Singapore GDP 2025 +4.8%

According to data released by the Ministry of Trade and Industry (MTI), Singapore’s economy grew by 4.8 per cent in 2025, accelerating from 4.4 per cent in 2024.

In the fourth quarter of 2025, GDP expanded by 5.7 per cent year on year, while on a quarter-on-quarter seasonally adjusted basis, growth reached 1.9 per cent, compared with 2.4 per cent in the third quarter.

Economic performance was mainly supported by strong growth in the manufacturing sector, alongside a global surge in demand for AI-related products. Manufacturing output increased by 15 per cent in the fourth quarter compared with the same period of the previous year, up from 4.9 per cent in the prior quarter.

Growth was largely driven by the biomedical manufacturing and electronics clusters, supported by robust pharmaceutical output and sustained demand for artificial intelligence-related semiconductors, servers and related equipment.

The construction sector expanded by 4.2 per cent in the fourth quarter, slightly moderating from 5.1 per cent in the previous quarter. Wholesale and retail trade, together with the transportation and storage sectors, recorded a combined growth of 3.9 per cent year on year, up from 3.7 per cent in the previous quarter.

For 2026, MTI projects Singapore’s economy to grow between 1 and 3 per cent.

The Association of Southeast Asian Nations (ASEAN), a political and economic union of ten member states, has a population of 667 million and a combined territory of 4.5 million km². It is currently the third-largest economy in the Asia-Pacific region and the fifth-largest in the world. The ASEAN Economic Community (AEC) had a combined GDP of USD 4.2 trillion, according to 2025 estimates.