Latest Singapore Business News

Singapore’s GDP grows by 1.8% in Q4 2016 based on advance estimates

singapore economy grew1.8percent q4 2016
 
3 January 2017 - Based on advance estimates[1], the Singapore economy grew by 1.8 per cent on a year-on-year basis in the fourth quarter of 2016, faster than the 1.2 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 9.1 per cent, a reversal from the 1.9 per cent contraction in the preceding quarter.
 
For the whole of 2016, the economy grew by 1.8 per cent, above MTI’s earlier announced GDP growth forecast of “1.0 to 1.5 per cent”.
 
singapore economy grew1.8percent q4 2016 pic2a
 

 
[1] The advance GDP estimates for the fourth quarter of 2016 are computed largely from data in the first two months of the quarter (i.e. October and November 2016). They are intended as an early indication of the GDP growth in the quarter, and are subject to revision when more comprehensive data become available.
 
singapore economy grew1.8percent q4 2016
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