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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 July 2026. The reading fell from the previous value of 1.50 Percent. Over the past 12 months, the indicator has averaged 3.28 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 2.70 Percent, down from the prior three at 3.33 Percent. Volatility over the past year (σ 2.31 Percent) is higher than the prior year (σ 1.31 Percent). In October readings over the past 3 years, Singapore GDP Growth Rate has averaged 2.03 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 October 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 September registered at 1.1 percent, down from August's 1.5 percent, indicating a slowdown in economic expansion. The decline from 1.5 to 1.1 percent marks a notable deceleration compared to the previous month. Market participants will watch upcoming data closely as the central bank maintains a cautious stance amid moderating growth. Updated 10/15/26
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 (Oct 2026): actual 1.1 Percent. Prior reading (Aug 2026): 5.9 Percent. Before that (Jul 2026): 1.1 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, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 02:00 | SG | Bank Lending | 978.8 | 966.4 | 909.5 | 944.15 | Low |
| 02:30 | SG | Unemployment Rate | 2 | 1.9 | 2 | 2.00 | Low |
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 05:00 | SG | Business Confidence | 12 | 14 | 14.00 | Low | |
| 13:00 | SG | S&P Global Manufacturing PMI | 51.7 | 51.8 | 51.80 | Low | |