S'pore GDP grew by 5.7% in Q4 2025, achieving overall 4.8% growth in 2025

Among sectors, manufacturing saw the strongest expansion.

Xueting Wu

January 02, 2026, 12:09 PM

The Singapore economy saw a surge of 5.7 per cent in the fourth quarter of 2025, faster than the 4.3 per cent growth in the previous quarter.

After adjusting for seasonal patterns, however, quarter-on-quarter growth was 1.9 per cent over the last three months, down from 2.4 per cent in the third quarter of the year, according to advance estimates from the Ministry of Trade and Industry (MTI) on Jan. 2.

Nonetheless, the year closed with an overall growth of 4.8 per cent, up from 4.4 per cent in 2024.

Prime Minister Lawrence Wong, in his 2026 New Year message, described the performance as stronger than expected amidst external troubles.

Previously in November 2025, MTI forecast Singapore's gross domestic product (GDP) growth for 2025 to be around 4 per cent.

By sector

All sectors recorded an expansion in the last quarter of 2025.

The greatest contribution to the year-end boost was from the manufacturing sector, which expanded 15 per cent in the fourth quarter compared to the same period in 2024.

It is a big jump from the 4.9 per cent year-on-year growth in the third quarter.

In terms of seasonally adjusted quarter-on-quarter growth, the manufacturing sector grew by 9.2 per cent in the fourth quarter, slower than the previous quarter's 11.1 per cent.

The manufacturing sector saw expanded output in the biomedical manufacturing industry, especially pharmaceuticals.

The electronics industry also posted strong output, bolstered by sustained demand for AI-related products.

The second-best performance in the last quarter was recorded by the construction, and the information and communications sector, at 4.2 per cent growth.

However, for both sectors, this was a slower rate compared to the previous quarter.

There was an increase in both public and private sector construction over the last three months, according to MTI.

As for the services sectors, which includes accommodation and food services, real estate, and administrative services, they grew 3.2 per cent year-on-year in the fourth quarter.

This was slower than the 4 per cent expansion over the preceding three months.

The accommodation sector, in particular, was boosted by a rise in international visitor arrivals.