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Singapore Gross Domestic Product (GDP) Growth Rate

Price

1 %

3/1/2026

Change +/-

-0.3 %

Percentage Change

-23.08 %

The current value of the Gross Domestic Product (GDP) Growth Rate in Singapore is 1 %. The Gross Domestic Product (GDP) Growth Rate in Singapore decreased to 1 % on 3/1/2026, after it was 1.3 % on 12/1/2025. From 6/1/1975 to 3/1/2026, the average GDP in Singapore was 1.51 %. The all-time high was reached on 9/1/2020 with 9.3 %, while the lowest value was recorded on 6/1/2020 with -12.1 %.

Source: Statistics Singapore

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Gross Domestic Product (GDP) Growth Rate

3 Years
5 Years
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GDP Growth Rate

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Gross Domestic Product (GDP) Growth Rate History

Gross Domestic Product (GDP) Growth Rate — History
Date	Value
3/1/2026	1 %
12/1/2025	1.3 %
9/1/2025	1.9 %
6/1/2025	1.8 %
3/1/2025	0.6 %
9/1/2024	2.8 %
6/1/2024	1.1 %
3/1/2024	1.4 %
12/1/2023	1.4 %
9/1/2023	0.9 %
6/1/2023	0.6 %
3/1/2023	0.1 %
9/1/2022	0.2 %
6/1/2022	0.4 %
3/1/2022	1.7 %
12/1/2021	2 %
9/1/2021	0.9 %
3/1/2021	5.2 %
12/1/2020	3.8 %
9/1/2020	9.3 %
12/1/2019	0.1 %
9/1/2019	0.4 %
6/1/2019	0.7 %
3/1/2019	0.5 %
9/1/2018	0.7 %
6/1/2018	0.7 %
3/1/2018	0.5 %
12/1/2017	1 %
9/1/2017	2.4 %
6/1/2017	0.4 %
3/1/2017	0.5 %
12/1/2016	1.8 %
9/1/2016	1 %
6/1/2016	1.2 %
3/1/2016	1.1 %
9/1/2015	1.2 %
6/1/2015	1.2 %
12/1/2014	1.5 %
9/1/2014	0.9 %
6/1/2014	1 %
3/1/2014	0.8 %
12/1/2013	0.9 %
9/1/2013	0.7 %
6/1/2013	2 %
3/1/2013	0.9 %
12/1/2012	2.6 %
6/1/2012	0.9 %
3/1/2012	1.8 %
12/1/2011	0.6 %
9/1/2011	2.6 %
3/1/2011	1.9 %
12/1/2010	3.9 %
6/1/2010	6 %
3/1/2010	5.8 %
12/1/2009	1.5 %
9/1/2009	3.9 %
6/1/2009	4.2 %
3/1/2008	2.5 %
12/1/2007	0.4 %
9/1/2007	2.7 %
6/1/2007	2.3 %
3/1/2007	1.5 %
12/1/2006	3.9 %
9/1/2006	1.9 %
6/1/2006	1.1 %
3/1/2006	1.8 %
12/1/2005	3.2 %
9/1/2005	2.5 %
6/1/2005	2.5 %
3/1/2005	0.7 %
12/1/2004	2.3 %
9/1/2004	0.7 %
6/1/2004	1.6 %
3/1/2004	3 %
12/1/2003	2.9 %
9/1/2003	5.7 %
3/1/2003	1.3 %
9/1/2002	0.1 %
6/1/2002	2.9 %
3/1/2002	3 %
12/1/2001	0.6 %
12/1/2000	0.6 %
9/1/2000	3.3 %
6/1/2000	1.9 %
3/1/2000	3.3 %
12/1/1999	0.8 %
9/1/1999	1.9 %
6/1/1999	2.5 %
3/1/1999	1.8 %
12/1/1998	1.8 %
9/1/1997	1.6 %
6/1/1997	3.3 %
3/1/1997	3.1 %
12/1/1996	2.7 %
3/1/1996	3.4 %
12/1/1995	1 %
9/1/1995	4 %
6/1/1995	3 %
12/1/1994	1.5 %
9/1/1994	3.1 %
6/1/1994	1.1 %
3/1/1994	3.1 %
12/1/1993	3.9 %
9/1/1993	1.7 %
6/1/1993	4.3 %
3/1/1993	2.2 %
12/1/1992	2.7 %
9/1/1992	2.7 %
6/1/1992	1.2 %
3/1/1992	1.8 %
12/1/1991	0.8 %
9/1/1991	1.6 %
6/1/1991	1.4 %
3/1/1991	2.4 %
12/1/1990	1.6 %
9/1/1990	1.1 %
6/1/1990	1 %
3/1/1990	4.1 %
12/1/1989	2.3 %
9/1/1989	1.2 %
6/1/1989	5.7 %
3/1/1989	0.1 %
12/1/1988	2.6 %
9/1/1988	2.7 %
6/1/1988	4 %
3/1/1988	1.1 %
12/1/1987	2.9 %
9/1/1987	3.5 %
6/1/1987	3.2 %
3/1/1987	2.4 %
12/1/1986	2.6 %
9/1/1986	1.6 %
6/1/1986	1.3 %
3/1/1986	1 %
3/1/1985	1.2 %
12/1/1984	0.4 %
9/1/1984	1.2 %
6/1/1984	1.2 %
3/1/1984	3.2 %
12/1/1983	3 %
9/1/1983	2.1 %
6/1/1983	2.1 %
3/1/1983	2.6 %
12/1/1982	1.5 %
9/1/1982	1.5 %
6/1/1982	1.6 %
3/1/1982	1.3 %
12/1/1981	2 %
9/1/1981	2.2 %
6/1/1981	3.1 %
3/1/1981	3 %
12/1/1980	2.5 %
9/1/1980	2.2 %
6/1/1980	2 %
3/1/1980	1.6 %
12/1/1979	4.3 %
9/1/1979	1.8 %
6/1/1979	3.3 %
3/1/1979	0.2 %
12/1/1978	2.7 %
9/1/1978	3.9 %
6/1/1978	2.4 %
3/1/1978	0.8 %
12/1/1977	1.7 %
9/1/1977	1 %
6/1/1977	2.1 %
3/1/1977	2.2 %
12/1/1976	1 %
9/1/1976	2 %
6/1/1976	0.9 %
3/1/1976	2.8 %
12/1/1975	1.4 %
9/1/1975	2 %
6/1/1975	1.8 %

