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Press Release
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16 FEB 2006
Economic Survey of Singapore 2005
Economic Survey of Singapore 2005
PERFORMANCE OF THE SINGAPORE ECONOMY IN 2005 AND OUTLOOK FOR 2006
Economic activity in Singapore continued to pick up pace in 4Q05. Compared to the same quarter a year earlier, real GDP rose by 8.7%, up from 7.6% in 3Q05. The economy also showed strong momentum with 4Q05 annualised quarter-on-quarter growth reaching 13%. This brought full-year real GDP growth in 2005 to 6.4%1. The improvement over the advance estimate of 6.0% is mainly due to the better-than-expected growth in manufacturing activity.
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