Singapore’s economy posted its highest quarterly output on record in the first three months of 2026, with gross domestic product at current prices reaching S$207.66 billion, seasonally adjusted figures show.
Peak output
The total surpasses the previous high of S$202.37 billion set in the final quarter of 2025, confirming that the city-state’s nominal output has now held above the S$200 billion mark for two consecutive quarters. The expansion marks a decisive break from the uneven recovery that followed the pandemic-era slump in 2020.
Factory floor strength
Manufacturing, the largest component of goods-producing industries, drove much of the gain. The sector delivered S$38.21 billion in value added during the quarter, its strongest showing since at least 2013 and a nearly 8% jump from the final three months of 2025.
Uneven sectoral picture
While manufacturing and construction both set new highs, utilities continued to lose ground. The segment shrank to S$2.67 billion, the lowest level in a year. Construction, meanwhile, surged to S$8.17 billion, extending a steady climb that began after a sharp contraction during the pandemic.
- Total GDP: S$207.66 billion in Q1 2026
- Manufacturing: S$38.21 billion — the dominant driver
- Construction: S$8.17 billion — a new record
- Utilities: S$2.67 billion — losing steam
- Span from peak to low: GDP more than 60 times the utilities contribution in Q1
The composition of growth leaves an open question about how much longer goods-producing sectors can power overall expansion, particularly if global trade faces fresh headwinds in the second half of the year.
Source: Singapore Department of Statistics via data.gov.sg · 2026-07-05T09:13:13.460Z
