Singapore’s GDP expands by 4.4% in 2024, quickest development since 2021

An undated pictures of an evening view of the Singapore skyline from the Marina Barrage.

Calvin Chan Wai Meng | Second | Getty Photos

Singapore’s GDP expanded by 4.4% in 2024, marking its quickest development since 2021, authorities information confirmed Friday.

The financial system had expanded by 1.8% in 2023.

For the fourth quarter alone, Singapore’s GDP grew 5% 12 months on 12 months, larger than the 4.7% forecast by the Reuters ballot, however decrease than the 5.7% enlargement seen within the earlier quarter.

The 5% development determine additionally surpassed advance estimates of 4.3% introduced on Jan. 2.

That is breaking information, please verify again for extra.

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