Singapore Tax Revenue: % of GDP

1987 - 2024 | Quarterly | % | CEIC Data

Key information about Singapore Tax revenue: % of GDP

  • Singapore Tax revenue: % of GDP was reported at 16.7 % in Jun 2024.
  • This records an increase from the previous number of 13.7 % for Mar 2024.
  • Singapore Tax revenue: % of GDP data is updated quarterly, averaging 12.2 % from Dec 1987 to Jun 2024, with 147 observations.
  • The data reached an all-time high of 16.7 % in Jun 2024 and a record low of 5.7 % in Dec 2002.
  • Singapore Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and quarterly Nominal GDP. The Singapore Department of Statistics provides Tax Revenue in local currency and Nominal GDP in local currency.

View Singapore's Tax Revenue: % of GDP from Dec 1987 to Jun 2024 in the chart:

Singapore Tax Revenue: % of GDP

What was Singapore's Tax Revenue: % of GDP in Jun 2024?

Singapore Tax revenue: % of GDP was reported at 16.7 % in Jun 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
16.7 Jun 2024 13.7 Mar 2024 5.7 Dec 2002 16.7 Jun 2024 % quarterly Dec 1987 - Jun 2024

Tax Revenue: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 19.2 2023 yearly 2008 - 2023
Algeria (%) 4.8 2023 yearly 1997 - 2023
Argentina (%) 17.8 Jun 2024 quarterly Mar 2004 - Jun 2024
Armenia (%) 25.1 Mar 2023 quarterly Mar 2008 - Mar 2023
Australia (%) 33.5 Jun 2024 quarterly Sep 2002 - Jun 2024
Austria (%) 27.2 Jun 2024 quarterly Mar 2001 - Jun 2024
Azerbaijan (%) 17.9 2023 yearly 1993 - 2023
Bahrain (%) 5.3 2023 yearly 1990 - 2023
Bangladesh (%) 7.8 2023 yearly 2006 - 2023
Belarus (%) 21.7 Sep 2021 quarterly Mar 2009 - Sep 2021
Belgium (%) 29.8 2023 yearly 1980 - 2023
Bolivia (%) 17.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 21.6 2023 yearly 2005 - 2023
Botswana (%) 34.0 Jun 2023 quarterly Jun 2007 - Jun 2023
Brazil (%) 15.9 Sep 2024 quarterly Sep 1994 - Sep 2024
Brunei (%) 1.8 2023 yearly 2010 - 2023
Bulgaria (%) 31.5 Jun 2024 quarterly Mar 2003 - Jun 2024
Cambodia (%) 13.5 2022 yearly 2009 - 2022
Canada (%) 13.2 Jun 2024 quarterly Mar 1996 - Jun 2024
Chile (%) 19.4 2023 yearly 1990 - 2023
China (%) 11.3 Sep 2024 quarterly Mar 1995 - Sep 2024
Colombia (%) 16.8 Jun 2024 quarterly Mar 2000 - Jun 2024
Croatia (%) 26.1 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (%) 20.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Czech Republic (%) 19.8 Jun 2024 quarterly Mar 1995 - Jun 2024
Denmark (%) 44.3 Jun 2024 quarterly Mar 1999 - Jun 2024
Ecuador (%) 15.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Egypt (%) 5.5 2023 yearly 2005 - 2023
Estonia (%) 23.4 Jun 2024 quarterly Mar 1999 - Jun 2024
European Union (%) 25.8 2023 yearly 1995 - 2023
Finland (%) 33.0 Jun 2024 quarterly Mar 1999 - Jun 2024
France (%) 15.9 Sep 2024 quarterly Mar 2006 - Sep 2024
Georgia (%) 26.1 Jun 2024 quarterly Mar 2006 - Jun 2024
Germany (%) 23.4 Jun 2024 quarterly Mar 1991 - Jun 2024
Ghana (%) 13.9 Jun 2022 quarterly Mar 2008 - Jun 2022
Greece (%) 31.7 Jun 2024 quarterly Mar 1999 - Jun 2024
Hong Kong SAR, China (%) 6.7 Jun 2024 quarterly Sep 1979 - Jun 2024
Hungary (%) 26.1 Jun 2024 quarterly Mar 1999 - Jun 2024
