Taxes less subsidies on products in Singapore
Singapore: Taxes less subsidies on products was 29.97 billion constant LCU in 2025. ◆ Volatile
Latest (2025)
29.97 billion constant LCU
Change on year
up 6.1%
World rank
97th
of 189 countries
All-time high
29.97 billion constant LCU
in 2025
All-time low
1.22 billion constant LCU
in 1960
Years of data
66
1960–2025
Taxes less subsidies on products in Singapore, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for taxes less subsidies on products in Singapore is 29.97 billion constant LCU, measured in 2025. That is the highest value across all 66 years on record.
The figure is up 6.1% on the previous year and up 23.6% over ten years.
Over the whole period, taxes less subsidies on products in Singapore peaked at 29.97 billion constant LCU in 2025 and was at its lowest, 1.22 billion constant LCU, in 1960.
Singapore ranks 97th of 189 countries on this measure, 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 in Singapore, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 1.22 billion constant LCU | — |
| 1961 | 1.24 billion constant LCU | +1.7% |
| 1962 | 1.31 billion constant LCU | +5.4% |
| 1963 | 1.32 billion constant LCU | +0.8% |
| 1964 | 1.38 billion constant LCU | +4.4% |
| 1965 | 1.68 billion constant LCU | +21.7% |
| 1966 | 1.88 billion constant LCU | +12.5% |
| 1967 | 1.88 billion constant LCU | +0.0% |
| 1968 | 1.90 billion constant LCU | +0.6% |
| 1969 | 2.20 billion constant LCU | +16.2% |
| 1970 | 2.60 billion constant LCU | +18.0% |
| 1971 | 2.68 billion constant LCU | +2.9% |
| 1972 | 3.08 billion constant LCU | +15.0% |
| 1973 | 3.36 billion constant LCU | +9.0% |
| 1974 | 3.14 billion constant LCU | -6.5% |
| 1975 | 3.11 billion constant LCU | -0.8% |
| 1976 | 3.24 billion constant LCU | +4.2% |
| 1977 | 3.51 billion constant LCU | +8.2% |
| 1978 | 3.74 billion constant LCU | +6.6% |
| 1979 | 4.23 billion constant LCU | +13.1% |
| 1980 | 4.66 billion constant LCU | +10.3% |
| 1981 | 4.98 billion constant LCU | +6.7% |
| 1982 | 5.33 billion constant LCU | +7.1% |
| 1983 | 5.73 billion constant LCU | +7.4% |
| 1984 | 6.01 billion constant LCU | +5.0% |
| 1985 | 6.00 billion constant LCU | -0.1% |
| 1986 | 6.06 billion constant LCU | +0.9% |
| 1987 | 6.89 billion constant LCU | +13.7% |
| 1988 | 7.65 billion constant LCU | +11.0% |
| 1989 | 9.01 billion constant LCU | +17.9% |
| 1990 | 9.68 billion constant LCU | +7.4% |
| 1991 | 9.65 billion constant LCU | -0.3% |
| 1992 | 10.53 billion constant LCU | +9.1% |
| 1993 | 11.90 billion constant LCU | +13.0% |
| 1994 | 12.69 billion constant LCU | +6.7% |
| 1995 | 13.39 billion constant LCU | +5.5% |
| 1996 | 14.00 billion constant LCU | +4.6% |
| 1997 | 15.03 billion constant LCU | +7.3% |
| 1998 | 13.80 billion constant LCU | -8.2% |
| 1999 | 14.92 billion constant LCU | +8.1% |
| 2000 | 16.35 billion constant LCU | +9.6% |
| 2001 | 15.66 billion constant LCU | -4.2% |
| 2002 | 15.87 billion constant LCU | +1.3% |
| 2003 | 16.71 billion constant LCU | +5.3% |
| 2004 | 18.56 billion constant LCU | +11.0% |
| 2005 | 19.47 billion constant LCU | +4.9% |
| 2006 | 21.02 billion constant LCU | +8.0% |
| 2007 | 24.99 billion constant LCU | +18.9% |
| 2008 | 21.18 billion constant LCU | -15.3% |
| 2009 | 21.47 billion constant LCU | +1.4% |
| 2010 | 22.56 billion constant LCU | +5.1% |
| 2011 | 22.06 billion constant LCU | -2.2% |
| 2012 | 22.76 billion constant LCU | +3.1% |
| 2013 | 21.82 billion constant LCU | -4.1% |
| 2014 | 21.83 billion constant LCU | +0.0% |
| 2015 | 24.26 billion constant LCU | +11.1% |
| 2016 | 27.51 billion constant LCU | +13.4% |
| 2017 | 29.12 billion constant LCU | +5.9% |
| 2018 | 28.57 billion constant LCU | -1.9% |
| 2019 | 29.01 billion constant LCU | +1.5% |
| 2020 | 24.35 billion constant LCU | -16.1% |
| 2021 | 27.71 billion constant LCU | +13.8% |
| 2022 | 26.30 billion constant LCU | -5.1% |
| 2023 | 26.71 billion constant LCU | +1.6% |
| 2024 | 28.25 billion constant LCU | +5.7% |
| 2025 | 29.97 billion constant LCU | +6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.60 billion constant LCU | 1.22 billion constant LCU | 2.20 billion constant LCU | 10 |
| 1970s | 3.27 billion constant LCU | 2.60 billion constant LCU | 4.23 billion constant LCU | 10 |
| 1980s | 6.23 billion constant LCU | 4.66 billion constant LCU | 9.01 billion constant LCU | 10 |
| 1990s | 12.56 billion constant LCU | 9.65 billion constant LCU | 15.03 billion constant LCU | 10 |
| 2000s | 19.13 billion constant LCU | 15.66 billion constant LCU | 24.99 billion constant LCU | 10 |
| 2010s | 24.95 billion constant LCU | 21.82 billion constant LCU | 29.12 billion constant LCU | 10 |
| 2020s | 27.22 billion constant LCU | 24.35 billion constant LCU | 29.97 billion constant LCU | 6 |
Countries ranked near Singapore
- 94 Portugal 32.74 billion constant LCU compare
- 95 Bolivia, Plurinational State of 30.68 billion constant LCU compare
- 96 Finland 30.02 billion constant LCU compare
- 98 New Zealand 29.45 billion constant LCU compare
- 99 Greece 28.17 billion constant LCU compare
- 100 Ireland 25.53 billion constant LCU 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)
- Manufacturing, value added (current US$), per unit of GDP 0.1743 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 17,223 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.2279 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 22,518 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.1506 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 14,884 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 20,462 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.41 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products in Singapore?
- Taxes less subsidies on products in Singapore was 29.97 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Singapore?
- The highest recorded value was 29.97 billion constant LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in Singapore?
- The lowest recorded value was 1.22 billion constant LCU in 1960.
- How does Singapore rank for taxes less subsidies on products?
- Singapore ranks 97th out of 189 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Singapore?
- Over the last ten years it is up 23.6%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.