SINGAPORE - Singapore's gross domestic product (GDP) expanded by 4.3 percent year-on-year in the second quarter of 2025, slightly higher than the 4.1 percent growth recorded in the first quarter, according to advance estimates released by the Ministry of Trade and Industry on Monday.

On a quarter-on-quarter seasonally adjusted basis, the economy grew by 1.4 percent, rebounding from a 0.5 percent contraction in the previous quarter.

For the first half of 2025 as a whole, GDP growth averaged 4.2 percent year-on-year.

Despite the stronger performance, the ministry cautioned that "significant uncertainty and downside risks" remain in the global economy in the second half of 2025, citing ongoing ambiguity over US tariff policies.

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By sector, manufacturing led growth with a 5.5 percent year-on-year increase in the second quarter, supported by output expansions across all clusters except for chemicals and general manufacturing.