Singapore’s economy grows more than 5 percent amid AI boom

City-state’s GDP expands 5.4 percent in July-September quarter, according to advance government estimates.Published On 14 Oct 202614 Oct 2026Singapore’s economy grew more than 5 percent in the most recent quarter, continuing an AI-fuelled boom that has made the city-state one of the fastest-growing advanced economies.Gross domestic product (GDP) grew 5.4 percent year-on-year between July and September, down from a 6.2 percent expansion in the second quarter, according to advance government estimates released on Wednesday.Recommended Stories list of 4 itemslist 1 of 4UN Human Rights Council elects 15 members in uncontested votelist 2 of 4Ukrainian ex-officer goes on trial in Germany over Nord Stream blastslist 3 of 4Houthi missiles intercepted over Saudi Arabia as battles intensifylist 4 of 4Israel returns 22 stolen ancient artefacts to Greeceend of listManufacturing, which is dominated by the city-state’s semiconductor industry, grew 7.5 percent, according to the estimates from the Ministry of Trade and Industry.Increased output in “electronics, precision engineering, transport engineering and general manufacturing clusters” drove growth, the ministry said, offsetting declines in t...