(RTTNews) - Singapore's gross domestic product expanded 5.0 percent on year in the fourth quarter of 2024, the Ministry of Trade and Industry said on Friday - slowing from 5.7 percent in the third quarter.
On a seasonally adjusted quarterly basis, GDP added 0.5 percent - moderating from the 3.0 percent expansion in the three months prior.
For all of 2024, Singapore's GDP was up 4.4 percent - accelerating from 1.8 percent a year earlier.
According to the MTI, the Singapore economy is projected to expand by 1.0 to 3.0 percent in 2025.
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