...

Similar Macro Indicators to Gross Domestic Product (GDP) Growth Rate

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GDP from Construction

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GDP from Manufacturing

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Current

789.529 B SGD

765.498 B SGD

Gross Domestic Product (GDP) Growth Rate

Since gaining independence in 1963, Singapore's economy has experienced rapid growth, resulting in one of the highest GDP per capita figures globally. The economy heavily relies on foreign trade, driven by port activities and the export of electronic components and refined oil. Its status as one of the freest, most competitive, and most business-friendly economies has made Singapore a leading recipient of foreign direct investment. Moreover, Singapore serves as an important financial center.

Macro pages for other countries in Asia

What is Gross Domestic Product (GDP) Growth Rate?

Gross Domestic Product (GDP) Growth Rate is a fundamental economic indicator that measures the rate at which a nation's economy is expanding or contracting over a specific period, typically annually or quarterly. As an expert source of macroeconomic data, Eulerpool recognizes the paramount importance of the GDP Growth Rate in dissecting the intricate layers of a country's economic health. In this comprehensive analysis, we delve into the intricacies of the GDP Growth Rate, its calculation, significance, implications, and the various factors that influence it. The calculation of the GDP Growth Rate is rooted in the comparison of a nation’s economic output from one period to the next. Essentially, it involves the summation of the value of all goods and services produced within a country's borders over a given timeframe. The growth rate is expressed as a percentage, indicating the relative increase or decrease in GDP from one period to the next. This calculation can be adjusted for inflation to provide a more accurate reflection of real growth, known as Real GDP Growth Rate, thus excluding the distorting effects of price changes. Understanding the significance of the GDP Growth Rate is key to appreciating its multifaceted role in economic analysis. This rate is often viewed as a barometer of a country's economic vitality. A positive GDP Growth Rate signals a thriving economy, characterized by increasing employment, consumer spending, and corporate investments. Conversely, a negative GDP Growth Rate can indicate economic turmoil, with potential repercussions such as rising unemployment, reduced consumer confidence, and declining business profits. GDP Growth Rate is also pivotal for policymakers and central banks. Governments rely on this metric to guide fiscal policies, such as taxation and public spending, aimed at stimulating or restraining economic activities as needed. Central banks, on the other hand, factor in GDP Growth Rates when setting monetary policies, particularly when adjusting interest rates to either curb inflation during periods of rapid growth or to stimulate borrowing and investment during economic downturns. From an investor's perspective, the GDP Growth Rate serves as an invaluable indicator for making informed decisions. Rapid economic growth often suggests profitable business opportunities and can, therefore, drive up stock prices and investment returns. Conversely, slowing or negative growth could suggest cautious investment strategies or reevaluation of portfolio risks. For businesses, understanding GDP dynamics can help in strategic planning, market expansion, and resource allocation. Numerous factors contribute to the fluctuation of GDP Growth Rates. Consumer spending is a primary driver, accounting for a significant portion of GDP in many economies. High consumer confidence and disposable income levels generally spur more spending on goods and services, thereby boosting GDP. Conversely, economic uncertainty or high unemployment can lead to reduced consumer spending and slower GDP growth. Investment by businesses in capital goods such as machinery, technology, and infrastructure is another crucial determinant. High levels of business investment can enhance productive capacity and efficiency, promoting economic growth. Conversely, reduced business investment, often driven by economic uncertainty or high borrowing costs, can stifle GDP growth. Government spending, inclusive of expenditures on public services, infrastructure, and social programs, also plays a pivotal role. Well-directed government spending can stimulate economic activity by creating jobs and increasing disposable income among the populace. However, excessive government spending, particularly if funded by debt, can lead to long-term economic issues like inflation and fiscal imbalances, which may dampen GDP growth. Net exports, the difference between a nation’s exports and imports, also influence GDP Growth Rates. A surplus in trade, where exports exceed imports, directly contributes to GDP growth by bringing in foreign income. Conversely, a trade deficit, where imports surpass exports, can detract from GDP growth. Technological advancements and productivity improvements are fundamental elements that can drive long-term sustainable GDP growth. Economies that leverage innovation and improve productivity can often achieve higher growth rates even with relatively stable input levels. Conversely, economies lagging in technological adoption and efficiency may experience slower growth. Moreover, demographic factors such as population growth and labor force participation heavily affect GDP growth. An expanding labor force can increase economic output. However, aging populations or declining birth rates pose significant challenges to maintaining robust GDP growth rates. Global economic conditions also impact national GDP Growth Rates. Economic slowdowns or recessions in major economies can have a ripple effect, reducing demand for exports and investment, which in turn affects the GDP of connected economies. Conversely, robust growth in global markets can stimulate demand for exports, positively influencing domestic GDP growth. Finally, economic policies, both domestic and international, play a crucial role. Trade policies, regulatory frameworks, and economic agreements can either facilitate or hinder economic growth. For instance, trade liberalization can open new markets and contribute to GDP growth, while protectionist policies can limit market access and constrain growth. In conclusion, the GDP Growth Rate is an essential gauge of economic performance, offering insights into the overall health and trajectory of an economy. Its implications stretch far and wide, influencing government policy, business strategies, investment decisions, and socio-economic well-being. At Eulerpool, we are dedicated to providing accurate and timely data on GDP Growth Rates, along with comprehensive analysis, to support our users in making well-informed economic and financial decisions. By understanding the dynamics that drive GDP growth, stakeholders can better navigate the complexities of economic landscapes and contribute to sustainable economic development.

