2 January 2026. Based on advance estimates, the Singapore economy expanded by 5.7 per cent on a year-on-year basis in the fourth quarter of 2025, faster than the 4.3 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.9 per cent, easing from the 2.4 per cent expansion in the third quarter. For the whole of 2025, the economy expanded by 4.8 per cent, extending the 4.4 per cent growth in 2024.
Sectoral Performance in the Fourth Quarter of 2025
The manufacturing sector posted strong growth of 15.0 per cent on a year-on-year basis in the fourth quarter of 2025, accelerating from the 4.9 per cent expansion in the previous quarter. Growth during the quarter was largely driven by output expansions in the biomedical manufacturing and electronics clusters. The former was primarily supported by robust output growth in the pharmaceuticals segment, while the latter was bolstered by sustained demand for AI-related semiconductors, servers and server-related products. On a quarter-on-quarter seasonally-adjusted basis, the sector grew by 9.2 per cent, extending the 11.1 per cent expansion in the third quarter.
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MINISTRY OF TRADE AND INDUSTRY
2 January 2026