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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 5.90 Percent in May 2026. The reading fell from the previous value of 6.30 Percent. Over the past 12 months, the indicator has averaged 3.50 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 indicator has been trending upward over the last three releases. The trailing three releases averaged 2.67 Percent, down from the prior three at 4.90 Percent. Volatility over the past year (σ 2.17 Percent) is higher than the prior year (σ 1.34 Percent). In August readings over the past 3 years, Singapore GDP Growth Rate has averaged 3.40 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 August 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 July registered at 5.900000 percent, down from June's 6.300000 percent, indicating a slight deceleration in economic expansion. The July figure remains robust despite the month-over-month decline, reflecting continued growth momentum. Market participants will watch upcoming data for further clarity on Singapore's economic trajectory. Updated 8/12/26
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 (Aug 2026): actual 5.9 Percent. Prior reading (Jul 2026): 1.1 Percent. Before that (May 2026): 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
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:30 | SG | Balance of Trade | 10.724 | 11 | 10.29 | Low | |
| 00:30 | SG | Non-Oil Exports YoY | 24.2 | 35 | 39.20 | Low | |
| 02:30 | SG | Unemployment Rate | 2 | 2 | 2.00 | Low | |