3 January 2022. Based on advance estimates, the Singapore economy grew by 5.9 per cent on a year-on-year basis in the fourth quarter of 2021, moderating from the 7.1 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy expanded by 2.6 per cent in the fourth quarter, faster than the 1.2 per cent growth in the preceding quarter. For the whole of 2021, the economy grew by 7.2 per cent, rebounding from the 5.4 per cent contraction in 2020.

MINISTRY OF TRADE AND INDUSTRY
3 January 2022