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MTI Maintains 2022 GDP Growth Forecast at “3.0 to 5.0 per cent”

17 February 2022

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17 February 2022. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy expanded by 7.6 per cent in 2021. For 2022, MTI has maintained the GDP growth forecast at “3.0 to 5.0 per cent”.

Economic Performance in Fourth Quarter 2021

The Singapore economy grew by 6.1 per cent on a year-on-year basis in the fourth quarter of 2021, moderating from the 7.5 per cent expansion in the preceding quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy expanded by 2.3 per cent, faster than the 1.5 per cent growth recorded in the previous quarter.

Download the full press release [PDF, 182 KB].

Access the Economic Survey of Singapore 2021

MINISTRY OF TRADE AND INDUSTRY
17 February 2022

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