SINGAPORE

SERVICES SECTOR *
2018

THE FULLERTONHOTEL

Accommodation & Food Services

Information & Communications 13,157
14,106

6.5%
Transport & 7.0%
Storage Services Wholesale &
Retail Trade
12,865 6.4% 77,117
38.2%

TOTAL
ESTABLISHMENTS
Recreation,
Community &
Personal Services
17.3%
201,625
34,939

24.5%

Business Services
49,441
*
 TOTAL
OPERATING RECEIPTS S$3,644.9Bil

1
TOTAL OPERATING RECEIPTS AND THEIR CAGR , 2013 AND 2018 CAGR1
5.5%

TOTAL
2018

S$3,644.9Bil
TOTAL
2013

S$2,795.2Bil

CAGR
2018 S$ 3,195.3 Bil
Wholesale &
5.3%
Retail Trade
2013 S$ 2,464.4 Bil

2018 S$ 143.9 Bil

Business
2.2%
Services
2013 S$ 129.0 Bil

2018 S$ 153.9 Bil

Transport & 8.0%
Storage Services
2013 S$ 104.7 Bil

2018 S$ 89.7 Bil

Information &
13.4%
Communications 2013 S$ 47.9 Bil

2018 S$ 43.9 Bil

Recreation,
Community & 5.7%
Personal Services 2013 S$ 33.3 Bil

2018 S$ 18.2 Bil

Accommodation &
2.8%
Food Services
2013 S$ 15.8 Bil

FASTEST GROWING INDUSTRY

1
in terms of CAGR of operating receipts between 2013 & 2018

Information &
Communications

1
Refers to Compound Annual Growth Rate.
 TOTAL
VALUE ADDED S$245.3Bil

Recreation, 12.6%
Community &
Personal Services Wholesale &
Retail Trade
S$ 30.8 Bil 35.9%
S$88.1 Bil

Business Services 28.3% Transport &

Storage Services
S$ 69.4 Bil
S$29.0 Bil
11.8%

8.2%
3.3%

Accommodation &
Information & Food Services
Communications
S$ 8.0 Bil
S$ 20.0Bil

TOTAL
OPERATING SURPLUS S$ 128.2 Bil

46.0% 11.9% 2.2%

Wholesale & Transport & Accommodation &
Retail Trade Storage Services Food Services
S$ 59.0Bil S$ 15.2 Bil S$ 2.8 Bil

6.1% 28.0% 5.8%

Information & Business Services Recreation,
Communications Community &
S$ 35.9 Bil
Personal Services
S$ 7.9 Bil
S$ 7.4 Bil
 Freight &
Transport Charges
20.7%

20.7%
Remuneration Subcontract Charges/
6.6%
TOTAL Work Given Out

BUSINESS 6.2%
COSTS2
Purchases of
5.9% Goods & Materials

OTHERS
39.9%
Administrative &
Others Management Fees

THE TOP 3 BUSINESS COSTS2

accounted for close to half of total business costs2

1 2 3

Remuneration Freight & Subcontract Charges/

Transport Charges Work Given Out

SHARE OF TOP 3 BUSINESS COSTS 2

BY INDUSTRY

24.9% 21.2% 7.0% TOTAL

53.1%
Wholesale &
Retail Trade 2

53.4% 13.7% 9.0% TOTAL

76.1%
Transport &
Storage Services

30.5% 25.4% 15.3% TOTAL

71.2%
Accommodation &
Food Services

17.0% 16.3% 14.2% TOTAL

47.5%

Information &
Communications

26.6% 15.3% 10.3% TOTAL

52.2%
Business Services

48.6% 10.3% 7.8% TOTAL

66.7%
Recreation,
Community &
Personal Services
0 10 20 30 40 50 60 70 80

LEGEND
Freight & Purchases of
Remuneration
Transport Charges Goods & Materials

Administrative & Subcontract Charges /

Depreciation
Management Fee Work Given Out

Other Premises Fuel Royalties

2
Exclude purchases of goods & materials for Wholesale & Retail Trade.

1
Exclude purchases of goods & materials for Wholesale & Retail Trade
 PROFITABILITY RATIO 3

2013 AND 2018

3.5%

2018
S$
S$

Total Services Industry

3.7%

2013
-0.2%

+2.1%

25.0%
25
22.9%
-1.9%

20 18.8% -0.1%
16.9%
-5.3%
15.4% 15.3%
-1.6% 14.0%
15
11.5%
9.9%
10 8.8%

0.0%
5
1.9% 1.8%

2013 2018 2013 2018 2013 2018 2013 2018 2013 2018 2013 2018

Wholesale & Business Services Recreation, Transport & Information & Accommodation &
Retail Trade Community & Storage Services Communications Food Services
Personal Services

Note: Numbers may not add up to the totals due to rounding.

Updated in February 2020.

For more information, please refer to the resources at

https://www.singstat.gov.sg/find-data/search-by-theme/industry/services/publications-and-methodology#
services-sector-performance