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2010 GDP Growth Forecast Maintained at 13.0 to 15.0 Per Cent

10 August 2010

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10 August 2010. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy expanded by 17.9 per cent in the first half of 2010. MTI will maintain the GDP growth forecast for 2010 at 13.0 to 15.0 per cent.

Performance in the Second Quarter of 2010

In the second quarter of 2010, Singapore expanded by 18.8 per cent on a year-on-year basis, stronger than the 16.9 per cent growth in the first quarter. On a seasonally adjusted quarter-on-quarter annualised basis, GDP grew by 24.0 per cent for the second quarter, following a surge of 45.7 per cent in the preceding period.

Download the full press release [PDF, 142 KB]

Economic Survey of Singapore Second Quarter 2010

MINISTRY OF TRADE AND INDUSTRY
10 August 2010

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