Ministry of Energy, Trade and Industry

Stories

Singapore's economy grows 5.4% as AI-driven chip boom extends

Publishes GDP advance estimates; will announce 2026-2027 growth forecasts in November

Singapore's economy expanded 5.4% in the third quarter of 2026, beating forecasts and extending a boom driven by demand for the semiconductors that power artificial-intelligence systems. Growth eased from 6.2% in the previous quarter but remains the strongest of any major advanced economy except Taiwan.

Updated Oct 31