MTI Maintains its 2012 GDP Growth Forecast at 1.0 to 3.0 Per Cent

16 February 2012. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy grew by 4.9 per cent in 2011, following the expansion of 14.8 per cent in 2010. MTI maintains the growth forecast for 2012 at 1.0 to 3.0 per cent.

Performance in Fourth Quarter 2011

Singapore’s real GDP grew by 3.6 per cent on a year-on-year basis in the fourth quarter of 2011, compared to the 6.0 per cent in the third quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 2.5 per cent, reversing the 2.0 per cent growth in the previous quarter.

Download the full press release [PDF, 74 KB].

Economic Survey of Singapore 2011

MINISTRY OF TRADE AND INDUSTRY

16 February 2012