Singapore’s GDP growth averaged 4.3% y-o-y for the first three quarters of 2025. MTI says it is upgrading its 2025 GDP growth forecast to “around” 4% from 1.5% to 2.5% previously. The country’s GDP growth for 2026 is expected to come in at 1% to 3%, MTI adds.
Economists from Maybank Securities, OCBC Investment Research, RHB Bank Singapore, and United Overseas Bank (UOB) upgraded their 2025 GDP growth forecast for Singapore after the city-state’s 3Q2025 GDP print came in better than expected.
On Nov 21, the Ministry of Trade and Industry (MTI) announced that Singapore’s GDP grew by 4.2% y-o-y in the third quarter, up from an advance estimate of 2.9% released in October.
