Taxes less subsidies on products (constant LCU), annual growth rate in Singapore
Singapore: Taxes less subsidies on products (constant LCU), annual growth rate was 6.11 % change on previous year in 2025. ◆ Volatile
Latest (2025)
6.11 % change on previous year
Change on year
up 6.3%
World rank
57th
of 188 countries
All-time high
21.75 % change on previous year
in 1965
All-time low
-16.07 % change on previous year
in 2020
Years of data
65
1961–2025
Taxes less subsidies on products (constant LCU), annual growth rate in Singapore, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes less subsidies on products (constant lcu), annual growth rate in Singapore is 6.11 % change on previous year, measured in 2025.
Compared with earlier readings it is up 6.3% on the previous year and down 45.1% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), annual growth rate in Singapore peaked at 21.75 % change on previous year in 1965 and was at its lowest, -16.07 % change on previous year, in 2020.
That places Singapore 57th out of 188 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (constant LCU), annual growth rate in Singapore, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 1.72 % change on previous year | — |
| 1962 | 5.4 % change on previous year | +213.6% |
| 1963 | 0.8028 % change on previous year | -85.1% |
| 1964 | 4.35 % change on previous year | +442.3% |
| 1965 | 21.75 % change on previous year | +399.5% |
| 1966 | 12.51 % change on previous year | -42.5% |
| 1967 | 0 % change on previous year | -100.0% |
| 1968 | 0.5996 % change on previous year | — |
| 1969 | 16.23 % change on previous year | +2606.8% |
| 1970 | 18 % change on previous year | +10.9% |
| 1971 | 2.91 % change on previous year | -83.8% |
| 1972 | 15.02 % change on previous year | +415.9% |
| 1973 | 9.05 % change on previous year | -39.8% |
| 1974 | -6.53 % change on previous year | -172.2% |
| 1975 | -0.8352 % change on previous year | -87.2% |
| 1976 | 4.19 % change on previous year | -601.9% |
| 1977 | 8.19 % change on previous year | +95.3% |
| 1978 | 6.64 % change on previous year | -18.9% |
| 1979 | 13.06 % change on previous year | +96.5% |
| 1980 | 10.32 % change on previous year | -20.9% |
| 1981 | 6.71 % change on previous year | -35.0% |
| 1982 | 7.1 % change on previous year | +5.9% |
| 1983 | 7.39 % change on previous year | +4.1% |
| 1984 | 4.97 % change on previous year | -32.8% |
| 1985 | -0.0932 % change on previous year | -101.9% |
| 1986 | 0.9177 % change on previous year | -1084.8% |
| 1987 | 13.69 % change on previous year | +1391.8% |
| 1988 | 10.99 % change on previous year | -19.8% |
| 1989 | 17.88 % change on previous year | +62.7% |
| 1990 | 7.36 % change on previous year | -58.9% |
| 1991 | -0.2574 % change on previous year | -103.5% |
| 1992 | 9.11 % change on previous year | -3638.4% |
| 1993 | 13.01 % change on previous year | +42.9% |
| 1994 | 6.66 % change on previous year | -48.8% |
| 1995 | 5.51 % change on previous year | -17.3% |
| 1996 | 4.57 % change on previous year | -17.0% |
| 1997 | 7.29 % change on previous year | +59.3% |
| 1998 | -8.16 % change on previous year | -212.0% |
| 1999 | 8.12 % change on previous year | -199.4% |
| 2000 | 9.62 % change on previous year | +18.5% |
| 2001 | -4.22 % change on previous year | -143.9% |
| 2002 | 1.33 % change on previous year | -131.4% |
| 2003 | 5.3 % change on previous year | +299.2% |
| 2004 | 11.04 % change on previous year | +108.2% |
| 2005 | 4.93 % change on previous year | -55.4% |
| 2006 | 7.95 % change on previous year | +61.4% |
| 2007 | 18.88 % change on previous year | +137.4% |
| 2008 | -15.26 % change on previous year | -180.8% |
| 2009 | 1.39 % change on previous year | -109.1% |
| 2010 | 5.09 % change on previous year | +265.5% |
| 2011 | -2.21 % change on previous year | -143.3% |
| 2012 | 3.13 % change on previous year | -242.0% |
