Singapore: Singapore's economy grew by 5.7 percent on a year-on-year basis in the fourth quarter of 2025, extending the 4.3 percent growth in the previous quarter, according to advance estimates from the republic's Ministry of Trade and Industry (MTI).
According to BERNAMA News Agency, on a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.9 percent, easing from the 2.4 percent expansion in the third quarter, MTI said in a statement today. For the full year of 2025, the economy expanded by 4.8 percent, building on the 4.4 percent growth in 2024.
Singapore Prime Minister Lawrence Wong noted in his New Year message on December 31 that the country delivered stronger-than-expected growth of 4.8 percent amidst external challenges. Among sectors, manufacturing posted strong growth of 15 percent on a year-on-year basis in the fourth quarter of 2025, accelerating from the 4.9 percent expansion in the previous quarter. Output expansions in the biomedical and electronics clusters drove the sector's growth.
The construction sector expanded by 4.2 percent year-on-year in the fourth quarter of 2025, moderating from the 5.1 percent growth in the preceding quarter, and was supported by increases in public and private-sector construction output. In services, the wholesale and retail trade, and transportation and storage sectors collectively grew by 3.9 percent, extending the 3.7 percent growth in the previous quarter. All sectors within the group expanded during the quarter.
The information and communications, finance and insurance, and professional services sectors expanded by 4.2 percent year-on-year in the fourth quarter of 2025, extending the 4.5 percent growth in the third quarter of 2025. All sectors within the group posted growth during the quarter. Meanwhile, accommodation and food services, real estate, administrative and support services, and other services grew by 3.2 percent year-on-year in the fourth quarter, slower than the 4.0 percent growth in the preceding quarter. All sectors within the group posted growth during the quarter. In particular, the accommodation sector expanded due to increased international visitor arrivals.
MTI said the preliminary gross domestic product (GDP) estimates for the fourth quarter and the whole of 2025, including sectoral performance, sources of growth, inflation, employment, and productivity, will be released in the Economic Survey of Singapore in February.