Key data points
Last release
—
Observation period
Q1 2024
Next release
—
Forecast
—
Highest
9.00% on Sep 30, 2020
Lowest
−11.90% on Jun 30, 2020
About Singapore GDP Growth Rate
Since gaining independence in 1963, Singaporean economy has been growing rapidly and as a result the country has now one of the highest GDP per capita in the world. The economy depends heavily on foreign trade; both from port activities and from exports of electronic components and refined oil. The country is a leading foreign direct investment recipient due to its status of one of the freest, most competitive and most business-friendly economies in the world. Singapore is also an important financial center.