Singapore Government Debt: % of GDP

1990 - 2024 | Quarterly | % | CEIC Data

Key information about Singapore Government Debt: % of GDP

  • Singapore Government debt accounted for 173.0 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 173.7 % in the previous quarter.
  • Singapore government debt to GDP ratio data is updated quarterly, available from Mar 1990 to Sep 2024.
  • The data reached an all-time high of 174.0 % in Mar 2024 and a record low of 66.9 % in Dec 1994.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Singapore Department of Statistics provides Government Debt in local currency and Nominal GDP in local currency.


Related information about Singapore Government Debt: % of GDP

  • In the latest reports, Singapore National Government Debt reached 962.6 USD bn in Sep 2024.
  • The country's Nominal GDP reached 120.6 USD bn in Mar 2023.

View Singapore's Government Debt: % of GDP from Mar 1990 to Sep 2024 in the chart:

Singapore Government Debt: % of GDP

What was Singapore's Government Debt: % of GDP in Sep 2024?

Singapore Government debt accounted for 173.0 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 173.7 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
173.0 Sep 2024 173.7 Jun 2024 66.9 Dec 1994 174.0 Mar 2024 % quarterly Mar 1990 - Sep 2024

Government Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 53.7 Jun 2024 quarterly Sep 2010 - Jun 2024
Algeria (%) 48.9 2023 yearly 1997 - 2023
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 48.9 Sep 2024 quarterly Dec 2013 - Sep 2024
Australia (%) 38.0 2023 yearly 1999 - 2023
Austria (%) 83.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 88.7 Jun 2024 quarterly Dec 2007 - Jun 2024
Bangladesh (%) 26.4 2024 yearly 2010 - 2024
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 106.5 Mar 2024 quarterly Dec 1980 - Mar 2024
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 19.1 2023 yearly 2007 - 2023
Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
Brazil (%) 78.2 Sep 2024 quarterly Dec 2006 - Sep 2024
Bulgaria (%) 22.1 Jun 2024 quarterly Mar 2007 - Jun 2024
Cambodia (%) 25.3 2022 yearly 2013 - 2022
Canada (%) 68.6 2024 yearly 1962 - 2024
Chile (%) 40.9 Jun 2024 quarterly Mar 2002 - Jun 2024
China (%) 24.6 Jun 2024 quarterly Mar 2014 - Jun 2024
Colombia (%) 62.2 Jun 2024 quarterly Dec 2005 - Jun 2024
Croatia (%) 60.1 Jun 2024 quarterly Dec 1995 - Jun 2024
Cyprus (%) 69.7 Sep 2024 quarterly Dec 2010 - Sep 2024
Czech Republic (%) 42.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Denmark (%) 33.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Ecuador (%) 66.9 Jun 2024 quarterly Dec 2005 - Jun 2024
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 23.8 Jun 2024 quarterly Mar 2000 - Jun 2024
European Union (%) 81.5 Jun 2024 quarterly Mar 2000 - Jun 2024
Finland (%) 81.5 Sep 2024 quarterly Mar 2000 - Sep 2024
France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Georgia (%) 38.3 Jun 2024 quarterly Mar 2006 - Jun 2024
Germany (%) 62.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Ghana (%) 72.3 2023 yearly 2006 - 2023
Greece (%) 160.0 Jun 2024 quarterly Dec 1999 - Jun 2024
Hong Kong SAR, China (%) 50.2 2023 yearly 2003 - 2023
Hungary (%) 76.0 Sep 2024 quarterly Dec 1990 - Sep 2024
Iceland (%) 64.2 2023 yearly 1998 - 2023
