Singapore: Tax revenue

The latest value from 2023 is 13.89 percent, an increase from 11.78 percent in 2022. In comparison, the world average is 17.30 percent, based on data from 87 countries. Historically, the average for Singapore from 1972 to 2023 is 14.51 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 or world map for that indicator or use the country comparator to compare trends over time.

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.