Singapore's Economic Growth Potential Up to 2020

In early 2010, the Economic Strategies Committee (ESC) recommended a medium-term GDP growth range of 3-5 per cent per annum from 2009 to 2019, supported by productivity growth of 2-3 per cent per annum and workforce growth of 1-2 per cent per annum.

As this year marks the half-way mark of the ESC’s timeframe, this article reviews Singapore’s economic performance since 2009, as well as sets out Singapore’s medium-term growth projections for the rest of the decade, from 2014 to 2020.

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