Singapore's GDP per capita, measured in constant 2015 US Dollars, has seen significant growth from $3,777 in 1961 to $66,176 in 2021, according to World Bank and OECD data. However, the country's economy experienced a slower growth rate in the fourth quarter of 2023, growing at an actual 2.2%, which is below the forecasted 2.4% and the previous 2.8%. This slowdown was attributed to a contraction in manufacturing activity and a deceleration in services growth, marking the growth as lower than estimate. Meanwhile, the euro-area economy stagnated at the end of 2023, despite a brighter outlook for its manufacturing sector.
Singapore's Q4 economy grows slower than first estimates https://t.co/ue22e35NmF https://t.co/qbN5jSUIWV
Singapore’s economy grew 2.2% in the fourth quarter, slower than forecast: CNBC 🇸🇬
Singapore’s economy expanded by a slightly more modest pace than initially expected in 2023, as manufacturing activity contracted and services growth slowed https://t.co/udShB5anZL
Singapore's economy grew 2.2% in the fourth quarter, slower than forecast https://t.co/WpjEMOlTSk
⚠️ SINGAPORE ECONOMY GROWS 2.2% Y/Y IN Q4, LOWER THAN ESTIMATE Full Story → https://t.co/fZZRRcGHJV
🔴 SINGPAORE GDP YOY ACTUAL 2.2% (FORECAST 2.4%, PREVIOUS 2.8%) $MACRO
The euro-area economy stagnated at the end of 2023, data Wednesday confirmed, while a separate report painted a brighter picture for the struggling manufacturing sector. https://t.co/zg3sl9C1RJ
🇸🇬 Singapore GDP per capita (constant 2015 US Dollars) 1961: $3,777 1991: $24,133 2021: $66,176 (World Bank and OECD) https://t.co/Xd8xagbhzX