Singapore GDP Annual Growth Rate

Last Release

Dec 31, 2025

Actual

5.7

Units In

4.2

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	5.99 %	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 5.7% year-on-year in Q4 2025, up from an upwardly revised 4.3% in Q3, marking the strongest growth since the third quarter of 2024, preliminary data showed. The acceleration in growth was mainly supported by the manufacturing sector, which surged 15% year-on-year, accelerating sharply from 4.9% in Q3, driven by output expansions in the biomedical manufacturing and electronics clusters. Meanwhile, construction sector growth eased to 4.2% from 5.1%. Among the services sectors, wholesale and retail trade and transportation and storage advanced 3.9%, following a 3.7% expansion in Q3. On a quarterly basis, the economy grew 1.9%, after a 2.4% expansion in the previous quarter. For the full year, GDP advanced 4.8%, accelerating from 4.4% growth in 2024. The latest data release did not include any forecasts for 2026. The ministry had previously forecast 2026 GDP growth at 1.0% to 3.0%.