22 November 2023. The Ministry of Trade and Industry (MTI) announced today that Singapore’s GDP growth is projected to come in at around 1.0 per cent in 2023 and 1.0 to 3.0 per cent in 2024.

Economic Performance in Third Quarter 2023

In the third quarter of 2023, the Singapore economy expanded by 1.1 per cent on a year-on-year basis, faster than the 0.5 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.4 per cent, accelerating from the 0.1 per cent expansion in the second quarter.

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Economic Survey of Singapore Third Quarter 2023

MINISTRY OF TRADE AND INDUSTRY
22 November 2023