Singapore GDP 2025 +5%

According to data released by the Ministry of Trade and Industry (MTI), Singapore’s economy grew by 5 per cent in 2025, higher than the increase estimate of 4.8 per cent.

In the fourth quarter of 2025, GDP expanded by 6.9 per cent year on year, while on a quarter-on-quarter seasonally adjusted basis, growth reached 2.1 per cent, compared with 2.6 per cent in the third quarter.

Economic performance was mainly supported by strong growth in the manufacturing industry, alongside with wholesale trade, and finance and insurance sectors. Manufacturing output increased by 7.6 per cent year-on-year during 2025, compared to the 15 per cent increase in the last quarter.

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

The construction sector remained robust, expanding by 4.9 per cent year-on-year during 2025, compared to the 4.2 increase in the last quarter of the same year. Wholesale and retail trade, together with the transportation and storage sectors, recorded a combined growth of 4.5 per cent year on year, up from 3.9 per cent in the fourth quarter.

For 2026, MTI projects Singapore’s economy to grow by 1.8 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.