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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore GDP Growth Rate YoY climbed to 6.0% in January 2026
FMPQuarterlyReleased May 2026
Singapore GDP Growth Rate YoY climbed to 6.0% in January 2026, released May 2026, up 0.3% from December's 5.7% reading. The print exceeded the 5.1% consensus by 0.9%. The print is running well above the 12-month average of 4.66%. Over the past 3 months, GDP Growth Rate YoY averaged 5.3%, vs 6.3% in the prior 3-month window. The reading is in the 89th percentile of the trailing 24-month range.
Latest Release
6
Actual
5.1
Consensus
5.7
Previous
Median Absolute Error
±0.75 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 5.1
Actual: 6
Error: -0.9
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
GDP Growth Rate YoY (Singapore) was reported at 6% in May 2026. This beat the market consensus of 5.1% by 0.9%. The reading rose from the previous value of 5.7%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 4.91%, ranging from 2.9% to 6.9% across 7 releases.
WHY IT MATTERS
The trailing three releases averaged 6.2%, up from the prior three at 3.83%. Volatility over the past year (σ 1.25%) is higher than the prior year (σ 0.83%). In May readings over the past 3 years, GDP Growth Rate YoY has averaged 4.2%.
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 July 14, 2026. Same-country events in the next 14 days include CPI YoY (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update May 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 (Jan 2026): actual 6 %, consensus 5.1 %. Prior reading (Jan 2026): 6 %. Before that (Jan 2026): 4.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection.