Singapore’s economic expansion moderated in the second quarter of 2026, with year-over-year GDP growth easing to 5.7%, down from 6.3% in the first quarter of 2026. The latest figures, updated on 14 July 2026, reflect a slight cooling in momentum following a stronger start to the year.
Both the current and previous readings are based on a year-over-year comparison, measuring growth against the same quarter a year earlier. The first quarter’s 6.3% print compared Q1 2026 to Q1 2025, while the newly released 5.7% figure compares Q2 2026 to Q2 2025.
The slowdown suggests that while Singapore’s economy continues to grow at a solid pace, the peak acceleration seen at the start of 2026 may be easing as the year progresses. Investors and policymakers will be watching subsequent quarters closely to assess whether this represents a temporary moderation or the beginning of a more sustained trend of softer growth.
