Singapore GDP Q3 2025 +4.2%

According to data released by the Ministry of Trade and Industry (MTI), Singapore’s economy grew by 4.2 per cent in the third quarter of 2025.

On a seasonally adjusted quarter-on-quarter basis, gross domestic product rose by 2.4 per cent, slightly below the 1.5 per cent increase in the second quarter.

For the first three quarters of 2025, Singapore’s GDP growth averaged 4.3 per cent year-on-year.

MTI reported that Singapore’s main trading partners performed better than expected in the third quarter. Export demand from China and Vietnam remained solid, supported by ongoing trade diversion and adjustments in regional supply chains.

Within manufacturing, activity was driven by the electronics, transport engineering, and biomedical clusters.

For 2026, Singapore’s GDP growth is forecast to range between 1 and 3 per cent, according to MTI.

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.