Singapore GDP Annual Growth Rate

Last Release

Sep 30, 2025

Actual

2.9

Units In

4.4

Frequency

Quarterly

Next Release

Nov 25, 2025

Time to Release

1 Months 10 Days 18 Hours

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 2.9% year-on-year in the third quarter of 2025, slowing from an upwardly revised 4.5% in Q2 as weakness in manufacturing weighed on overall performance. The latest reading marked the slowest pace of growth in two years, though it still exceeded market expectations of a 2% increase. The manufacturing sector was broadly flat compared to a year earlier, a sharp slowdown from the 5% expansion seen in the previous quarter. Meanwhile, the construction sector grew 3.1% in Q3, moderating from a 6.2% gain in Q2 as public and private sector projects progressed more gradually. Among the services industries, the wholesale & retail trade and transportation & storage sectors together expanded by 2.5%, easing from 4.9% growth in the prior quarter. The latest figures underscore the challenges facing Singapore’s open economy as it contends with higher US tariffs on exports, with trade restrictions on pharmaceuticals and electronics taking a heavy toll on external demand.