Taxes less subsidies on products in Singapore
Singapore: Taxes less subsidies on products was 45.11 billion current LCU in 2025. ◆ Volatile
Latest (2025)
45.11 billion current LCU
Change on year
up 9.6%
World rank
105th
of 197 countries
All-time high
45.11 billion current LCU
in 2025
All-time low
117.00 million current 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 current LCU.
Analysis
The most recent figure for taxes less subsidies on products in Singapore is 45.11 billion current LCU, measured in 2025. That is the highest value across all 66 years on record.
That represents a change of up 9.6% on the previous year and up 86.0% over ten years.
Over the whole period, taxes less subsidies on products in Singapore peaked at 45.11 billion current LCU in 2025 and was at its lowest, 117.00 million current LCU, in 1960.
That places Singapore 105th out of 197 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 in Singapore, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 117.00 million current LCU | — |
| 1961 | 118.80 million current LCU | +1.5% |
| 1962 | 125.10 million current LCU | +5.3% |
| 1963 | 127.30 million current LCU | +1.8% |
| 1964 | 134.50 million current LCU | +5.7% |
| 1965 | 166.30 million current LCU | +23.6% |
| 1966 | 189.00 million current LCU | +13.7% |
| 1967 | 190.90 million current LCU | +1.0% |
| 1968 | 218.00 million current LCU | +14.2% |
| 1969 | 265.10 million current LCU | +21.6% |
| 1970 | 322.10 million current LCU | +21.5% |
| 1971 | 334.30 million current LCU | +3.8% |
| 1972 | 391.50 million current LCU | +17.1% |
| 1973 | 469.00 million current LCU | +19.8% |
| 1974 | 468.00 million current LCU | -0.2% |
| 1975 | 487.80 million current LCU | +4.2% |
| 1976 | 536.10 million current LCU | +9.9% |
| 1977 | 606.50 million current LCU | +13.1% |
| 1978 | 690.10 million current LCU | +13.8% |
| 1979 | 816.20 million current LCU | +18.3% |
| 1980 | 959.90 million current LCU | +17.6% |
| 1981 | 1.09 billion current LCU | +13.9% |
| 1982 | 1.19 billion current LCU | +8.9% |
| 1983 | 1.41 billion current LCU | +18.2% |
| 1984 | 1.56 billion current LCU | +11.0% |
| 1985 | 1.54 billion current LCU | -1.4% |
| 1986 | 1.45 billion current LCU | -6.0% |
| 1987 | 1.81 billion current LCU | +25.2% |
| 1988 | 2.38 billion current LCU | +31.6% |
| 1989 | 3.18 billion current LCU | +33.5% |
| 1990 | 3.27 billion current LCU | +2.7% |
| 1991 | 3.39 billion current LCU | +3.7% |
| 1992 | 4.29 billion current LCU | +26.6% |
| 1993 | 5.56 billion current LCU | +29.6% |
| 1994 | 7.53 billion current LCU | +35.3% |
| 1995 | 8.39 billion current LCU | +11.5% |
| 1996 | 8.44 billion current LCU | +0.6% |
| 1997 | 9.17 billion current LCU | +8.6% |
| 1998 | 7.29 billion current LCU | -20.5% |
| 1999 | 8.74 billion current LCU | +19.9% |
| 2000 | 11.24 billion current LCU | +28.6% |
| 2001 | 9.56 billion current LCU | -14.9% |
| 2002 | 8.63 billion current LCU | -9.8% |
| 2003 | 9.13 billion current LCU | +5.8% |
| 2004 | 9.69 billion current LCU | +6.2% |
| 2005 | 9.50 billion current LCU | -2.0% |
| 2006 | 9.87 billion current LCU | +4.0% |
| 2007 | 15.52 billion current LCU | +57.2% |
| 2008 | 14.23 billion current LCU | -8.3% |
| 2009 | 13.94 billion current LCU | -2.0% |
| 2010 | 17.93 billion current LCU | +28.6% |
| 2011 | 19.97 billion current LCU | +11.3% |
| 2012 | 21.15 billion current LCU | +5.9% |
| 2013 | 22.17 billion current LCU | +4.8% |
| 2014 | 21.75 billion current LCU | -1.9% |
| 2015 | 24.26 billion current LCU | +11.5% |
| 2016 | 26.58 billion current LCU | +9.6% |
| 2017 | 28.87 billion current LCU | +8.6% |
| 2018 | 26.61 billion current LCU | -7.8% |
| 2019 | 26.14 billion current LCU | -1.7% |
| 2020 | 22.27 billion current LCU | -14.8% |
| 2021 | 30.42 billion current LCU | +36.6% |
| 2022 | 31.80 billion current LCU | +4.6% |
| 2023 | 34.85 billion current LCU | +9.6% |
| 2024 | 41.14 billion current LCU | +18.1% |
| 2025 | 45.11 billion current LCU | +9.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 165.20 million current LCU | 117.00 million current LCU | 265.10 million current LCU | 10 |
| 1970s | 512.16 million current LCU | 322.10 million current LCU | 816.20 million current LCU | 10 |
| 1980s | 1.66 billion current LCU | 959.90 million current LCU | 3.18 billion current LCU | 10 |
| 1990s | 6.61 billion current LCU | 3.27 billion current LCU | 9.17 billion current LCU | 10 |
| 2000s | 11.13 billion current LCU | 8.63 billion current LCU | 15.52 billion current LCU | 10 |
| 2010s | 23.54 billion current LCU | 17.93 billion current LCU | 28.87 billion current LCU | 10 |
| 2020s | 34.26 billion current LCU | 22.27 billion current LCU | 45.11 billion current LCU | 6 |
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)
- Industry (including construction), value added (constant 2015 US$) 7.58 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1864 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 18,421 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 7.58 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.2563 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 25,326 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 3.17 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.7159 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products in Singapore?
- Taxes less subsidies on products in Singapore was 45.11 billion current 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 45.11 billion current LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in Singapore?
- The lowest recorded value was 117.00 million current LCU in 1960.
- How does Singapore rank for taxes less subsidies on products?
- Singapore ranks 105th out of 197 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Singapore?
- Over the last ten years it is up 86.0%. 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 (current LCU). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.