Singapore’s economy contracted 0.3% quarter-on-quarter in the first quarter of 2026, reversing from a 1.3% expansion in the previous quarter, according to advance estimates. This marked the first contraction since Q4 2022, but smaller than the expected 0.5%. Sectorally, goods-producing industries led the decline, falling 3.1% QoQ after a 3.3% expansion in Q4, with manufacturing shrinking sharply by 4.9% (vs 4.5%), marking a significant reversal. Services expanded at a slower pace of 0.6% QoQ, down from 1.0%. Within this, wholesale & retail trade and transportation & storage rose 1.0% (vs 1.8%), while accommodation & food services, real estate and other services edged up 0.1% (vs -0.4%). Meanwhile, information & communications, finance & insurance and professional services contracted 4.0%, reversing from a 4.6% expansion in the previous quarter. In contrast, construction provided support, growing 3.7% (vs 0.2%), the only major sector to accelerate. source: Statistics Singapore
The Gross Domestic Product (GDP) in Singapore contracted 0.30 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Singapore averaged 1.50 percent from 1975 until 2026, reaching an all time high of 9.30 percent in the third quarter of 2020 and a record low of -12.10 percent in the second quarter of 2020. This page provides - Singapore GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.
The Gross Domestic Product (GDP) in Singapore contracted 0.30 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Singapore is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore GDP Growth Rate is projected to trend around 0.40 percent in 2027 and 0.50 percent in 2028, according to our econometric models.