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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore GDP growth (annual %) fell to 1.08 Percentage (%) in January 2023
World BankYearlyReleased January 2023
Singapore GDP growth (annual %) fell to 1.08 Percentage (%) in January 2023, down 2.76 Percentage (%) from December's 3.84 Percentage (%) reading.
Latest Release
1.08
Latest (2023)
3.84
Previous
World Bank
Source
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Singapore GDP Growth Rate (Singapore) was reported at 2.10 Percent in November 2025. Over the past 12 months, the indicator has averaged 3.67 Percent, ranging from 1.40 Percent to 6.90 Percent across 7 releases. This is classified as a high-impact indicator released on a quarterly basis.
WHY IT MATTERS
The trailing three releases averaged 4.90 Percent, up from the prior three at 2.23 Percent. Volatility over the past year (σ 1.88 Percent) is higher than the prior year (σ 1.41 Percent). In February readings over the past 3 years, Singapore GDP Growth Rate has averaged 2.93 Percent.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bearish USD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CPI YoY (May 25).
Auto-generated from current model state · Refreshes on each release · Last update February 2026.
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GDP growth (annual %) - SG
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About GDP growth (annual %) — Singapore
DEFINITION
Singapore's GDP Growth Rate slowed sharply to 2.1% in February 2026 from January's 6.9%. This marks the steepest month-on-month decline in the past year, with manufacturing, trade-related services, and construction as key contributors. Market reaction was muted as investors await further clarity on policy direction amid ongoing global demand uncertainties. Updated 4/3/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus typically move rates and currencies on release. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2026): actual 2.1 Percent. Prior reading (Feb 2026): 6.9 Percent. Before that (Jan 2026): 5.7 Percent.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/SGD (Bearish USD, r=-0.53) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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