The Gross Domestic Product (GDP) in Singapore expanded 3.20 percent in the third quarter of 2024 over the previous quarter. GDP Growth Rate in Singapore averaged 1.51 percent from 1975 until 2024, reaching an all time high of 9.00 percent in the third quarter of 2020 and a record low of -11.90 percent in the second quarter of 2020. source: Statistics Singapore

GDP Growth Rate in Singapore is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-14 12:00 AM QoQ Adv Q3 2.1% 0.4% 0.3%
2024-11-22 02:00 AM QoQ Final Q3 3.2% 0.5% 2.5% 0.3%
2025-01-02 12:00 AM QoQ Adv Q4 0.8%


Related Last Previous Unit Reference
Full Year GDP Growth 1.10 3.80 percent Dec 2023
GDP Growth Rate YoY 5.40 2.90 percent Sep 2024
GDP Constant Prices 138942.80 136075.90 SGD Million Sep 2024
GDP from Construction 4548.80 4548.40 SGD Million Sep 2024
GDP from Manufacturing 29503.70 26843.00 SGD Million Sep 2024
GDP from Services 20863.70 20803.70 SGD Million Sep 2024
GDP from Transport 8900.40 8794.80 SGD Million Sep 2024
GDP from Utilities 1594.80 1592.40 SGD Million Sep 2024
GDP Growth Annualized 13.60 2.00 percent Sep 2024
GDP Growth Rate 3.20 0.40 percent Sep 2024
Gross Fixed Capital Formation 32328.40 31252.60 SGD Million Jun 2024
Gross National Product 673300.30 687230.40 SGD Million Dec 2023

Singapore GDP Growth Rate
Since gaining independence in 1963, Singaporean economy has been growing rapidly and as a result the country has now one of the highest GDP per capita in the world. The economy depends heavily on foreign trade; both from port activities and from exports of electronic components and refined oil. The country is a leading foreign direct investment recipient due to its status of one of the freest, most competitive and most business-friendly economies in the world. Singapore is also an important financial center.
Actual Previous Highest Lowest Dates Unit Frequency
3.20 0.40 9.00 -11.90 1975 - 2024 percent Quarterly
SA