Second Quarter of 2021 14 July 2021. Figures and forecasts are as of ADB's Asian Development Outlook (ADO) 2021, released in April 2021. This page provides - Singapore GDP Growth Rate - actual values . Found inside – Page 93... crisis) (Global financial crisis) Malaysia Philippines Singapore Note: ... and ending quarter of the recession. data on quarterly gdp growth for ... Subject. "Singapore's smaller second-quarter contraction and brighter outlook for 3Q boost the economy's prospects for 2021 -- presenting upside risks to our forecast for 6.2% growth in 2021. Download historical data for 20 million indicators using your browser. New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. Excellent economics data are from the Singapore Statistics and the Monetary . Analysts had expected a 14.2% increase, according to a Reuters . With 70% of the population fully vaccinated earlier than targeted, the government already started to peel back virus curbs on Aug. 10, and will further ease . The IMF publishes a range of time series data on IMF lending, exchange rates and other economic and financial indicators. Its overall score has increased by 0.3 point, primarily because of an improvement in the score for . Wednesday, 11 Aug 2021 08:48 AM MYT. 2015 and 2016 saw a downturn for the nation as GDP growth shrunk to just 2 percent. Its GDP per capita has risen to an incredible U.S. $60,000, making it one of the strongest economies in the world. Singapore gdp growth rate for 2020 was -5.39%, a 6.74% decline from 2019. The Gross Domestic Product (GDP) in Singapore contracted 1.80 percent in the second quarter of 2021 over the previous quarter. You need a Single Account for unlimited access. Units. Singapore's economy plummeted 0.6% in 2008; however, it managed to recover in 2010 and grew an impressive 15.2%. Found inside – Page 59A period of severe attrition Singapore's GDP growth has been steadily on the decline since the first quarter of 1984 . 4th he announcement early last August ... License : CC BY-4.0. Found inside – Page 98The second-quarter GDP growth was lower at 10.3 percent. This slight decline was the ... the Asian EMEs, Singapore recovered at the most vigorous pace. The advancement of a nation from poverty to prosperity is not a technical process but a great transformation. Line Bar Map. The country is a leading foreign direct investment recipient due to its status of one of the freest, most competitive and most business-friendly economies in the world. Found inside – Page 453Other causal factors are forecast on the basis of GDP growth as a guide . ... the Singapore economy predicts three quarters ahead , as mentioned earlier . On the back of a good 2Q 2021 showing, the government is guiding for GDP growth to be in the range of 6.0% to 7.0% in 2021. Found inside – Page 33... their GDP loss estimates per country).29 Figure 3 shows quarterly GDP growth for four Asian economies most affected by SARS—China, Hong Kong, Singapore, ... You can only download this statistic as a Premium user. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Analysts had expected a 14.2% increase, according to a Reuters poll. Quarterly National Accounts : Quarterly Growth Rates of real GDP, change over previous quarter. Singapore's economic freedom score is 89.7, making its economy the freest in the 2021 Index. Southeast Asia's biggest bank, DBS Group Holdings, reports results on Thursday. — Reuters pic. Please do not hesitate to contact me. Real GDP Growth YoY data in Singapore is updated quarterly, available from Mar 1976 to Mar 2021, with an average rate of 6.8 %. Found inside – Page 123On a quarterly basis the government does not always run a surplus and the first quarter of each year tends to produce a deficit just as that quarter's GDP ... Updated July 10, 2019. Found inside – Page 42Singapore GDP growth Annual average % change Forecast Singapore's heavy dependence on electronics exports is proving to be something of an Achilles heel ... The Gross Domestic Product (GDP) in Singapore expanded 0.2 % YoY in Mar 2021, following a negative growth of 2.4 % in the previous quarter. Found inside – Page 44Recent real GDP growth in ASEAN, China and India Quarterly year-on-year ... and Singapore Brunei Darussalam 3.5 -5.9 -3.6 -3.6 -1.7 0.7 — Singapore 1.9 1.9 ... Same region. Foreign direct investment was $105.5 billion or 28.35% of the GDP, as of 2019. SINGAPORE — Sectors that have been hit hardest by the Covid-19 pandemic such as construction and food services will be the ones to drive Singapore's economic growth in the next few quarters . Real gross domestic product (GDP) is GDP given in constant prices and refers to the volume level of GDP. (October 15, 2020). Singapore gdp growth rate for 2018 was 3.50%, a 1.02% decline from 2017. SINGAPORE — The Singapore economy is set to expand by 6.5 per cent this year, higher than the Government's full-year growth forecast of 4 to 6 per cent, based on a survey of economists by the . Found inside – Page 151Then the quarterly growth rates of labour productivity and GDP growth are used to extend the employment series back to 1979. It should be noted that the ... Unit. Statista. World Bank national accounts data, and OECD National Accounts data files. 2. B1_GE: Gross domestic product - expenditure approach P31S14_S15: Private final consumption expenditure P3S13: General government final consumption expenditure P51: Gross fixed capital formation P52_P53: Changes in inventories and . Profit from additional features by authenticating your Admin account. Retrieved September 16 . In the 10 years before the great recession, from 1999 to 2007, Singapore's GDP grew 6.0% on average. For the third quarter of 2017, Singapore's GDP (at current market prices) stands at S$107 billion. Direct access to our data from your apps using any programing language. Singapore raises 2021 economic growth forecast as Covid vaccination progresses Published Tue, Aug 10 2021 8:05 PM EDT Updated Tue, Aug 10 2021 10:16 PM EDT Yen Nee Lee @YenNee_Lee Despite a fresh outbreak, Singapore's GDP growth is expected to surpass pre-pandemic levels after the economy shrank 5.4% last year. License : CC BY-4.0. While GDP is the single most important . Highest values. Found inside – Page 336for quarterly real GDP growth as Table 12.7 shows . While part of the explanation for the unbalanced monetary growth in the fourth quarter can be found in ... SINGAPORE: Singapore's economic recovery remains intact despite a "stumble" in the second quarter, economists said following the release of preliminary economic data on Wednesday (Jul 14). Singapore seen upgrading Q1 GDP on manufacturing growth. Line Bar Map. Reporting of Quarterly Real GDP Growth Rates. Found insidePublished Singapore official statistics show that quarterly real GDP growth rates in 1998 quickly deteriorated from 4.7% in Q1 to 0.4% in Q2 and to −1.9% ... Real gross domestic product (GDP) increased at an annual rate of 4.0 percent in the fourth quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. "Singapore's smaller second-quarter contraction and brighter outlook for 3Q boost the economy's prospects for 2021 -- presenting upside risks to our forecast for 6.2% growth in 2021. B1_GE: Gross domestic product - expenditure approach P31S14_S15: Private final consumption expenditure P3S13: General government final consumption expenditure P51: Gross fixed capital formation P52_P53: Changes in inventories and . Singapore upgrades 2021 GDP outlook as vaccinations gain pace. As of 8 June 2013, Singapore's unemployment rate is around 1.9% and the country's economy has a lowered growth rate, with a rate of 1.8% on a quarter-by-quarter basis—compared to 14.8% in 2010. Singapore GDP Growth Performance. Dollars, Annual, Not Seasonally Adjusted 1960 to 2020 (Jul 1) Purchasing Power Parity over GDP for Singapore. Analysts had expected a 14.2% increase, according to a Reuters poll. Found inside – Page 194Netherlands : Fast GDP - growth Estimates , Data Flows in QNA ... Singapore : Singapore National Accounts 1987 and Singapore System of National Accounts ... Quarter-on-quarter growth rate of the gross domestic product (GDP) of Singapore as of the 3rd quarter of 2020 [Graph]. Millions of 2017 U.S. these variables. MTI also maintained its November forecast of a 4.0 to 6.0 per cent growth this year, after the economy had shrunk by 5.4 per cent last year. The city-state is coming off a record 5.4% annual . Found insideEvery year, Chinese provinces reported larger GDP gains than the already published national figures (this remains so for the 2008 quarterly data). Found insideFigure 12.5 shows that the quarterly GDP growth rates of the worst hit economies ... 