Annual growth rates for Singapore real Gross Domestic Product (GDP) are mapped to the Straits Times Index (STI) at the end of each year.
This table shows real GDP growth rates since 1997 with the latest 2014 performance.
| Year | GDP growth rate (%) | STI |
| 1997 | + 8.3 | 1529 |
| 1998 | – 2.2 | 1392 |
| 1999 | + 6.1 | 2479 |
| 2000 | + 8.9 | 1926 |
| 2001 | – 1.0 | 1623 |
| 2002 | + 4.2 | 1341 |
| 2003 | + 4.4 | 1764 |
| 2004 | + 9.5 | 2066 |
| 2005 | + 7.5 | 2347 |
| 2006 | + 8.9 | 2985 |
| 2007 | + 9.1 | 3482 |
| 2008 | + 1.8 | 1761 |
| 2009 | – 0.6 | 2897 |
| 2010 | + 15.2 | 3190 |
| 2011 | + 6.2 | 2646 |
| 2012 | + 3.4 | 3167.08 |
| 2013 | + 4.4 | 3167.43 |
| 2014 | + 2.9 | 3365.15 |
Source: Singapore Department of Statistics (for GDP numbers)
Afternote: GDP for 2014 was 2.9%.
GDP for 2014
For the whole year, GDP grew just 2.9%. This was weaker than 2013 of 4.4%. The STI however was up 6.2% from 2013, running ahead of economic growth in the year.
Forecast for 2015
The GDP forecast made by the Ministry of Trade and Industry for 2015 was between 2.0% to 4.0%.
As for inflation, the Monetary Authority of Singapore (MAS) in its Monetary Policy Statement (14 October 2014) forecast CPI-All Items inflation (headline inflation) for 2015 to be 0.5% to 1.5%. MAS Core Inflation (that excludes private road transport and accommodation costs) is forecast 2% to 3%.
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