Undisputed photo of the night view of Singapore Skyline from Marina Barage.
Calvin Chan Wai Meng | Moment | Getty Images
Singapore GDP spread by 4.4% 2024 The fastest growth since 2021Government data showed on Friday.
The economy increased by 1.8% in 2023.
In the fourth quarter alone, the Singapore GDP increased 5% of the year, more than 4.7% of the forecast for an economist survey surveyed by Reuters, but less than 5.7% expansion recorded in the previous quarter.
A picture of growth of 5% also surpassed estimates in advance from 4.3% announced on January 2.
The Ministry of Trade and Industry of the country has announced that GDP growth for a year has mainly led the wholesale sector of the trade, finance and insurance and production.
However, the retail sector, as well as food and drink sectors in Singapore, partly, because people transferred their consumption to a foreign travel destination, the Ministry added.
Singapore GDP Growth Forecast was maintained at 1% -3% throughout the year for 2025.
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