Singapore GDP Annual Growth Rate

Last Release

Jun 30, 2025

Actual

4.4

Units In

3.9

Frequency

Quarterly

Next Release

Nov 25, 2025

Time to Release

2 Months 21 Days 4 Hours

Highest	Lowest	Average	Date Range	Source
18.6 Jun 2010	-13.3 Jun 2020	6.01 %	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

The Monetary Authority of Singapore’s quarterly survey released on Wednesday showed economists have raised Singapore’s 2025 growth outlook and expect monetary policy to remain unchanged at the next review. The survey, based on private-sector responses, does not represent MAS’s own views or forecasts. The median growth forecast was lifted to 2.4% from 1.7% in June, after the government raised its 2025 range to 1.5–2.5% in August on stronger H1 results. Economists projected Q3 growth at 0.9% year-on-year. Geopolitical tensions were cited as the main downside risk, while easing trade frictions and a tech upturn were seen as key upsides. MAS held policy steady in July after easing in January and April, with most expecting no change in October or January 2026. Inflation forecasts remained subdued: core inflation was trimmed to 0.7% from 0.8%, headline stayed at 0.9%, and July’s 0.5% core inflation marked the lowest in over three years.