Singapore: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Singapore

Fiscal balance, percent of GDP

 Latest value 3.58
 Year 2023
 Measure percent
 Data availability 1990 - 2023
 Average 3.33
 Min - Max -6.73 - 7.96
 Source International Monetary Fund (IMF)
For that indicator, we provide data for Singapore from 1990 to 2023. The average value for Singapore during that period was 3.33 percent with a minimum of -6.73 percent in 2020 and a maximum of 7.96 percent in 2011. The latest value from 2023 is 3.58 percent. For comparison, the world average in 2023 based on 112 countries is -3.16 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 - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Singapore - Fiscal balance, percent of GDP - historical chart - 1990-2023




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles



 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 10.02 2022 percent
 Government spending, in dollars 51.28 2023 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
This site uses cookies.
Learn more here


OK