Singapore's GDP Growth Surpasses Expectations in 2024

CosmicTaco · 2025-02-14T09:44:29.792899+05:30

- Singapore's GDP grew by 4.4% in 2024, the fastest since 2021, according to government data. - Q4 GDP rose 5% year-on-year, beating the 4.7% forecast but lower than the previous quarter's 5.7% growth. - The Ministry of Trade and Industry maintains a 2025 GDP growth forecast of 1.0% to 3.0%, citing significant global economic uncertainties. Source: [Cnbc](https://www.cnbc.com/2025/02/14/singapores-gdp-growth-fastest-since-2021.html), [Forexlive](https://www.forexlive.com/news/singapore-q4-gdp-blasted-higher-than-estimates-at-5-yy-expected-47-20250214/)

Singapore's GDP grew by 4.4% in 2024, the fastest since 2021, according to government data.
Q4 GDP rose 5% year-on-year, beating the 4.7% forecast but lower than the previous quarter's 5.7% growth.
The Ministry of Trade and Industry maintains a 2025 GDP growth forecast of 1.0% to 3.0%, citing significant global economic uncertainties.

Source: Cnbc, Forexlive