Singapore’s GDP Grew by 4.6 Per Cent in the First Quarter of 2026

14 April 2026. Based on advance estimates, the Singapore economy grew by 4.6 per cent on a year-on-year basis in the first quarter of 2026, moderating from the 5.7 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy contracted by 0.3 per cent, a reversal from the 1.3 per cent expansion in the fourth quarter of 2025.

While GDP growth remained resilient in the first quarter of 2026, the US-Israel-Iran conflict that began in end-February may weigh on economic activity in the coming quarters.

Sectoral Performance in the First Quarter of 2026

The manufacturing sector grew by 5.0 per cent year-on-year in the first quarter of 2026, slower than the 11.4 per cent expansion in the previous quarter. Growth during the quarter was driven by output expansions in the electronics, transport engineering and precision engineering clusters, which more than offset output declines in the biomedical manufacturing, general manufacturing and chemicals clusters. On a quarter-on-quarter seasonally-adjusted basis, the sector contracted by 4.9 per cent, a pullback from the 4.5 per cent expansion in the fourth quarter of 2025.

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MINISTRY OF TRADE AND INDUSTRY

14 April 2026