Value added by the pharmaceutical industry Singapore 2014-2023
In 2023, the pharmaceutical industry in Singapore contributed about 9.4 billion Singapore dollars to the GDP, indicating an increase 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.