MTI Upgrades 2026 GDP Growth Forecast to “2.0 to 4.0 Per Cent”

10 February 2026. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy expanded by 5.0 per cent in 2025. MTI also announced that the GDP growth forecast for Singapore for 2026 has been upgraded from “1.0 to 3.0 per cent” to “2.0 to 4.0 per cent”.

Economic Performance in Fourth Quarter 2025 and Full Year 2025

In the fourth quarter of 2025, the Singapore economy expanded by 6.9 per cent on a year-on-year basis, faster than the 4.6 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 2.1 per cent, moderating from the 2.6 per cent expansion in the third quarter.

Download the full press release [PDF, 224 KB].

Economic Survey of Singapore 2025

MINISTRY OF TRADE AND INDUSTRY

10 February 2026