Taxes on income vs. taxes on goods and services in Singapore
Singapore: Taxes on income vs. taxes on goods and services was 3.7% in 2023. ▼ Falling
Latest (2023)
3.7%
Change on year
up 14.5%
World rank
149th
of 187 countries
All-time high
5.2%
in 1994
All-time low
3.3%
in 2022
Years of data
44
1980–2023
Taxes on income vs. taxes on goods and services 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 income vs. taxes on goods and services in Singapore is 3.7%, measured in 2023.
Compared with earlier readings it is up 14.5% on the previous year and down 8.3% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services 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 income vs. taxes on goods and services 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% |
Singapore compared with similar countries
- Singapore's 3.7% is below the median for high income countries, which is 10.3%, 36% of the median. (63 countries reporting)
- Singapore's 3.7% is below the median for East Asia & Pacific, which is 6.0%, 62% of the median. (30 countries reporting)
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 94.20 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.156 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 15,415 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 159.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 17.78 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.2634 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 26,032 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 12.55 % change on previous year (2025)
Frequently asked questions
- What is taxes on income vs. taxes on goods and services in Singapore?
- Taxes on income vs. taxes on goods and services 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 income vs. taxes on goods and services recorded in Singapore?
- The highest recorded value was 5.2% in 1994.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Singapore?
- The lowest recorded value was 3.3% in 2022.
- How does Singapore rank for taxes on income vs. taxes on goods and services?
- Singapore ranks 149th out of 187 countries with data for 2023.
- Is taxes on income vs. taxes on goods and services 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 income vs. taxes on goods and services. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.