Central government revenues as a share of GDP in Singapore
Singapore: Central government revenues as a share of GDP was 17.7% in 2024. ▼ Falling
Latest (2024)
17.7%
Change on year
down 1.6%
World rank
116th
of 157 countries
All-time high
28.7%
in 1983
All-time low
15.7%
in 2022
Years of data
53
1972–2024
Central government revenues as a share of GDP in Singapore, 1972–2024
Source: International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for central government revenues as a share of gdp in Singapore is 17.7%, measured in 2024.
The figure is down 1.6% on the previous year and down 1.6% over ten years.
Over the whole period, central government revenues as a share of gdp in Singapore peaked at 28.7% in 1983 and was at its lowest, 15.7%, in 2022.
Singapore ranks 116th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 53 years of available data.
Central government revenues as a share of GDP in Singapore, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 21.2% | — |
| 1973 | 20.4% | -3.8% |
| 1974 | 20.2% | -1.2% |
| 1975 | 22.9% | +13.7% |
| 1976 | 22.3% | -2.8% |
| 1977 | 23.8% | +6.9% |
| 1978 | 22.9% | -3.9% |
| 1979 | 23.1% | +1.0% |
| 1980 | 24.6% | +6.4% |
| 1981 | 25.7% | +4.4% |
| 1982 | 26.6% | +3.7% |
| 1983 | 28.7% | +7.8% |
| 1984 | 27.4% | -4.5% |
| 1985 | 26.4% | -4.0% |
| 1986 | 25.5% | -3.4% |
| 1987 | 28.4% | +11.6% |
| 1988 | 25.9% | -8.8% |
| 1989 | 25.6% | -1.2% |
| 1990 | 25.4% | -1.1% |
| 1991 | 25.4% | +0.0% |
| 1992 | 26.6% | +4.9% |
| 1993 | 28.7% | +7.9% |
| 1994 | 26.0% | -9.4% |
| 1995 | 25.6% | -1.5% |
| 1996 | 27.9% | +9.1% |
| 1997 | 26.8% | -4.0% |
| 1998 | 26.9% | +0.3% |
| 1999 | 27.6% | +2.5% |
| 2000 | 25.7% | -6.9% |
| 2001 | 24.3% | -5.2% |
| 2002 | 21.2% | -13.0% |
| 2003 | 19.4% | -8.3% |
| 2004 | 18.8% | -3.3% |
| 2005 | 18.2% | -3.2% |
| 2006 | 17.9% | -1.5% |
| 2007 | 19.3% | +7.6% |
| 2008 | 20.4% | +6.0% |
| 2009 | 17.1% | -16.5% |
| 2010 | 16.8% | -1.6% |
| 2011 | 17.0% | +1.4% |
| 2012 | 17.5% | +2.7% |
| 2013 | 17.2% | -1.4% |
| 2014 | 18.0% | +4.5% |
| 2015 | 18.0% | -0.1% |
| 2016 | 18.4% | +2.1% |
| 2017 | 20.1% | +9.4% |
| 2018 | 18.1% | -9.8% |
| 2019 | 20.9% | +15.3% |
| 2020 | 18.0% | -14.1% |
| 2021 | 17.0% | -5.6% |
| 2022 | 15.7% | -7.3% |
| 2023 | 18.0% | +14.5% |
| 2024 | 17.7% | -1.6% |
Singapore compared with similar countries
- Singapore's 17.7% is below the median for high income countries, which is 33.0%, 54% of the median. (57 countries reporting)
- Singapore's 17.7% is below the median for East Asia & Pacific, which is 24.8%, 71% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.1% | 20.2% | 23.8% | 8 |
| 1980s | 26.5% | 24.6% | 28.7% | 10 |
| 1990s | 26.7% | 25.4% | 28.7% | 10 |
| 2000s | 20.2% | 17.1% | 25.7% | 10 |
| 2010s | 18.2% | 16.8% | 20.9% | 10 |
| 2020s | 17.3% | 15.7% | 18.0% | 5 |
Countries ranked near Singapore
- 113 Kenya 18.6% compare
- 114 Angola 18.2% compare
- 115 United States of America 17.8% compare
- 117 Dominican Republic 17.5% compare
- 118 Switzerland 17.0% compare
- 119 Argentina 16.9% 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 central government revenues as a share of gdp in Singapore?
- Central government revenues as a share of gdp in Singapore was 17.7% in 2024, according to International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest central government revenues as a share of gdp recorded in Singapore?
- The highest recorded value was 28.7% in 1983.
- What is the lowest central government revenues as a share of gdp recorded in Singapore?
- The lowest recorded value was 15.7% in 2022.
- How does Singapore rank for central government revenues as a share of gdp?
- Singapore ranks 116th out of 157 countries with data for 2024.
- Is central government revenues as a share of gdp rising or falling in Singapore?
- Over the last ten years it is down 1.6%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Central government revenues as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales included. Grants excluded.