Interest payments in Singapore
Singapore: Interest payments was 0.4% in 2023. ◆ Volatile
Interest payments in Singapore, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Singapore recorded 0.4% for interest payments in 2023.
The figure is down 3.0% on the previous year and up 7,960.4% over ten years.
Over the whole period, interest payments in Singapore peaked at 30.9% in 1987 and was at its lowest, 0.0%, in 2018.
That places Singapore 148th out of 152 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Singapore, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 8.0% | — |
| 1973 | 10.4% | +29.8% |
| 1974 | 10.5% | +0.7% |
| 1975 | 10.5% | -0.4% |
| 1976 | 13.5% | +28.8% |
| 1977 | 16.1% | +19.5% |
| 1978 | 19.0% | +17.8% |
| 1979 | 19.5% | +2.9% |
| 1980 | 18.7% | -4.3% |
| 1981 | 14.2% | -23.9% |
| 1982 | 17.1% | +20.6% |
| 1983 | 25.6% | +49.3% |
| 1984 | 24.2% | -5.6% |
| 1985 | 16.3% | -32.4% |
| 1986 | 12.8% | -21.3% |
| 1987 | 30.9% | +140.3% |
| 1988 | 14.0% | -54.7% |
| 1989 | 14.8% | +5.5% |
| 1990 | 16.8% | +13.8% |
| 1991 | 18.7% | +11.4% |
| 1992 | 14.1% | -24.7% |
| 1993 | 8.6% | -38.8% |
| 1994 | 9.2% | +7.2% |
| 1995 | 8.2% | -10.8% |
| 1996 | 5.1% | -38.4% |
| 1997 | 4.9% | -3.6% |
| 1998 | 4.4% | -10.3% |
| 1999 | 3.9% | -11.6% |
| 2000 | 2.0% | -47.4% |
| 2001 | 1.7% | -16.3% |
| 2002 | 1.7% | -2.1% |
| 2003 | 1.4% | -16.1% |
| 2004 | 1.0% | -25.8% |
| 2005 | 0.8% | -27.1% |
| 2006 | 0.5% | -39.7% |
| 2007 | 0.2% | -63.7% |
| 2008 | 0.1% | -50.0% |
| 2009 | 0.1% | +0.4% |
| 2010 | 0.0% | -84.0% |
| 2011 | 0.0% | -28.0% |
| 2012 | 0.0% | -26.9% |
| 2013 | 0.0% | -22.1% |
| 2014 | 0.0% | -68.6% |
| 2015 | 0.0% | +107.5% |
| 2016 | 0.0% | +23.1% |
| 2017 | 0.0% | -76.4% |
| 2018 | 0.0% | -23.3% |
| 2019 | 0.6% | +77835.0% |
| 2020 | 0.3% | -43.4% |
| 2021 | 0.4% | +5.0% |
| 2022 | 0.5% | +23.9% |
| 2023 | 0.4% | -3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.4% | 8.0% | 19.5% | 8 |
| 1980s | 18.9% | 12.8% | 30.9% | 10 |
| 1990s | 9.4% | 3.9% | 18.7% | 10 |
| 2000s | 0.9% | 0.1% | 2.0% | 10 |
| 2010s | 0.1% | 0.0% | 0.6% | 10 |
| 2020s | 0.4% | 0.3% | 0.5% | 4 |
Countries ranked near Singapore
- 145 Micronesia, Federated States of 0.6% compare
- 146 Palau 0.5% compare
- 147 Marshall Islands 0.5% compare
- 149 Afghanistan 0.1% compare
- 150 Timor-Leste 0.1% compare
- 151 Kuwait 0.1% compare
More public sector data for Singapore
- Arms imports 348.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 57.65 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0006 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -27.95 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 348.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,495 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0263 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.2 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 15.06 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 672,702 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Singapore?
- Interest payments in Singapore was 0.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Singapore?
- The highest recorded value was 30.9% in 1987.
- What is the lowest interest payments recorded in Singapore?
- The lowest recorded value was 0.0% in 2018.
- How does Singapore rank for interest payments?
- Singapore ranks 148th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Singapore?
- Over the last ten years it is up 7,960.4%. 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 Interest payments (% of expense). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.