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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore GDP Growth Rate YoY fell to 5.9% in April 2026
FMPQuarterlyReleased August 2026
Singapore GDP Growth Rate YoY fell to 5.9% in April 2026, released August 2026, down 0.4% from March's 6.3% reading. The reading matched the 5.9% consensus. The print is running well above the 12-month average of 4.9%. The reading is in the 81st percentile of the trailing 24-month range.
Latest Release
5.9
Actual
5.9
Consensus
6.3
Previous
Median Absolute Error
±0.75 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 6.18
Actual: 5.9
Error: +0.28
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
GDP Growth Rate YoY (Singapore) was reported at 5.9% in August 2026. This matched the market consensus of 5.9% exactly. The reading fell from the previous value of 6.3%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 5.33%, ranging from 2.9% to 6.9% across 7 releases.
WHY IT MATTERS
The trailing three releases averaged 5.87%, up from the prior three at 5.6%. Volatility over the past year (σ 1.24%) is higher than the prior year (σ 0.51%). In August readings over the past 3 years, GDP Growth Rate YoY has averaged 4.4%.
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%.
WHAT TO WATCH NEXT
The next release is scheduled for October 14, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 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 5.9 %, consensus 5.9 %. Prior reading (Apr 2026): 5.7 %. Before that (Jan 2026): 6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
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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 | |