Singapore: Fiscal freedom

* indicates monthly or quarterly data series
 Singapore

Fiscal freedom index (0-100)

 Latest value 76
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 87
 Min - Max 76 - 91
 Source The Heritage Foundation
For that indicator, we provide data for Singapore from 1995 to 2024. The average value for Singapore during that period was 87 points with a minimum of 76 points in 2024 and a maximum of 91 points in 2009. The latest value from 2024 is 76 points. For comparison, the world average in 2024 based on 174 countries is 52 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Singapore - Fiscal freedom - Recent values chart

Historical chart
Singapore - Fiscal freedom - historical chart - 1995-2024




The Fiscal Freedom index for Singapore from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.
Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.

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 Related indicators Latest value Reference Measure
 Property rights 94 2024 points
 Freedom from corruption 88 2024 points
 Fiscal freedom 76 2024 points
 Business freedom 87 2024 points
 Labor freedom 77 2024 points
 Monetary freedom 76.30 2024 points
 Trade freedom 95 2024 points
 Investment freedom 90 2024 points
 Financial freedom 80 2024 points
 Economic freedom, overall index 84 2024 index points
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