Singapore: Economic growth, quarterly

* indicates monthly or quarterly data series
 Singapore

Economic growth, percent change in quarterly real GDP

 Latest value 2.7
 Reference Q1 2024
 Measure percent
 Data availability Q1 1976 - Q1 2024
 Average 6.19
 Min - Max -11.8 - 18.6
 Source Department of Statistics Singapore
The latest data from Q1 2024 show economic growth of 2.7 percent, which is an increase from the rate of growth of 2.2 percent in the previous quarter and an increase compared to the growth rate of 0.5 percent in the same quarter last year. The economic growth time series for Singapore cover the period from Q1 1976 to Q1 2024. During that time span, the average growth rate for Singapore was 6.19 percent. The lowest rate of growth of -11.8 percent was recorded in Q2 2020 while the highest growth rate was 18.6 percent in Q2 2010. See more information about that indicator and compare to other countries on our Economic growth page.
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* indicates monthly or quarterly data series


Recent values chart
Singapore - Economic growth, quarterly  - recent values

Historical chart
Singapore - Economic growth, quarterly  - historical chart - 1976-2024
Measure: percent
Source: Department of Statistics Singapore


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Definition: The percent change in the Gross Domestic Product from the same quarter last year using constant prices.

 Related indicators Latest value Reference Measure
 Economic growth 3.65 2022 percent
 GDP, constant dollars 379.7 2022 billion U.S. dollars
 GDP, current U.S. dollars 466.79 2022 billion U.S. dollars
 GDP per capita, current dollars 82,807.63 2022 U.S. dollars
 GDP per capita, PPP 108,036 2022 U.S. dollars
 GDP per capita, constant dollars 67,359.79 2022 U.S. dollars
 Economic growth, quarterly 1.00 Q3/2023 percent
 Economic growth Q-on-Q 1.00 Q3/2023 percent
 Gross Domestic Product (GDP) 168.37 Q3/2023 billion
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