Singapore: Taxes on international trade
* indicates monthly or quarterly data series
| Singapore |
Taxes on international trade, percent of total revenue |
|---|---|
| Latest value | 0.05 |
| Year | 2007 |
| Measure | percent |
| Data availability | 1972 - 2007 |
| Average | 3.69 |
| Min - Max | 0.05 - 11.18 |
| Source | The World Bank |
The latest value from 2007 is 0.05 percent, a decline from 0.06 percent in 2006. In comparison, the world average is 11.34 percent, based on data from 94 countries. Historically, the average for Singapore from 1972 to 2007 is 3.69 percent. The minimum value, 0.05 percent, was reached in 2003 while the maximum of 11.18 percent was recorded in 1973.
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Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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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 | 20.59 | Q4/2024 | 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 |