Singapore's Economy Grows 6.9% Y/Y in Q4 2025, Higher Than Advance Estimate

Reuters

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SINGAPORE, Feb 10 (Reuters) - Singapore's economy grew 6.9% in the fourth quarter of 2025 from a year earlier, government data showed on Tuesday, higher than an official advance estimate of 5.7%.

On a quarter-on-quarter, seasonally adjusted basis, gross domestic product expanded 2.1% in the October-December period, also higher than an advance estimate of 1.9% growth.

Full-year growth for 2025 came in at 5.0%, compared to a preliminary reading of 4.8% and revised growth of 5.3% in 2024.

The trade ministry upgraded its forecast for GDP growth in 2026 to "2.0% to 4.0%" from "1.0% to 3.0%" previously. It said stronger-than-expected momentum in the global economy in the fourth quarter was expected to carry into 2026.

"Against this backdrop, the 2026 growth outlook for the manufacturing and trade-related services sectors in Singapore has improved since November," the ministry said.

In a separate statement, Enterprise Singapore upgraded its forecast for growth in non-oil domestic exports to "2.0% to 4.0%", from "0 to 2.0%" previously.

"Robust AI-related demand and high gold prices should continue to provide support to NODX growth, though downside risks include an escalation in trade tensions or a correction in AI-related investment demand," Enterprise Singapore said.

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