Singapore GDP

Singapore revises 2025 GDP growth to 5% from 4.8% earlier, bolstered by a strong Q4

MTI raises 2026 forecast economic expansion to 2% to 4%, compared to 1% to 3% previously

The central bank expects core inflation in Singapore to “increase modestly” in the near term.

Economists expect MAS to tighten monetary policy in April or July, after keeping settings unchanged in January

Despite maintaining its policy stance on Thursday, the central bank raises full-year core and headline inflation forecasts to 1-2%

Singapore's GDP growth of 4.8% in 2025 exceeds earlier estimates by the Ministry of Trade and Industry.

UOB lifts 2026 Singapore GDP forecast on ‘solid’ Q4 growth, ‘outperformance’ in 2025; RHB maintains projections

AI-related electronics demand, improving trade dynamics and anticipated global monetary easing are set to drive economic expansion

The Republic’s economy expanded 4.8% year on year in 2025, while Q4 GDP growth came in at 5.7%, advance estimates from MTI showed.

Economists hold 2026 Singapore growth forecasts despite strong 2025 finish

This year’s risks include trade policy uncertainty, geopolitical tensions and manufacturing normalisation

In 2026, the Ministry of Trade and Industry expects Singapore’s economy to grow by between 1% and 3%.

Singapore’s economy up 4.8% in 2025; Q4 GDP comes in at 5.7%

On a seasonally adjusted, quarterly basis, economic growth is at 1.9%

Some think there will be slower growth in 2026 as global uncertainties persist, though sectors tied to digitalisation and finance are expected to remain resilient.

Economists raise 2025 Singapore growth forecasts on strong Q3, but stay cautious on 2026

Still, most private-sector analysts upgrade estimates for next year, with some projections at the higher end of the official 1 to 3% range

With the updated Q3 figure, GDP growth for the first three quarters averages 4.3% year on year.

Singapore raises 2025 growth forecast to ‘around 4%’, expects 1-3% growth in 2026

The upgrade is due to better-than-expected Q3 performance, driven by AI chips

MAS has excluded the recently announced 100% tariffs on China and pharmaceuticals from its baseline forecasts due to implementation uncertainty.

Singapore’s full-year growth set to track near potential rate after resilient Q3 beats expectations

Economists lift 2025 forecasts after third-quarter GDP rises 2.9%, but caution over cooling momentum and external headwinds in 2026

On a seasonally adjusted quarterly basis, gross domestic product rose 1.3%, edging down slightly from the 1.5% advance recorded in the second quarter.

Singapore GDP up 2.9% in Q3, surpassing forecasts

Advance estimates show moderation from previous quarter, as manufacturing sector stalls

A rate of 2-3% is “marvellous” for larger economies, but may be too low for a small economy such as Singapore's, says Deputy Prime Minister Gan Kim Yong.

Singapore should aim to grow faster than eventual 2-3% long-term rate: Gan Kim Yong

Even as a mature economy, the Republic’s growth rate does not have to slow down yet, he says