Singapore's 2010-2011 growth streak
Singapore posted back-to-back years of growth above 5% in 2010 and 2011, rebounding hard from the global financial crisis. Exports of electronics and precision engineering drove the surge as world demand recovered.
The streak ended as global electronics demand cooled, and Singapore settled back into slower, mid-single-digit growth in the years that followed.
It set the benchmark the current run must beat: 2024 and 2025 marked the first back-to-back years above 5% since 2010-2011.
The present boom is the first to match that performance, and it is driven by the same kind of concentrated electronics demand — this time powered specifically by AI chips.
