Singapore GDP Q1 2026 +4.6%

According to preliminary estimates from the Ministry of Trade and Industry, Singapore’s economy registered a year-on-year growth of 4.6 per cent in the first quarter of 2026, a decrease from the 5.7 per cent growth recorded in the previous quarter.

On a seasonally-adjusted quarter-on-quarter basis, the economy shrunk by 0.3 per cent, reversing the 1.3 per cent rise in the fourth quarter of 2025.

During the first quarter of 2026, the manufacturing sector expanded by 5.0 per cent year-on-year, a decline from the 11.4 per cent performance achieved over the previous quarter. The main growth driver is an output increase in the electronics, transport engineering and precision engineering clusters.

At the same time, the construction sector grew by 9 per cent, while the wholesale and retail trade and transportation and storage sectors collectively expanded by 6.7 per cent. Information and communications, finance and insurance and professional services sectors rose by 3.9 per cent as a group, a slight increase from the 3.7 per cent growth achieved over the previous quarter.

The International Monetary Fund estimates Singapore’s real GDP growth rate at 1.8 per cent for 2026.

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