Singapore's economy expands 4.4% in 2024, up from earlier estimates

People walk on the street during lunch break at Raffles Place in Singapore on January 22, 2025. (Photo by Roslan RAHMAN / AFP)

SINGAPORE: Singapore's economy expanded by 4.4 per cent in 2024, up from an earlier 4.0 per cent advance estimate, according to the Trade and Industry Ministry (MTI) today.

The growth is faster than the 1.8 per cent expansion in 2023, mainly driven by wholesale trade, finance and insurance, and manufacturing sectors.