Singapore’s economy expanded 7.6 percent in 2021, rebounding from a 4.1 percent contraction in 2020. For 2022, the government forecast growth to come in at 3%-5%. source: Statistics Singapore
Full Year GDP Growth in Singapore averaged 7.05 percent from 1961 until 2021, reaching an all time high of 14.52 percent in 2010 and a record low of -4.14 percent in 2020. This page includes a chart with historical data for Singapore Full Year GDP Growth. Singapore Full Year GDP Growth - values, historical data and charts - was last updated on October of 2022.
Full Year GDP Growth in Singapore is expected to reach 3.90 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Full Year GDP Growth is projected to trend around 2.70 percent in 2023 and 2.50 percent in 2024, according to our econometric models.