Singapore’s economy expanded 5% in 2025, easing from 5.3% growth in 2024 but exceeding the Ministry of Trade and Industry’s advance estimate of 4.8%. The MTI also upgraded its 2026 growth forecast to 2%-4% from 1%-3%, citing greater resilience in the global economy. The trade ministry said a sustained artificial intelligence boom, expansionary fiscal policies in major economies and accommodative global financial conditions are expected to underpin global growth this year. In the fourth quarter of 2025, GDP rose 6.9% year-on-year, accelerating from 4.6% in the previous quarter and topping the advance estimate of 5.7%. That marked the strongest pace of expansion since Q4 2021. Full-year growth in 2025 was driven primarily by manufacturing, wholesale trade and finance and insurance, with robust AI-related electronics demand providing a key lift to activity. source: Statistics Singapore

The Gross Domestic Product (GDP) in Singapore expanded 6.90 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Singapore averaged 6.17 percent from 1976 until 2025, reaching an all time high of 18.60 percent in the second quarter of 2010 and a record low of -11.90 percent in the second quarter of 2020. This page provides - Singapore GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

The Gross Domestic Product (GDP) in Singapore expanded 6.90 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Singapore is expected to be 5.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore GDP Annual Growth Rate is projected to trend around 4.20 percent in 2027 and 4.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-02 12:30 AM
YoY Adv
Q4 5.7% 4.3% 4.1%
2026-02-10 12:00 AM
YoY Final
Q4 6.9% 4.6% 5.7% 5.7%
2026-04-14 12:00 AM
YoY Adv
Q1 5.4%


Related Last Previous Unit Reference
Full Year GDP Growth 5.00 5.30 percent Dec 2025
GDP Growth Rate YoY 6.90 4.30 percent Dec 2025
GDP Constant Prices 151646.50 148829.80 SGD Million Dec 2025
GDP from Construction 5306.80 5325.70 SGD Million Dec 2025
GDP from Manufacturing 34792.70 31875.80 SGD Million Dec 2025
GDP from Services 21753.60 22054.60 SGD Million Sep 2025
GDP from Transport 9267.00 9250.20 SGD Million Sep 2025
GDP from Utilities 1619.90 1601.30 SGD Million Sep 2025
GDP Growth Annualized 9.80 7.10 percent Sep 2025
GDP Growth Rate 1.90 2.40 percent Dec 2025
Gross Fixed Capital Formation 35792.00 34758.70 SGD Million Sep 2025
Gross National Product 731436.10 678687.50 SGD Million Dec 2024


Singapore GDP Annual Growth Rate
In Singapore, services are the biggest sector of the economy and account for 72 percent of GDP. Within services the most important segments are: wholesale and retail trade (18 percent of total GDP); business services (16 percent); finance and insurance (13 percent), transport and storage (10 percent) and information and communications (5 percent). Industry contributes the remaining 28 percent total output. Manufacturing (21 percent) and construction (5 percent) are the most important industry segments.
Actual Previous Highest Lowest Dates Unit Frequency
6.90 4.30 18.60 -11.90 1976 - 2025 percent Quarterly
NSA

News Stream
Singapore Economy Grows 5% in 2025, Upgrades 2026
Singapore’s economy expanded 5% in 2025, easing from 5.3% growth in 2024 but exceeding the Ministry of Trade and Industry’s advance estimate of 4.8%. The MTI also upgraded its 2026 growth forecast to 2%-4% from 1%-3%, citing greater resilience in the global economy. The trade ministry said a sustained artificial intelligence boom, expansionary fiscal policies in major economies and accommodative global financial conditions are expected to underpin global growth this year. In the fourth quarter of 2025, GDP rose 6.9% year-on-year, accelerating from 4.6% in the previous quarter and topping the advance estimate of 5.7%. That marked the strongest pace of expansion since Q4 2021. Full-year growth in 2025 was driven primarily by manufacturing, wholesale trade and finance and insurance, with robust AI-related electronics demand providing a key lift to activity.
2026-02-10
Singapore Q4 GDP Growth Strongest in 5 Quarters
Singapore’s economy expanded 5.7% year-on-year in Q4 2025, up from an upwardly revised 4.3% in Q3, marking the strongest growth since the third quarter of 2024, preliminary data showed. The acceleration in growth was mainly supported by the manufacturing sector, which surged 15% year-on-year, accelerating sharply from 4.9% in Q3, driven by output expansions in the biomedical manufacturing and electronics clusters. Meanwhile, construction sector growth eased to 4.2% from 5.1%. Among the services sectors, wholesale and retail trade and transportation and storage advanced 3.9%, following a 3.7% expansion in Q3. On a quarterly basis, the economy grew 1.9%, after a 2.4% expansion in the previous quarter. For the full year, GDP advanced 4.8%, accelerating from 4.4% growth in 2024. The latest data release did not include any forecasts for 2026. The ministry had previously forecast 2026 GDP growth at 1.0% to 3.0%.
2026-01-02
Singapore Revises Up Q3 GDP Growth, Raises 2025 Outlook
Singapore’s economy expanded 4.2% year-on-year in Q3 2025, down from an upwardly revised 4.7% in Q2. The latest print was above the flash estimate of 2.9%, mainly supported by growth in the manufacturing, wholesale trade, and finance & insurance sectors. The manufacturing sector grew 5.0% (vs 5.1%), mainly supported by electronics, transport engineering, and biomedical manufacturing clusters. Meanwhile, growth in the construction sector (3.6% vs 6.2%) and wholesale trade (3.9% vs 6.9%) all moderated. By contrast, retail trade (2.5% vs 0.6%) and accommodation (4.9% vs 2.1%) both accelerated. The finance & insurance sectors advanced 4.6%, accelerating from 4.2% in Q2, driven mainly by the banking and other auxiliary activities segments. For the first three quarters of 2025, Singapore’s GDP growth averaged 4.3% yoy. Meanwhile, the trade ministry raised its 2025 growth forecast to around 4%, up from the earlier projection of 1.5%–2.5%, following better-than-expected Q3 figures.
2025-11-21