Singapore GDP Annual Growth Rate  1976-2018 | Data | Chart | Calendar

The economy of Singapore advanced 3.8 percent year-on-year in the second quarter of 2018, according to advance data, losing steam from a downwardly revised 4.3 percent climb in Q1 and below consensus expectations of a 4 percent expansion. Manufacturing and services lost steam, whereas construction contracted at a slower pace. On a quarter-on-quarter annualized basis, the economy expanded 1.0 percent after a downwardly revised 1.5 percent growth. GDP Annual Growth Rate in Singapore averaged 6.65 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.

Singapore GDP Annual Growth Rate
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Singapore GDP Growth Slows to 3.8% YoY in Q2


The economy of Singapore advanced 3.8 percent year-on-year in the second quarter of 2018, according to advance data, losing steam from a downwardly revised 4.3 percent climb in Q1 and below consensus expectations of a 4 percent expansion. Manufacturing and services lost steam, whereas construction contracted at a slower pace.

Within the goods producing industries, manufacturing output grew at slower pace of 8.6 percent (vs 9.7 percent in the previous quarter), with all clusters expanding during the quarter and electronics and biomedical engineering contributing the most to the sector’s growth. On the other hand, construction output shrank by 4.4 percent after a 5.2 percent contraction in the previous quarter, explained primarily by weakness in private construction works.

The services producing industries also lost steam, expanding 3.4 percent in the second quarter after growing by 4.0 percent in the previous three months. Growth was mainly supported by finance & insurance and wholesale & retail trade.

On a quarter-on-quarter seasonally-adjusted annualized basis, the GDP rose by 1.0 percent, below the 1.5 percent expansion in the previous quarter.

The Ministry of Trade and Industry expects GDP growth for 2018 between 2.5 to 3.5 percent.


Mario | mario@tradingeconomics.com
7/13/2018 9:35:22 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-04-13 12:00 AM GDP Growth Rate YoY Adv 4.3% 3.6% 4.3% 4.1%
2018-05-24 12:00 AM GDP Growth Rate YoY Final 4.4% 3.6% 4.3% 3.9%
2018-07-13 12:00 AM GDP Growth Rate YoY Adv 3.8% 4.3% 4% 3.7%
2018-08-10 12:00 AM GDP Growth Rate YoY Final 4.3% 3.9%
2018-10-12 12:00 AM GDP Growth Rate YoY Adv 2.2%
2018-11-23 12:00 AM GDP Growth Rate YoY Final


Singapore GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 1.50 36.60 -13.50 percent [+]
GDP Annual Growth Rate 3.80 4.30 19.00 -8.80 percent [+]
GDP 323.91 309.76 323.91 0.70 USD Billion [+]
GDP Constant Prices 108120.00 107657.70 108120.00 7052.30 SGD Million [+]
Gross National Product 431376.50 405836.50 431376.50 2195.90 SGD Million [+]
Gross Fixed Capital Formation 26138.90 28242.70 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 4507.10 4488.20 4847.60 508.90 SGD Million [+]
GDP From Manufacturing 21085.30 20059.10 21085.30 1303.30 SGD Million [+]
GDP From Mining 72280.80 72486.50 72486.50 4133.60 SGD Million [+]
GDP From Services 19518.70 20107.10 20107.10 1333.10 SGD Million [+]
GDP From Transport 8214.20 8297.20 8297.20 543.10 SGD Million [+]
GDP From Utilities 1344.70 1358.60 1364.60 130.20 SGD Million [+]


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. 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.80 4.30 19.00 -8.80 1976 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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