Singapore's economic growth experienced a notable deceleration in the third quarter of 2025, with the Gross Domestic Product (GDP) expansion rate reaching only 1.3%, according to data updated on October 14, 2025. This figure marks a substantial decline from the previous quarter's growth rate of 5.8%.
The data provides a quarter-over-quarter comparison, highlighting the sharp contrast in economic performance between the second and third quarters of this year. In the second quarter of 2025, Singapore's GDP saw robust growth of 5.8%, driven by strong recovery momentum and post-pandemic economic activities. However, the current quarter's muted performance suggests a significant cooling in economic activities.
Industry analysts suggest that the slowdown could reflect a combination of factors, including global economic uncertainties, trade tensions, or policy adjustments aimed at stabilizing growth dynamics. The sharp contrast between the two quarters underscores the challenges Singapore faces in maintaining its economic growth amidst changing global conditions. As the year progresses, all eyes will be on Singapore's economic strategies and policy measures to navigate these complex challenges and reinvigorate growth.
