Singapore: Economy Grows 2.9% in Q3 2025, Expansion Moderates Across Key Sectors

SINGAPORE — The republic’s economy grew 2.9% year-on-year in the third quarter of 2025, moderating from the 4.5% expansion recorded in the previous quarter, according to advance estimates released by the Ministry of Trade and Industry (MTI). On a quarter-on-quarter seasonally adjusted basis, GDP rose 1.3%, slightly below the 1.5% recorded in Q2.

Manufacturing output was flat due to declines in the biomedical and general manufacturing clusters, offsetting gains in other segments. Construction grew 3.1%, slower than the 6.2% in Q2, supported by both public and private sector activity.

Singapore Economy Grows

Services remained resilient, with the information, communications, finance, and professional services sectors expanding 4.4%. Accommodation and real estate activities rose 4.1%, boosted by higher international visitor arrivals.

MTI said preliminary GDP figures, including sectoral breakdowns and productivity data, will be published in November’s Economic Survey of Singapore.

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