The Gross Domestic Product (GDP) in Singapore expanded 2.40 percent in the third quarter of 2025 over the previous quarter. This dataset provides - Singapore GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Singapore recorded a real gross domestic product (GDP) growth rate of around 4.4 percent in 2024 compared to the previous year. While up from the previous year, this number is expected to decline in 2025, settling around 2.5 percent in the future. What is GDP? GDP is a measure of a country’s income, and most economists agree that slow but steady GDP growth is best for a developed economy. GDP measures the total value of all goods and services produced within a country during a certain time period. With the highest GDP per capita in ASEAN, Singapore certainly qualifies as developed, meaning that it should target GDP growth around 2 to 3 percent. Singapore’s context Singapore is a small, open economy. As such, it has little influence on, and high exposure to, international trends. For example, a shift in the exchange rate with a major trading partner can have significant effects on the economy. For Singapore, who relies heavily on exports, these kinds of shocks can affect the entire economy. For example, a weaker Singapore dollar would increase GDP by raising net exports, but this would also lead to higher inflation. As a result, policymakers in Singapore have to follow many factors if they want to continue enjoying healthy GDP growth.

The gross domestic product (GDP) in current prices in Singapore stood at 547.39 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by 535.31 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by 173.93 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The Gross Domestic Product (GDP) in Singapore was worth 547.39 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Singapore represents 0.52 percent of the world economy. This dataset provides the latest reported value for - Singapore GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Singapore MTI Forecast: GDP: YoY: Maximum data was reported at 3.500 % in 2019. This stayed constant from the previous number of 3.500 % for 2018. Singapore MTI Forecast: GDP: YoY: Maximum data is updated yearly, averaging 3.500 % from Dec 2006 (Median) to 2019, with 14 observations. The data reached an all-time high of 8.000 % in 2007 and a record low of -6.000 % in 2009. Singapore MTI Forecast: GDP: YoY: Maximum data remains active status in CEIC and is reported by Ministry of Trade and Industry. The data is categorized under Global Database’s Singapore – Table SG.A004: GDP: Forecast: Ministry of Trade and Industry.

Singapore MTI Forecast: GDP: YoY: Minimum data was reported at 1.500 % in 2019. This records a decrease from the previous number of 3.000 % for 2018. Singapore MTI Forecast: GDP: YoY: Minimum data is updated yearly, averaging 3.000 % from Dec 2006 (Median) to 2019, with 14 observations. The data reached an all-time high of 7.000 % in 2007 and a record low of -9.000 % in 2009. Singapore MTI Forecast: GDP: YoY: Minimum data remains active status in CEIC and is reported by Ministry of Trade and Industry. The data is categorized under Global Database’s Singapore – Table SG.A004: GDP: Forecast: Ministry of Trade and Industry.

Monthly and long-term Singapore economic indicators data: historical series and analyst forecasts curated by FocusEconomics.

Singapore MAS Forecast: Minimum: GDP: YoY: Construction data was reported at -9.300 % in Sep 2018. This records a decrease from the previous number of -6.600 % for Jun 2018. Singapore MAS Forecast: Minimum: GDP: YoY: Construction data is updated quarterly, averaging -0.700 % from Dec 2000 (Median) to Sep 2018, with 72 observations. The data reached an all-time high of 12.500 % in Dec 2007 and a record low of -15.000 % in Dec 2002. Singapore MAS Forecast: Minimum: GDP: YoY: Construction data remains active status in CEIC and is reported by Monetary Authority of Singapore. The data is categorized under Global Database’s Singapore – Table SG.A051: GDP by Industry: Forecast: Monetary Authority of Singapore: Survey of Professional Forecasters.

In the fourth quarter of 2024, Singapore's gross domestic product (GDP) grew by *** percent compared to the previous quarter. In the previous quarter, the GDP grew by *** percent.

GDP Growth Annualized in Singapore increased to 5.80 percent in the second quarter of 2025 from -1.90 percent in the first quarter of 2025. This dataset provides - Singapore Gdp Growth Annualized- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Economic growth, quarterly in Singapore, September, 2025 The most recent value is 2.4 percent as of Q3 2025, an increase compared to the previous value of 1.7 percent. Historically, the average for Singapore from Q2 1975 to Q3 2025 is 1.51 percent. The minimum of -12.1 percent was recorded in Q2 2020, while the maximum of 9.1 percent was reached in Q3 2020. | TheGlobalEconomy.com

Monthly and long-term Singapore GDP Per Capita data: historical series and analyst forecasts curated by FocusEconomics.

Singapore SG: GDP: Growth: Gross Value Added: Industry data was reported at 5.744 % in 2017. This records an increase from the previous number of 3.224 % for 2016. Singapore SG: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 8.059 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 23.910 % in 2010 and a record low of -9.969 % in 1985. Singapore SG: GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

GDP from Manufacturing in Singapore decreased to 28694.90 SGD Million in the second quarter of 2025 from 28823.10 SGD Million in the first quarter of 2025. This dataset provides - Singapore Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the finance and insurance sector in Singapore posted the largest growth rate out of all economic sectors in the country, at 5.4 percent. Overall, Singapore's GDP grew by 2.2 percent in that year.

Forecast: Contribution to GDP of Manufacturing in Singapore 2024 - 2028 Discover more data with ReportLinker!

Historical dataset showing Singapore gdp growth rate by year from 1961 to 2023.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_a5ff719648a0e6d4b4c623ee383ab686/view

Key information about Singapore Nominal GDP Growth

• Singapore Nominal GDP Growth was reported at 3.395 % in Sep 2025.
• This records an increase from the previous number of 2.640 % for Jun 2025.
• Singapore Nominal GDP Growth data is updated quarterly, averaging 0.000 % from Mar 1976 to Sep 2025, with 199 observations.
• Singapore Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

Forecast: Contribution to GDP of Construction in Singapore 2024 - 2028 Discover more data with ReportLinker!