Singapore economy expands 5.7% in Q4 2025, full-year growth at 4.8%

Manufacturing-led rebound lifted quarterly growth, whilst services expanded steadily.

Singapore’s economy expanded in Q4 as its gross domestic product grew by 5.7% year on year (YoY), up from 4.3% in the previous quarter, according to advance estimates released by the Ministry of Trade and Industry (MTI).

On a seasonally adjusted quarter-on-quarter (QoQ) basis, GDP rose 1.9%, easing from 2.4% growth in Q3. For the full year, the economy expanded 4.8%, extending the 4.4% growth recorded in 2024.

Goods-producing industries led the expansion, growing 12.3% YoY, driven by a 15.0% increase in manufacturing output. MTI attributed the rise to higher production in the biomedical manufacturing and electronics clusters, supported by pharmaceuticals output and sustained demand for AI-related semiconductors and servers.

Construction output increased 4.2% YoY but contracted 0.4% on a QoQ basis. Services-producing industries grew 3.8%, with wholesale and retail trade, transportation and storage expanding 3.9%, whilst the information and communications, finance and insurance, and professional services cluster rose 4.2%.

Other services, including accommodation and food services and real estate, grew 3.2%, slowing from the previous quarter.

MTI said it will release preliminary GDP estimates for the fourth quarter and full year, including detailed breakdowns of growth and productivity, in the Economic Survey of Singapore in February 2026.