Taxes less subsidies on products in Singapore
Singapore: Taxes less subsidies on products was 34.50 billion current US$ in 2025. ◆ Volatile
Latest (2025)
34.50 billion current US$
Change on year
up 12.1%
World rank
35th
of 197 countries
All-time high
34.50 billion current US$
in 2025
All-time low
38.22 million current US$
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 US$.
Analysis
The most recent figure for taxes less subsidies on products in Singapore is 34.50 billion current US$, measured in 2025. That is the highest value across all 66 years on record.
That represents a change of up 12.1% on the previous year and up 95.5% over ten years.
Over the whole period, taxes less subsidies on products in Singapore peaked at 34.50 billion current US$ in 2025 and was at its lowest, 38.22 million current US$, in 1960.
Singapore ranks 35th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products in Singapore, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 38.22 million current US$ | — |
| 1961 | 38.81 million current US$ | +1.5% |
| 1962 | 40.87 million current US$ | +5.3% |
| 1963 | 41.58 million current US$ | +1.8% |
| 1964 | 43.94 million current US$ | +5.7% |
| 1965 | 54.32 million current US$ | +23.6% |
| 1966 | 61.74 million current US$ | +13.7% |
| 1967 | 62.36 million current US$ | +1.0% |
| 1968 | 71.21 million current US$ | +14.2% |
| 1969 | 86.60 million current US$ | +21.6% |
| 1970 | 105.22 million current US$ | +21.5% |
| 1971 | 109.21 million current US$ | +3.8% |
| 1972 | 128.33 million current US$ | +17.5% |
| 1973 | 166.76 million current US$ | +29.9% |
| 1974 | 190.44 million current US$ | +14.2% |
| 1975 | 200.17 million current US$ | +5.1% |
| 1976 | 226.08 million current US$ | +12.9% |
| 1977 | 245.47 million current US$ | +8.6% |
| 1978 | 282.90 million current US$ | +15.2% |
| 1979 | 358.93 million current US$ | +26.9% |
| 1980 | 441.42 million current US$ | +23.0% |
| 1981 | 510.42 million current US$ | +15.6% |
| 1982 | 563.26 million current US$ | +10.4% |
| 1983 | 657.20 million current US$ | +16.7% |
| 1984 | 738.52 million current US$ | +12.4% |
| 1985 | 721.20 million current US$ | -2.3% |
| 1986 | 657.42 million current US$ | -8.8% |
| 1987 | 831.68 million current US$ | +26.5% |
| 1988 | 1.13 billion current US$ | +36.1% |
| 1989 | 1.58 billion current US$ | +39.7% |
| 1990 | 1.68 billion current US$ | +6.0% |
| 1991 | 1.96 billion current US$ | +17.1% |
| 1992 | 2.63 billion current US$ | +34.3% |
| 1993 | 3.44 billion current US$ | +30.7% |
| 1994 | 4.93 billion current US$ | +43.2% |
| 1995 | 5.92 billion current US$ | +20.1% |
| 1996 | 5.99 billion current US$ | +1.1% |
| 1997 | 6.17 billion current US$ | +3.1% |
| 1998 | 4.35 billion current US$ | -29.5% |
| 1999 | 5.15 billion current US$ | +18.4% |
| 2000 | 6.52 billion current US$ | +26.5% |
| 2001 | 5.34 billion current US$ | -18.1% |
| 2002 | 4.82 billion current US$ | -9.7% |
| 2003 | 5.24 billion current US$ | +8.7% |
| 2004 | 5.74 billion current US$ | +9.5% |
| 2005 | 5.71 billion current US$ | -0.5% |
| 2006 | 6.21 billion current US$ | +8.9% |
| 2007 | 10.30 billion current US$ | +65.8% |
| 2008 | 10.06 billion current US$ | -2.3% |
| 2009 | 9.59 billion current US$ | -4.7% |
| 2010 | 13.15 billion current US$ | +37.2% |
| 2011 | 15.87 billion current US$ | +20.7% |
| 2012 | 16.93 billion current US$ | +6.6% |
| 2013 | 17.72 billion current US$ | +4.7% |
| 2014 | 17.17 billion current US$ | -3.1% |
| 2015 | 17.64 billion current US$ | +2.8% |
| 2016 | 19.24 billion current US$ | +9.1% |
| 2017 | 20.91 billion current US$ | +8.7% |
| 2018 | 19.73 billion current US$ | -5.7% |
| 2019 | 19.17 billion current US$ | -2.8% |
| 2020 | 16.14 billion current US$ | -15.8% |
| 2021 | 22.64 billion current US$ | +40.3% |
| 2022 | 23.07 billion current US$ | +1.9% |
| 2023 | 25.95 billion current US$ | +12.5% |
| 2024 | 30.79 billion current US$ | +18.6% |
| 2025 | 34.50 billion current US$ | +12.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 53.97 million current US$ | 38.22 million current US$ | 86.60 million current US$ | 10 |
| 1970s | 201.35 million current US$ | 105.22 million current US$ | 358.93 million current US$ | 10 |
| 1980s | 783.38 million current US$ | 441.42 million current US$ | 1.58 billion current US$ | 10 |
| 1990s | 4.22 billion current US$ | 1.68 billion current US$ | 6.17 billion current US$ | 10 |
| 2000s | 6.95 billion current US$ | 4.82 billion current US$ | 10.30 billion current US$ | 10 |
| 2010s | 17.75 billion current US$ | 13.15 billion current US$ | 20.91 billion current US$ | 10 |
| 2020s | 25.52 billion current US$ | 16.14 billion current US$ | 34.50 billion current US$ | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.03 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9429 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 93,169 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 2.77 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.23 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 121,813 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.96 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6782 constant 2015 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 34.50 billion current US$ 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 34.50 billion current US$ in 2025.
- What is the lowest taxes less subsidies on products recorded in Singapore?
- The lowest recorded value was 38.22 million current US$ in 1960.
- How does Singapore rank for taxes less subsidies on products?
- Singapore ranks 35th 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 95.5%. 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 US$). 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 indicator is expressed in United States dollars.