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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore GDP Growth Rate YoY fell to 5.7% in April 2026
FMPQuarterlyReleased July 2026
Singapore GDP Growth Rate YoY fell to 5.7% in April 2026, released July 2026, down 0.6% from March's 6.3% reading. The reading matched the 5.5% consensus. The print is running well above the 12-month average of 4.74%. Over the past 3 months, GDP Growth Rate YoY averaged 6.0%, vs 5.75% in the prior 3-month window. The reading is in the 78th percentile of the trailing 24-month range.
Latest Release
5.7
Actual
5.5
Consensus
6.3
Previous
Median Absolute Error
±0.75 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 5.95
Actual: 5.7
Error: +0.25
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
GDP Growth Rate YoY (Singapore) was reported at 5.7% in July 2026. This beat the market consensus of 5.5% by 0.2%. The reading fell from the previous value of 6.3%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 5.11%, ranging from 2.9% to 6.9% across 7 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 6.2%, up from the prior three at 4.27%. Volatility over the past year (σ 1.25%) is higher than the prior year (σ 0.71%). In July readings over the past 3 years, GDP Growth Rate YoY has averaged 4.3%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.75%.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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GDP Growth Rate YoY - SG
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About GDP Growth Rate YoY — Singapore
DEFINITION
The GDP Growth Rate YoY (Year-over-Year) is a key economic indicator that measures the annual change in a country's Gross Domestic Product (GDP). It provides insight into the overall health and performance of an economy, as a higher growth rate indicates a stronger and more robust economy. This indicator is closely monitored by policymakers, investors, and businesses to make informed decisions and assess the current and future economic outlook. A positive GDP Growth Rate YoY is generally seen as a positive sign of economic growth and stability, while a negative growth rate may indicate a slowdown or recession.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 5.7 %, consensus 5.5 %. Prior reading (Jan 2026): 6 %. Before that (Jan 2026): 6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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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 |