Singapore GDP Growth Rate (2026)
Singapore has a highly developed and trade-dependent economy supported by finance, technology, manufacturing, logistics, and international services. This page explores its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+3.5%
Annual real GDP growth
World Rank
#73
Out of 195 countries
Change vs 2025
-1.5 pp
2025: +5.0%
Asia Rank
#24
Out of 49 countries
1. Singapore GDP Growth Rate in 2026
Singapore’s economic growth is strongly influenced by global trade, electronics demand, financial services, manufacturing, and tourism. External demand and international business conditions are particularly important.
2. Singapore GDP Growth Rate Trends (1980–2026)
Singapore’s growth history reflects rapid development into a major global trade, finance, and logistics hub. Investment, productivity, exports, and integration with Asian markets have driven long-term expansion.
3. Singapore GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +3.5% | -1.5 pp |
| 2025 | +5.0% | -0.3 pp |
| 2024 | +5.3% | +3.9 pp |
| 2023 | +1.4% | -2.6 pp |
| 2022 | +4.0% | -6.1 pp |
| 2021 | +10.1% | +13.7 pp |
| 2020 | -3.6% | -4.8 pp |
| 2019 | +1.2% | -2.0 pp |
| 2018 | +3.2% | -1.1 pp |
| 2017 | +4.3% | +0.4 pp |
| 2016 | +3.9% | +0.9 pp |
| 2015 | +3.0% | -0.9 pp |
| 2014 | +3.9% | -0.9 pp |
| 2013 | +4.8% | +0.4 pp |
| 2012 | +4.4% | -1.8 pp |
| 2011 | +6.2% | -8.3 pp |
| 2010 | +14.5% | +14.4 pp |
| 2009 | +0.1% | -1.8 pp |
| 2008 | +1.9% | -7.1 pp |
| 2007 | +9.0% | 0.0 pp |
| 2006 | +9.0% | +1.6 pp |
| 2005 | +7.4% | -2.5 pp |
| 2004 | +9.9% | +5.4 pp |
| 2003 | +4.5% | +0.6 pp |
| 2002 | +3.9% | +5.0 pp |
| 2001 | -1.1% | -10.1 pp |
| 2000 | +9.0% | +3.3 pp |
| 1999 | +5.7% | +7.9 pp |
| 1998 | -2.2% | -10.5 pp |
| 1997 | +8.3% | +0.8 pp |
| 1996 | +7.5% | +0.3 pp |
| 1995 | +7.2% | -3.9 pp |
| 1994 | +11.1% | -0.4 pp |
| 1993 | +11.5% | +4.9 pp |
| 1992 | +6.6% | -0.1 pp |
| 1991 | +6.7% | -3.1 pp |
| 1990 | +9.8% | -0.4 pp |
| 1989 | +10.2% | -1.1 pp |
| 1988 | +11.3% | +0.5 pp |
| 1987 | +10.8% | +9.5 pp |
| 1986 | +1.3% | +1.9 pp |
| 1985 | -0.6% | -9.4 pp |
| 1984 | +8.8% | +0.2 pp |
| 1983 | +8.6% | +1.5 pp |
| 1982 | +7.1% | -3.7 pp |
| 1981 | +10.8% | +0.7 pp |
| 1980 | +10.1% | — |
4. Singapore GDP Growth Performance
Current Growth Rate
+3.5%
(2026 to 2026)
5-Year Average
+3.8%
(2022 to 2026)
10-Year Average
+3.4%
(2017 to 2026)
20-Year Average
+4.3%
(2007 to 2026)
Singapore benefits from strong institutions, advanced infrastructure, and high-value industries. Its openness to global trade means economic activity can respond quickly to changes in electronics, shipping, finance, and regional demand.
5. Singapore GDP Growth Rate vs Asia and World
Singapore
+3.5%
Asia Average
+2.4%
World Average
+2.8%
0.0%
1.8%
3.5%
Annual real GDP growth (%)
Singapore’s GDP growth rate is approximately
1.2 pp
above the
Asia average
and
0.7 pp
above the world average.
6. Singapore GDP Growth Rate Ranking in Asia
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #20 | Laos | +4.0% |
| #21 | Lebanon | +4.0% |
| #22 | Pakistan | +3.7% |
| #23 | Israel | +3.5% |
| #24 | Singapore | +3.5% |
| #25 | Oman | +3.5% |
| #26 | Turkey | +3.4% |
| #27 | United Arab Emirates | +3.1% |
| #28 | Saudi Arabia | +3.1% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Singapore
Singapore GDP (Nominal)
$659.6 Billion
(2026)
Singapore GDP Growth Rate
+3.5%
(2026)
Singapore generally grows faster than many mature Western economies but remains highly sensitive to global trade cycles. Its position as a regional business hub closely links performance to Asian and global economic conditions.
Explore more:
Singapore GDP
9. Singapore GDP Growth Rate Forecast
The outlook depends on global trade, technology demand, finance, tourism, investment, and regional growth. External slowdowns and geopolitical trade tensions remain important risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +2.7% | -0.8 pp |
| 2028 | +2.5% | -0.2 pp |
| 2029 | +2.5% | 0.0 pp |
| 2030 | +2.5% | 0.0 pp |
10. Singapore GDP Growth Rate: Key Findings
Singapore GDP growth rate is estimated at +3.5% in 2026.
It ranks #73 globally and #24 in Asia by annual GDP growth rate.
The growth rate slowed by 1.5 percentage points compared with 2025.
The 5-year average GDP growth rate is +3.8%.
The 10-year average GDP growth rate is +3.4%.
The current rate is 1.2 percentage points above the Asia average.
The current rate is 0.7 percentage points above the world average.
The forecast GDP growth rate is +2.5% in 2030, 1.0 percentage points below the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Singapore GDP Growth Rate FAQs
Singapore GDP growth rate is estimated at +3.5% in 2026.
Singapore ranks #73 globally and #24 in Asia by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +3.5% in 2026.
Singapore GDP growth rate was +3.0% in 2015.
Singapore GDP growth rate is 1.2 percentage points above the Asia average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.