For the fourth quarter, Singapore's GDP grew 5% year on year, higher than the 4.7% forecast by economists polled by Reuters. This will be the last piece of key economic data from the city-state, before Prime Minister Lawrence Wong delivers the budget for the country for 2025 on Feb.

SINGAPORE -- Singapore's economy grew 4.4% in 2024 from a year earlier, government data showed Friday, on the back of stronger-than-expected rebounds in exports and tourism.

The economy grew 5% year-on-year in Q4 2024, down from 5.7% in Q3. Quarter-on-quarter growth slowed to 0.5% from 3%.

Singapore's GDP expanded by 4.4% in 2024, marking its fastest growth since 2021, government data showed Friday. The economy had expanded by 1.8% in 2023. For the fourth quarter alone, Singapore's GDP grew 5% year on year,