3 January 2023. Based on advance estimates, the Singapore economy grew by 2.2 per cent on a year-on-year basis in the fourth quarter of 2022, moderating from the 4.2 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy expanded by 0.2 per cent, extending the 1.1 per cent expansion in the third quarter. For the whole of 2022, the economy grew by 3.8 per cent, slower than the 7.6 per cent growth in 2021.

Please click here for the full press release.

MINISTRY OF TRADE AND INDUSTRY
3 January 2023