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Ministry of Trade and Industry
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Advance GDP Estimates for Fourth Quarter 2006

3 January 2007

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3 January 2007. The Singapore economy continued to grow at a healthy pace. Advance estimates show that real gross domestic product (GDP) rose by 5.9 per cent in the fourth quarter of 2006 compared to the same period in 2005. On a quarter-on-quarter seasonally adjusted annualised basis, real GDP grew by 7.6 per cent, following a 5.6 per cent gain in the preceding quarter.

The manufacturing sector is estimated to have grown at a slower pace of 7.3 per cent in the fourth quarter, due partly to weaker output in the electronics and chemicals clusters. On the other hand, double-digit growths were seen in both the biomedical manufacturing and transport engineering clusters.

The construction sector continued to recover in the fourth quarter. The sector is estimated to have grown by 2.4 per cent, after a 2.6 per cent gain in the third quarter.

Download the full press release [PDF, 112 KB].

MINISTRY OF TRADE AND INDUSTRY
3 January 2007

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