Singapore: Taxes on international trade

The latest value from 2007 is 0.05 percent, a decline from 0.06 percent in 2006. In comparison, the world average is 10.89 percent, based on data from 89 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. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.