Growing our economy

The 1970s: Upgrading the Economy

In order to keep growing, Singapore took on a two-pronged approach — to attract new foreign investments and to upgrade and upskill workers

1979 to 1984: Economic Restructuring

Through economic restructuring, Singapore accelerated the growth of our economy and succeeded in attracting high-value, capital intensive industries and companies

1986 to 1996: Rebounding into a Decade of Growth

Through diversification of our economy and developing multiple areas of growth, Singapore's economy emerged stronger and more resilient

1997 to 2009: Overcoming Multiple Crises

In spite being marked as one of the most difficult periods since independence, Singapore endured the Asian Financial Crisis, SARS, and the Global Financial Crisis

2010 to the Present: New Challenges

While Singapore's economy has developed, new challenges have arose