Singapore’s economy grew by 5.4% year-on-year in the third quarter of 2026, exceeding forecasts for a 5% expansion but slowing from an upwardly revised 6.2% growth in Q2, advance estimates showed. The slowdown marked the weakest annual growth since Q3 2025, driven by a moderation in goods-producing industries (7.3% vs 10.9% in Q2), as manufacturing growth eased to 7.5% from 12.9%, partly offset by faster expansion in construction (8.8% vs 6.1%). Activity also slowed in information and communications, finance and insurance, and professional services (4.3% vs 5.1%) and accommodation and food services, real estate, administrative and support services, and other services industries (2.1% vs 2.4%). Meanwhile, services-producing industries maintained growth at 5.2%, supported by faster expansion in wholesale and retail trade and transportation and storage (8% vs 6.9%). Quarterly, the GDP expanded by 1.1%, the softest since Q1 2025 and easing from an upwardly revised 1.5% growth in Q2 2026. source: Statistics Singapore

The Gross Domestic Product (GDP) in Singapore expanded 5.40 percent in the third quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Singapore averaged 6.18 percent from 1976 until 2026, reaching an all time high of 18.90 percent in the second quarter of 2021 and a record low of -11.70 percent in the second quarter of 2020. This page provides - Singapore GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

The Gross Domestic Product (GDP) in Singapore expanded 5.40 percent in the third quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Singapore is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore GDP Annual Growth Rate is projected to trend around 4.20 percent in 2027 and 4.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-11 12:00 AM
YoY Final
Q2 5.9% 6.3% 5.9% 5.7%
2026-10-14 12:00 AM
YoY Adv
Q3 5.4% 6.2% 5% 5.3%
2026-11-25 12:00 AM
YoY Final
Q3 6.2% 5.4% 5.4%


Related Last Previous Unit Reference
Full Year GDP Growth 5.00 5.30 percent Dec 2025
GDP Growth Rate YoY 5.40 6.20 percent Sep 2026
GDP Constant Prices 157990.40 156291.00 SGD Million Sep 2026
GDP from Construction 6156.40 5955.00 SGD Million Sep 2026
GDP from Manufacturing 33965.10 34266.70 SGD Million Sep 2026
GDP from Public Administration & Defence 3211.60 3134.90 SGD Million Jun 2026
GDP from Services 101965.80 100717.20 SGD Million Sep 2026
GDP from Transport 9142.30 8973.60 SGD Million Jun 2026
GDP from Utilities 1613.60 1630.40 SGD Million Jun 2026
GDP Growth Annualized 4.40 6.20 percent Sep 2026
GDP Growth Rate 1.10 1.50 percent Sep 2026
Gross Fixed Capital Formation 38403.60 38550.60 SGD Million Jun 2026
Gross National Product 789529.20 765497.50 SGD Million Dec 2025


Singapore GDP Annual Growth Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
5.40 6.20 18.90 -11.70 1976 - 2026 percent Quarterly
NSA

News Stream
Singapore Q3 GDP Growth Slows to 1-Year Low
Singapore’s economy grew by 5.4% year-on-year in the third quarter of 2026, exceeding forecasts for a 5% expansion but slowing from an upwardly revised 6.2% growth in Q2, advance estimates showed. The slowdown marked the weakest annual growth since Q3 2025, driven by a moderation in goods-producing industries (7.3% vs 10.9% in Q2), as manufacturing growth eased to 7.5% from 12.9%, partly offset by faster expansion in construction (8.8% vs 6.1%). Activity also slowed in information and communications, finance and insurance, and professional services (4.3% vs 5.1%) and accommodation and food services, real estate, administrative and support services, and other services industries (2.1% vs 2.4%). Meanwhile, services-producing industries maintained growth at 5.2%, supported by faster expansion in wholesale and retail trade and transportation and storage (8% vs 6.9%). Quarterly, the GDP expanded by 1.1%, the softest since Q1 2025 and easing from an upwardly revised 1.5% growth in Q2 2026.
2026-10-14
Singapore Q2 GDP Growth Revised Higher
Singapore’s economy grew by 5.9% year-on-year in the second quarter of 2026, slowing from a 6.3% expansion in Q1, which was the strongest annual growth since Q3 2024, but exceeded advance estimates of 5.7%. Growth was driven by manufacturing, wholesale trade and finance & insurance, with robust global AI-related demand boosting electronics and precision engineering, as well as machinery, equipment and supplies in wholesale trade. Goods-producing industries expanded 10.5% (vs 7.9% in Q1), as manufacturing growth accelerated to 12.5% from 7.3%. Construction growth, however, slowed to 5.8% from 12.9%, as well as services-producing industries (4.9% vs 6.3%), despite stronger finance & insurance activity. On a seasonally adjusted quarterly basis, GDP grew 1.4%, up from 1.2% in Q1, bringing first-half growth to 6.1%. Reflecting stronger-than-expected H1 performance and an improved outlook for AI-related capital spending, MTI upgraded its 2026 GDP growth forecast to 4.5%-5.5% from 2%-4%.
2026-08-11
Singapore Q2 GDP Growth Beats Forecasts
Singapore’s economy advanced 5.7% yoy in Q2 2026, slowing from an upwardly revised 6.3% expansion in Q1, which was the strongest annual growth since Q3 2024, but remaining above estimates of 5.5%, according to preliminary estimates. Growth was mainly supported by the goods-producing sectors (10.4% vs 8.4% in Q1), with manufacturing output surging 12.2%, accelerating from 8.0% in the previous quarter due to strong AI-related demand. Construction growth eased (6.2% vs 12.9%). Meanwhile, the services sector moderated (4.6% vs 6.2% in Q1), mainly reflecting slower growth in wholesale & retail trade and transportation & storage (6.3% vs 9.3%), information & communications, finance & insurance, and professional services (3.9% vs 4.5%), as well as accommodation & food services, real estate, administrative & support services, and other services industries (2.7% vs 3.2%). Quarterly, GDP grew 1.1%, following an upwardly revised 1.3% expansion in Q1, marking the softest growth since Q1 2025.
2026-07-14