God of StartupsGod of Startups

From first idea to product-market fit. Self-incubation at your own pace, run by 100+ AI agents.

Singapore ecommerce

20 verified facts tracked for this market — each with its source, reporting period and evidence tier. Tier 1 = primary institutions (central banks, statistical offices); tier 2 = disclosed industry panels.

MetricValueGeoPeriodTierSource
Online retail sales as share of total retail sales, Singapore15.4percent of total retail sales valueSGApril 2026 (down from 15.6% in March 2026)T1singstat.gov.sg
Venture funding raised by Singapore-based firms5.9SGD billionSG2025T1enterprisesg.gov.sg
AI startups share of Singapore venture deal volume42.8percentSG2025T1enterprisesg.gov.sg
Gross National Income per capita, PPP, by country, World Bank126630current international $SG2024T1data.worldbank.org
Internet usage among Singapore residents aged 60 and over77.28%SG2024T1tablebuilder.singstat.gov.sg
Internet users by country, World Bank (individuals using the Internet, % of population)94.4% of populationSG2024T1data.worldbank.org
New retail trade business entities formed, Singapore, Annual Business Formation Statistics6145 (2023) -> 7701 (2025)count of new business entities formedSG2023-2025T1tablebuilder.singstat.gov.sg
Average monthly household online (e-commerce) expenditure, Singapore, Household Expenditure Survey707SGD/monthSG2023 (up from SGD 244 in 2017/18)T1singstat.gov.sg
Made a cash payment upon delivery for an online purchase, Singapore, World Bank Global Findex1.51% of population age 15+SG2021T1data.worldbank.org
Used mobile phone or internet to buy online, young adults 15-24, Singapore, World Bank Global Findex69.1359654617998% of population age 15-24SG2021T1data.worldbank.org
Adults who used a mobile phone or the internet to buy something online, by country, World Bank Global Findex58.4% of population age 15+SG2021T1data.worldbank.org
Made a digital online merchant payment for an online purchase, Singapore, World Bank Global Findex56.62% of population age 15+SG2021T1data.worldbank.org
Adults who used a mobile phone or the internet to buy something online, by income group (poorest 40% vs richest 60%), Wo49.3% of population age 15+SG2021T1data.worldbank.org
E-commerce revenue, Computer & Telecommunications Equipment retail category, Singapore, Annual Services Statistics704 (2019) -> 1810 (2023)SGD million e-commerce revenueSG2019-2023T1tablebuilder.singstat.gov.sg
Singapore residents aged 18+ who made an online purchase in the past year (SingStat/IMDA household survey)50.45 (2017) -> 70.58 (2024)% of residents aged 18+SG2017-2024T1tablebuilder.singstat.gov.sg
E-commerce revenue, Retail Trade sector (SSIC 47), Singapore, Annual Services Statistics1813 (2016) -> 6972 (2023)SGD million e-commerce revenueSG2016-2023T1tablebuilder.singstat.gov.sg
Business-to-consumer e-commerce revenue, total services sector, Singapore19693SGD millionSG2016T1tablebuilder.singstat.gov.sg
Individuals using the Internet, Singapore, World Bank (ITU World Telecommunication/ICT Development Report & database)79.03 (2014) -> 94.38 (2024)% of populationSG2014-2024T1data.worldbank.org
World Bank Logistics Performance Index (Overall score), by Southeast Asia country4.3index score 1SGT1data.worldbank.org
B2B SaaS revenue growth rate, quarterly compound annual growth rate (CAGR), Paddle/ProfitWell Subscription Index5.1% CAGR B2B revenue growth in Q2 2025GLOBALQ2 2025T2paddle.com

Connected markets

Same vertical, other geographies

Same geography, other verticals

Related benchmarks

How big is a typical seed or Series A round, and how many startups make it to the next one?

Startup Round Sizes by Stage 2026: Seed and Series A Medians by Ecosystem

Building in this market?

Validate your idea against this data inside God of Startups. Your idea is checked against the market, never shared with it.

Activate God Mode