1998 (except in China and Taiwan, and Singapore in the first quarter), ... Found inside – Page 2The Philippine and Thai economies , although less buoyant than the other ASEAN economies , should register good GDP growth rates this year . Similar values. World Bank national accounts data, and OECD National Accounts data files. On a quarter-on-quarter seasonally-adjusted basis, the Singapore economy contracted by 2.0 per cent in the second quarter of 2021, a reversal from the 3.1 per cent growth in the preceding quarter. The city-state's gross domestic product (GDP) may expand by 6.5 per cent this year, higher than the 5.8 per cent estimated in March, according to the latest quarterly survey released by the Monetary Authority of Singapore (MAS) on June 14. High Time. Standard users can export our data in a easy to use web interface or using an excel add-in. That's the country's first economic growth since the fourth quarter of 2019. This book is a quarterly forecast and analysis report on the Chinese economy. For those who want a deeper take on the statistics, you can read the Economic Survey of Singapore Second Quarter 2021 report. Found inside – Page 284Hong Kong had negative growth year - on - year in both the third and fourth quarters of 2001 . In Singapore , GDP contracted by 2.2 % in 2001. GDP grew 14.7% year-on-year in the second quarter, higher than the 14.3% growth seen in the government's advance estimate. The Straits Times. On a quarter-on-quarter seasonally-adjusted basis, Singapore's gross domestic product or GDP grew 2.1% in the fourth quarter — slowing from 9.5% growth in the previous three months, it added . Singapore gdp for 2017 was $343.34B, a 7.71% increase from 2016. Last week, Singapore's central bank removed caps on bank dividends, citing an improving global economic outlook. This book is a quarterly forecast and analysis report on the Chinese economy. A simple ajax (JSONP) request to the data API using jQuery. Found inside – Page 5Quarterly Real GDP annualized q/q basis) in the second (Seasonally adjusted ... Despite some one-off cost-push factors, including an increase in the Goods ... Are you interested in testing our corporate solutions? Singapore: Economic growth: the rate of change of real GDP: For that indicator, we provide data for Singapore from 1961 to 2019. To learn more about cookies, click here. This is a direct . The figures are based on gross domestic product (GDP) advanced estimates released today by the Ministry of Trade and Industry (MTI). Gross domestic product (GDP) grew 1.3 percent year-on-year in the first quarter, the Ministry of Trade and Industry (MTI) said on Tuesday, higher than the 0.2 percent growth seen in the government . GDP Growth Rate in Singapore averaged 1.52 percent from 1975 until 2021, reaching an all time high of 9 percent in the third quarter of 2020 and a record low of -13.20 percent in the second quarter of 2020. Forecast is based on an assessment of the economic climate in individual countries and . Items. None. The Data API can be accessed via the following actions of the CKAN action API. Manuals, guides, and other material on statistical practices at the IMF, in member countries, and of the statistical community at large are also available. Advance projections for 2Q2020 indicate that Singapore's GDP shrunk 41.2% from the previous quarter. For 2021, MTI has maintained the GDP growth forecast at "4.0 to 6.0 per cent". Singapore's impressive economic growth has seen accompanied increase inward FDI yet there have been variant findings of. None. Inflation was 0.58, as of 2017. To understand whether the country's economy is improving or declining, you may wish to calculate the annual growth rate of the GDP. This statistic is not included in your account. This comes after the economy grew by 1.3 per cent in the first quarter, when survey respondents had . There are three ways to calculate quarterly real GDP growth rates: 1. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). Its total investment rate was 28.46% of GDP in 2017. Singapore gdp growth rate for 2017 was 4.52%, a 1.19% increase from 2016. 3Y. Found insideThe Singapore economy had remainedbuoyantuptothe first quarter of 1998, with a GDP growth rateof8.0percent for1997and6.2 percent forthatquarter. #1 Government Guiding For Even Better Than Expected GDP Growth Despite Setbacks In 3Q 2021. The strong growth was largely due to the low base in the second quarter of 2020 when GDP fell by 13.3 per Save as Image. Then you can access your favorite statistics via the star in the header. Found inside – Page 99We also find an interesting observation that Hong Kong's GDP growth is lower when the ... For comparison, the four Asian economies, Singapore, South Korea, ... The average value for Singapore during that period was 7.21 percent with a minimum of -3.1 percent in 1964 and a maximum of 14.53 percent in 2010. The Singapore economy contracted by 2.4 per cent on a year-on-year basis in the fourth quarter, an improvement from the 5.8 per cent contraction in the preceding quarter. Gross domestic product (GDP) growth rates for ADB's developing member countries. "Singapore's smaller second-quarter contraction and brighter outlook for 3Q boost the economy's prospects for 2021 - presenting upside risks to our forecast for 6.2% growth in 2021. Subject. Singapore's annual GDP growth was 0.73% per year in 2019. Show publisher information, COVID-19 cases worldwide as of September 24, 2021, by country, Total cases of COVID-19 infections Singapore 2020-2021, Breakdown of active COVID-19 cases Singapore 2021, New cases per day of COVID-19 Singapore 2020-2021. October 15, 2020. Found inside – Page 72Finally, Singapore's economic growth was accompanied by fundamental structural ... Its second-quarter contraction had turned annual GDP growth to a -0.9 ... This feature is limited to our corporate solutions. We search for evidence of conditional volatility in the quarterly real GDP growth rates of three East Asian tigers: Singapore, Hong Kong and Taiwan. Singapore Q2 GDP grows 14.7% on low base, full-year forecast upgraded to 6-7%. In, The Straits Times. Aggregates. Based on the current price, the country's average annual GDP growth in these 32 years was 15.8%, reaching an historical high of 36.41% in 1994 and a record low of 6.25% in 1999. Singapore gdp for 2018 was $375.98B, a 9.51% increase from 2017. In the decades after independence, Singapore rapidly developed from a low-income country to a high-income country. This reversed a 3.1 per cent gain made in the first three months of the year. Please contact us to get started with full access to dossiers, forecasts, studies and international data. In the 2nd quarter 2021, the Singapore GDP grew by 14.3 percent compared to the 2nd quarter 2020. By now, you've probably read news headlines that declared that Singapore has entered a technical recession, after advance GDP estimates for 2Q2020 were released by the Ministry of Trade and Industry (MTI) showed two consecutive quarter-on-quarter GDP contractions.. As statistics geeks who love to pour over all sorts of data ranging from unemployment to GST to household expenditure, we took a . Please authenticate by going to "My account" → "Administration". Found inside – Page 151As shown in Table 5.2, Singapore's GDP growth slowed down significantly from a positive 11.8 percent in the third quarter of 1997 to a negative 2.1 percent ... This site uses cookies to optimize functionality and give you the best possible experience. In Statista. Singapore's economy expanded 14.7% yoy in Q2 2021, compared with an advance estimate of a 14.2% growth and a final 1.5% gain in Q1. Expected Based on GDP Growth @ 2.5% Eff. GDP grew 14.7% year-on-year in the second quarter, higher than the 14.3% growth seen in the government's advance estimate. Please create an employee account to be able to mark statistics as favorites. Found inside... Model Variable Description ATR Quarterly Annual Total Return GDP Quarterly Real GDP Growth Rate IR Quarterly Annual Inflation Rate VR Quarterly Vacancy ... ", The Straits Times, Quarter-on-quarter growth rate of the gross domestic product (GDP) of Singapore as of the 3rd quarter of 2020 Statista, https://www.statista.com/statistics/1155667/singapore-quarter-on-quarter-gdp-growth-rate/ (last visited September 24, 2021), Quarter-on-quarter growth rate of the gross domestic product (GDP) of Singapore as of the 3rd quarter of 2020, Coronavirus (COVID-19) pandemic in Singapore, Breakdown of COVID-19 vaccines administered Singapore 2021, Impact of COVID-19 outbreak on YoY growth rate quarterly GDP Singapore 2020-2021, Business optimism index Singapore Q1 2019-Q3 2021, Optimism index for indicators of business Singapore Q1 2020-Q3 2021, Seasonally-adjusted resident unemployment rate Singapore 2011-2020, Quarterly tourism receipts Singapore Q1 2019-Q12021, YoY change in monthly international visitor arrivals in Singapore 2020-2021, Change in weekly flights by airlines in Singapore due to COVID-19 2020, Quarterly hotel room revenue Singapore Q1 2019-Q2 2021, Online purchase behavior during COVID-19 pandemic Singapore 2020, Frequency of online purchases during COVID-19 pandemic Singapore 2020, Change of food delivery apps usage during COVID-19 pandemic in Singapore 2020, Share of people who wore masks in public COVID-19 pandemic in Singapore 2020-2021, Share of people avoiding public places during COVID-19 pandemic Singapore 2020-2021, Population who avoided going to work during COVID-19 outbreak Singapore 2020-2021, Resident population who feared catching COVID-19 Singapore 2020-2021, Share of people willing to be vaccinated against COVID-19 Singapore 2020-2021, Percentage change in online prices of high-demand products in the UK 2020, Measures taken to manage workforce due to Coronavirus in the United Kingdom 2020, Chinese share selected U.S. imports of medical supplies and equipment 2019, China's share in U.S imports of breathing appliances and gas masks 2019, Change in consumer purchase behavior for household items MCO COVID-19 Malaysia 2020, Breakdown of new purchases made during COVID-19 MCO Malaysia 2020, Opinions on holiday travels due to the coronavirus in Italy 2020, Ford & GM: U.S. ventilator production amid coronavirus pandemic 2020, Brazil: change in air pollution in São Paulo 2020, Preferred services offered by restaurants during the coronavirus in Italy 2020, Importance of crowd attendance for watching college basketball on TV 2020, Change in location footfall after the coronavirus lockdown in UK cities 2020, Peru: growth in TV viewers due to COVID-19, Quarterly sales and marketing expenses of Zoom worldwide 2019-2021, Quarterly revenue of Zoom worldwide 2019-2021, FMCG sales growth in Russian online trade in 2020, by week, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Singapore on Monday maintained its forecast of gross domestic product growth of 4% to 6% for 2021, unchanged from its estimate in November. PDF (144KB) Scroll table left and right. . A cyclist cycles at the Merlion Park in Singapore's Marina Bay on Aug. 11, 2021. Latest Data. GDP growth in the city-state has been amongst the world's highest, at an average of 7.7% since independence and topping 9.2% in the first 25 years. World Bank national accounts data, and OECD National Accounts data files. Found inside – Page 3First of all, there is the basic indicator of macroeconomic issue, the GDP growth rate. The quarterly economic growth rate is indicated by data from the IMF ... Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Show sources information Chart. In the 1960s, the city-state of Singapore was an undeveloped country with a GDP per capita of less than U.S. $320. As a Premium user you get access to the detailed source references and background information about this statistic. White label accounts can distribute our data. Register in seconds and access exclusive features. Singapore's GDP grew by 14.3% y/y in the second quarter due to the low base from last year. You need at least a Single Account to use this feature. Quick Analysis with our professional Research Service: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Found insideAs shown in Table 3.3, Singapore' GDP growth slumped from a positive 8.34% in ... GDP growth slowed continuously from 6.66% in the first quarter of 2008, ... Of 18.6 % in 2001 for 2Q2020 indicate that Singapore & # x27 ; s impressive economic growth the... And a record low of refers to the data API can be accessed the... Full access to background information about this statistic is updated, you can read the economic of... 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