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

The Singapore's economy advanced 1.8 percent year-on-year in the first quarter of 2016, the same pace as in the previous two quarters and slightly above market expectations of 1.7 percent growth, preliminary estimates showed. An expansion in construction and services sectors offset a contraction in manufacturing. On a quarter-on-quarter seasonally-adjusted annualized basis, growth was flat, reversing from a 6.2 percent expansion in the December quarter of 2015 and missing estimates of a 0.2 percent expansion. Meanwhile, against the backdrop of a less favourable external environment, the Monetary Authority of Singapore (MAS) now projected the economy to expand at a more modest pace this year, it said on its website. 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 April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-01-04 12:00 AM Q4 2% 1.8% 1.3% 1.3%
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%
2016-05-26 12:00 AM Q1 1.8%
2016-07-14 12:00 AM Q2 1.7%
2016-08-11 12:00 AM Q2

Singapore GDP Annual Growth Rate Steady in Q1


The Singapore's economy advanced 1.8 percent year-on-year in the first quarter of 2016, the same pace as in the previous two quarters and slightly above market expectations of a 1.7 percent growth, preliminary estimates showed. An expansion in construction and services sectors offset a contraction in manufacturing.

Year-on-year, the construction sector expanded by 6.2 percent, up significantly from 4.9 percent growth in the previous quarter, supported by both public and private sector construction activities.

Growth in the services producing industries came in at 1.9 percent, slowing from a 2.8 percent growth in the December quarter 2015, mainly driven by the wholesale & retail trade and finance & insurance sectors.

The manufacturing sector contracted by 2.0 percent, following a 6.7 percent decline in the previous three months. The sector was primarily weighed down by a decline in the output of the transport engineering, precision engineering and electronic clusters.

On a quarter-on-quarter seasonally-adjusted annualized basis, growth was flat, reversing from a 6.2 percent expansion in the December quarter of 2015 and missing estimates of a 0.2 percent expansion. Growth was seen for manufacturing sector (+18.2 percent from a 4.9 percent contraction in the preceding quarter) and construction (+10.2 percent from +6.0 percent). In contrast, services sector contracted by 3.8 percent, compared to a 7.7 percent growth in the December quarter. 

Meanwhile, against the backdrop of a less favourable external environment, the Monetary Authority of Singapore (MAS) now projected the economy to expand at a more modest pace this year, it said later on its website.

Statistics Singapore l Rida Husna | rida@tradingeconomics.com
4/14/2016 6:00:52 AM

Singapore GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.00 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 99140.80 97651.90 99140.80 7052.30 SGD Million [+]
Gross National Product 378329.70 366618.40 378329.70 2195.90 SGD Million [+]
Gross Fixed Capital Formation 24661.50 24159.70 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 4736.20 4667.20 4736.20 508.90 SGD Million [+]
GDP From Manufacturing 16967.50 17180.60 18606.30 1303.30 SGD Million [+]
GDP From Mining 677232.00 65882.70 677232.00 4133.60 SGD Million [+]
GDP From Services 18990.40 18817.40 18990.40 1333.10 SGD Million [+]
GDP From Transport 7446.10 7494.90 7547.30 543.10 SGD Million [+]
GDP From Utilities 1352.40 1332.60 1352.40 130.20 SGD Million [+]




