The economy of Singapore grew an annual 2.2 percent in the fourth quarter of 2018, following an upwardly revised 2.3 percent expansion in the previous three-month period and missing market expectations of 2.7 percent, a preliminary estimate showed. It was the weakest growth rate since the third quarter of 2016 as services expansion slowed and construction output continued to fall. GDP Annual Growth Rate in Singapore averaged 6.63 percent from 1976 until 2018, reaching an all time high of 19 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 expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Singapore to stand at 2.50 in 12 months time. In the long-term, the Singapore GDP Annual Growth Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.