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The Gross Domestic Product (GDP) in Singapore expanded 0.40 percent in the second quarter of 2024 over the previous quarter. This page provides - Singapore GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Singapore gdp growth rate for 2020 was -3.90%, a 5.23% decline from 2019. Singapore gdp growth rate for 2019 was 1.33%, a 2.24% decline from 2018. Annual percentage growth rate of GDP at market prices based on constant local currency.
The Ministry of Trade and Industry (MTI) announced today that Singapore’s GDP growth forecast for 2024 has been maintained at “1.0 to 3.0 per cent”. Economic Performance in First Quarter 2024 .
GDP Annual Growth Rate in Singapore averaged 6.17 percent from 1976 until 2024, reaching an all time high of 18.60 percent in the second quarter of 2010 and a record low of -11.80 percent in the second quarter of 2020.
Latest News. 12 July 2024. Singapore's GDP Grew by 2.9 Per Cent in the Second Quarter of 2024. PDF (220KB) 24 May 2024. Personal Disposable Income and Saving 1Q 2024. PDF (251KB) 23 May 2024. MTI Maintains 2024 GDP Growth Forecast at "1.0 to 3.0 Per Cent" PDF (203KB) Data are preliminary when first released.
Jan 2, 2024 · Based on advance estimates, the Singapore economy grew by 2.8 per cent on a year-on-year basis in the fourth quarter of 2023, faster than the 1.0 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy expanded by 1.7 per cent, extending the 1.3 per cent expansion in the third quarter.
Singapore gdp for 2022 was $466.79B, a 10.14% increase from 2021. Singapore gdp for 2021 was $423.80B , a 21.64% increase from 2020. Singapore gdp for 2020 was $348.39B , a 7.55% decline from 2019.
Jan 3, 2023 · Based on advance estimates, the Singapore economy grew by 2.2 per cent on a year-on-year basis in the fourth quarter of 2022, moderating from the 4.2 per cent growth in the previous quarter.
For the full year, the Singapore economy grew by 3.6 per cent, slower than the 8.9 per cent expansion in 2021. All sectors recorded full-year expansions, with the wholesale trade, manufacturing and other services sectors contributing the most to GDP growth for the year. Exhibit 1.1: GDP and Sectoral Growth Rates in 4Q 2022 Per Cent
GDP growth (annual %) - Singapore. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. LineBarMap. Also Show Share Details. Label. 2000 - 2022.
