Singapore GDP Growth Rate
The Gross Domestic Product (GDP) in Singapore contracted an annualized 0.80 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in Singapore averaged 5.27 Percent from 2007 until 2014, reaching an all time high of 36.40 Percent in the first quarter of 2010 and a record low of -13 Percent in the third quarter of 2010. GDP Growth Rate in Singapore is reported by the Statistics Singapore.
||2007 - 2014
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.