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

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. GDP Annual Growth Rate in Singapore averaged 6.68 percent from 1976 until 2017, 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.

Singapore GDP Annual Growth Rate
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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.

Within the goods producing industries, manufacturing output grew at a much faster pace of 10.1 percent, 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 4.4 percent after a 5.0 percent contraction in the previous quarters, explained by weakness in both private and public construction works.

The services producing industries also gained steam, expanding 3.8 percent in the first quarter after growing by 3.5 percent in the previous three months. Growth was mainly supported by wholesale & retail trade and finance & insurance.

On a quarter-on-quarter seasonally-adjusted annualized basis, the GDP rose by 1.4 percent, below the 2.1 percent expansion of the previous quarter but above market expectations of a 1.0 percent climb.

The Ministry of Trade and Industry expects GDP growth for 2018 to come in slightly above the middle of the forecast range of 1.5 to 3.5 percent.


Mario |
4/13/2018 10:15:39 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-01-02 12:00 AM GDP Growth Rate YoY Adv 3.1% 5.4% 2.9% 2.8%
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%
2018-05-25 12:00 AM GDP Growth Rate YoY Final 3.6% 4.4%
2018-07-13 12:00 AM GDP Growth Rate YoY Adv 3.7%
2018-08-10 12:00 AM GDP Growth Rate YoY Final


Singapore GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 2.10 36.60 -13.50 percent [+]
GDP Annual Growth Rate 4.30 3.60 19.00 -8.80 percent [+]
GDP 296.98 296.84 308.14 0.70 USD Billion [+]
GDP Constant Prices 107657.70 107086.80 107657.70 7052.30 SGD Million [+]
Gross National Product 410271.90 408096.00 410271.90 2195.90 SGD Million [+]
Gross Fixed Capital Formation 28242.70 26135.80 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 4488.20 4339.10 4847.60 508.90 SGD Million [+]
GDP From Manufacturing 20059.10 20815.00 20815.00 1303.30 SGD Million [+]
GDP From Mining 69545.40 68992.10 69545.40 4133.60 SGD Million [+]
GDP From Services 20107.10 18936.40 20107.10 1333.10 SGD Million [+]
GDP From Transport 8297.20 8132.60 8297.20 543.10 SGD Million [+]
GDP From Utilities 1358.60 1361.50 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.30 3.60 19.00 -8.80 1976 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.19 Dec/17
Canada 2.90 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
Spain 2.90 Mar/18
United States 2.90 Mar/18
South Korea 2.80 Mar/18
Euro Area 2.50 Mar/18
Australia 2.40 Dec/17
Brazil 2.10 Dec/17
France 2.10 Mar/18
Japan 2.00 Dec/17
Switzerland 1.90 Dec/17
Italy 1.40 Mar/18
Mexico 1.20 Mar/18
United Kingdom 1.20 Mar/18
Russia 0.90 Dec/17


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