Singapore: Economic growth Q-on-Q
* indicates monthly or quarterly data series
The most recent value is -0.8 percent as of Q1 2025, a decline compared to the previous value of 0.5 percent. Historically, the average for Singapore from Q2 1975 to Q1 2025 is 1.5 percent. The minimum of -12.1 percent was recorded in Q2 2020, while the maximum of 9.1 percent was reached in Q3 2020.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Department of Statistics Singapore
| Recent values | Singapore: Economic growth, quarterly |
|---|---|
| 2025 Q1 | -0.8 |
| 2024 Q4 | 0.5 |
| 2024 Q3 | 3 |
| 2024 Q2 | 1.1 |
| 2024 Q1 | 0.3 |
| 2023 Q4 | 1.2 |
| 2023 Q3 | 0.9 |
| 2023 Q2 | 0.9 |
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Definition: The percent change in the Gross Domestic Product from the previous quarter using constant prices. Data are seasonally adjusted.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth | 1.08 | 2023 | percent |
| GDP, constant dollars | 387.1 | 2023 | billion U.S. dollars |
| GDP, current U.S. dollars | 501.43 | 2023 | billion U.S. dollars |
| GDP per capita, current dollars | 84,734.26 | 2023 | U.S. dollars |
| GDP per capita, PPP | 127,544 | 2023 | U.S. dollars |
| GDP per capita, constant dollars | 65,422.46 | 2023 | U.S. dollars |
| Economic growth, quarterly | 3.80 | Q1/2025 | percent |
| Economic growth Q-on-Q | -0.80 | Q1/2025 | percent |
| Gross Domestic Product (GDP) | 187.87 | Q4/2024 | billion |