René Muschter
Research Expert covering Industry & Mobility
Construction industry in Singapore - statistics & facts
The construction sector accounted for 2.9 percent of Singapore's nominal gross domestic product in 2021. While this sector was severely hit by the COVID-19 pandemic in 2020, the construction sector grew by 20 percent in 2021, on the back of a strong post-COVID-19 economic recovery in Singapore. Although the industry has yet to bounce back to pre-pandemic levels, several major public sector projects are expected to spur growth and recovery in the years to come.
