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GDP Growth in Singapore

Source: World Bank, National Statistical Office, IMF estimates (Oct 2020)
Last Updated: Feb 8, 2021

Singapore's GDP growth amounted to 0.733 % in 2019 according to the the National Statistical Office. This is 2.707 % less than in the previous year (3.44 %).

Historically, GDP growth in Singapore reached an all time high of 14.5 % in 2010 and an all time low of -3.68 % in 1964. When compared to Singapore's main peers, GDP growth in Indonesia amounted to 5.03 %, 4.30 % in Malaysia, 6.04 % in Philippines and 2.36 % in Thailand in 2019.

Singapore has been ranked 144th within the group of 174 countries we follow in terms of GDP growth, 51 places behind the position seen 10 years ago.

Annual percentage growth rate of the whole economy at market prices based on a constant local currency.


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