This brings growth for the whole of 2025 to 5%, slightly lower than 5.3% managed in 2024 but higher than the earlier forecast of 4% given last November.
Singapore has raised its GDP growth range estimates this year to 2 to 4%, from an earlier 1 to 3%, on an improved outlook where AI-led growth is seen to continue into 2026.
In the final quarter last year, Singapore's GDP was up 6.9% y-o-y, a pick up from 4.6% in the preceding 3Q, as stronger than expected AI-related electronics demand, an unexpectedly large pharmaceutical order, and the financial services sector did the heavy lifting.