Iceland (%) 30.9 Jun 2024 quarterly Mar 2002 - Jun 2024
India (%) 7.1 Jun 2024 quarterly Jun 1997 - Jun 2024
Indonesia (%) 9.5 Sep 2024 quarterly Mar 2014 - Sep 2024
Iran (%) 4.9 2021 yearly 1996 - 2021
Ireland (%) 20.5 Jun 2024 quarterly Mar 2000 - Jun 2024
Israel (%) 22.6 Jun 2024 quarterly Mar 2001 - Jun 2024
Italy (%) 29.3 Jun 2024 quarterly Mar 1999 - Jun 2024
Ivory Coast (%) 13.1 2023 yearly 1960 - 2023
Japan (%) 15.4 Jun 2024 quarterly Jun 1983 - Jun 2024
Jordan (%) 15.2 2018 yearly 1999 - 2018
Kazakhstan (%) 15.3 Dec 2023 quarterly Mar 2008 - Dec 2023
Kenya (%) 7.0 2023 yearly 2006 - 2023
South Korea (%) 13.2 Jun 2024 quarterly Mar 2000 - Jun 2024
Kosovo (%) 24.8 Sep 2023 quarterly Mar 2010 - Sep 2023
Kuwait (%) 1.1 2023 yearly 1986 - 2023
Kyrgyzstan (%) 30.8 Mar 2024 quarterly Mar 2007 - Mar 2024
Laos (%) 13.0 2023 yearly 2012 - 2023
Latvia (%) 24.9 Jun 2024 quarterly Mar 1999 - Jun 2024
Lebanon (%) 10.9 2020 yearly 1998 - 2020
Lithuania (%) 25.2 Jun 2024 quarterly Mar 1999 - Jun 2024
Luxembourg (%) 29.4 2023 yearly 1995 - 2023
Macau SAR, China (%) 22.2 2023 yearly 2002 - 2023
North Macedonia (%) 20.2 Jun 2024 quarterly Mar 2004 - Jun 2024
Malawi (%) 12.8 2022 yearly 2009 - 2022
Malaysia (%) 11.3 Jun 2024 quarterly Mar 1991 - Jun 2024
Malta (%) 25.1 Jun 2024 quarterly Mar 2000 - Jun 2024
Mauritius (%) 21.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Mexico (%) 15.1 Jun 2024 quarterly Mar 1993 - Jun 2024
Moldova (%) 21.0 2023 yearly 2004 - 2023
Mongolia (%) 25.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Montenegro (%) 28.8 Jun 2024 quarterly Mar 2012 - Jun 2024
Morocco (%) 22.5 Jun 2022 quarterly Mar 2007 - Jun 2022
Mozambique (%) 18.2 2016 yearly 1996 - 2016
Myanmar (%) 4.4 2021 yearly 2005 - 2021
Nepal (%) 19.1 2018 yearly 2001 - 2018
Netherlands (%) 26.6 Jun 2024 quarterly Mar 1999 - Jun 2024
New Zealand (%) 30.8 2023 yearly 1999 - 2023
Norway (%) 31.3 Jun 2024 quarterly Mar 2002 - Jun 2024
Oman (%) 4.5 2023 yearly 1996 - 2023
Pakistan (%) 5.8 2023 yearly 2000 - 2023
Palestinian Territory (%) 21.4 2020 yearly 2005 - 2020
Panama (%) 6.7 Jun 2024 quarterly Mar 2007 - Jun 2024
Paraguay (%) 13.6 Jun 2024 quarterly Mar 1998 - Jun 2024
Peru (%) 15.2 Jun 2024 quarterly Mar 1990 - Jun 2024
Philippines (%) 15.6 Sep 2024 quarterly Mar 1985 - Sep 2024
Poland (%) 16.9 Jun 2024 quarterly Mar 2007 - Jun 2024
Portugal (%) 22.0 Mar 2024 quarterly Mar 1999 - Mar 2024
Russia (%) 21.4 Jun 2024 quarterly Mar 1996 - Jun 2024
Serbia (%) 42.4 Jun 2024 quarterly Mar 2005 - Jun 2024
Singapore (%) 16.7 Jun 2024 quarterly Dec 1987 - Jun 2024
Slovakia (%) 14.0 Jun 2024 quarterly Mar 2005 - Jun 2024
Slovenia (%) 22.8 Jun 2024 quarterly Mar 2000 - Jun 2024
South Africa (%) 21.8 Jun 2024 quarterly Mar 1990 - Jun 2024
Spain (%) 23.6 2023 yearly 1995 - 2023
Sri Lanka (%) 12.9 Jun 2024 quarterly Mar 2014 - Jun 2024
Sudan (%) 5.6 2021 yearly 2001 - 2021
Sweden (%) 21.2 2023 yearly 1995 - 2023
Switzerland (%) 26.7 2022 yearly 1990 - 2022
Taiwan (%) 25.2 Jun 2024 quarterly Mar 1975 - Jun 2024
Tajikistan (%) 20.5 2016 yearly 2000 - 2016
Thailand (%) 13.2 2023 yearly 1990 - 2023
Tunisia (%) 25.4 2023 yearly 1991 - 2023

