Singapore GDP Q3 2025 +2.9%

According to data released by the Ministry of Trade and Industry, Singapore’s economy grew by 2.9 per cent in the third quarter of 2025, slower than the 4.5 per cent growth recorded in the second quarter.

On a seasonally adjusted quarter-on-quarter basis, gross domestic product rose by 1.3 per cent, slightly below the 1.5 per cent increase in the second quarter.

The moderation was largely due to a significant slowdown in the goods-producing industries, which grew by just 0.6 per cent year on year, compared to 4.8 per cent in Q2.

Within the main sectors, manufacturing output was broadly unchanged from a year earlier but increased by 6.1 per cent quarter on quarter. Construction expanded by 3.1 per cent, while the services-producing industries grew by 3.5 per cent, continuing to provide the main support to overall growth.

In its latest outlook, the International Monetary Fund estimated Singapore’s GDP growth rate to be 2.2 per cent in 2025.

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 2024 estimates.