India (%) 58.3 Jun 2024 quarterly Mar 2012 - Jun 2024
Indonesia (%) 38.9 Sep 2024 quarterly Jun 2015 - Sep 2024
Iran (%) 7.5 Dec 2023 quarterly Mar 1998 - Dec 2023
Ireland (%) 42.7 Jun 2024 quarterly Mar 2000 - Jun 2024
Israel (%) 60.3 2023 yearly 1995 - 2023
Italy (%) 138.3 Sep 2024 quarterly Dec 1995 - Sep 2024
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 217.0 Sep 2024 quarterly Dec 1994 - Sep 2024
Jordan (%) 89.5 Jun 2024 quarterly Mar 2002 - Jun 2024
Kazakhstan (%) 21.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Kenya (%) 67.2 Jun 2024 quarterly Dec 2009 - Jun 2024
South Korea (%) 46.1 Jun 2024 quarterly Sep 2002 - Jun 2024
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 0.3 Jun 2024 quarterly Dec 2010 - Jun 2024
Kyrgyzstan (%) 41.7 Sep 2024 quarterly Mar 2011 - Sep 2024
Latvia (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 37.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Luxembourg (%) 26.8 Jun 2024 quarterly Dec 1997 - Jun 2024
North Macedonia (%) 54.5 Jun 2024 quarterly Dec 2009 - Jun 2024
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 65.0 Sep 2024 quarterly Dec 2010 - Sep 2024
Malta (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Mauritius (%) 69.3 Dec 2023 quarterly Jun 2003 - Dec 2023
Mexico (%) 47.7 Sep 2024 quarterly Dec 2005 - Sep 2024
Moldova (%) 34.7 Sep 2024 quarterly Mar 2007 - Sep 2024
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 62.1 Jun 2024 quarterly Dec 2010 - Jun 2024
Morocco (%) 71.5 2022 yearly 1994 - 2022
Nepal (%) 39.9 2021 yearly 1990 - 2021
Netherlands (%) 43.2 Jun 2024 quarterly Dec 1999 - Jun 2024
New Zealand (%) 42.6 Jun 2024 quarterly Dec 2006 - Jun 2024
Nigeria (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 2024
Norway (%) 44.3 2023 yearly 1995 - 2023
Oman (%) 36.5 2023 yearly 1990 - 2023
Pakistan (%) 72.4 2023 yearly 2000 - 2023
Palestinian Territory (%) 126.9 Jun 2024 quarterly Dec 2010 - Jun 2024
Panama (%) 61.6 Sep 2024 quarterly Dec 2007 - Sep 2024
Paraguay (%) 36.2 Jun 2024 quarterly Dec 2014 - Jun 2024
Peru (%) 32.6 Sep 2024 quarterly Mar 1999 - Sep 2024
Philippines (%) 61.3 Sep 2024 quarterly Mar 1993 - Sep 2024
Poland (%) 52.3 Jun 2024 quarterly Dec 2002 - Jun 2024
Portugal (%) 97.4 Sep 2024 quarterly Dec 1995 - Sep 2024
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 53.1 Sep 2024 quarterly Dec 2011 - Sep 2024
Russia (%) 14.6 Mar 2024 quarterly Dec 2011 - Mar 2024
Saudi Arabia (%) 28.4 Jun 2024 quarterly Dec 2016 - Jun 2024
Serbia (%) 47.4 Sep 2024 quarterly Sep 2004 - Sep 2024
Singapore (%) 173.0 Sep 2024 quarterly Mar 1990 - Sep 2024
Slovakia (%) 60.5 Mar 2024 quarterly Mar 2000 - Mar 2024
Slovenia (%) 69.5 Jun 2024 quarterly Dec 1999 - Jun 2024
South Africa (%) 75.1 Sep 2024 quarterly Dec 1960 - Sep 2024
Spain (%) 104.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Sri Lanka (%) 98.8 Jun 2024 quarterly Mar 2014 - Jun 2024
Sweden (%) 32.0 Jun 2024 quarterly Mar 1996 - Jun 2024
Switzerland (%) 23.3 2028 yearly 1990 - 2028
Taiwan (%) 29.0 2023 yearly 1996 - 2023
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 55.9 Sep 2024 quarterly Dec 1997 - Sep 2024
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 26.1 Jun 2024 quarterly Dec 2001 - Jun 2024
Ukraine (%) 79.4 Dec 2023 quarterly Dec 2010 - Dec 2023

