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Press Release
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14 JUL 2023
Singapore’s GDP Grew by 0.7 Per Cent in the Second Quarter of 2023
Singapore’s GDP Grew by 0.7 Per Cent in the Second Quarter of 2023
14 July 2023. Based on advance estimates, the Singapore economy grew by 0.7 per cent on a year-on-year basis in the second quarter of 2023, faster than the 0.4 per cent growth recorded in the previous quarter. On a quarter-onquarter seasonally-adjusted basis, the Singapore economy expanded by 0.3 per cent, a turnaround from the 0.4 per cent contraction in the first quarter of 2023.
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MINISTRY OF TRADE AND INDUSTRY
14 July 2023