Advance GDP Estimates for Fourth Quarter 2005

3 January 2006. The Singapore economy continued to record robust growth in the fourth quarter of 2005. Advance estimates show that real gross domestic product (GDP) rose by 7.7 per cent in the quarter compared to the same period in 2004. On a quarter-on-quarter seasonally adjusted annualised basis, real GDP grew by a vigorous 9.7 per cent, after a brisk 8.6 per cent gain in the preceding quarter.

Buoyed by strong expansion in the biomedical, transport engineering and electronics clusters, the manufacturing sector is estimated to have grown at 11.5 per cent in the fourth quarter. Growth in the chemicals and precision engineering clusters also strengthened from the previous quarter.

Activities in the construction sector gathered more speed. Growth of the sector is estimated to improve to 0.8 per cent in the fourth quarter.

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MINISTRY OF TRADE AND INDUSTRY
3 January 2006