Last
South Sudan 15.90 Dec/14
Ethiopia 10.20 Dec/14
Ivory Coast 9.80 Dec/15
Congo 9.50 Dec/14
Ireland 9.20 Dec/15
Papua New Guinea 9.00 Dec/15
Myanmar 8.70 Dec/14
Uzbekistan 7.50 Mar/16
India 7.30 Dec/15
Chad 7.20 Dec/14
Monaco 7.20 Dec/14
East Timor 7.10 Dec/14
Rwanda 7.10 Dec/15
Tanzania 7.10 Dec/15
Bangladesh 7.05 Dec/16
Cameroon 7.00 Sep/15
Laos 7.00 Dec/15
Senegal 7.00 Dec/15
Cambodia 6.90 Dec/15
China 6.70 Mar/16
Turkmenistan 6.70 Dec/15
Uganda 6.68 Dec/15
Nicaragua 6.60 Dec/15
Sierra Leone 6.57 Dec/14
Mauritania 6.40 Dec/14
Dominican Republic 6.10 Dec/15
Palestine 6.10 Dec/15
Republic of the Congo 6.00 Dec/14
Tajikistan 6.00 Dec/15
Togo 6.00 Dec/15
Philippines 5.80 Dec/15
Benin 5.70 Dec/15
Malta 5.70 Dec/15
Turkey 5.70 Dec/15
Mozambique 5.60 Dec/15
Bhutan 5.50 Dec/14
Djibouti 5.50 Dec/14
Vietnam 5.46 Mar/16
Panama 5.30 Dec/15
Kenya 5.27 Dec/15
Gabon 5.10 Dec/14
Indonesia 5.04 Dec/15
Bolivia 5.01 Jun/15
Guinea Bissau 5.00 Dec/15
Zambia 5.00 Dec/15
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Ghana 4.90 Dec/15
Niger 4.90 Dec/15
Maldives 4.80 Dec/15
Sao Tome and Principe 4.80 Dec/14
Burundi 4.70 Dec/14
Mali 4.70 Dec/15
Morocco 4.70 Dec/15
Peru 4.70 Dec/15
Oman 4.60 Dec/14
United Arab Emirates 4.60 Dec/14
Egypt 4.50 Jun/15
Malaysia 4.50 Dec/15
Sweden 4.50 Dec/15
Lesotho 4.40 Dec/14
Poland 4.30 Dec/15
Seychelles 4.30 Dec/15
Slovakia 4.30 Dec/15
Pakistan 4.24 Dec/15
Burkina Faso 4.20 Dec/15
Guinea 4.20 Dec/14
Cuba 4.00 Dec/15
Czech Republic 4.00 Dec/15
Fiji 4.00 Dec/15
Kosovo 4.00 Sep/15
Qatar 4.00 Dec/15
Zimbabwe 4.00 Dec/14
Algeria 3.90 Dec/15
Guatemala 3.90 Sep/15
Macedonia 3.90 Dec/15
Romania 3.70 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Sep/15
Namibia 3.50 Sep/15
Nepal 3.40 Dec/15
Spain 3.40 Mar/16
Suriname 3.40 Dec/14
Colombia 3.30 Dec/15
Costa Rica 3.30 Dec/15
Slovenia 3.30 Dec/15
Cape Verde 3.20 Dec/15
Hungary 3.20 Dec/15
Iceland 3.20 Dec/15
Madagascar 3.20 Dec/14
Australia 3.00 Dec/15
Bulgaria 3.00 Dec/15
Comoros 3.00 Dec/15
Guyana 3.00 Dec/15
Luxembourg 3.00 Dec/15
Malawi 3.00 Dec/15
Georgia 2.90 Dec/15
Mexico 2.90 Mar/16
Bahrain 2.80 Dec/15
Thailand 2.80 Dec/15
Cyprus 2.70 Dec/15
South Korea 2.70 Mar/16
Sudan 2.70 Dec/14
El Salvador 2.60 Dec/15
Jordan 2.60 Sep/15
Somalia 2.60 Dec/14
Sri Lanka 2.50 Dec/15
Swaziland 2.50 Dec/14
Mongolia 2.30 Dec/15
New Zealand 2.30 Dec/15
Israel 2.20 Dec/15
Lithuania 2.20 Mar/16
Albania 2.15 Dec/15
Nigeria 2.11 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Germany 2.10 Dec/15
United Kingdom 2.10 Mar/16
United States 2.00 Mar/16
Armenia 1.90 Dec/16
Cayman Islands 1.90 Sep/15
Croatia 1.90 Dec/15
Eritrea 1.90 Dec/14
Hong Kong 1.90 Dec/15
Latvia 1.80 Mar/16
Singapore 1.80 Mar/16
European Union 1.70 Mar/16
Haiti 1.70 Dec/15
Euro Area 1.60 Mar/16
Netherlands 1.60 Dec/15
Belgium 1.50 Mar/16
Jamaica 1.50 Sep/15
Montenegro 1.40 Dec/15
Austria 1.30 Mar/16
Chile 1.30 Dec/15
France 1.30 Mar/16
Portugal 1.30 Dec/15
Bahamas 1.20 Dec/15
Serbia 1.20 Dec/15
Paraguay 1.10 Dec/15
Italy 1.00 Dec/15
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Argentina 0.90 Dec/15
Estonia 0.70 Dec/15
Japan 0.70 Dec/15
Belize 0.60 Dec/15
Finland 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
Denmark 0.50 Dec/15
Switzerland 0.40 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Tunisia 0.30 Dec/15
Barbados 0.20 Dec/14
Norway 0.10 Dec/15
Uruguay -0.10 Dec/15
Kazakhstan -0.20 Mar/16
Brunei -0.50 Dec/15
Greece -0.70 Dec/15
Liechtenstein -0.80 Dec/14
Taiwan -0.84 Mar/16
Ecuador -0.90 Dec/15
Puerto Rico -0.90 Dec/14
Gambia -1.40 Dec/14
Ukraine -1.40 Dec/15
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Syria -2.30 Dec/11
Iraq -2.40 Dec/14
Moldova -3.30 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Russia -3.80 Dec/15
Kyrgyzstan -4.90 Mar/16
Brazil -5.90 Dec/15
Venezuela -7.10 Sep/15
Macau -14.40 Dec/15
Libya -21.80 Dec/14
Yemen -28.10 Dec/15