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.
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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 |