Singapore's 2024 GDP growth beats expectations at 4%, early data shows

City-state's gains moderate in fourth quarter heading into election year

20250102 Singapore CBD.JPG

A view of Singapore's financial centre. Economic growth in the Southeast Asian city-state was better than expected at 4% in 2024, according to preliminary government data. © Reuters

DYLAN LOH, Nikkei staff writer

SINGAPORE -- Singapore's economy grew faster than expected in 2024, according to preliminary government data, but the pace of expansion is set to ease in what is a general election year in the city-state amid global trade uncertainties.

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