Singapore GDP Growth Q1 2025 Slows to 4.6%

Singapore GDP growth 2025 slowed to 4.6% year-on-year in the first quarter, missing forecasts and easing from 5.7% in the previous quarter as manufacturing momentum weakened, according to advance estimates.

On a seasonally adjusted quarterly basis, the economy contracted 0.3%, reversing growth of 1.3% previously.

The Ministry of Trade and Industry said manufacturing expanded 5.0% year-on-year, down sharply from 11.4% in the fourth quarter, while construction growth accelerated to 9.0%.

Officials said growth remains resilient but warned that geopolitical tensions, including the U.S.-Israel-Iran conflict, could weigh on economic activity in the coming quarters.