Singapore’s Economy Grows at Fastest Pace in Five Quarters in Q4 2025

Singapore | EcoPulse24

The Singaporean economy saw a marked acceleration in growth during Q4 2025, achieving year-on-year growth of 5.7%, up from a revised 4.3% in Q3, representing the strongest quarterly performance since Q3 2024, according to preliminary data.

This acceleration was mainly fueled by the manufacturing sector, which recorded an annual jump of 15%, sharply up from 4.9% in the previous quarter, supported by expansions in biomedical manufacturing and electronics.

By contrast, construction sector growth slowed to 4.2% year-on-year, down from 5.1% in Q3.
In the services sectors, wholesale and retail trade as well as transport and storage activities rose by 3.9%, compared to 3.7% in the previous quarter.

On a quarterly basis, the economy grew by 1.9% in Q4, following a 2.4% expansion in Q3, reflecting a relatively moderate short-term momentum despite strong annual performance.

Strong Annual Performance Without New Forecasts

For the full year 2025, Singapore’s GDP grew by 4.8%, accelerating from 4.4% in 2024.
The latest data did not include any official forecasts for 2026, though the Ministry of Trade and Industry had earlier indicated an expected growth range of 1.0% to 3.0%.

EcoPulse24 Analysis

The acceleration in Singapore’s Q4 growth reflects a robust recovery in manufacturing as the main driver of economic activity, particularly in high value-added sectors like biomedical and electronics.
However, the moderation in quarterly growth and waning momentum in some service and construction segments point to a more balanced growth environment entering 2026. Economic performance may trend lower compared to 2025 amid the absence of updated official guidance for future outlook.