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Singapore’s GDP Grew by 0.1 Per Cent in the First Quarter of 2023

Singapore’s GDP Grew by 0.1 Per Cent in the First Quarter of 2023

14 April 2023. Based on advance estimates, the Singapore economy grew by 0.1 per cent on a year-on-year basis in the first quarter of 2023, slower than the 2.1 per cent growth recorded in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the Singapore economy contracted by 0.7 per cent, a reversal from the 0.1 per cent expansion in the fourth quarter of 2022.

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MINISTRY OF TRADE AND INDUSTRY
14 April 2023
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