Gross Domestic Product (GDP) Growth Rate Singapore — FAQ

What is the current Gross Domestic Product (GDP) Growth Rate in Singapore?

The current Gross Domestic Product (GDP) Growth Rate in Singapore is 1% as of 3/1/2026.

How has the Gross Domestic Product (GDP) Growth Rate in Singapore changed recently?

The Gross Domestic Product (GDP) Growth Rate in Singapore decreased from 1.3% (12/1/2025) to 1% (3/1/2026).

What is the all-time high for Gross Domestic Product (GDP) Growth Rate in Singapore?

The all-time high for Gross Domestic Product (GDP) Growth Rate in Singapore was 9.3%, recorded on 9/1/2020.

What is the all-time low for Gross Domestic Product (GDP) Growth Rate in Singapore?

The all-time low for Gross Domestic Product (GDP) Growth Rate in Singapore was -12.1%, recorded on 6/1/2020.

What is the historical average of Gross Domestic Product (GDP) Growth Rate in Singapore?

The historical average of Gross Domestic Product (GDP) Growth Rate in Singapore is 1.51%, calculated over the period from 6/1/1975 to 3/1/2026.

Where does the Gross Domestic Product (GDP) Growth Rate data for Singapore come from?

The Gross Domestic Product (GDP) Growth Rate data for Singapore is sourced from Statistics Singapore and published on Eulerpool.

Key Figures

Country

Singapore

Continent

Asia

Highest Value

9.3

Lowest Value

-12.1

Average Value

1.51

The edge that pays for itself.

Singapore Gross Domestic Product (GDP) Growth Rate

Gross Domestic Product (GDP) Growth Rate

Gross Domestic Product (GDP) Growth Rate

Gross Domestic Product (GDP) Growth Rate History

Similar Macro Indicators to Gross Domestic Product (GDP) Growth Rate

Annual GDP Growth

Annual GDP Growth Rate

GDP

GDP at constant prices

GDP from Construction

GDP from Manufacturing

GDP from Services

GDP from the Transportation Sector

GDP from Utilities

GDP Growth for the Full Year

GDP per capita

GDP per capita PPP

Gross Capital Expenditure

Gross National Income

Gross Domestic Product (GDP) Growth Rate

Macro pages for other countries in Asia

What is Gross Domestic Product (GDP) Growth Rate?

Gross Domestic Product (GDP) Growth Rate Singapore — FAQ

Key Figures

All Macro Indicators for Singapore