Singapore GDP Annual Growth Rate 1976-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Singapore expanded 2.10 percent in the first quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in Singapore averaged 6.79 percent from 1976 until 2015, reaching an all time high of 19.80 percent in the second quarter of 2010 and a record low of -8.90 percent in the first quarter of 2009. GDP Annual Growth Rate in Singapore is reported by the Statistics Singapore.

      Forecast    
Singapore GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.10 19.80 -8.90 1976 - 2015 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. Content for - Singapore GDP Annual Growth Rate - was last refreshed on Tuesday, April 21, 2015.


Singapore Economy Grows at Steady Pace in Q1


The Singapore's economy expanded by 2.1 percent on a year-on-year basis in the first quarter of 2015, the same pace as in the preceding three month period as an expansion in the construction and the services sector offset a decline in the manufacturing.

Year-on-year, the manufacturing sector contracted by 3.4 percent, following a 1.3 percent growth in the previous quarter. The contraction was due to a fall in output in the transport engineering, electronics and precision engineerings clusters.

The construction sector expanded by 3.3 percent following a  0.7  in the previous quarter, due to a pick-up in private sector construction activities. 

Services producing industries grew by 3.1 percent, the same growth as in the previous quarter. Growth was supported by sectors such as the wholesale & retail and business services.

On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded at a slower pace of 1.1 percent, compared to 4.9 percent in the previous quarter. The manufacturing sector contracted by 2.3 percent, while the construction grew by 13.8 percent and services sector shrank by 0.4 percent.

Singstat l Rida Husna l rida@tradingeconomics.com
4/14/2015 10:56:33 AM


Recent Releases

Singapore Economic Growth At Almost 2-Year Low
The Singapore economy expanded by 2.1 percent on a year-on-year basis in the fourth quarter of 2014, easing from the 2.8 percent rise in the preceding quarter as stronger growth in services was not enough to offset a decline in manufacturing. Published on 2015-02-17

Singapore Economic Growth Slows in Q4
Singapore GDP expanded by 1.5 percent on a year on year basis in the fourth quarter of 2014, compared to 2.8 percent growth reported in the previous period, according to advance estimates. While expansion in construction and services moderated, manufacturing contracted. Published on 2015-01-02


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-01-02 12:00 AM
GDP Growth Rate YoY Adv  Q4
1.5% 2.8% 2.0% 1.82%
2015-02-17 12:00 AM
GDP Growth Rate YoY Final  Q4
2.1% 2.8% 1.7% 1.5%
2015-04-14 01:00 AM
GDP Growth Rate YoY Adv  Q1
2.1% 2.1% 1.8% 1.9%
2015-05-25 01:00 AM
GDP Growth Rate YoY Final  Q1
2.1%
2015-07-14 01:00 AM
GDP Growth Rate YoY Adv  Q2
0.77%
2015-08-12 01:00 AM
GDP Growth Rate YoY Final  Q2


Singapore GDP Last Previous Highest Lowest Unit
GDP 297.94 286.91 297.94 0.70 USD Billion [+]
GDP Growth Rate 1.10 4.90 36.40 -13.00 percent [+]
GDP Annual Growth Rate 2.10 2.10 19.80 -8.90 percent [+]
GDP Constant Prices 96289.00 95142.00 96289.00 7052.10 SGD Million [+]
Gross National Product 378329.70 366618.40 378329.70 2195.90 SGD Million [+]
GDP per capita 36897.87 36110.13 36897.87 2529.86 USD [+]
Gross Fixed Capital Formation 24332.20 23818.10 25202.50 1860.50 SGD Million [+]
GDP per capita PPP 76236.79 74609.19 76236.79 34202.17 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.50 Nov/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Nov/14 -0.60 10.10 -3.15 percent [+]
Canada 2.63 Nov/14 2.75 8.80 -3.70 percent [+]
China 7.00 Feb/15 7.30 14.20 3.80 percent [+]
Euro Area 0.90 Nov/14 0.80 5.00 -5.50 percent [+]
France 0.24 Nov/14 0.41 12.50 -3.92 percent [+]
Germany 1.60 Nov/14 1.20 5.20 -6.80 percent [+]
India 7.50 Nov/14 8.20 11.40 -5.20 percent [+]
Indonesia 5.01 Nov/14 4.92 7.16 1.56 percent [+]
Italy -0.50 Nov/14 -0.50 10.30 -6.90 percent [+]
Japan -0.80 Nov/14 -1.40 9.40 -9.40 percent [+]
Mexico 2.60 Nov/14 2.20 8.50 -8.10 percent [+]
Netherlands 1.40 Nov/14 1.00 5.80 -4.40 percent [+]
Russia 0.40 Nov/14 0.90 12.10 -11.20 percent [+]
South Korea 2.70 Nov/14 3.20 18.20 -7.30 percent [+]
Spain 2.50 Feb/15 2.00 5.80 -4.40 percent [+]
Switzerland 1.90 Nov/14 1.90 7.30 -3.70 percent [+]
Turkey 2.60 Nov/14 1.90 12.60 -14.70 percent [+]
United Kingdom 3.00 Nov/14 2.80 9.80 -5.80 percent [+]
United States 2.40 Nov/14 2.70 13.40 -4.10 percent [+]