Singapore’s 2011 GDP Growth In Line With Expectations

3 January 2012. The pace of growth of the Singapore economy eased in the fourth quarter of 2011. According to advance estimates, the economy grew by 3.6 per cent on a year-on-year basis in the fourth quarter of 2011, compared to the 5.9 per cent growth in the third quarter. On a seasonally adjusted quarter-on-quarter annualised basis, the economy contracted by 4.9 per cent, following the 1.5 per cent gain in the previous quarter. 

For the whole of 2011, the economy is estimated to have expanded by 4.8 percent, in line with MTI’s growth forecast of around 5.0 per cent for the year.

Download the full press release [PDF, 42 KB].

MINISTRY OF TRADE AND INDUSTRY

03 January 2012

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