Singapore: Taxes on goods and services

* indicates monthly or quarterly data series
 Singapore

Taxes on goods and services, percent of total revenue

 Latest value 20.82
 Year 2021
 Measure percent
 Data availability 1972 - 2021
 Average 18.77
 Min - Max 13.39 - 26.21
 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 18.77 percent with a minimum of 13.39 percent in 1983 and a maximum of 26.21 percent in 2009. The latest value from 2021 is 20.82 percent. For comparison, the world average in 2021 based on 104 countries is 33.72 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 - Taxes on goods and services - Recent values chart

Historical chart
Singapore - Taxes on goods and services - historical chart - 1972-2021




Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.


 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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