Singapore's GDP year-on-year for the second quarter
Ministry of Trade and Industry of Singapore announced the Singapore's GDP year-on-year for the second quarter on 2025-07-14. against a forecast of 3.50%, with the prior figure recorded as 3.90%.
Regarding the Singapore's GDP year-on-year for the second quarter, Actual value > Expected value = Bullish for the currency, The Singapore Statistics Bureau reports that a significant increase in a country's GDP reflects robust economic development, rising national income, and enhanced consumption capacity. In this context, the country's central bank may raise interest rates and tighten the money supply. A strong economic performance and rising interest rates will increase the attractiveness of the national currency. Conversely, if a country's GDP experiences negative growth, it indicates that the economy is in a recession, leading to a decrease in consumption capacity. In such cases, the central bank may lower interest rates to stimulate economic growth again. A drop in interest rates, combined with poor economic performance, will reduce the attractiveness of the national currency. Therefore, in general, a high economic growth rate will drive the appreciation of the national currency's exchange rate, while a low economic growth rate will result in the depreciation of the national currency's exchange rate.
This data holds an importance level of , calculated using Gross Domestic Product (GDP) measures the final market value of all goods and services produced by a country. It is the most commonly used indicator of economic activity. The industry method GDP (or output-based GDP) is the total value added (output minus intermediate consumption) of all industry and service classifications in the economy (measured at basic prices) plus all taxes, minus product subsidies. This concept is adjusted for inflation, and updates quarter.
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