Singapore’s Economy Grew by 5.9 Percent in Fourth Quarter of 2021: Advance Estimates

Based on advance estimates (PDF) by the Ministry of Trade and Industry (MTI), Singapore’s economy grew by 5.9 percent on a year-on-year basis in the fourth quarter of 2021, moderating from the 7.1 per cent growth in the previous quarter. 

A vessel is seen opposite the Marina Pier in front of Indonesia's Batam Island (background) in Singapore on May 2, 2020. Roslan Rahman/AFP via Getty Images

Based on advance estimates (PDF) by the Ministry of Trade and Industry (MTI), Singapore’s economy grew by 5.9 percent on a year-on-year basis in the fourth quarter of 2021, moderating from the 7.1 percent growth in the previous quarter. 

These advance estimates are computed based on data from October and November 2021 and are intended as an early indication of Gross Domestic Product (GDP) growth in the quarter.