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Industry Snapshot

Provides an overview of the retail sector and how it contributes to Singapore’s Gross Domestic Product (GDP).


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Published by Enterprise Singapore
on 01 Apr 2018

The retail sector contributed S$42.5B of operating receipts in 2013.

Facts & Figures (2013)

Total Number of Establishments

▲ 21,534

Operating Receipts

▲ S$42.5B

Operating Expenditure

▲ S$40.6B

Operating Surplus

▼ S$2.4B

Value Added

▲ S$6.2B

Profitability Ratio

▼ 5.7%

 ▼ decrease from previous year  ▲ increase from previous year 

Source: Singapore Department of Statistics (SingStat)

Main Retail Trade Sub-Sectors

Retailers of Personal Goods contributed the largest amount to the total operating receipts of the industry, accounting for 31.4% in 2013.

The sub-sector also recorded a 6.6% growth in value added in 2013 over 2012.

Main Retail Trade Sub-Sectors

No. Of Establishments

Operating Receipts (S$)

Value Added (S$)

Personal Goods

8,975

13.4B

2.4B

General Merchandise

3,320

11.7B

1.4B

Household Equipment

3,166

6.7B

863M

Transport Equipment

1,452

8.1B

1.0B

Other Retail Trade

4,622

2.7B

521M

Source: Singapore Department of Statistics (SingStat)

Business Costs

Retail establishments spent the most on purchases of goods for sale, followed by rental expenditure and employees’ remuneration.

Type Of Cost

% Of Cost (2013)

Purchases of Goods & Materials

74.4%

Renting of Premises

9.1%

Remuneration of Employees

8.8%

Depreciation

1.2%

Othes (Advertisements, Utilities, Admin & Management Fees, among others)

6.5%

Source: Singapore Department of Statistics (SingStat) 

Size Of Establishments

In 2013, there were about 21,500 establishments in the retail trade industry, an increase of 1.3% over 2012.

Size Of 

Operating Receipts

No. Of

Establishments

Operating Receipts 

(S$)

Value Added

(S$)

Less than S$1,000,000

16,705

5.6B

1.2B

S$1,000,000 – S$9,999,999

4,099

12.0B

1.9B

S$10,000,000 - $99,999,999

693

16.5B

2.2B

S$100,000,000 & Above

37

8.4B

916M

Source: Singapore Department of Statistics (SingStat)

For More Information

Services Survey Series 2013: Retail Trade
Singapore Department of Statistics (SingStat)

Last Modified Date: 09 Jan 2020