Singapore GDP Annual Growth Rate  1976-2016 | Data | Chart | Calendar

The Singaporean economy expanded 1.8 percent year-on-year in the first three months of 2016, the same pace as in the previous two quarters and matching preliminary estimates, final figures showed. On a quarter-on-quarter seasonally-adjusted annualized basis, the economy expanded by 0.2 percent, slower than a 6.2 percent growth in the fourth quarter 2015. GDP Annual Growth Rate in Singapore averaged 6.79 percent from 1976 until 2016, reaching an all time high of 18.90 percent in the second quarter of 2010 and a record low of -8.80 percent in the first quarter of 2009. GDP Annual Growth Rate in Singapore is reported by the Statistics Singapore.

Singapore GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.80 18.90 -8.80 1976 - 2016 percent Quarterly
In Singapore, services are the biggest sector of the economy and account for 72 percent of GDP. Within services the most important segments are: wholesale and retail trade (18 percent of total GDP); business services (16 percent); finance and insurance (13 percent), transport and storage (10 percent) and information and communications (5 percent). Industry contributes the remaining 28 percent total output. Manufacturing (21 percent) and construction (5 percent) are the most important industry segments. This page provides - Singapore GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-24 12:00 AM Q4 1.8% 1.8% 1.8% 1.9%
2016-04-14 12:00 AM Q1 1.8% 1.8% 1.7% 2.0%
2016-05-25 12:00 AM Q1 1.8% 1.8% 1.8% 1.8%
2016-07-14 12:00 AM Q2 1.8% 1.7%
2016-08-11 12:00 AM Q2 1.8%
2016-10-14 12:00 AM Q3 1.8%

Singapore GDP Growth Confirmed at 1.8% YoY in Q1


The Singaporean economy expanded 1.8 percent year-on-year in the first three months of 2016, the same pace as in the previous two quarters and matching preliminary estimates, final figures showed. The construction sector grew at a faster pace while the services sector slowed and manufacturing contracted less than in the previous quarter.

In the first quarter 2016, the construction sector advanced 6.2 percent year-on-year, faster than a 4.9 percent growth in the previous quarter, supported by public sector construction activities and private industrial building works.

The manufacturing sector contracted by 1.0 percent, compared to a 6.7 percent decline in the preceding quarter, dragged down mainly by the transport engineering and precision engineering clusters. 

Growth in the services producing industries came in at 1.4 percent, lower than 2.8 percent in the previous quarter. The wholesale & retail trade sector grew by 1.8 percent, slowing from a 6.8 percent expansion in the preceding quarter, largely due to the wholesale trade segment. The accommodation & food services sector advanced 1.5 percent, up from a 0.9 percent growth in the previous quarter, largely due to a 13.8 percent increase in visitor arrivals. The information & communications grew by 3.2 percent, compared to a 3.3 percent in the December quarter, driven by growth in the IT & information services segment. The finance & insurance sector expanded by 2.4 percent, unchanged from the previous quarter. The business services sector rose 0.3 percent, slowing from 0.8 percent, supported by the others and professional services segments. The other services industries grew by 1.4 percent, slower than a 1.7 percent growth, supported by the education, health & social services, as well as public administration & defence segments. In contrast, the transportation & storage contracted 0.4 percent, following a 0.9 percent decline in the final quarter 2015.

On a quarter-on-quarter seasonally-adjusted annualized basis, the economy expanded by 0.2 percent, compared to a flat reading in preliminary estimates but slower than a 6.2 percent growth in the fourth quarter 2015. While the manufacturing sector rebounded (+23.3 percent from -4.9 percent in the preceding quarter), construction sector  grew at a faster pace (+10.5 percent from + 6.0 percent). In contrast, the services producing industries shrank 5.9 percent, following a 7.7 percent growth). A contraction in the services sector was recorded for: wholesale & retail trade (-10.3 percent from +3.7 percent), information & communications (-3.1 percent from +6.4 percent), finance & insurance (-15.2 percent from +34.1 percent), business services (-0.2 percent from +1.8 percent) and other services industries (-0.6 percent from +2.9 percent). Growth was seen for:  transportation & storage (+3.4 percent from -2.6 percent) and accommodation & food services (+0.3 percent from +1.0 percent). 

For 2016, growth forecast for the Singaporean economy is maintained at 1.0 to 3.0 percent.

Statistics Singapore l Rida Husna | rida@tradingeconomics.com
5/25/2016 2:34:51 AM

Singapore GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 6.20 37.20 -13.50 percent [+]
GDP Annual Growth Rate 1.80 1.80 18.90 -8.80 percent [+]
GDP 307.86 302.25 307.86 0.70 USD Billion [+]
GDP Constant Prices 99198.40 99140.80 99198.40 7052.30 SGD Million [+]
Gross National Product 378329.70 366618.40 378329.70 2195.90 SGD Million [+]
Gross Fixed Capital Formation 24063.50 24661.50 26184.70 1860.50 SGD Million [+]
GDP per capita 38087.89 36897.87 38087.89 2529.86 USD [+]
GDP per capita PPP 78958.09 76236.79 78958.09 34202.17 USD [+]
GDP From Construction 4855.90 4736.20 4855.90 508.90 SGD Million [+]
GDP From Manufacturing 17879.70 16967.50 18606.30 1303.30 SGD Million [+]
GDP From Mining 666928.00 677232.00 677232.00 4133.60 SGD Million [+]
GDP From Services 18482.50 18990.40 18990.40 1333.10 SGD Million [+]
GDP From Transport 7508.20 7446.10 7547.30 543.10 SGD Million [+]
GDP From Utilities 1359.80 1352.40 1359.80 130.20 SGD Million [+]




