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MTI Expects 2011 Growth to Be Around 5.0 Per Cent

14 October 2011

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14 October 2011. The Singapore economy grew by 5.9 per cent on a year-on-year basis in the third quarter of 2011. For the year as a whole, the Ministry of Trade and Industry (MTI) expects GDP growth to be around 5.0 per cent.

Advance estimates showed that the Singapore economy grew by 5.9 per cent on a year-on-year basis in the third quarter of 2011, an improvement from the 1.0 per cent growth in the second quarter. On a seasonally-adjusted quarter-on-quarter annualised basis, the economy grew by 1.3 per cent, after contracting by 6.3 per cent in the previous quarter.

Download the full press release [PDF, 41 KB].

MINISTRY OF TRADE AND INDUSTRY
14 October 2011

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