Thematic data tables from WDI. The Trading Economics Application Programming Interface (API) provides direct access to our data. The Ministry of Trade and Industry (MTI) today revised Singapore’s GDP growth forecast for 2020 downwards to “-7.0 to -4.0 per cent”.

Majority foreign-owned enterprises refer to enterprises with less than 50% local equity.Employment of enterprises refers to total employment excluding foreign domestic activities.Value-added of enterprises refers to Gross Value Added (GVA) less ownership of dwellings. This was the highest growth rate since Q1 2019, led by construction sector (4.3% vs 3.1 in Q3), transportation & storage (0.8% vs flat reading), accommodation & food services (2.5% vs 1.9%), information & communications (4.5% vs 4.4%), finance & insurance (4% vs 4.1%) business services (1.7% vs 1.1%) and other services (3.3% vs 2.4%). An animated overview of the Singapore economy, presenting the latest GDP, growth and industry breakdown, latest data and partners in investments in Singapore and abroad, profile of enterprises, and latest data and partners in trade in goods and services. Economic Performance in First Quarter 2020 The Singapore economy contracted by 0.7 per cent on a year-on-year basis in the first quarter, a reversal from the 1.0 per cent growth in the previous quarter. The ministry had projected economic growth for 2019 … TEForecast The GDP value of Singapore represents 0.31 percent of the world economy. The Gross Domestic Product (GDP) in Singapore was worth 372.06 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Singapore posted a gross domestic product (GDP) growth rate of 3.44 percent in 2018, after adjusting for inflation.

This page provides - Singapore GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Note: numbers may not add up to the totals due to roundingFor more information, please refer to the Themes Page Selected Countries and Economies.

This infographic is based on data compiled by the Department of Statistics, other government agencies and statutory boards. CSV XML EXCEL. “This latest advance GDP growth release confirms that the Singapore economy bottomed in the second quarter of 2019,” said OCBC’s head of treasury research and strategy Selena Ling. More about Obtain latest news and data; View dates of upcoming data releases; Sign up for alerts on key releases; Check out the newsletter.Search for data by themes or A-Z; Obtain time series and cross sectional tables from the SingStat Table Builder; Find out more about statistical concepts; Take the Quizzes.Learn more about the statistical standards, classifications, concepts and methods adopted by Singapore Department of Statistics, as well as other international classifications.Read about the Singapore Department of Statistics, our Vision and Mission, the Singapore Statistical System and more.Join us in shaping polices and empowering decision-making with insightful statistics.Enterprises comprise companies, businesses, non-profit organisations, ministries, statutory boards and government/government-aided schools.SMEs (i.e. DataBank. [71] Amid the COVID-19 pandemic , on 26 March 2020, Singapore's Ministry of Trade and Industry said it believed that the economy would contract by between 1% and 4% in 2020. GDP Growth Rate in Singapore averaged 6.22 percent from 1975 until 2020, reaching an all time high of 27.20 percent in the second quarter of 2010 and a record low of -41.20 percent in the second quarter of 2020.

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