The economy of Singapore expanded a seasonally-adjusted annualized 3.0 percent quarter-on-quarter in the third quarter of 2018, well above the 1.0 percent final growth for the previous quarter but missing expectations of a 4.2 percent increase and well below the preliminary 4.7 percent print. It was the fastest expansion in four quarters, mainly nudged by a sharp rebound in construction (+5.1 percent vs -14.5 percent in Q2). Meantime, manufacturing expanded 3.0 percent (vs original 7.6 percent and vs 3.3 percent in Q2), whereas services grew 4.6 percent (vs original 6.3 percent and vs 0.3 percent in Q2). GDP Growth Rate in Singapore averaged 6.76 percent from 1975 until 2018, reaching an all time high of 36.60 percent in the first quarter of 2010 and a record low of -13.50 percent in the fourth quarter of 2008.

GDP Growth Rate in Singapore is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Singapore to stand at 4.70 in 12 months time. In the long-term, the Singapore GDP Growth Rate is projected to trend around 3.70 percent in 2020, according to our econometric models.

Singapore GDP Growth Rate
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-13 12:00 AM GDP Growth Rate QoQ Adv 1.0% 1.5% 1.2% 1.5%
2018-08-13 12:00 AM GDP Growth Rate QoQ Final 0.6% 2.2% 1.4% 1.1%
2018-10-12 12:00 AM GDP Growth Rate QoQ Adv 4.7% 0.6% 4.9% 2%
2018-11-22 12:00 AM GDP Growth Rate QoQ Final 3% 1.2% 4.2% 4.7%
2019-01-14 12:00 AM GDP Growth Rate QoQ Adv 2.40%
2019-02-14 12:00 AM GDP Growth Rate QoQ Final 2.40%
2019-04-13 12:00 AM GDP Growth Rate QoQ Adv 1.10%


Singapore GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.00 1.20 36.60 -13.50 percent [+]
GDP Annual Growth Rate 2.20 4.10 19.00 -8.80 percent [+]
GDP 323.91 309.76 323.91 0.70 USD Billion [+]
GDP Constant Prices 109376.30 108573.60 109376.30 7052.30 SGD Million [+]
Gross National Product 431376.50 405836.50 431376.50 2195.90 SGD Million [+]
Gross Fixed Capital Formation 25951.50 28120.70 28684.50 1874.00 SGD Million [+]
GDP per capita 55235.51 53353.80 55235.51 3389.60 USD [+]
GDP per capita PPP 85535.38 82621.50 85535.38 34344.70 USD [+]
GDP From Construction 4385.30 4331.60 5145.80 508.90 SGD Million [+]
GDP From Manufacturing 21607.50 21446.60 21607.50 1303.30 SGD Million [+]
GDP From Mining 73110.10 72285.60 73110.10 4133.60 SGD Million [+]
GDP From Services 19863.70 19684.20 20107.10 1333.10 SGD Million [+]
GDP From Transport 8328.10 8150.70 8328.10 543.10 SGD Million [+]
GDP From Utilities 1341.30 1358.40 1364.30 130.20 SGD Million [+]


Singapore GDP Growth Rate

Since gaining independence in 1963, Singaporean economy has been growing rapidly and as a result the country has now one of the highest GDP per capita in the world. The economy depends heavily on foreign trade; both from port activities and from exports of electronic components and refined oil. The country is a leading foreign direct investment recipient due to its status of one of the freest, most competitive and most business-friendly economies in the world. Singapore is also an important financial center. This page provides - Singapore GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 1.20 36.60 -13.50 1975 - 2018 percent Quarterly
SA




Country Last Previous
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
Singapore 3.00 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
France 0.40 Sep/18
Australia 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Turkey -1.10 Sep/18
Argentina -4.00 Jun/18


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