Singapore SG: Military Expenditure: % of GDP

1971 - 2018 | Yearly | % | World Bank

Singapore SG: Military Expenditure: % of GDP data was reported at 3.321 % in 2018. This records a decrease from the previous number of 3.328 % for 2017. Singapore SG: Military Expenditure: % of GDP data is updated yearly, averaging 4.506 % from Mar 1971 (Median) to 2018, with 48 observations. The data reached an all-time high of 5.677 % in 1978 and a record low of 3.089 % in 2014. Singapore SG: Military Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; Weighted average; Data for some countries are based on partial or uncertain data or rough estimates.

View Singapore's Singapore SG: Military Expenditure: % of GDP from 1971 to 2018 in the chart:

Singapore Singapore SG: Military Expenditure: % of GDP

What was Singapore's Singapore SG: Military Expenditure: % of GDP in 2018?

Last Previous Min Max Unit Frequency Range
3.16 2018 3.19 2017 3.07 2014 5.68 1978 % yearly 1971 - 2018

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Singapore Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 164,987.150 2027 yearly 1980 - 2027
Forecast: Nominal GDP Per Capita (USD) 109,058.283 2029 yearly 1980 - 2029
Forecast: Real GDP Growth (%) 2.486 2027 yearly 1980 - 2027
GDP Deflator Growth (%) 4.3 Dec 2022 quarterly Mar 1976 - Dec 2022
GDP per Capita (USD) 84,714.000 2023 yearly 1960 - 2023
Gross Fixed Capital Formation (USD mn) 30,114.950 Sep 2024 quarterly Mar 1975 - Sep 2024
Gross Savings Rate (%) 48.6 2023 yearly 1960 - 2023
Investment: % of GDP (%) 21.0 2023 yearly 1960 - 2023
Nominal GDP (USD mn) 120,606.6 Mar 2023 quarterly Mar 1975 - Mar 2023
Nominal GDP Growth (%) 8.423 Sep 2024 quarterly Mar 1976 - Sep 2024
Private Consumption Expenditure (USD mn) 43,295.842 Sep 2024 quarterly Mar 1975 - Sep 2024
Private Consumption: % of GDP (%) 31.3 2023 yearly 1960 - 2023
Public Consumption Expenditure (USD mn) 13,483.508 Sep 2024 quarterly Mar 1975 - Sep 2024
Public Consumption: % of GDP (%) 10.2 2023 yearly 1960 - 2023
Real GDP Growth (%) 0.4 Mar 2023 quarterly Mar 1976 - Mar 2023
Total Trade of Goods & Services: % of Nominal GDP (%) 311.143 Sep 2024 quarterly Mar 1975 - Sep 2024
Gross National Product (GNP) (USD mn) 420,570.800 2023 yearly 1960 - 2023
Production Last Frequency Range
Industrial Production Index Growth (%) 0.8 Oct 2024 monthly Jan 1984 - Oct 2024
Construction and Properties Last Frequency Range
House Prices Growth (%) 4.4 Sep 2024 quarterly Mar 1976 - Sep 2024
Nominal Residential Property Price Index (2010=100) 153.754 Mar 2024 quarterly Mar 1998 - Mar 2024
Nominal Residential Property Price Index Growth (%) 4.877 Mar 2024 quarterly Mar 1999 - Mar 2024
Real Residential Property Price Index (2010=100) 116.524 Mar 2024 quarterly Mar 1998 - Mar 2024
Real Residential Property Price Index Growth (%) 1.844 Mar 2024 quarterly Mar 1999 - Mar 2024
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.1 Sep 2024 quarterly Mar 2012 - 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
Government Debt: % of GDP (%) 173.0 Sep 2024 quarterly Mar 1990 - Sep 2024
Tax Revenue (USD mn) 3,481.846 Oct 2024 monthly Aug 1987 - Oct 2024
National Government Debt (USD mn) 962,571.7 Sep 2024 quarterly Mar 1990 - Sep 2024
Consolidated Fiscal Balance (USD mn) -2,430.664 Oct 2024 monthly Apr 2011 - Oct 2024
Tax Revenue: % of GDP (%) 16.0 Sep 2024 quarterly Dec 1987 - Sep 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 4,036,200.000 Sep 2024 quarterly Jun 1997 - Sep 2024
Forecast: Employment (Person mn) 3.833 2024 yearly 1980 - 2024
Forecast: Population (Person mn) 6.152 2029 yearly 1980 - 2029
Forecast: Unemployment Rate (%) 2.000 2028 yearly 1980 - 2028
Labour Productivity Growth (%) 4.10 Sep 2024 quarterly Mar 1986 - Sep 2024
Monthly Earnings (USD) 4,654 Sep 2024 quarterly Mar 1995 - Sep 2024
Population (Person mn) 6.0 2024 yearly 1950 - 2024
Unemployment Rate (%) 1.90 May 2023 monthly Mar 2020 - May 2023

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