department of Statistics, Value added by the pharmaceutical industry in Singapore from 2015 to 2024 (in billion Singapore dollars) Statista, https://www.statista.com/statistics/1196337/singapore-value-added-by-pharmaceutical-industry/ (last visited June 09, 2025)
Value added by the pharmaceutical industry in Singapore from 2015 to 2024 (in billion Singapore dollars) [Graph], Singapore Department of Statistics, February 21, 2025. [Online]. Available: https://www.statista.com/statistics/1196337/singapore-value-added-by-pharmaceutical-industry/
