Government finances

Central government data (World Bank WDI). Not directly comparable with EU Maastricht figures which use general government.

Government debt
167.8% GDP
2024
Govt expenditure
17.1% GDP
2023
Budget surplus
3.4% GDP
2024

Price level

Singapore is 39.5% cheaper than the USA overall (2025). Index: USA = 100.

Overall price level
60.5(USA=100)
2025

Source: World Bank WDI (PA.NUS.PPP / PA.NUS.FCRF × 100). GDP price level only.

Government debt since 2010

YearDebt (% GDP)Change
2010101.4—
2011104.8+3.3
2012107.8+3
201399.4-8.4
201499.6+0.2
2015103.3+3.7
2016108.5+5.2
2017108.8+0.4
2018110.4+1.6
2019127.9+17.4
2020150.8+23
2021147.8-3.1
2022152.5+4.8
2023173.6+21.1
2024167.8-5.8

Data sources

DatasetSourceCoverage
Govt debt / expenditure / revenue / surplusWorld Bank WDI (GC.* indicators)2000–2024
Price level index (USA=100)World Bank WDI PPP/XR ratio1990–2023
Labour tax wedgeEurostat earn_nt_taxrateEEA/EU only
Statutory tax ratesOECD / EC Taxation Trends 2024EU+EFTA only
Singapore — nstate — nstate