[Update] Singapore’s economy grows at its fastest pace in more than a year | gdp สิงคโปร์ – POLLICELEE

gdp สิงคโปร์: นี่คือโพสต์ที่เกี่ยวข้องกับหัวข้อนี้

A man wearing a face mask walks past a mural in Chinatown in Singapore on April 1, 2020.

Roslan Rahman | AFP | Getty Images

SINGAPORE — Singapore’s economy grew at its fastest pace in more than a year in the first quarter of 2021, helped by a stronger-than-expected manufacturing sector, official data showed Tuesday.

But the government warned of “heightened uncertainties” arising from the Covid-19 pandemic in the months ahead while maintaining its growth forecast for Singapore at 4% to 6% for 2021.

The Southeast Asian economy expanded by 1.3% in the quarter ended March compared with a year ago, the ministry of trade and industry said in an economic update.

That’s the highest growth rate in Singapore since the fourth quarter of 2019 and an improvement from official advance estimates of a 0.2% expansion. The latest GDP print also exceeded the 0.9% year-on-year growth projected by analysts in a Reuters poll.

On a quarter-on-quarter basis, the Singapore economy grew 3.1% — faster than the government’s earlier estimates of 2%.

Here’s how the different sectors performed in the first three months of 2021:

  • Manufacturing expanded by 10.7% from a year ago, lifted by stronger output in the electronics, precision engineering and chemicals clusters.
  • Construction contracted by 22.7% year on year, weighed down by declines in both public and private sector projects.
  • Services-producing industries shrank a slight 0.5% from a year ago — improving from the 4.7% contraction in the previous quarter.

Singapore has been battling a rise in Covid-19 cases in recent weeks, which led the government to impose stricter measures for about a month starting May 15. A planned air travel bubble with Hong Kong was also postponed.

The trade and industry ministry said the tightening of domestic restrictions and border controls is a “setback” to certain segments of the economy.

Song Seng Wun, an economist at Malaysian bank CIMB Private Banking, said Singapore’s economic trajectory depends to a large extent on what happens with the Covid-19 outbreaks around the region and the global economic recovery.

That’s because Singapore has a “pretty small” domestic market, while exports account for up to three times the size of the economy, Song told CNBC’s “Street Signs Asia” after the latest GDP data release. Singapore’s exports-to-GDP ratio of over 170% is one of the highest globally, World Bank data showed.

“Global demand for Singapore’s key exports remain fairly strong so the export-oriented industries, goods in particular, (are) certainly lifting Singapore’s growth,” said Song.

Overall, Singapore economy should still recover this year “in tandem with the global economic rebound and further progress in the domestic vaccination programme,” said the trade and industry ministry. It added that it will review its economic forecast in August.

As of Monday, the country has reported more than 61,800 Covid cases and 32 deaths since the start of 2020, data by the health ministry showed. Close to 2 million people in Singapore — or around one-third of population — have received at least one dose of the coronavirus virus as of May 17, official data showed.

[Update] Singapore raises 2021 economic growth forecast as Covid vaccination progresses | gdp สิงคโปร์ – POLLICELEE

People walk and cycle on a bridge leading away from the Merlion statue in the Marina Bay area of Singapore on Saturday, 22 May 2021.

SINGAPORE — Singapore’s government raised its official growth forecast for 2021 after the economy held up stronger than expected in the first half of the year as the domestic Covid-19 situation stabilizes.

The Singapore economy is now expected to grow between 6% and 7% this year, the trade and industry ministry said Wednesday. That compared with the previous official projection range of 4% to 6%.

“Barring a major setback in the global economy, the Singapore economy is expected to continue to see a gradual recovery in the second half of the year, supported in large part by outward-oriented sectors,” the ministry said in an economic update.

“The progressive easing of domestic and border restrictions as our vaccination rates continue to rise will also help to support the recovery of our consumer-facing sectors and alleviate labour shortages in sectors that are reliant on migrant workers,” it added.

