The economy of Singapore expanded a seasonally-adjusted annualized 4.7 percent quarter-on-quarter in the third quarter of 2018, well above the 1.2 percent final growth for the previous quarter but missing expectations of a 4.9 percent increase. It was the fastest expansion in four quarters, mainly nudged by further growth in manufacturing (7.6 percent vs 2.9 percent in Q2) and services (6.3 percent vs 0.7 percent), and a rebound in construction (1.7 percent vs -14.5 percent). GDP Growth Rate in Singapore averaged 6.76 percent from 1975 until 2018, reaching an all time high of 36.60 percent in the first quarter of 2010 and a record low of -13.50 percent in the fourth quarter of 2008.

Singapore GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-13 12:00 AM GDP Growth Rate QoQ Adv 1.0% 1.5% 1.2% 1.5%
2018-08-13 12:00 AM GDP Growth Rate QoQ Final 0.6% 2.2% 1.4% 1.1%
2018-10-12 12:00 AM GDP Growth Rate QoQ Adv 4.7% 0.6% 4.9% 2%
2018-11-23 12:00 AM GDP Growth Rate QoQ Final 1.2% 1.3% 4.7%


Singapore GDP Last Previous Highest Lowest Unit
GDP Growth Rate 4.70 1.20 36.60 -13.50 percent [+]
GDP Annual Growth Rate 2.60 4.10 19.00 -8.80 percent [+]
GDP 323.91 309.76 323.91 0.70 USD Billion [+]
GDP Constant Prices 108395.10 108120.00 108395.10 7052.30 SGD Million [+]
Gross National Product 431376.50 405836.50 431376.50 2195.90 SGD Million [+]
Gross Fixed Capital Formation 28187.50 26138.90 28684.50 1874.00 SGD Million [+]
GDP per capita 55235.51 53353.80 55235.51 3389.60 USD [+]
GDP per capita PPP 85535.38 82621.50 85535.38 34344.70 USD [+]
GDP From Construction 4312.90 4507.10 4847.60 508.90 SGD Million [+]
GDP From Manufacturing 21356.60 21085.30 21356.60 1303.30 SGD Million [+]
GDP From Mining 72280.80 72486.50 72486.50 4133.60 SGD Million [+]
GDP From Services 19683.70 19518.70 20107.10 1333.10 SGD Million [+]
GDP From Transport 8151.60 8214.20 8297.20 543.10 SGD Million [+]
GDP From Utilities 1359.50 1344.70 1364.60 130.20 SGD Million [+]


Singapore GDP Growth Rate

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. Singapore GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.70 1.20 36.60 -13.50 1975 - 2018 percent Quarterly
SA




Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Canada 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
Germany -0.20 Sep/18
Japan -0.30 Sep/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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