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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).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/SGD | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth (Annual %) (Singapore) was reported at 5.03 Percent in December 2025. The reading fell from the previous value of 5.34 Percent. This is classified as a high-impact indicator released on a yearly basis.
WHY IT MATTERS
The trailing three releases averaged 3.94 Percent, up from the prior three at 3.35 Percent. In December readings over the past 3 years, GDP Growth (Annual %) has averaged 3.94 Percent.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bullish SGD). A secondary relationship exists with AUD/USD, positively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update December 2025.
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GDP growth (annual %) - SG
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About GDP growth (annual %) — Singapore
DEFINITION
Singapore's GDP Growth (Annual %) for 2025 came in at 5.025882%, slightly below 2024's 5.343512%. This marks a modest deceleration in economic expansion compared to the previous year. Market focus will remain on upcoming trade data and monetary policy signals amid steady growth. Updated 7/1/26
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 annually.
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 (Bullish SGD, r=-0.50) — 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 |