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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 1.10 Percent in April 2026. The reading fell from the previous value of 1.30 Percent. Over the past 12 months, the indicator has averaged 2.94 Percent, ranging from 1.00 Percent to 6.90 Percent across 8 releases. This is classified as a high-impact indicator released on a quarterly basis.
WHY IT MATTERS
The trailing three releases averaged 1.40 Percent, down from the prior three at 5.00 Percent. Volatility over the past year (σ 2.06 Percent) is higher than the prior year (σ 1.22 Percent). In July readings over the past 3 years, Singapore GDP Growth Rate has averaged 1.93 Percent.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bearish USD).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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GDP growth (annual %) - SG
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About GDP growth (annual %) — Singapore
DEFINITION
Singapore's GDP Growth Rate for June registered at 1.100000 percent, down from May's 1.000000 percent, indicating a slight acceleration in growth. The increase from 1.0 to 1.1 percent signals continued expansion but at a modest pace. Market focus remains on upcoming economic data to gauge momentum amid steady central bank policy. Updated 7/15/26
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 (Jul 2026): actual 1.1 Percent. Prior reading (May 2026): 1 Percent. Before that (Feb 2026): 2.1 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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Economic Calendar - SG Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 02:00 | SG | Bank Lending | 931.4 | 917.7 | 884.1 | 907.75 | Low |
| 02:30 | SG | Unemployment Rate | 2 | 2 | 2.1 | 2.05 | Low |
| 05:00 | SG | Business Confidence | 12 | 17 | 5 | 8.50 | Low |