Expense in Singapore
Singapore: Expense was 117.44 billion current LCU in 2023. ◆ Volatile
Expense in Singapore, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Singapore recorded 117.44 billion current LCU for expense in 2023.
The figure is up 12.9% on the previous year and up 146.6% over ten years.
Over the whole period, expense in Singapore peaked at 124.03 billion current LCU in 2020 and was at its lowest, 1.25 billion current LCU, in 1972.
Singapore ranks 93rd of 157 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.19 billion current LCU | 1.25 billion current LCU | 3.26 billion current LCU | 8 |
| 1980s | 7.88 billion current LCU | 3.96 billion current LCU | 12.30 billion current LCU | 10 |
| 1990s | 16.79 billion current LCU | 12.03 billion current LCU | 22.56 billion current LCU | 10 |
| 2000s | 30.80 billion current LCU | 26.03 billion current LCU | 40.39 billion current LCU | 10 |
| 2010s | 57.75 billion current LCU | 40.59 billion current LCU | 74.69 billion current LCU | 10 |
| 2020s | 110.25 billion current LCU | 95.51 billion current LCU | 124.03 billion current LCU | 4 |
Countries ranked near Singapore
More public sector data for Singapore
- Arms imports 348.00 million SIPRI trend indicator values (2024)
- Tax revenue 13.6% (2024)
- Taxes on income, profits and capital gains 39.0% (2024)
- Taxes on goods and services 21.5% (2024)
- Net investment in nonfinancial assets -1.0% (2024)
- Net lending (+) / net borrowing (-) 3.4% (2024)
- Interest payments 0.5% (2024)
- Grants and other revenue 23.5% (2024)
- Interest payments 0.4% (2023)
- Other taxes 16.0% (2024)
Frequently asked questions
- What is expense in Singapore?
- Expense in Singapore was 117.44 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Singapore?
- The highest recorded value was 124.03 billion current LCU in 2020.
- What is the lowest expense recorded in Singapore?
- The lowest recorded value was 1.25 billion current LCU in 1972.
- How does Singapore rank for expense?
- Singapore ranks 93rd out of 157 countries with data for 2023.
- Is expense rising or falling in Singapore?
- Over the last ten years it is up 146.6%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.