Singapore’s GDP Grew by 4.3 Per Cent in the Second Quarter of 2025

14 July 2025. Based on advance estimates, the Singapore economy grew by 4.3 per cent on a year-on-year basis in the second quarter of 2025, extending the 4.1 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy expanded by 1.4 per cent, a turnaround from the 0.5 per cent contraction in the first quarter of 2025.

For the first half of 2025 as a whole, GDP growth averaged 4.2 per cent year-on-year. Looking forward, there remain significant uncertainty and downside risks in the global economy in the second half of 2025 given the lack of clarity over the tariff policies of the US.

Download the full press release [PDF, 301 KB].

MINISTRY OF TRADE AND INDUSTRY
14 July 2025