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Singapore Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 1.4 Jun 2024 quarterly Mar 2012 - Jun 2024
Consolidated Fiscal Balance (USD mn) 2,691.750 Sep 2024 monthly Apr 2011 - Sep 2024
Tax Revenue (USD mn) 5,961.951 Sep 2024 monthly Aug 1987 - Sep 2024
Tax Revenue: % of GDP (%) 16.7 Jun 2024 quarterly Dec 1987 - Jun 2024
National Government Debt (USD mn) 896,656.1 Jun 2024 quarterly Mar 1990 - Jun 2024
Government Debt: % of GDP (%) 174.1 Jun 2024 quarterly Mar 1990 - Jun 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) 3,487.700 Sep 2024 monthly Apr 2011 - Sep 2024
Govt Revenue: Operating (SGD mn) 8,684.200 Sep 2024 monthly Jan 2003 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.333 2029 yearly 1980 - 2029
Trade Balance (USD mn) 4,065.3 Sep 2024 monthly Jan 1976 - Sep 2024
Total Exports (USD mn) 42,232.0 Sep 2024 monthly Jan 1976 - Sep 2024
Total Exports Growth (%) 1.5 Sep 2024 monthly Jan 1977 - Sep 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) 38,166.8 Sep 2024 monthly Jan 1964 - Sep 2024
Total Imports Growth (%) 1.7 Sep 2024 monthly Jan 1965 - Sep 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) 3,559.778 Sep 2024 monthly Jan 1976 - Sep 2024
Total Imports from USA (USD mn) 4,988.350 Sep 2024 monthly Jan 1976 - Sep 2024
Total Exports to China (USD mn) 6,353.006 Sep 2024 monthly Jan 1975 - Sep 2024
Total Imports from China (USD mn) 4,412.089 Sep 2024 monthly Jan 1975 - Sep 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) 4,090.511 Sep 2024 monthly Jan 2003 - Sep 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) 13,258.1 Jun 2024 quarterly Mar 1995 - Jun 2024
Current Account Balance (USD mn) 25,549.4 Jun 2024 quarterly Mar 1986 - Jun 2024
Current Account Balance: % of GDP (%) 19.2 Jun 2024 quarterly Mar 1986 - Jun 2024
Foreign Direct Investment (USD mn) 40,879.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Foreign Direct Investment: % of GDP (%) 30.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Foreign Portfolio Investment (USD mn) 5,607.134 Jun 2024 quarterly Mar 1995 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 4.2 Jun 2024 quarterly Mar 1995 - Jun 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) -12,645.100 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: Net Errors and Omissions (SGD mn) -1,166.900 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: Official Reserves (OR): Net (SGD mn) 6,285.500 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Direct Investment: Liabilities (SGD mn) 55,315.100 Jun 2024 quarterly Mar 1995 - Jun 2024
BoP: CA: Goods: Exports (SGD mn) 192,260.000 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 246.000 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: CA: Primary Income Balance: Receipts (SGD mn) 65,089.700 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Direct Investment (SGD mn) -37,375.100 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Primary Income Balance (SGD mn) -28,924.000 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Financial Derivatives (SGD mn) 1,176.400 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: CA: Goods: Balance (SGD mn) 51,818.900 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Services: Imports (SGD mn) 106,708.400 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 7,587.200 Jun 2024 quarterly Mar 1995 - Jun 2024
