Singapore: Tax revenue

* indicates monthly or quarterly data series
 Singapore

Tax revenue, percent of GDP

 Latest value 13.12
 Year 2021
 Measure percent
 Data availability 1972 - 2021
 Average 14.59
 Min - Max 11.58 - 18.92
 Source The World Bank
For that indicator, we provide data for Singapore from 1972 to 2021. The average value for Singapore during that period was 14.59 percent with a minimum of 11.58 percent in 2005 and a maximum of 18.92 percent in 1982. The latest value from 2021 is 13.12 percent. For comparison, the world average in 2021 based on 105 countries is 17.48 percent. 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 values chart
Singapore - Tax revenue - Recent values chart

Historical chart
Singapore - Tax revenue - historical chart - 1972-2021




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.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 10.02 2022 percent
 Government spending, in dollars 46.76 2022 billion U.S. dollars
 Fiscal balance, percent of GDP 3.58 2023 percent
 Government debt 162.14 2023 percent
 Government expenditure 16.13 Q3/2023 billion
 Tax revenue 13.12 2021 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 20.82 2021 percent
 Taxes on international trade 0.05 2007 percent
 Income and profits taxes 36.92 2021 percent
 Foreign aid 9.14 2004 million U.S. dollars
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