Skip to main content

Government officials will never ask you to transfer money or disclose bank log-in details over a phone call.

Call the 24/7 ScamShield Helpline at 1799 if you are unsure if something is a scam.

Ministry of Trade and Industry
  1. Home
  2. Newsroom
  3. MTI Maintains 2024 GDP Growth Forecast at “1.0 to 3.0 Per Cent”
1. Press releases

MTI Maintains 2024 GDP Growth Forecast at “1.0 to 3.0 Per Cent”

15 February 2024

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

15 February 2024. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy expanded by 1.1 per cent in 2023. MTI has maintained the GDP growth forecast for 2024 at 1.0 to 3.0 per cent.

Economic Performance in Fourth Quarter 2023

The Singapore economy grew by 2.2 per cent on a year-on-year basis in the fourth quarter of 2023, accelerating from the 1.0 per cent expansion in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy expanded by 1.2 per cent, slightly faster than the 1.0 per cent growth in the third quarter.

Download the full press release [PDF, 204 KB].

Access the Economic Survey of Singapore 2023

MINISTRY OF TRADE AND INDUSTRY
15 February 2024

Back to top