Singapore GDP Annual Growth Rate

Last Release

Sep 30, 2025

Actual

4.2

Units In

4.4

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
18.6 Jun 2010	-13.3 Jun 2020	6 %	1976-2025	Statistics Singapore

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.

Latest Updates

Singapore’s economy expanded 4.2% year-on-year in Q3 2025, down from an upwardly revised 4.7% in Q2. The latest print was above the flash estimate of 2.9%, mainly supported by growth in the manufacturing, wholesale trade, and finance & insurance sectors. The manufacturing sector grew 5.0% (vs 5.1%), mainly supported by electronics, transport engineering, and biomedical manufacturing clusters. Meanwhile, growth in the construction sector (3.6% vs 6.2%) and wholesale trade (3.9% vs 6.9%) all moderated. By contrast, retail trade (2.5% vs 0.6%) and accommodation (4.9% vs 2.1%) both accelerated. The finance & insurance sectors advanced 4.6%, accelerating from 4.2% in Q2, driven mainly by the banking and other auxiliary activities segments. For the first three quarters of 2025, Singapore’s GDP growth averaged 4.3% yoy. Meanwhile, the trade ministry raised its 2025 growth forecast to around 4%, up from the earlier projection of 1.5%–2.5%, following better-than-expected Q3 figures.