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Singapore invested $20.3 billion in travel and tourism capital expenditure in 2024 — 17.2% of total national capex. WTTC EIR 2025 classifies the demand momentum as steady, with the sector ranked 12th among 42 panel economies and a ten-year forecast share of GDP at 10.5% in 2035.
Hero metric
$20.3 billion tourism capex (2024)
Source
WTTC EIR 2025
Last updated
2026-05-12
KEY FIGURES
T&T capex (2024)
$20.3 billion
Share of total national capex
17.2%
Capex rank
12th of 42
Demand momentum
Steady
GDP share forecast (2035)
10.5%
Tourism YoY growth (2024)
10.4%
Key figures
TOURISM GDP SHARE — 5-YEAR TREND
Singapore's $20.3 billion 2024 tourism capex represents 17.2% of national capital formation. WTTC's forward outlook for Singapore carries a steady demand-momentum label, the agency's most actionable forward signal.
FREQUENTLY ASKED QUESTIONS
WTTC EIR 2025 classifies Singapore's tourism momentum as steady. The sector accounts for 17.2% of national capex and ranks 12th of 42 panel economies.
$20.3 billion of capital expenditure flowed into Singapore's travel and tourism sector in 2024 (WTTC EIR 2025).
WTTC projects Singapore's tourism share of GDP to reach 10.5% by 2035, up from 10.1% in 2024.
Tourism GDP grew 10.4% year-over-year in 2024 in Singapore, and demand momentum is rated steady by WTTC EIR 2025.
Singapore ranks 12th of 42 economies on tourism capex share. Combined with a 10.1% GDP share and steady momentum, it offers a mature, defensive allocation in the global tourism asset class.
METHODOLOGY & SOURCE
Every numeric claim on this page is sourced from WTTC EIR 2025 (WTTC EIR 2025 — Singapore, p. 1). Last accessed 2026-05-11. No figures are estimated, modelled, or AI-generated — DataGreat's narrator is locked to WTTC values verbatim.
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