Biggest ASEAN Economies in 2025: GDP PPP (Indonesia, Malaysia, Vietnam, Philippines, Singapore)

This is a video on Southeast Asia Economies in terms of GDP PPP from 1980 to 2025.
GDP PPP (purchasing power parity) is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. Purchasing power parities (PPPs) are the rates of currency conversion that eliminate the differences in price levels between countries.
Countries featured in this Video includes:
The ASEAN Economic Community (AEC), formed in 2015, has a combined GDP of $2.8 trillion, and is also the 3rd fastestgrowing major IndoPacific economy in the past decade, after China and India. As a critical hub for global trade, over $3.4 trillion in global trade transits through the ASEAN region each year.
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audio: Covid Come Not Near Nat Keefe \u0026 Hot Buttered Rum
Data Source: Worldbank

นอกจากการดูบทความนี้แล้ว คุณยังสามารถดูข้อมูลที่เป็นประโยชน์อื่นๆ อีกมากมายที่เราให้ไว้ที่นี่: ดูความรู้เพิ่มเติมที่นี่

Biggest ASEAN Economies in 2025: GDP PPP (Indonesia, Malaysia, Vietnam, Philippines, Singapore)


Poland Indonesia Singapore

Poland, Indonesia, Singapore, and Monaco has similar flags. Their flags consist mostly of Red and White color.

Poland, Indonesia, Singapore, Monaco, Poland Economy, Indonesia Economy, Singapore Economy, Monaco Economy, Poland GDP, Indonesia GDP, Singapore GDP, Monaco GDP, Poland GDP Percapita, Indonesia GDP Percapita, Singapore GDP Percapita, Monaco GDP Percapita


ASEAN GDP 2100 (Indonesia, Philippines, Thailand, Vietnam…) (1960-2100)

This video shows the GDP Comparison of History and Future between ASEAN Countries such as Indonesia, The Philippines, Thailand, Vietnam, Malaysia, Laos, Singapore and Cambodia
Source: World Bank \u0026 IMF

ASEAN GDP 2100 (Indonesia, Philippines, Thailand, Vietnam...) (1960-2100)

Top 20 Asian Country by GDP Per Capita (1960-2020)

This video shows the Top 20 Asian countries with highest GDP per capita from 1960 to 2020. Per capita gross domestic product (GDP) is a metric that breaks down a country’s economic output per person and is calculated by dividing the GDP of a country by its population.
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Top 20 Asian Country by GDP Per Capita (1960-2020)

Thailand vs Singapore GDP/GDP per capita/Economic Comparison 1960-2023

Thailand vs Singapore GDP/GDP per capita/Economic Comparison 19602023
More videos about Singapore: https://www.youtube.com/playlist?list=PL1gc3Azh33aehHptFHZTJdSs9kcNaH7k
More videos about Thailand: https://www.youtube.com/playlist?list=PL1gc3Azh33actj6Pci2u7HJm5KjosMI7
Thai Economy
Thailand GDP per capita
Thailand GDP 2020
Thailand GDP 2021
Thailand GDP 2022
Thailand GDP 2023
Singaporean Economy
Singapore GDP per capita
Singapore GDP 2020
Singapore GDP 2021
Singapore GDP 2022
Singapore GDP 2023
Is Thailand richer than Singapore?
Is Singapore richer than Thailand?
Is Thailand better than Singapore?
Is Singapore better than Thailand?
Singapore vs Thailand
Thailand vs Singapore
ไทยเทียบกับสิงคโปร์ GDP / GDP ต่อหัว / การเปรียบเทียบทางเศรษฐกิจ พ.ศ. 25032566
GDP ต่อหัวของประเทศไทย
GDP ประเทศไทย 2020
GDP ประเทศไทย 2564
GDP ประเทศไทย 2565
GDP ประเทศไทย 2566
GDP ต่อหัวของสิงคโปร์
GDP ของสิงคโปร์ปี 2020
GDP ของสิงคโปร์ 2021
GDP ของสิงคโปร์ 2022
GDP ของสิงคโปร์ 2566
สิงคโปร์ vs ไทย
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Common Source:
1) Tradingeconomics
2) Countryeconomy.com
3) Worldbank
4) IMF
5) Statista
6) UN
Other main sources:
National statistic agencies, ex: ”United States Census Bureau”, ”Statistics Belgium”, ”Badan Pusat Statistik”, ”Direction générale Statistique (Belgium)”, ‘Istituto Nazionale di Statistica; Istat (Italy)”’, etc.

Thailand vs Singapore GDP/GDP per capita/Economic Comparison 1960-2023

นอกจากการดูบทความนี้แล้ว คุณยังสามารถดูข้อมูลที่เป็นประโยชน์อื่นๆ อีกมากมายที่เราให้ไว้ที่นี่: ดูบทความเพิ่มเติมในหมวดหมู่General news

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