Singapore GDP Annual Growth Rate 1976-2018 | Data | Chart | Calendar

The economy of Singapore expanded 4.4 percent year-on-year in the first quarter of 2018, according to final data, gaining steam from a 3.6 percent climb and surpassing consensus expectations and the advanced estimate of 4.3 percent. It was the fastest growth rate in sixteen quarters. Manufacturing and wholesale & retail trade grew faster while construction continued to contract. On a quarterly basis, the economy expanded 1.7 percent. GDP Annual Growth Rate in Singapore averaged 6.67 percent from 1976 until 2018, reaching an all time high of 19 percent in the second quarter of 2010 and a record low of -8.80 percent in the first quarter of 2009.

1Y 5Y 10Y MAX

Export Data API Access

width

height

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Learn More Register Login

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Learn More Interested? Click here to contact us

Singapore GDP Growth Revised Higher to 4.4% in Q1

The economy of Singapore expanded 4.4 percent year-on-year in the first quarter of 2018, according to final data, gaining steam from a 3.6 percent climb in the previous period and surpassing expectations and the advanced estimate of 4.3 percent. It was the fastest growth rate in sixteen quarters.

Within the goods producing industries, manufacturing output grew at a much faster pace of 9.8 percent (vs 10.1 percent in advanced data), following a 4.8 percent jump in the fourth quarter of 2017, with all the clusters expanding in Q1, led by electronics and precision engineering and contributing the most to the sector’s growth. On the other hand, construction output shrank by 5.0 percent after a 5.0 percent contraction in the previous quarters (and vs a 4.4 percent fall in advanced estimate), explained by weakness in both private and public construction works.

The services producing industries also gained steam, expanding 4.1 percent in the first quarter after growing by 3.5 percent in the previous three months and above 3.8 percent in the preliminary figures. Growth was mainly supported by finance & insurance (9.1 percent vs 6.3 percent in Q4) and information & communications (5.7 percent vs 6 percent in Q4).

On a quarter-on-quarter seasonally-adjusted annualized basis, the GDP rose by 1.7 percent, below the 2.1 percent expansion and compared to 1.4 percent in advanced data.

The Ministry of Trade and Industry expects GDP growth for 2018 between 2.5 to 3.5 percent.

Mario | mario@tradingeconomics.com
5/24/2018 4:02:41 PM

Recent Releases

Singapore GDP Growth Climbs to 4.3% in Q1
The economy of Singapore expanded 4.3 percent year-on-year in the first quarter of 2018, according to advanced data, gaining steam from a 3.6 percent climb and matching consensus expectations. It was the second fastest growth rate in thirteen quarters. Manufacturing and wholesale & retail trade grew faster while construction continued to contract.
Published on 2018-04-13

Singapore Q4 GDP Growth Eases to 3.6%
The economy of Singapore expanded 3.6 percent year-on-year in the fourth quarter of 2017, slowing down from a 4-year high of 5.5 percent in the previous period but above the preliminary estimate of 3.1 percent. Manufacturing and wholesale & retail trade growth eased while construction continued to contract.
Published on 2018-02-14

Singapore GDP Annual Growth Beats Forecasts in Q4
The economy of Singapore expanded 3.1 percent year-on-year in the last three months of 2017, below an upwardly revised 5.4 percent rise in the previous quarter which was the highest growth rate in nearly four years. Figures came above market expectations of 2.7 percent, according to advance estimates. Considering full 2017, the GDP advanced 3.5 percent, higher than 2 percent in 2016 and the fastest expansion since 2014.
Published on 2018-01-02

Singapore GDP Growth Revised Up in Q3
The Singaporean economy grew 5.2 percent year-on-year in the third quarter of 2017, higher than an initial estimate of 4.6 percent and 2.9 percent in the prior quarter. It is the biggest expansion since the last quarter of 2013, led by a sharp acceleration in manufacturing.
Published on 2017-11-23

Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-02-14	12:00 AM	GDP Growth Rate YoY Final	3.6%	5.5%	3.1%	3.1%
2018-04-13	12:00 AM	GDP Growth Rate YoY Adv	4.3%	3.6%	4.3%	4.1%
2018-05-24	12:00 AM	GDP Growth Rate YoY Final	4.4%	3.6%	4.3%	3.9%
2018-07-13	12:00 AM	GDP Growth Rate YoY Adv		4.4%		3.7%
2018-08-10	12:00 AM	GDP Growth Rate YoY Final		4.4%
2018-10-12	12:00 AM	GDP Growth Rate YoY Adv				2.2%

Singapore GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	1.70	2.10	36.60	-13.50	percent	[+]
GDP Annual Growth Rate	4.40	3.60	19.00	-8.80	percent	[+]
GDP	296.98	296.84	308.14	0.70	USD Billion	[+]
GDP Constant Prices	108120.00	107657.70	108120.00	7052.30	SGD Million	[+]
Gross National Product	431376.50	405836.50	431376.50	2195.90	SGD Million	[+]
Gross Fixed Capital Formation	26138.90	28242.70	28684.50	1874.00	SGD Million	[+]
GDP per capita	52600.60	52244.60	52600.60	3389.60	USD	[+]
GDP per capita PPP	81443.40	80892.10	81443.40	34339.70	USD	[+]
GDP From Construction	4507.10	4488.20	4847.60	508.90	SGD Million	[+]
GDP From Manufacturing	21085.30	20059.10	21085.30	1303.30	SGD Million	[+]
GDP From Mining	72280.80	72486.50	72486.50	4133.60	SGD Million	[+]
GDP From Services	19518.70	20107.10	20107.10	1333.10	SGD Million	[+]
GDP From Transport	8214.20	8297.20	8297.20	543.10	SGD Million	[+]
GDP From Utilities	1344.70	1358.60	1364.60	130.20	SGD Million	[+]

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. This page provides - Singapore GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.40	3.60	19.00	-8.80	1976 - 2018	percent	Quarterly

Export Data API

GDP annual growth rate by Country

Country	Last		Previous	Highest	Lowest
India	7.70	Mar/18	7	11.4	-5.2	%	Quarterly
Turkey	7.40	Mar/18	7.3	11.7	-14.4	%	Quarterly
China	6.80	Mar/18	6.8	15.4	3.8	%	Quarterly
Indonesia	5.06	Mar/18	5.19	7.16	1.56	%	Quarterly
Australia	3.10	Mar/18	2.4	9	-3.4	%	Quarterly
Spain	3.00	Mar/18	3.1	5.6	-4.3	%	Quarterly
Netherlands	2.80	Mar/18	2.9	6.1	-4.9	%	Quarterly
South Korea	2.80	Mar/18	2.8	19.6	-7.4	%	Quarterly
United States	2.80	Mar/18	2.6	13.4	-4.1	%	Quarterly
Euro Area	2.50	Mar/18	2.8	5	-5.5	%	Quarterly
Canada	2.30	Mar/18	3	9.3	-4.1	%	Quarterly
Germany	2.30	Mar/18	2.9	7.2	-6.8	%	Quarterly
France	2.20	Mar/18	2.8	12.5	-3.8	%	Quarterly
Switzerland	2.20	Mar/18	1.9	5.8	-3.4	%	Quarterly
Italy	1.40	Mar/18	1.6	10.3	-7.2	%	Quarterly
Mexico	1.30	Mar/18	1.5	9	-9.1	%	Quarterly
Russia	1.30	Mar/18	0.9	12.1	-11.2	%	Quarterly
Brazil	1.20	Mar/18	2.1	10.1	-5.6	%	Quarterly
United Kingdom	1.20	Mar/18	1.4	9.7	-5.9	%	Quarterly
Japan	1.10	Mar/18	1.9	9.4	-8.8	%	Quarterly