Tax revenue as a proportion of GDP in Singapore
Singapore: Tax revenue as a proportion of GDP was 14.2% in 2024. ▬ Flat
Latest (2024)
14.2%
Change on year
up 2.1%
World rank
101st
of 164 countries
All-time high
14.9%
in 2000
All-time low
11.6%
in 2005
Years of data
25
2000–2024
Tax revenue as a proportion of GDP in Singapore, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for tax revenue as a proportion of gdp in Singapore is 14.2%, measured in 2024.
The figure is up 2.1% on the previous year and up 4.7% over ten years.
Over the whole period, tax revenue as a proportion of gdp in Singapore peaked at 14.9% in 2000 and was at its lowest, 11.6%, in 2005.
That places Singapore 101st out of 164 countries with data for 2024, putting it in the middle of the range.
Tax revenue as a proportion of GDP in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 14.9% | — |
| 2001 | 14.6% | -1.8% |
| 2002 | 12.7% | -13.0% |
| 2003 | 12.4% | -1.9% |
| 2004 | 11.6% | -6.8% |
| 2005 | 11.6% | -0.2% |
| 2006 | 11.8% | +2.2% |
| 2007 | 12.8% | +8.4% |
| 2008 | 13.8% | +7.3% |
| 2009 | 13.0% | -5.8% |
| 2010 | 12.8% | -1.3% |
| 2011 | 13.1% | +2.5% |
| 2012 | 13.6% | +3.6% |
| 2013 | 13.3% | -2.3% |
| 2014 | 13.6% | +2.2% |
| 2015 | 13.1% | -3.1% |
| 2016 | 13.3% | +1.1% |
| 2017 | 14.0% | +5.2% |
| 2018 | 13.0% | -6.9% |
| 2019 | 13.2% | +1.3% |
| 2020 | 12.7% | -3.3% |
| 2021 | 12.7% | -0.0% |
| 2022 | 11.8% | -7.5% |
| 2023 | 13.9% | +17.9% |
| 2024 | 14.2% | +2.1% |
Singapore compared with similar countries
- Singapore's 14.2% is below the median for high income countries, which is 19.8%, 72% of the median. (54 countries reporting)
- Singapore's 14.2% is below the median for East Asia & Pacific, which is 17.0%, 83% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.9% | 11.6% | 14.9% | 10 |
| 2010s | 13.3% | 12.8% | 14.0% | 10 |
| 2020s | 13.1% | 11.8% | 14.2% | 5 |
Countries ranked near Singapore
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 tax revenue as a proportion of gdp in Singapore?
- Tax revenue as a proportion of gdp in Singapore was 14.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest tax revenue as a proportion of gdp recorded in Singapore?
- The highest recorded value was 14.9% in 2000.
- What is the lowest tax revenue as a proportion of gdp recorded in Singapore?
- The lowest recorded value was 11.6% in 2005.
- How does Singapore rank for tax revenue as a proportion of gdp?
- Singapore ranks 101st out of 164 countries with data for 2024.
- Is tax revenue as a proportion of gdp rising or falling in Singapore?
- Over the last ten years it is up 4.7%. The long-run trend across the full record is flat.
- Where does this Singapore data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Tax revenue as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).