| 2013 | -4.12 % change on previous year | -231.5% |
| 2014 | 0.0458 % change on previous year | -101.1% |
| 2015 | 11.12 % change on previous year | +24168.0% |
| 2016 | 13.43 % change on previous year | +20.7% |
| 2017 | 5.85 % change on previous year | -56.4% |
| 2018 | -1.91 % change on previous year | -132.6% |
| 2019 | 1.55 % change on previous year | -181.1% |
| 2020 | -16.07 % change on previous year | -1140.1% |
| 2021 | 13.81 % change on previous year | -185.9% |
| 2022 | -5.09 % change on previous year | -136.9% |
| 2023 | 1.58 % change on previous year | -131.1% |
| 2024 | 5.74 % change on previous year | +262.9% |
| 2025 | 6.11 % change on previous year | +6.3% |
Singapore compared with similar countries
- Singapore's 6.11 % change on previous year is above the median for high income countries, which is 2.19 % change on previous year, 2.8× the median. (66 countries reporting)
- Singapore's 6.11 % change on previous year is above the median for East Asia & Pacific, which is 3.54 % change on previous year, 1.7× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (constant LCU), annual growth rate in Singapore changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +24168.0% | 0.0458 % change on previous year | 11.12 % change on previous year |
| 1992 | +3638.4% | -0.2574 % change on previous year | 9.11 % change on previous year |
| 1969 | +2606.8% | 0.5996 % change on previous year | 16.23 % change on previous year |
| 1987 | +1391.8% | 0.9177 % change on previous year | 13.69 % change on previous year |
| 2020 | -1140.1% | 1.55 % change on previous year | -16.07 % change on previous year |
| 1986 | +1084.8% | -0.0932 % change on previous year | 0.9177 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.04 % change on previous year | 0 % change on previous year | 21.75 % change on previous year | 9 |
| 1970s | 6.97 % change on previous year | -6.53 % change on previous year | 18 % change on previous year | 10 |
| 1980s | 7.99 % change on previous year | -0.0932 % change on previous year | 17.88 % change on previous year | 10 |
| 1990s | 5.32 % change on previous year | -8.16 % change on previous year | 13.01 % change on previous year | 10 |
| 2000s | 4.1 % change on previous year | -15.26 % change on previous year | 18.88 % change on previous year | 10 |
| 2010s | 3.2 % change on previous year | -4.12 % change on previous year | 13.43 % change on previous year | 10 |
| 2020s | 1.01 % change on previous year | -16.07 % change on previous year | 13.81 % change on previous year | 6 |
Countries ranked near Singapore
- 54 Vietnam 6.22 % change on previous year compare
- 55 Croatia 6.21 % change on previous year compare
- 56 El Salvador 6.19 % change on previous year compare
- 58 Tanzania 5.83 % change on previous year compare
- 59 Seychelles 5.79 % change on previous year compare
- 60 Democratic Republic of Congo 5.76 % change on previous year 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 taxes less subsidies on products (constant lcu), annual growth rate in Singapore?
- Taxes less subsidies on products (constant lcu), annual growth rate in Singapore was 6.11 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), annual growth rate recorded in Singapore?
- The highest recorded value was 21.75 % change on previous year in 1965.
- What is the lowest taxes less subsidies on products (constant lcu), annual growth rate recorded in Singapore?
- The lowest recorded value was -16.07 % change on previous year in 2020.
- How does Singapore rank for taxes less subsidies on products (constant lcu), annual growth rate?
- Singapore ranks 57th out of 188 countries with data for 2025.
- Is taxes less subsidies on products (constant lcu), annual growth rate rising or falling in Singapore?
- Over the last ten years it is down 45.1%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.