economy

January 2, 2026

Singapore economy jumps 5.7% in fourth quarter, highest since 2021, on manufacturing growth

The advance figure was also up from the 4.2% growth in the quarter before, and pushed the country's full year GDP to 4.8%

Singapore economy jumps 5.7% in fourth quarter, highest since 2021, on manufacturing growth

TL;DR

  • Singapore's economy grew 5.7% year on year in the fourth quarter, the highest since 2021.
  • Manufacturing output increased by 15%, significantly boosting the quarterly growth.
  • Biomedical manufacturing and electronics clusters were key drivers of manufacturing growth.
  • Full-year GDP growth reached 4.8%, exceeding the Ministry of Trade and Industry's forecast of around 4%.
  • Most other sectors, including construction and services, experienced contractions.
  • Singapore topped the 2025 Global Talent Competitiveness Index.
  • Global trade risks, including US trade tariffs, were cited as potential challenges.
  • The country has a high dependence on trade, with its trade-to-GDP ratio exceeding 320%.

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