Singapore GDP Growth Rate  1975-2016 | Data | Chart | Calendar | Forecast

The Singaporean economy advanced 0.3 percent quarter-on-quarter in the June quarter of 2016, much lower than a 0.8 percent expansion estimated earlier but slightly faster than a 0.1 percent expansion in the first quarter 2016. A faster increase in the construction sector was unable to offset a decline in the services sector and a slowdown in manufacturing. The construction sector grew by 5.3 percent, accelerating from a 1.4 percent growth in the March quarter. The manufacturing sector grew by 1.0 percent, slowing from a 18.7 percent in Q1. In contrast, the services sector declined by 0.6 percent, mainly due to a 11.2 percent contraction in the finance and service sector, a 4.0 percent drop in the accommodation & food services and a 3.6 percent drop in the business services sector. GDP Growth Rate in Singapore averaged 6.88 percent from 1975 until 2016, reaching an all time high of 37.20 percent in the first quarter of 2010 and a record low of -13.50 percent in the fourth quarter of 2008. GDP Growth Rate in Singapore is reported by the Statistics Singapore.

Singapore GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.10 37.20 -13.50 1975 - 2016 percent Quarterly
SA
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. This page provides - Singapore GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-25 12:00 AM Q1 0.2% 6.2% 0.0%
2016-07-14 12:00 AM Q2 0.8% 0.2% 0.9% 0.4%
2016-08-11 12:00 AM Q2 0.3% 0.1% 0.8% 0.8%
2016-10-14 12:00 AM Q3 0.3% 0.7%
2016-11-25 12:00 AM Q3 0.3%

Singapore GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.10 37.20 -13.50 percent [+]
GDP Annual Growth Rate 2.10 2.10 18.90 -8.80 percent [+]
GDP 292.74 306.34 306.34 0.70 USD Billion [+]
GDP Constant Prices 99245.30 99169.30 99245.30 7052.30 SGD Million [+]
Gross National Product 378329.70 366618.40 378329.70 2195.90 SGD Million [+]
Gross Fixed Capital Formation 25123.20 23478.50 26184.70 1860.50 SGD Million [+]
GDP per capita 51855.08 51440.82 51855.08 3389.56 USD [+]
GDP per capita PPP 80191.54 79550.90 80191.54 34298.03 USD [+]
GDP From Construction 4815.00 4752.70 4815.00 508.90 SGD Million [+]
GDP From Manufacturing 17755.10 17711.60 18606.30 1303.30 SGD Million [+]
GDP From Mining 66784.30 66879.70 67723.20 4133.60 SGD Million [+]
GDP From Services 18861.50 18693.60 18990.40 1333.10 SGD Million [+]
GDP From Transport 7649.60 7527.10 7649.60 543.10 SGD Million [+]
GDP From Utilities 1361.80 1359.40 1361.80 130.20 SGD Million [+]




Last
Venezuela 6.80 Dec/13
Bangladesh 6.51 Dec/15
Vietnam 5.55 Jun/16
Sri Lanka 5.50 Mar/16
Angola 4.90 Dec/15
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Indonesia 4.02 Jun/16
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
Mongolia 3.10 Mar/16
Rwanda 2.35 Dec/15
India 2.10 Mar/16
Botswana 1.80 Mar/16
China 1.80 Jun/16
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Moldova 1.70 Mar/16
Hong Kong 1.60 Jun/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Romania 1.50 Jun/16
Saudi Arabia 1.50 Mar/16
Tanzania 1.50 Sep/10
Bosnia and Herzegovina 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Australia 1.10 Mar/16
Ghana 1.10 Mar/16
Hungary 1.10 Jun/16
United States 1.10 Jun/16
Norway 1.00 Mar/16
Bahrain 0.90 Mar/16
Czech Republic 0.90 Jun/16
Israel 0.90 Jun/16
Mauritius 0.90 Mar/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Paraguay 0.80 Mar/16
Spain 0.80 Jun/16
Thailand 0.80 Jun/16
Turkey 0.80 Mar/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Denmark 0.70 Mar/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
New Zealand 0.70 Mar/16
South Korea 0.70 Jun/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Netherlands 0.60 Jun/16
Ukraine 0.60 Jun/16
United Kingdom 0.60 Jun/16
Belgium 0.50 Jun/16
Slovenia 0.50 Mar/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Latvia 0.40 Jun/16
Tunisia 0.40 Mar/16
Austria 0.30 Jun/16
Estonia 0.30 Jun/16
Euro Area 0.30 Jun/16
Finland 0.30 Jun/16
Malta 0.30 Mar/16
Singapore 0.30 Jun/16
Sweden 0.30 Jun/16
Colombia 0.20 Jun/16
Greece 0.20 Jun/16
Portugal 0.20 Jun/16
Taiwan 0.15 Jun/16
Lithuania 0.10 Jun/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
France 0.00 Jun/16
Italy 0.00 Jun/16
Japan 0.00 Jun/16
Mozambique 0.00 Jun/16
Peru 0.00 Mar/16
Trinidad And Tobago -0.10 Dec/15
Mexico -0.20 Jun/16
Brazil -0.30 Mar/16
Chile -0.40 Jun/16
Iceland -0.50 Mar/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Jamaica -0.60 Mar/16
Argentina -0.70 Mar/16
Belize -1.07 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Qatar -2.60 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16