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Ivory Coast 10.30 Dec/15
Ethiopia 9.60 Dec/15
Ireland 9.20 Dec/15
Papua New Guinea 9.00 Dec/15
India 7.90 Mar/16
Congo 7.70 Dec/15
Uzbekistan 7.50 Mar/16
Rwanda 7.30 Mar/16
Monaco 7.20 Dec/14
Tanzania 7.10 Dec/15
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Laos 7.00 Dec/15
Myanmar 7.00 Dec/15
Cambodia 6.90 Dec/15
Philippines 6.90 Mar/16
China 6.70 Mar/16
Djibouti 6.70 Dec/15
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Uganda 6.68 Dec/15
Nicaragua 6.60 Dec/15
Tajikistan 6.50 Mar/16
Senegal 6.40 Mar/16
Dominican Republic 6.10 Dec/15
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Chad 5.60 Dec/15
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Vietnam 5.55 Jun/16
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Malta 5.20 Mar/16
Guinea Bissau 5.00 Dec/15
Kosovo 5.00 Dec/15
Zambia 5.00 Dec/15
Indonesia 4.92 Mar/16
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Ghana 4.90 Mar/16
Niger 4.90 Dec/15
Sudan 4.90 Dec/15
Turkey 4.80 Mar/16
Gambia 4.70 Dec/15
Mali 4.70 Dec/15
Morocco 4.70 Dec/15
Panama 4.60 Mar/16
Armenia 4.40 Mar/16
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Cuba 4.30 Dec/15
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Pakistan 4.24 Dec/15
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Sweden 4.20 Mar/16
Guatemala 4.10 Dec/15
Fiji 4.00 Dec/15
Qatar 4.00 Dec/15
Algeria 3.90 Dec/15
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Dec/15
Namibia 3.50 Mar/16
Serbia 3.50 Mar/16
Lesotho 3.40 Dec/15
Slovakia 3.40 Mar/16
Spain 3.40 Mar/16
Costa Rica 3.30 Dec/15
Cape Verde 3.20 Dec/15
Comoros 3.20 Dec/15
Thailand 3.20 Mar/16
Australia 3.10 Mar/16
Mauritania 3.10 Dec/15
Mongolia 3.10 Mar/16
Czech Republic 3.00 Mar/16
Guyana 3.00 Dec/15
Madagascar 3.00 Dec/15
Poland 3.00 Mar/16
Bulgaria 2.90 Mar/16
Malawi 2.90 Dec/15
Maldives 2.90 Dec/15
Bahrain 2.80 Dec/15
New Zealand 2.80 Mar/16
South Korea 2.80 Mar/16
Croatia 2.70 Mar/16
Cyprus 2.70 Mar/16
Cameroon 2.60 Dec/15
El Salvador 2.60 Dec/15
Georgia 2.60 Mar/16
Jordan 2.60 Dec/15
Mexico 2.60 Mar/16
Somalia 2.60 Dec/14
Colombia 2.50 Mar/16
Lithuania 2.50 Mar/16
Slovenia 2.50 Mar/16
Iraq 2.40 Dec/15
Albania 2.15 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Latvia 2.10 Mar/16
Chile 2.00 Mar/16
Macedonia 2.00 Mar/16
United Kingdom 2.00 Mar/16
United States 2.00 Mar/16
Cayman Islands 1.90 Sep/15
European Union 1.80 Mar/16
Singapore 1.80 Mar/16
Estonia 1.70 Mar/16
Euro Area 1.70 Mar/16
Haiti 1.70 Dec/15
Israel 1.70 Mar/16
Swaziland 1.70 Dec/15
Austria 1.60 Mar/16
Finland 1.60 Mar/16
Belgium 1.50 Mar/16
Netherlands 1.50 Mar/16
Paraguay 1.50 Mar/16
Zimbabwe 1.50 Dec/15
Montenegro 1.40 Dec/15
France 1.30 Mar/16
Germany 1.30 Mar/16
Bahamas 1.20 Dec/15
Republic of the Congo 1.20 Dec/15
Canada 1.10 Mar/16
Italy 1.00 Mar/16
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Tunisia 1.00 Mar/16
Argentina 0.90 Dec/15
Hungary 0.90 Mar/16
Portugal 0.90 Mar/16
Hong Kong 0.80 Mar/16
Moldova 0.80 Mar/16
Nepal 0.77 Dec/15
Jamaica 0.70 Dec/15
Norway 0.70 Mar/16
Switzerland 0.70 Mar/16
Belize 0.60 Dec/15
Denmark 0.60 Mar/16
Iran 0.60 Mar/15
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Suriname 0.20 Dec/15
Guinea 0.10 Dec/15
Japan 0.10 Mar/16
Ukraine 0.10 Mar/16
Kazakhstan -0.20 Mar/16
South Africa -0.20 Mar/16
Nigeria -0.40 Mar/16
Brunei -0.50 Dec/15
Uruguay -0.50 Mar/16
Puerto Rico -0.60 Dec/15
Taiwan -0.68 Mar/16
Liechtenstein -0.80 Dec/14
Ecuador -0.90 Dec/15
Russia -1.20 Mar/16
Greece -1.30 Mar/16
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Syria -2.30 Dec/11
Trinidad and Tobago -3.00 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Burundi -4.10 Dec/15
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South Sudan -5.30 Dec/15
Brazil -5.40 Mar/16
Libya -6.00 Dec/15
Venezuela -7.10 Sep/15
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Macau -13.30 Mar/16
Oman -14.10 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15