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Singapore Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.1 Sep 2024 quarterly Mar 2012 - Sep 2024
Consolidated Fiscal Balance (USD mn) -2,430.664 Oct 2024 monthly Apr 2011 - Oct 2024
Tax Revenue (USD mn) 3,481.846 Oct 2024 monthly Aug 1987 - Oct 2024
Tax Revenue: % of GDP (%) 16.0 Sep 2024 quarterly Dec 1987 - Sep 2024
National Government Debt (USD mn) 962,571.7 Sep 2024 quarterly Mar 1990 - Sep 2024
Government Debt: % of GDP (%) 173.0 Sep 2024 quarterly Mar 1990 - Sep 2024
Forecast: Government Expenditure (SGD bn) 146.244 2030 yearly 1991 - 2030
Forecast: Government Net Debt (SGD bn) 1,597.757 2030 yearly 1991 - 2030
Forecast: Government Revenue (SGD bn) 169.136 2030 yearly 1991 - 2030
Govt Finance: Cash Surplus / Deficit (SGD mn) -3,186.600 Oct 2024 monthly Apr 2011 - Oct 2024
Govt Revenue: Operating (SGD mn) 5,424.000 Oct 2024 monthly Jan 2003 - Oct 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.333 2029 yearly 1980 - 2029
Trade Balance (USD mn) 4,876.3 Nov 2024 monthly Jan 1976 - Nov 2024
Total Exports (USD mn) 44,018.1 Nov 2024 monthly Jan 1976 - Nov 2024
Total Exports Growth (%) 7.0 Nov 2024 monthly Jan 1977 - Nov 2024
Aluminum: Exports (USD th) 482,034.010 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 8,750,013.495 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 9,962,678.423 2023 yearly 1995 - 2023
Total Imports (USD mn) 39,141.8 Nov 2024 monthly Jan 1964 - Nov 2024
Total Imports Growth (%) 6.7 Nov 2024 monthly Jan 1965 - Nov 2024
Imports: Medicament (USD th) 2,018,410.885 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 2,453,494.459 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 3,889.358 Nov 2024 monthly Jan 1976 - Nov 2024
Total Imports from USA (USD mn) 4,497.292 Nov 2024 monthly Jan 1976 - Nov 2024
Total Exports to China (USD mn) 5,929.416 Nov 2024 monthly Jan 1975 - Nov 2024
Total Imports from China (USD mn) 5,117.631 Nov 2024 monthly Jan 1975 - Nov 2024
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Exports: Indonesia (SGD mn) 4,269.881 Nov 2024 monthly Jan 2003 - Nov 2024
Export Value Index (2015=100) 130.084 2021 yearly 1980 - 2021
Import Value Index (2015=100) 136.736 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 12,847.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Current Account Balance (USD mn) 25,888.7 Sep 2024 quarterly Mar 1986 - Sep 2024
Current Account Balance: % of GDP (%) 18.7 Sep 2024 quarterly Mar 1986 - Sep 2024
Foreign Direct Investment (USD mn) 35,607.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Foreign Direct Investment: % of GDP (%) 25.7 Sep 2024 quarterly Mar 1995 - Sep 2024
Foreign Portfolio Investment (USD mn) 8,296.954 Sep 2024 quarterly Mar 1995 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 6.0 Sep 2024 quarterly Mar 1995 - Sep 2024
External Debt (USD mn) 2,011,208.2 Jun 2024 quarterly Jun 2003 - Jun 2024
External Debt: % of GDP (%) 391.1 2023 yearly 2003 - 2023
External Debt: Short Term (USD mn) 1,298,666.8 Jun 2024 quarterly Jun 2003 - Jun 2024
External Debt: Short Term: % of GDP (%) 254.2 2023 yearly 2003 - 2023
Forecast: Current Account Balance (USD bn) 95.944 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 840,737.603 Jun 2024 quarterly Dec 2013 - Jun 2024
BoP: FA: Others: Liabilities (SGD mn) 3,216.400 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: Net Errors and Omissions (SGD mn) -1,077.000 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: Official Reserves (OR): Net (SGD mn) 17,336.400 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Direct Investment: Liabilities (SGD mn) 46,960.300 Sep 2024 quarterly Mar 1995 - Sep 2024
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 4,719.900 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: CA: Goods: Exports (SGD mn) 193,025.400 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Direct Investment: Assets (SGD mn) 16,943.600 Sep 2024 quarterly Mar 1995 - Sep 2024
BoP: CA: Services: Imports (SGD mn) 110,690.100 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Primary Income Balance (SGD mn) -30,465.400 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Direct Investment (SGD mn) -30,016.700 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Goods: Imports (SGD mn) 140,498.600 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: Financial Account (FA): Net (SGD mn) 15,729.500 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 10,942.300 Sep 2024 quarterly Mar 1995 - Sep 2024
