ECONOMIC SURVEY OF SINGAPORE 2018

In the fourth quarter of 2018, the economy grew by 1.9 per cent on a year-on-year basis, easing from the 2.4 per cent growth in the previous quarter. The sectors which contributed the most to growth in the quarter were the manufacturing and finance & insurance sectors. For the whole of 2018, the economy expanded by 3.2 per cent, a moderation from the 3.9 per cent growth in 2017. The main contributors to GDP growth for the year were the manufacturing, wholesale & retail trade and finance & insurance sectors.

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Singapore