Singapore GDP Growth Rate (YoY)
Singapore's GDP growth rate (YoY) slowed to 2.9% in Q3 2025, down from 4.5% in Q2 2025. This is the lowest growth rate since Q3 2023. The manufacturing sector's flat performance with output declines in biomedical and general manufacturing, drove the moderation. Growth in wholesale and retail trade and transportation and storage eased, although the services sector continued to expand. The construction sector also saw its growth moderate. Singapore's record low GDP growth rate (YoY) was -11.9% in Q2 2020 and record high was 18.62% in Q2 2010.
Quarterly Historical Data (1976-2025)
(in %)Recent Events
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Singapore GDP Growth Rate (YoY) : Definition
Singapore's year-on-year (YoY) GDP growth rate shows the percentage change in the nation's total economic output compared to the same quarter in the prior year. It is calculated by comparing the current quarter's Gross Domestic Product (GDP) value against the GDP value from the identical quarter of the preceding year. GDP represents the total value of goods and services produced. As Singapore's economy is significantly driven by international trade, export and import activities are important factors affecting this growth measure.