Taxes less subsidies on products (current US$), annual growth rate in Singapore
Singapore: Taxes less subsidies on products (current US$), annual growth rate was 12.05 % change on previous year in 2025. ◆ Volatile
Latest (2025)
12.05 % change on previous year
Change on year
down 35.4%
World rank
74th
of 197 countries
All-time high
65.76 % change on previous year
in 2007
All-time low
-29.49 % change on previous year
in 1998
Years of data
65
1961–2025
Taxes less subsidies on products (current US$), annual growth rate in Singapore, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Singapore recorded 12.05 % change on previous year for taxes less subsidies on products (current us$), annual growth rate in 2025.
That represents a change of down 35.4% on the previous year and up 332.4% over ten years.
Over the whole period, taxes less subsidies on products (current us$), annual growth rate in Singapore peaked at 65.76 % change on previous year in 2007 and was at its lowest, -29.49 % change on previous year, in 1998.
That places Singapore 74th out of 197 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$), annual growth rate in Singapore, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 1.54 % change on previous year | — |
| 1962 | 5.3 % change on previous year | +244.7% |
| 1963 | 1.76 % change on previous year | -66.8% |
| 1964 | 5.66 % change on previous year | +221.6% |
| 1965 | 23.64 % change on previous year | +318.0% |
| 1966 | 13.65 % change on previous year | -42.3% |
| 1967 | 1.01 % change on previous year | -92.6% |
| 1968 | 14.2 % change on previous year | +1312.0% |
| 1969 | 21.61 % change on previous year | +52.2% |
| 1970 | 21.5 % change on previous year | -0.5% |
| 1971 | 3.79 % change on previous year | -82.4% |
| 1972 | 17.51 % change on previous year | +362.2% |
| 1973 | 29.94 % change on previous year | +71.0% |
| 1974 | 14.21 % change on previous year | -52.6% |
| 1975 | 5.11 % change on previous year | -64.0% |
| 1976 | 12.94 % change on previous year | +153.4% |
| 1977 | 8.58 % change on previous year | -33.7% |
| 1978 | 15.25 % change on previous year | +77.8% |
| 1979 | 26.88 % change on previous year | +76.3% |
| 1980 | 22.98 % change on previous year | -14.5% |
| 1981 | 15.63 % change on previous year | -32.0% |
| 1982 | 10.35 % change on previous year | -33.8% |
| 1983 | 16.68 % change on previous year | +61.1% |
| 1984 | 12.37 % change on previous year | -25.8% |
| 1985 | -2.35 % change on previous year | -119.0% |
| 1986 | -8.84 % change on previous year | +277.1% |
| 1987 | 26.51 % change on previous year | -399.7% |
| 1988 | 36.06 % change on previous year | +36.0% |
| 1989 | 39.73 % change on previous year | +10.2% |
| 1990 | 5.97 % change on previous year | -85.0% |
| 1991 | 17.09 % change on previous year | +186.5% |
| 1992 | 34.3 % change on previous year | +100.7% |
| 1993 | 30.7 % change on previous year | -10.5% |
| 1994 | 43.16 % change on previous year | +40.6% |
| 1995 | 20.14 % change on previous year | -53.3% |
| 1996 | 1.07 % change on previous year | -94.7% |
| 1997 | 3.14 % change on previous year | +192.9% |
| 1998 | -29.49 % change on previous year | -1037.9% |
| 1999 | 18.4 % change on previous year | -162.4% |
| 2000 | 26.46 % change on previous year | +43.8% |
| 2001 | -18.12 % change on previous year | -168.5% |
| 2002 | -9.74 % change on previous year | -46.2% |
| 2003 | 8.74 % change on previous year | -189.8% |
| 2004 | 9.47 % change on previous year | +8.4% |
| 2005 | -0.5222 % change on previous year | -105.5% |
| 2006 | 8.89 % change on previous year | -1802.1% |
| 2007 | 65.76 % change on previous year | +639.8% |
| 2008 | -2.32 % change on previous year | -103.5% |
| 2009 | -4.71 % change on previous year | +103.1% |
| 2010 | 37.22 % change on previous year | -890.0% |
| 2011 | 20.7 % change on previous year | -44.4% |
| 2012 | 6.62 % change on previous year | -68.0% |
| 2013 | 4.68 % change on previous year | -29.3% |
| 2014 | -3.12 % change on previous year | -166.7% |
| 2015 | 2.79 % change on previous year | -189.3% |
| 2016 | 9.05 % change on previous year | +224.9% |
| 2017 | 8.67 % change on previous year | -4.3% |
| 2018 | -5.65 % change on previous year | -165.2% |
| 2019 | -2.85 % change on previous year | -49.6% |
| 2020 | -15.78 % change on previous year | +453.9% |
| 2021 | 40.26 % change on previous year | -355.2% |
| 2022 | 1.9 % change on previous year | -95.3% |
| 2023 | 12.49 % change on previous year | +558.6% |
| 2024 | 18.64 % change on previous year | +49.2% |
| 2025 | 12.05 % change on previous year | -35.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.82 % change on previous year | 1.01 % change on previous year | 23.64 % change on previous year | 9 |
| 1970s | 15.57 % change on previous year | 3.79 % change on previous year | 29.94 % change on previous year | 10 |
| 1980s | 16.91 % change on previous year | -8.84 % change on previous year | 39.73 % change on previous year | 10 |
| 1990s | 14.45 % change on previous year | -29.49 % change on previous year | 43.16 % change on previous year | 10 |
| 2000s | 8.39 % change on previous year | -18.12 % change on previous year | 65.76 % change on previous year | 10 |
| 2010s | 7.81 % change on previous year | -5.65 % change on previous year | 37.22 % change on previous year | 10 |
| 2020s | 11.59 % change on previous year | -15.78 % change on previous year | 40.26 % change on previous year | 6 |
Countries ranked near Singapore
- 71 Curaçao 12.24 % change on previous year compare
- 72 Belarus 12.11 % change on previous year compare
- 73 Republic of Moldova 12.07 % change on previous year compare
- 75 Saint Vincent and the Grenadines 11.94 % change on previous year compare
- 76 Madagascar 11.52 % change on previous year compare
- 77 Nicaragua 11.52 % 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)
- Exports of goods and services (current LCU), annual growth rate 5.03 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 2.33 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 229,774 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 10.79 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 1.47 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 145,218 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 10.66 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2208 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products (current us$), annual growth rate in Singapore?
- Taxes less subsidies on products (current us$), annual growth rate in Singapore was 12.05 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), annual growth rate recorded in Singapore?
- The highest recorded value was 65.76 % change on previous year in 2007.
- What is the lowest taxes less subsidies on products (current us$), annual growth rate recorded in Singapore?
- The lowest recorded value was -29.49 % change on previous year in 1998.
- How does Singapore rank for taxes less subsidies on products (current us$), annual growth rate?
- Singapore ranks 74th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current us$), annual growth rate rising or falling in Singapore?
- Over the last ten years it is up 332.4%. 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 (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current US$). 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 (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.