Singapore: Government spending, percent of GDP

* indicates monthly or quarterly data series
 Singapore

Government spending as percent of GDP

 Latest value 10.23
 Year 2023
 Measure percent
 Data availability 1960 - 2023
 Average 10.17
 Min - Max 7.53 - 13.39
 Source The World Bank
The latest value from 2023 is 10.23 percent, an increase from 9.45 percent in 2022. In comparison, the world average is 16.14 percent, based on data from 130 countries. Historically, the average for Singapore from 1960 to 2023 is 10.17 percent. The minimum value, 7.53 percent, was reached in 1960 while the maximum of 13.39 percent was recorded in 1985. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Singapore - Government spending, percent of GDP - Recent values chart

Historical series
Singapore - Government spending, percent of GDP - historical chart - 1960-2023




The government size of Singapore and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 10.23 2023 percent
 Government spending, in dollars 51.28 2023 billion U.S. dollars
 Fiscal balance, percent of GDP 3.48 2023 percent
 Government debt 174.84 2023 percent
 Government expenditure 15.24 Q2/2024 billion
 Tax revenue 12.03 2022 percent
 Commercial tax rate 21.00 2019 percent
 Tax preparation time 64 2019 hours
 Number of taxes 5 2019 taxes
 Taxes on goods and services 20.17 2022 percent
 Taxes on international trade 0.05 2007 percent
 Income and profits taxes 37.81 2022 percent
 Foreign aid 9.14 2004 million U.S. dollars
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