Share of central government spending funded by taxes in Singapore
Singapore: Share of central government spending funded by taxes was 85.2% in 2023. ▼ Falling
Share of central government spending funded by taxes in Singapore, 2000–2023
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
Singapore recorded 85.2% for share of central government spending funded by taxes in 2023.
That represents a change of up 3.9% on the previous year and down 41.1% over ten years.
Over the whole period, share of central government spending funded by taxes in Singapore peaked at 164.9% in 2011 and was at its lowest, 50.1%, in 2020.
Singapore ranks 7th of 174 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 24 years of available data.
Share of central government spending funded by taxes in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 101.4% | — |
| 2001 | 77.3% | -23.8% |
| 2002 | 76.3% | -1.3% |
| 2003 | 75.4% | -1.2% |
| 2004 | 77.8% | +3.2% |
| 2005 | 98.1% | +26.1% |
| 2006 | 100.7% | +2.7% |
| 2007 | 157.6% | +56.5% |
| 2008 | 107.6% | -31.7% |
| 2009 | 83.6% | -22.3% |
| 2010 | 137.3% | +64.1% |
| 2011 | 164.9% | +20.2% |
| 2012 | 150.6% | -8.7% |
| 2013 | 144.5% | -4.0% |
| 2014 | 124.2% | -14.1% |
| 2015 | 95.2% | -23.3% |
| 2016 | 99.1% | +4.1% |
| 2017 | 110.8% | +11.8% |
| 2018 | 97.0% | -12.5% |
| 2019 | 97.5% | +0.5% |
| 2020 | 50.1% | -48.6% |
| 2021 | 82.4% | +64.5% |
| 2022 | 82.0% | -0.5% |
| 2023 | 85.2% | +3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 95.6% | 75.4% | 157.6% | 10 |
| 2010s | 122.1% | 95.2% | 164.9% | 10 |
| 2020s | 74.9% | 50.1% | 85.2% | 4 |
Countries ranked near Singapore
- 4 Denmark 93.9% compare
- 5 Algeria 91.3% compare
- 6 Macau, China 90.9% compare
- 8 Saint Lucia 84.3% compare
- 9 Saint Vincent and the Grenadines 83.9% compare
- 10 Armenia 83.9% 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)
- Final consumption expenditure (constant 2015 US$), per capita 32,698 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 7.5 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 0.6383 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 63,070 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 5.18 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 0.8345 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 82,461 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 3.62 % change on previous year (2025)
Frequently asked questions
- What is share of central government spending funded by taxes in Singapore?
- Share of central government spending funded by taxes in Singapore was 85.2% in 2023, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest share of central government spending funded by taxes recorded in Singapore?
- The highest recorded value was 164.9% in 2011.
- What is the lowest share of central government spending funded by taxes recorded in Singapore?
- The lowest recorded value was 50.1% in 2020.
- How does Singapore rank for share of central government spending funded by taxes?
- Singapore ranks 7th out of 174 countries with data for 2023.
- Is share of central government spending funded by taxes rising or falling in Singapore?
- Over the last ten years it is down 41.1%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from International Monetary Fund – with minor processing by Our World in Data, published as part of Share of central government spending funded by taxes. Statizoid updates them automatically from the source API.
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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Spending refers to the budgetary central government which includes the core institutions of the national government. Funds only include taxes; Fines, penalties, and most social security contributions are excluded.