Central government debt, total in Singapore
Singapore: Central government debt, total was 167.8% in 2024. ▲ Rising
Central government debt, total in Singapore, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Singapore recorded 167.8% for central government debt, total in 2024.
The figure is down 3.4% on the previous year and up 68.5% over ten years.
Over the whole period, central government debt, total in Singapore peaked at 173.6% in 2023 and was at its lowest, 70.3%, in 1994.
That places Singapore 1st out of 83 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 35 years of available data.
Central government debt, total in Singapore, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 77.9% | — |
| 1991 | 79.0% | +1.4% |
| 1992 | 81.9% | +3.7% |
| 1993 | 72.9% | -11.0% |
| 1994 | 70.3% | -3.6% |
| 1995 | 72.8% | +3.6% |
| 1996 | 72.7% | -0.1% |
| 1997 | 71.4% | -1.9% |
| 1998 | 82.6% | +15.7% |
| 1999 | 87.9% | +6.4% |
| 2000 | 83.8% | -4.6% |
| 2001 | 93.9% | +12.0% |
| 2002 | 106.3% | +13.2% |
| 2003 | 108.6% | +2.1% |
| 2004 | 101.8% | -6.3% |
| 2005 | 95.0% | -6.7% |
| 2006 | 82.8% | -12.8% |
| 2007 | 77.3% | -6.7% |
| 2008 | 96.4% | +24.8% |
| 2009 | 106.4% | +10.3% |
| 2010 | 101.5% | -4.6% |
| 2011 | 104.8% | +3.3% |
| 2012 | 107.8% | +2.9% |
| 2013 | 99.4% | -7.8% |
| 2014 | 99.6% | +0.2% |
| 2015 | 103.3% | +3.7% |
| 2016 | 108.5% | +5.0% |
| 2017 | 108.8% | +0.3% |
| 2018 | 110.4% | +1.5% |
| 2019 | 127.9% | +15.8% |
| 2020 | 150.8% | +18.0% |
| 2021 | 147.8% | -2.0% |
| 2022 | 152.5% | +3.2% |
| 2023 | 173.6% | +13.8% |
| 2024 | 167.8% | -3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 76.9% | 70.3% | 87.9% | 10 |
| 2000s | 95.2% | 77.3% | 108.6% | 10 |
| 2010s | 107.2% | 99.4% | 127.9% | 10 |
| 2020s | 158.5% | 147.8% | 173.6% | 5 |
Countries ranked near Singapore
- 2 United Kingdom of Great Britain and Northern Ireland 130.7% compare
- 3 Barbados 125.0% compare
- 4 United States of America 115.8% 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)
- Households and NPISHs Final consumption expenditure (current LCU) 4.5 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.4065 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 40,165 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 3.88 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.2551 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 25,208 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 6.97 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.4134 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is central government debt, total in Singapore?
- Central government debt, total in Singapore was 167.8% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Singapore?
- The highest recorded value was 173.6% in 2023.
- What is the lowest central government debt, total recorded in Singapore?
- The lowest recorded value was 70.3% in 1994.
- How does Singapore rank for central government debt, total?
- Singapore ranks 1st out of 83 countries with data for 2024.
- Is central government debt, total rising or falling in Singapore?
- Over the last ten years it is up 68.5%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.