Singapore Resilient Trade and Investments Drive Q1 Growth

Singapore's Q1 2026 GDP grew by a stronger-than-expected 6.0% yoy, driven by robust trade and investment. Consequently, Goldman Sachs raised its 2026 full-year growth forecast to 3.0%.

Key Takeaways

• 1.Singapore's Q1 2026 GDP growth of 6.0% yoy significantly beat expectations and the previous advance estimate of 4.6%.
• 2.Goldman Sachs has raised its full-year 2026 GDP growth forecast for Singapore from 1.7% to 3.0%.
• 3.Growth was primarily driven by resilient investment and a strong external sector, offsetting softening private and public consumption.

Table of Contents

• Key numbers
• Main points
• Disclosure Appendix
• Global product; distributing entities
• General disclosures

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