Expense in Singapore
Singapore: Expense was 117.44 billion current LCU in 2023. ◆ Volatile
Latest (2023)
117.44 billion current LCU
Change on year
up 12.9%
World rank
93rd
of 157 countries
All-time high
124.03 billion current LCU
in 2020
All-time low
1.25 billion current LCU
in 1972
Years of data
52
1972–2023
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.
Expense in Singapore, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 1.25 billion current LCU | — |
| 1973 | 1.44 billion current LCU | +15.6% |
| 1974 | 1.70 billion current LCU | +17.8% |
| 1975 | 2.08 billion current LCU | +23.0% |
| 1976 | 2.32 billion current LCU | +11.5% |
| 1977 | 2.68 billion current LCU | +15.5% |
| 1978 | 2.82 billion current LCU | +4.9% |
| 1979 | 3.26 billion current LCU | +15.7% |
| 1980 | 3.96 billion current LCU | +21.6% |
| 1981 | 5.42 billion current LCU | +36.7% |
| 1982 | 5.50 billion current LCU | +1.4% |
| 1983 | 6.28 billion current LCU | +14.3% |
| 1984 | 7.84 billion current LCU | +24.8% |
| 1985 | 7.34 billion current LCU | -6.4% |
| 1986 | 9.27 billion current LCU | +26.3% |
| 1987 | 12.30 billion current LCU | +32.8% |
| 1988 | 10.14 billion current LCU | -17.6% |
| 1989 | 10.76 billion current LCU | +6.1% |
| 1990 | 12.03 billion current LCU | +11.8% |
| 1991 | 14.04 billion current LCU | +16.7% |
| 1992 | 14.05 billion current LCU | +0.0% |
| 1993 | 14.27 billion current LCU | +1.6% |
| 1994 | 12.29 billion current LCU | -13.9% |
| 1995 | 14.84 billion current LCU | +20.8% |
| 1996 | 21.95 billion current LCU | +47.9% |
| 1997 | 20.27 billion current LCU | -7.7% |
| 1998 | 22.56 billion current LCU | +11.3% |
| 1999 | 21.61 billion current LCU | -4.2% |
| 2000 | 26.03 billion current LCU | +20.5% |
| 2001 | 29.23 billion current LCU | +12.3% |
| 2002 | 26.75 billion current LCU | -8.5% |
| 2003 | 27.11 billion current LCU | +1.3% |
| 2004 | 27.98 billion current LCU | +3.2% |
| 2005 | 26.79 billion current LCU | -4.3% |
| 2006 | 30.84 billion current LCU | +15.1% |
| 2007 | 33.13 billion current LCU | +7.4% |
| 2008 | 39.73 billion current LCU | +19.9% |
| 2009 | 40.39 billion current LCU | +1.7% |
| 2010 | 40.59 billion current LCU | +0.5% |
| 2011 | 44.88 billion current LCU | +10.6% |
| 2012 | 45.67 billion current LCU | +1.8% |
| 2013 | 47.63 billion current LCU | +4.3% |
| 2014 | 52.47 billion current LCU | +10.2% |
| 2015 | 67.44 billion current LCU | +28.5% |
| 2016 | 63.66 billion current LCU | -5.6% |
| 2017 | 67.81 billion current LCU | +6.5% |
| 2018 | 74.69 billion current LCU | +10.1% |
| 2019 | 72.72 billion current LCU | -2.6% |
| 2020 | 124.03 billion current LCU | +70.6% |
| 2021 | 95.51 billion current LCU | -23.0% |
| 2022 | 104.02 billion current LCU | +8.9% |
| 2023 | 117.44 billion current LCU | +12.9% |
Singapore compared with similar countries
- Singapore's 117.44 billion current LCU is below the median for high income countries, which is 134.42 billion current LCU, 87% of the median. (57 countries reporting)
- Singapore's 117.44 billion current LCU is above the median for East Asia & Pacific, which is 94.75 billion current LCU, 1.2× the median. (26 countries reporting)
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
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 3 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
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.
Download this data
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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.