Singapore GDP growth slows to 4.3% YoY in Q4

On a sequential basis, GDP also grew slower.

Singapore’s gross domestic product (GDP) grew slower in Q4 2024, increasing 4.3% YoY, advance estimates from the Ministry of Trade and Industry (MTI) showed.

In Q3 2024, the GDP grew by 5.4% YoY.

On a quarter-on-quarter basis, GDP expanded by 0.1%, also slower than the 3.2% growth in the preceding quarter.

The goods-producing industries saw expansions, with manufacturing posting a 4.2% YoY growth and construction recording a 5.9% YoY increase.

All services-producing industries also recorded year-on-year expansions, led by “wholesale & retail trade and transportation & storage" (+5.6% YoY) and followed by "information & communications, finance & insurance and professional services" (+3.7% YoY), and "accommodation & food services, real estate, administrative & support services" (+2.6% YoY).

Follow the link for more news on

Ministry of Trade and Industry

Singapore GDP

Also Read

Gov't concludes review of Singapore Standard Industrial Classification

Singapore economy showing early signs of fatigue amidst trade concerns: Analysts

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit