singapore gdp growth 2019
Singapore is also an important financial center. On an annualised quarterly basis, the economy grew 0.6%, after a downwardly revised 2.2% growth. Publish your articles and forecasts in our website. This was the highest growth rate since Q1 2019, led by construction sector (4.3% vs 3.1 in Q3), transportation & storage (0.8% vs flat reading), accommodation & food services (2.5% vs 1.9%), information & communications (4.5% vs 4.4%), finance & insurance (4% vs 4.1%) business services (1.7% vs 1.1%) and other services (3.3% vs 2.4%). Since gaining independence in 1963, Singaporean economy has been growing rapidly and as a result the country has now one of the highest GDP per capita in the world. Singapore Q3 Jobless Rate Highest Since 2004, Singapore Bank Lending Smallest in 17 Months, Singapore Producer Prices Drop the Most in 4 Months, Singapore Manufacturing Growth Accelerates Sharply, Singapore Consumer Prices Unexpectedly Flat, Singapore Q3 Private Home Prices Rise at Faster Pace, Singapore Exports Rise Less than Expected, Singapore Keeps Monetary Policy Unchanged, Singapore Q3 GDP Contracts Slightly More than Expected, Kenya October Inflation Rate at 5-Month High of 4.84%, European Stocks Post Worst Week Since March, French Shares Book Worst Month since March, Dow and S&P on Track for 2nd Month of Losses, Colombia Jobless Rate Jumps to 15.8% in September, Colombia Exports Continue to Drop in September, Canada Government Budget Deficit Widens Sharply in August. Country. This site uses cookies to optimize functionality and give you the best possible experience. GDP growth (annual %) - Singapore from The World Bank: Data. Find Out, Online tool for visualization and analysis. The economy depends heavily on foreign trade; both from port activities and from exports of electronic components and refined oil. The GDP value of Singapore represents 0.31 percent of the world economy. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. CSV XML EXCEL. In May, MTI downgraded Singapore’s GDP growth forecast for 2020 to “-7.0 to -4.0 per cent” due to the expected economic impact of the CB measures, and the sharp deterioration in the growth outlook of major economies that were grappling with the COVID-19 pandemic. Selected Countries and Economies. The Gross Domestic Product (GDP) in Singapore was worth 372.06 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. … Publish your articles and forecasts in our website. Singapore's economy is now expected to contract by between 4 percent and 7 percent, according to the Ministry of Trade and Industry. GDP Growth Rate in Singapore averaged 1.51 percent from 1975 until 2020, reaching an all time high of 7.90 percent in the third quarter of 2020 and a record low of -13.20 percent in the second quarter of 2020. ... 1961 - 2019 GDP (constant 2010 ... GDP per capita growth (annual %) Download. Thematic data tables from WDI. Singapore GDP (Gross Domestic Product) was INT$494.04billion for 2019 in PPP terms. Direct access to our calendar releases and historical data. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Singapore’s gross domestic product shrank 4.7 percent quarter-on-quarter in the three months to March of 2020, the most since the third quarter of 2010, after expanding 0.6 percent in the previous period and compared with a preliminary estimate of a 10.6 percent decline. World Bank national accounts data, and OECD National Accounts data files. WDI Tables. This statistic displays the gross domestic product (GDP) growth rates in Singapore in 2019, by industry. 1975-2020 Data | 2021-2022 Forecast | Calendar. To learn more about cookies, click here. The Singaporean economy advanced 1% yoy in Q4 2019, compared to the advance estimate of a 0.8% growth and after a 0.7% expansion in Q3. Singapore Q3 Jobless Rate Highest Since 2004, Singapore Bank Lending Smallest in 17 Months, Singapore Producer Prices Drop the Most in 4 Months, Singapore Manufacturing Growth Accelerates Sharply, Singapore Consumer Prices Unexpectedly Flat, Singapore Q3 Private Home Prices Rise at Faster Pace, Singapore Exports Rise Less than Expected, Singapore Keeps Monetary Policy Unchanged, Singapore Q3 GDP Contracts Slightly More than Expected, European Stocks Post Worst Week Since March, French Shares Book Worst Month since March, Dow and S&P on Track for 2nd Month of Losses, Colombia Jobless Rate Jumps to 15.8% in September, Colombia Exports Continue to Drop in September, Canada Government Budget Deficit Widens Sharply in August. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. DataBank. 1960-2019 Data | 2020-2022 Forecast | Historical | Chart | News. For the whole of 2019, the Singapore economy expanded by 0.7%, slower than the 3.4% growth recorded in 2018. If you continue to navigate this website beyond this page, cookies will be placed on your browser.

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