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Singapore GDP Growth RateSS

Singapore GDP Growth Rate

−0.6%R
−1.1
As of Apr 14, 2025
%
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SGGDPQQ chart



Key data points


Last release
Apr 14, 2025
Observation period
Q1 2025
Next release
Jul 11, 2025
Forecast
—
Highest
9.00 % on Sep 30, 2020
Lowest
−11.90 % on Jun 30, 2020

About Singapore GDP Growth Rate


Category
GDP
Source
Department of Statistics
Frequency
Quarterly
Units
%
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.

Singapore GDP Growth Rate reports history



Singapore in figures — see more economic indicators tied to SGGDPQQ.
SGFYGDPG
R
Full Year GDP Growth
4.4%
SGGDP
R
GDP
501.43 BUSD
SGGDPC
R
GDP From Construction
5.02 BSGD
SGGDPCP
R
Real GDP
142.51 BSGD
SGGDPGA
R
GDP Growth Annualized
−2.6%
SGGDPMAN
R
GDP From Manufacturing
28.63 BSGD
SGGDPPC
R
GDP Per Capita
65.42 KUSD
SGGDPPCP
R
GDP Per Capita PPP
127.54 KUSD
SGGDPQQ
R
GDP Growth Rate
−0.6%
SGGDPS
R
GDP From Services
21.18 BSGD
SGGDPT
R
GDP From Transport
9.21 BSGD
SGGDPU
R
GDP From Utilities
1.59 BSGD
SGGDPYY
R
GDP Growth
3.9%
SGGFCF
R
Gross Fixed Capital Formation
34.43 BSGD
SGGNP
R
Gross National Product
731.44 BSGD