Taxes on goods and services as share of GDP in Singapore
Singapore: Taxes on goods and services as share of GDP was 3.7% in 2023. ▼ Falling
Taxes on goods and services as share of GDP in Singapore, 1980–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for taxes on goods and services as share of gdp in Singapore is 3.7%, measured in 2023.
That represents a change of up 14.5% on the previous year and down 8.3% over ten years.
Over the whole period, taxes on goods and services as share of gdp in Singapore peaked at 5.2% in 1994 and was at its lowest, 3.3%, in 2022.
Singapore ranks 149th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 44 years of available data.
Taxes on goods and services as share of GDP in Singapore, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 3.9% | — |
| 1981 | 3.6% | -8.6% |
| 1982 | 3.8% | +6.6% |
| 1983 | 3.8% | +1.6% |
| 1984 | 3.8% | -0.4% |
| 1985 | 3.6% | -5.2% |
| 1986 | 3.5% | -2.7% |
| 1987 | 4.1% | +16.4% |
| 1988 | 5.1% | +22.8% |
| 1989 | 5.0% | -0.6% |
| 1990 | 4.1% | -19.2% |
| 1991 | 4.1% | +1.2% |
| 1992 | 4.2% | +2.4% |
| 1993 | 4.4% | +3.9% |
| 1994 | 5.2% | +20.0% |
| 1995 | 5.2% | -1.1% |
| 1996 | 4.7% | -8.4% |
| 1997 | 4.5% | -5.1% |
| 1998 | 4.0% | -11.1% |
| 1999 | 4.5% | +12.6% |
| 2000 | 4.6% | +2.8% |
| 2001 | 4.5% | -3.2% |
| 2002 | 3.9% | -12.5% |
| 2003 | 4.8% | +22.5% |
| 2004 | 4.4% | -7.7% |
| 2005 | 4.3% | -4.1% |
| 2006 | 4.0% | -6.6% |
| 2007 | 4.5% | +12.6% |
| 2008 | 4.4% | -0.9% |
| 2009 | 4.5% | +0.7% |
| 2010 | 4.4% | -1.6% |
| 2011 | 4.3% | -2.2% |
| 2012 | 4.1% | -3.6% |
| 2013 | 4.1% | -1.4% |
| 2014 | 4.2% | +3.9% |
| 2015 | 4.2% | -1.8% |
| 2016 | 4.2% | +1.4% |
| 2017 | 4.0% | -5.5% |
| 2018 | 3.8% | -4.0% |
| 2019 | 3.8% | -1.3% |
| 2020 | 3.7% | -2.6% |
| 2021 | 3.6% | -2.7% |
| 2022 | 3.3% | -8.8% |
| 2023 | 3.7% | +14.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.0% | 3.5% | 5.1% | 10 |
| 1990s | 4.5% | 4.0% | 5.2% | 10 |
| 2000s | 4.4% | 3.9% | 4.8% | 10 |
| 2010s | 4.1% | 3.8% | 4.4% | 10 |
| 2020s | 3.6% | 3.3% | 3.7% | 4 |
Countries ranked near Singapore
- 146 Timor-Leste 3.9% compare
- 147 Myanmar 3.9% compare
- 148 Philippines 3.8% compare
- 150 Suriname 3.7% compare
- 151 Guinea-Bissau 3.6% compare
- 152 Côte d'Ivoire 3.6% 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)
- Services, value added (constant LCU), per capita 66,946 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate -1.8 % change on previous year (2025)
- 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)
Frequently asked questions
- What is taxes on goods and services as share of gdp in Singapore?
- Taxes on goods and services as share of gdp in Singapore was 3.7% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on goods and services as share of gdp recorded in Singapore?
- The highest recorded value was 5.2% in 1994.
- What is the lowest taxes on goods and services as share of gdp recorded in Singapore?
- The lowest recorded value was 3.3% in 2022.
- How does Singapore rank for taxes on goods and services as share of gdp?
- Singapore ranks 149th out of 187 countries with data for 2023.
- Is taxes on goods and services as share of gdp rising or falling in Singapore?
- Over the last ten years it is down 8.3%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on goods and services as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on goods and services (including sales taxes, value added taxes and excise duties) divided by gross domestic product, expressed as a percentage.