BoP: FA: Financial Derivatives (SGD mn) -6,050.000 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: CA: Primary Income Balance: Receipts (SGD mn) 65,156.800 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Secondary Income Balance (SGD mn) -1,862.500 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Financial Derivatives: Assets (SGD mn) -1,330.100 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: CA: Goods: Balance (SGD mn) 52,526.800 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: Current Account (CA) Balance (SGD mn) 34,142.900 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Services: Exports (SGD mn) 124,634.100 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Others (SGD mn) 18,949.600 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Portfolio Inv: Assets (SGD mn) 43,788.900 Sep 2024 quarterly Mar 1995 - Sep 2024
BoP: FA: Others: Assets (SGD mn) 22,166.000 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Primary Income Balance: Payment (SGD mn) 95,622.200 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Services: Balance (SGD mn) 13,944.000 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Portfolio Investment (SGD mn) 32,846.600 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
External Debt: Gross: OL: DTC: Long Term (SGD mn) 176,484.200 Jun 2024 quarterly Jun 2003 - Jun 2024
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,424,878.600 Jun 2024 quarterly Jun 2003 - Jun 2024
External Debt: Gross (SGD mn) 2,725,589.400 Jun 2024 quarterly Jun 2003 - Jun 2024
External Debt: Gross: OL: OS: Short Term (SGD mn) 335,074.700 Jun 2024 quarterly Jun 2003 - Jun 2024
External Debt: Gross: OL: OS: Long Term (SGD mn) 302,795.900 Jun 2024 quarterly Jun 2003 - Jun 2024
Direct Investment Abroad: European Union (EU-27) (SGD mn) 196,949.200 2022 yearly 1994 - 2022
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,476,535.300 2022 yearly 1998 - 2022
FDI: By Industry: Manufacturing (SGD mn) 323,144.100 2022 yearly 1998 - 2022
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 411,171.600 2022 yearly 1998 - 2022
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 175,782.000 2022 yearly 1998 - 2022
FDI: By Country: United Kingdom (SGD mn) 138,604.600 2022 yearly 1998 - 2022
FDI: By Country: Switzerland (SGD mn) 80,150.900 2022 yearly 1998 - 2022
Foreign Direct Investment (FDI): Total (SGD mn) 2,618,994.200 2022 yearly 1998 - 2022
FDI: By Country: United States (SGD mn) 574,017.500 2022 yearly 1998 - 2022
FDI: By Country: Netherlands (SGD mn) 70,409.500 2022 yearly 1998 - 2022
FDI: By Country: Japan (SGD mn) 177,665.900 2022 yearly 1998 - 2022
Business Entities (BE): Formation: Total (Number) 5,902.000 Nov 2024 monthly Jan 1970 - Nov 2024
SG: BOP: Current Account: Personal Remittances: Received (USD mn) 0.000 2023 yearly 2005 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 52.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 361,054.618 Oct 2024 monthly Mar 2004 - Oct 2024
Money Supply M2 (USD mn) 1,014,287.131 Oct 2024 monthly Mar 2004 - Oct 2024
M2 Growth (%) 5.4 Oct 2024 monthly Mar 2005 - Oct 2024
Foreign Exchange Reserves (USD mn) 369,677.0 Oct 2024 monthly Apr 2000 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 70.512 Sep 2024 quarterly Jun 2000 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 9.4 Nov 2024 monthly Apr 2000 - Nov 2024
Gold Reserves (USD mn) 6,412.300 Oct 2024 monthly Apr 2000 - Oct 2024
Total Deposits (USD mn) 1,410,874.376 Oct 2024 monthly Jan 1991 - Oct 2024
Total Deposits Growth (%) 7.6 Oct 2024 monthly Jan 1992 - Oct 2024
Domestic Credit (USD mn) 881,658.7 Oct 2024 monthly Mar 2004 - Oct 2024
Domestic Credit Growth (%) 4.5 Oct 2024 monthly Mar 2005 - Oct 2024
Credit to Households (USD bn) 236.805 Dec 2023 quarterly Mar 1991 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 897.411 Dec 2023 quarterly Dec 1963 - Dec 2023
Household Debt (USD mn) 290,266.3 Sep 2024 monthly Mar 2004 - Sep 2024
Total Loans (USD mn) 964,401.361 Oct 2024 monthly Mar 2004 - Oct 2024
Total Loans Growth (%) 1.47 Oct 2024 monthly Mar 2005 - Oct 2024
Private Debt: % of Nominal GDP (%) 127.40 Sep 2024 quarterly Mar 2004 - Sep 2024
ORA: Other Reserve Assets (USD mn) 472.40 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 1.4 Nov 2024 monthly Jan 2000 - Nov 2024
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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