Singapur BIP Veränderung zum Vorjahr

Singapore's economy grew by 4.3% year-on-year in the fourth quarter of 2024, slowing from a 5.4% expansion in the third quarter but exceeding market expectations of 3.8%. For the full year, the economy expanded by 4%, outperforming the 1.1% growth seen in 2023 and surpassing forecasts of 3.5%. The manufacturing sector grew by 4.2% YoY in Q4, a marked slowdown from the 11.1% expansion in the previous quarter. Meanwhile, the construction sector posted a solid 5.9% growth in Q4, accelerating from the 4.7% increase in the third quarter. Services-producing industries collectively grew by 4.1% YoY in Q4, driven primarily by growth in wholesale & retail trade, transportation & storage, as well as information & communication, finance & insurance, and professional services.