BoP: CA: Goods: Imports (SGD mn) 140,441.100 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: Financial Account (FA): Net (SGD mn) 27,119.300 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Secondary Income Balance (SGD mn) -1,971.900 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Portfolio Inv: Assets (SGD mn) 45,871.400 Jun 2024 quarterly Mar 1995 - Jun 2024
BoP: FA: Others: Assets (SGD mn) 12,388.700 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Direct Investment: Assets (SGD mn) 17,940.000 Jun 2024 quarterly Mar 1995 - Jun 2024
BoP: FA: Financial Derivatives: Assets (SGD mn) 1,422.400 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: FA: Others (SGD mn) 25,033.800 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: Current Account (CA) Balance (SGD mn) 34,571.700 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Portfolio Investment (SGD mn) 38,284.200 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Primary Income Balance: Payment (SGD mn) 94,013.700 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Services: Balance (SGD mn) 13,648.700 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Services: Exports (SGD mn) 120,357.100 Jun 2024 quarterly Mar 1986 - Jun 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
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,476,535.300 2022 yearly 1998 - 2022
Foreign Direct Investment (FDI): Total (SGD mn) 2,618,994.200 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
FDI: By Country: Netherlands (SGD mn) 70,409.500 2022 yearly 1998 - 2022
FDI: By Country: United States (SGD mn) 574,017.500 2022 yearly 1998 - 2022
FDI: By Country: Japan (SGD mn) 177,665.900 2022 yearly 1998 - 2022
Business Entities (BE): Formation: Total (Number) 6,271.000 Oct 2024 monthly Jan 1970 - Oct 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 (%) 52.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 370,780.607 Sep 2024 monthly Mar 2004 - Sep 2024
Money Supply M2 (USD mn) 1,033,462.978 Sep 2024 monthly Mar 2004 - Sep 2024
M2 Growth (%) 4.6 Sep 2024 monthly Mar 2005 - Sep 2024
Foreign Exchange Reserves (USD mn) 369,677.0 Oct 2024 monthly Apr 2000 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 69.048 Jun 2024 quarterly Jun 2000 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 9.9 Sep 2024 monthly Apr 2000 - Sep 2024
Gold Reserves (USD mn) 6,412.300 Oct 2024 monthly Apr 2000 - Oct 2024
Total Deposits (USD mn) 1,437,262.489 Sep 2024 monthly Jan 1991 - Sep 2024
Total Deposits Growth (%) 10.0 Sep 2024 monthly Jan 1992 - Sep 2024
Domestic Credit (USD mn) 903,795.2 Sep 2024 monthly Mar 2004 - Sep 2024
Domestic Credit Growth (%) 3.7 Sep 2024 monthly Mar 2005 - Sep 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) 989,651.391 Sep 2024 monthly Mar 2004 - Sep 2024
Total Loans Growth (%) 0.81 Sep 2024 monthly Mar 2005 - Sep 2024
Private Debt: % of Nominal GDP (%) 128.51 Jun 2024 quarterly Mar 2004 - Jun 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: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 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) 1.2 Oct 2024 monthly Jan 2000 - Oct 2024
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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