The Gross Domestic Product (GDP) in Singapore expanded 0.10 percent in the fourth quarter of 2019 over the previous quarter.

GDP Growth Rate in Singapore averaged 6.54 percent from 1975 until 2019, reaching an all time high of 27.20 percent in the second quarter of 2010 and a record low of -10.90 percent in the third quarter of 2010. This page provides - Singapore GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Singapore

GDP Growth Rate in Singapore is expected to be 0.50 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 1.70 in 12 months time. In the long-term, the Singapore GDP Growth Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

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Singapore GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.10 2.40 27.20 -10.90 1975 - 2019 percent Quarterly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-08-13 12:00 AM GDP Growth Rate QoQ Final Q2 -3.3% 3.8% -2.9% -3.4%
2019-10-14 12:00 AM GDP Growth Rate QoQ Adv Q3 0.6% -2.7% 1.5% 1.7%
2019-11-21 12:00 AM GDP Growth Rate QoQ Final Q3 2.1% -2.7% 2.1% 0.6%
2020-01-02 12:00 AM GDP Growth Rate QoQ Adv Q4 0.1% 2.4% 0.4% 0.7%
2020-02-25 12:00 AM GDP Growth Rate QoQ Final Q4 2.4% 0.1%


News Stream
2019-05-21
Singapore GDP Growth at 3.8% QoQ, Beats Expectations
The economy of Singapore grew 3.8 percent on a quarter-on-quarter seasonally-adjusted annualised basis in the three months to March 2019, rebounding from a 0.8 percent contraction in the previous period and beating market consensus of 2.3 percent, final data showed. Growth was led by construction and services.

2019-04-12
Singapore GDP Grows 2% QoQ, Beats Expectations
The economy of Singapore grew 2.0 percent on a quarter-on-quarter seasonally-adjusted annualised basis in the three months to March 2019, gaining steam from an unchanged 1.4 percent expansion in the previous period and beating market consensus of 1.2 percent, advanced data showed. Growth was led by construction, up 7.8 percent from 5.1 percent in the previous three months and by services, up 4.8 percent from 2.8 percent. In contrast, manufacturing shrank a sharp 12.0 percent.

2019-02-15
Singapore Quarterly GDP Growth at 1.4% QoQ
The economy of Singapore grew 1.4 percent on a quarter-on-quarter seasonally-adjusted annualised basis in the three months to December 2018 (vs preliminary 1.6 percent), matching a downwardly revised percent growth in the previous period and missing market consensus of 1.6 percent, final data showed. Output growth eased for services producing industries and construction, while manufacturing shrank 2.7 percent.


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.

Singapore GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 2.40 27.20 -10.90 percent [+]
GDP Annual Growth Rate 0.80 0.70 18.60 -7.70 percent [+]
GDP 364.16 338.41 364.16 0.70 USD Billion [+]
GDP Constant Prices 117422.20 116819.30 117618.40 7558.30 SGD Million [+]
Gross National Product 454012.90 431376.50 454012.90 2195.90 SGD Million [+]
Gross Fixed Capital Formation 29904.90 30277.40 31280.40 1971.60 SGD Million [+]
GDP per capita 58247.90 56740.80 58247.90 3503.40 USD [+]
GDP per capita PPP 90091.40 87760.40 90091.40 34911.70 USD [+]
GDP From Construction 4402.30 4403.70 5291.00 543.20 SGD Million [+]
GDP From Manufacturing 23237.90 22817.40 23657.30 1432.90 SGD Million [+]
GDP From Mining 75797.00 75715.40 75978.00 4246.90 SGD Million [+]
GDP From Services 16226.60 16345.70 17145.80 1105.30 SGD Million [+]
GDP From Transport 8099.20 8203.10 8203.10 538.40 SGD Million [+]
GDP From Utilities 1481.30 1474.40 1497.20 140.70 SGD Million [+]