GDP growth (annual) · Singapore
Singapore GDP Growth Rate YoY Final
The Singapore GDP Growth Rate YoY Final measures how much the economy of Singapore grew compared with the same period a year earlier.
- Importance
- Medium
- Released
- Quarterly
- Next release
- Currency
- SGD · Singapore dollar
- Central bank
- The Monetary Authority of Singapore
Latest figures
The latest release for Q2, published on 11 August 2026, came in at 5.9%, in line with the consensus of 5.9%, down from 6.3% the time before.
A result in line with the consensus usually causes little reaction: it was already priced in.
Over the last 7 releases it ranged from 3.9% to 6.9%, averaging 5.2%; it has been falling for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 11 Aug 2026 | Q2 | 5.9% | 5.9% | 6.3% |
| 25 May 2026 | Q1 | 6% | 5.1% | 5.7% |
| 10 Feb 2026 | Q4 | 6.9% | 5.7% | 4.6% ® |
| 21 Nov 2025 | Q3 | 4.2% | 2.9% | 4.7% ® |
| 12 Aug 2025 | Q2 | 4.4% | 4.3% | 4.1% ® |
| 22 May 2025 | Q1 | 3.9% | 3.6% | 5.0% |
| 14 Feb 2025 | Q4 | 5.0% | – | 5.7% ® |
Why it matters
The yearly rate is less noisy than the quarterly change and is the figure most people mean by "economic growth". It shapes the earnings outlook for local companies, tax revenue, and the Monetary Authority of Singapore's view of how much spare capacity the economy has.
How it is calculated
the Department of Statistics (SingStat) compares real GDP (after inflation) with the same quarter or year before; full-year figures sum the four quarters.
Growth (yoy) = real GDP ÷ real GDP a year ago − 1What changes mean
- Growth above the country's trend (about 1–2% for advanced economies, more for emerging ones) tends to raise inflation pressure.
- Annual growth turns only slowly; the quarterly figure shows turning points earlier.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the Singapore dollar and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the Singapore dollar tends to soften and markets price in lower rates.
A short history
Annual national accounts spread after the Second World War under the UN System of National Accounts (first edition 1953).
MAS steers the Singapore dollar's exchange rate rather than an interest rate.
Questions
What is the Singapore GDP Growth Rate YoY Final?
The Singapore GDP Growth Rate YoY Final measures how much the economy of Singapore grew compared with the same period a year earlier.
What was the latest Singapore GDP Growth Rate YoY Final?
5.9% for Q2, published on 11 August 2026 (consensus 5.9%, previous 6.3%).
When is the next Singapore GDP Growth Rate YoY Final?
On Wednesday 25 November 2026 at 00:00 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.