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Ministry of Energy, Trade and Industry
1. Press releases

Advance GDP Estimates for First Quarter 2007

10 April 2007

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10 April 2007. The Singapore economy continued to grow at a healthy pace. Advance estimates show that real gross domestic product (GDP) rose by 6.0 per cent in the first quarter of 2007 compared to the same period in 2006. On a quarter-on-quarter seasonally adjusted annualised basis, real GDP grew by 7.2 per cent, following a 7.9 per cent gain in the last quarter of 2006.

The manufacturing sector is estimated to have grown at a slower pace of 6.1 per cent in the first quarter, due partly to weaker growth in the biomedical manufacturing cluster. On the other hand, the transport engineering cluster continued to see strong expansion during the quarter. Both the electronics and chemicals clusters also picked up from a weak performance in the preceding quarter.

The construction sector grew faster in the first quarter. The sector is estimated to have grown by 7.0 per cent, up from a 4.7 per cent gain in previous quarter.

Download the full press release [PDF, 13 KB]. (opens in new tab)

MINISTRY OF TRADE AND INDUSTRY
10 April 2007