Singapore: Tax revenue

* indicates monthly or quarterly data series
 Singapore

Tax revenue, percent of GDP

 Latest value 12.03
 Year 2022
 Measure percent
 Data availability 1972 - 2022
 Average 14.53
 Min - Max 11.58 - 18.92
 Source The World Bank
The latest value from 2022 is 12.03 percent, a decline from 12.81 percent in 2021. In comparison, the world average is 17.41 percent, based on data from 94 countries. Historically, the average for Singapore from 1972 to 2022 is 14.53 percent. The minimum value, 11.58 percent, was reached in 2005 while the maximum of 18.92 percent was recorded in 1982. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Singapore - Tax revenue - Recent values chart

Historical series
Singapore - Tax revenue - historical chart - 1972-2022




Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 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
This site uses cookies.
Learn more here


OK