Cash surplus/deficit as a proportion of GDP in Singapore
Singapore: Cash surplus/deficit as a proportion of GDP was -17.3% in 2023. ▼ Falling
Latest (2023)
-17.3%
Change on year
down 16.7%
World rank
38th
of 162 countries
All-time high
-12.1%
in 2007
All-time low
-25.7%
in 2020
Years of data
24
2000–2023
Cash surplus/deficit as a proportion of GDP in Singapore, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, cash surplus/deficit as a proportion of gdp in Singapore stood at -17.3%.
Compared with earlier readings it is down 16.7% on the previous year and down 39.8% over ten years.
Over the whole period, cash surplus/deficit as a proportion of gdp in Singapore peaked at -12.1% in 2007 and was at its lowest, -25.7%, in 2020.
That places Singapore 38th out of 162 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Cash surplus/deficit as a proportion of GDP in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -15.7% | — |
| 2001 | -18.2% | +15.6% |
| 2002 | -16.1% | -11.1% |
| 2003 | -15.9% | -1.3% |
| 2004 | -14.4% | -9.7% |
| 2005 | -12.6% | -12.5% |
| 2006 | -13.1% | +3.7% |
| 2007 | -12.1% | -7.0% |
| 2008 | -14.5% | +19.4% |
| 2009 | -14.3% | -1.4% |
| 2010 | -12.4% | -13.2% |
| 2011 | -12.8% | +2.9% |
| 2012 | -12.4% | -3.0% |
| 2013 | -12.4% | -0.1% |
| 2014 | -13.2% | +6.3% |
| 2015 | -15.9% | +21.1% |
| 2016 | -14.4% | -9.5% |
| 2017 | -14.3% | -0.9% |
| 2018 | -14.7% | +2.8% |
| 2019 | -14.2% | -3.5% |
| 2020 | -25.7% | +81.7% |
| 2021 | -16.3% | -36.8% |
| 2022 | -14.8% | -9.0% |
| 2023 | -17.3% | +16.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -14.7% | -18.2% | -12.1% | 10 |
| 2010s | -13.7% | -15.9% | -12.4% | 10 |
| 2020s | -18.5% | -25.7% | -14.8% | 4 |
Countries ranked near Singapore
- 35 Philippines -16.9% compare
- 36 Malaysia -17.0% compare
- 37 Panama -17.1% compare
- 39 Kazakhstan -17.4% compare
- 40 Saint Lucia -17.6% compare
- 41 Côte d'Ivoire -17.9% compare
- 41 Côte d'Ivoire -17.9% compare
More economy & growth data for Singapore
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 94.20 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.156 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 15,415 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 159.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 17.78 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.2634 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 26,032 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 12.55 % change on previous year (2025)
Frequently asked questions
- What is cash surplus/deficit as a proportion of gdp in Singapore?
- Cash surplus/deficit as a proportion of gdp in Singapore was -17.3% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest cash surplus/deficit as a proportion of gdp recorded in Singapore?
- The highest recorded value was -12.1% in 2007.
- What is the lowest cash surplus/deficit as a proportion of gdp recorded in Singapore?
- The lowest recorded value was -25.7% in 2020.
- How does Singapore rank for cash surplus/deficit as a proportion of gdp?
- Singapore ranks 38th out of 162 countries with data for 2023.
- Is cash surplus/deficit as a proportion of gdp rising or falling in Singapore?
- Over the last ten years it is down 39.8%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Cash surplus/deficit as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).