For the first three quarters of 2025, Singapore’s GDP growth averaged 4.3% y-o-y.
The Ministry of Trade and Industry (MTI) has upgraded its GDP growth forecast for 2025 to “around” 4%, from 1.5% to 2.5% previously, after Singapore’s economy did better than expected in the 3Q2025.
During the quarter, Singapore’s GDP expanded by 4.2% y-o-y, up from the 2.9% advance estimate and extending the 4.7% growth in the previous quarter. On a q-o-q seasonally-adjusted basis, the economy grew by 2.4%, faster than the 1.7% expansion in the 2Q2025.
