Interest payments in Singapore
Singapore: Interest payments was 0.5% in 2024. ◆ Volatile
Interest payments in Singapore, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, interest payments in Singapore stood at 0.5%.
That represents a change of up 13.3% on the previous year and up 37,746.0% over ten years.
Over the whole period, interest payments in Singapore peaked at 29.3% in 1987 and was at its lowest, 0.0%, in 2018.
Singapore ranks 150th of 155 countries on this measure, 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 revenue | Change |
|---|---|---|
| 1972 | 5.6% | — |
| 1973 | 7.0% | +25.3% |
| 1974 | 6.9% | -2.4% |
| 1975 | 6.9% | +0.7% |
| 1976 | 9.4% | +35.2% |
| 1977 | 11.1% | +18.5% |
| 1978 | 12.7% | +14.7% |
| 1979 | 13.0% | +2.2% |
| 1980 | 11.6% | -10.7% |
| 1981 | 9.9% | -15.1% |
| 1982 | 10.4% | +5.4% |
| 1983 | 14.7% | +41.3% |
| 1984 | 16.5% | +12.5% |
| 1985 | 11.1% | -32.7% |
| 1986 | 11.4% | +2.7% |
| 1987 | 29.3% | +156.5% |
| 1988 | 10.2% | -65.1% |
| 1989 | 10.1% | -1.2% |
| 1990 | 11.3% | +11.8% |
| 1991 | 13.2% | +16.7% |
| 1992 | 8.8% | -33.6% |
| 1993 | 4.4% | -50.0% |
| 1994 | 3.9% | -11.4% |
| 1995 | 3.8% | -1.1% |
| 1996 | 2.9% | -23.5% |
| 1997 | 2.5% | -15.3% |
| 1998 | 2.6% | +3.1% |
| 1999 | 2.1% | -19.0% |
| 2000 | 1.2% | -39.9% |
| 2001 | 1.3% | +2.0% |
| 2002 | 1.3% | -0.0% |
| 2003 | 1.1% | -9.7% |
| 2004 | 0.8% | -30.7% |
| 2005 | 0.5% | -34.1% |
| 2006 | 0.3% | -36.5% |
| 2007 | 0.1% | -68.6% |
| 2008 | 0.1% | -43.7% |
| 2009 | 0.1% | +18.5% |
| 2010 | 0.0% | -85.9% |
| 2011 | 0.0% | -27.0% |
| 2012 | 0.0% | -30.9% |
| 2013 | 0.0% | -21.1% |
| 2014 | 0.0% | -68.1% |
| 2015 | 0.0% | +151.6% |
| 2016 | 0.0% | +8.8% |
| 2017 | 0.0% | -78.6% |
| 2018 | 0.0% | -12.6% |
| 2019 | 0.4% | +65189.7% |
| 2020 | 0.5% | +19.1% |
| 2021 | 0.3% | -30.0% |
| 2022 | 0.4% | +21.6% |
| 2023 | 0.4% | -1.3% |
| 2024 | 0.5% | +13.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.1% | 5.6% | 13.0% | 8 |
| 1980s | 13.5% | 9.9% | 29.3% | 10 |
| 1990s | 5.5% | 2.1% | 13.2% | 10 |
| 2000s | 0.7% | 0.1% | 1.3% | 10 |
| 2010s | 0.0% | 0.0% | 0.4% | 10 |
| 2020s | 0.4% | 0.3% | 0.5% | 5 |
Countries ranked near Singapore
- 147 Palau 0.6% compare
- 148 Iran 0.6% compare
- 149 Democratic Republic of Congo 0.5% compare
- 151 Marshall Islands 0.4% compare
- 152 Micronesia (country) 0.4% compare
- 153 East Timor 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 0.5% in 2024, 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 29.3% 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 150th out of 155 countries with data for 2024.
- Is interest payments rising or falling in Singapore?
- Over the last ten years it is up 37,746.0%. 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 revenue). 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 a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.