Net incurrence of liabilities, total (current LCU) in Singapore
Singapore: Net incurrence of liabilities, total (current LCU) was 66.75 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in Singapore, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net incurrence of liabilities, total in Singapore is 66.75 billion current LCU, measured in 2024.
The figure is down 24.0% on the previous year and up 355.6% over ten years.
Over the whole period, net incurrence of liabilities, total in Singapore peaked at 94.17 billion current LCU in 2019 and was at its lowest, -14.90 billion current LCU, in 2013.
Singapore ranks 62nd of 136 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.
Net incurrence of liabilities, total (current LCU) in Singapore, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 531.00 million current LCU | — |
| 1973 | 716.00 million current LCU | +34.8% |
| 1974 | 972.00 million current LCU | +35.8% |
| 1975 | 1.13 billion current LCU | +16.4% |
| 1976 | 1.88 billion current LCU | +66.6% |
| 1977 | 1.74 billion current LCU | -7.9% |
| 1978 | 1.78 billion current LCU | +2.3% |
| 1979 | 1.87 billion current LCU | +5.5% |
| 1980 | 2.60 billion current LCU | +38.5% |
| 1981 | 3.52 billion current LCU | +35.5% |
| 1982 | 3.79 billion current LCU | +7.8% |
| 1983 | 4.50 billion current LCU | +18.8% |
| 1984 | 3.38 billion current LCU | -24.8% |
| 1985 | 3.22 billion current LCU | -4.8% |
| 1986 | 1.52 billion current LCU | -52.7% |
| 1987 | 5.50 billion current LCU | +260.8% |
| 1988 | 2.63 billion current LCU | -52.2% |
| 1989 | 4.84 billion current LCU | +84.2% |
| 1990 | 8.59 billion current LCU | +77.6% |
| 1991 | 7.20 billion current LCU | -16.2% |
| 1992 | 7.10 billion current LCU | -1.3% |
| 1993 | 7.17 billion current LCU | +0.9% |
| 1994 | 3.15 billion current LCU | -56.1% |
| 1995 | 12.30 billion current LCU | +291.0% |
| 1996 | 10.68 billion current LCU | -13.2% |
| 1997 | 10.58 billion current LCU | -0.9% |
| 1998 | 26.09 billion current LCU | +146.6% |
| 1999 | 14.97 billion current LCU | -42.6% |
| 2000 | 12.74 billion current LCU | -14.9% |
| 2001 | 11.90 billion current LCU | -6.6% |
| 2002 | 10.32 billion current LCU | -13.2% |
| 2003 | 12.12 billion current LCU | +17.5% |
| 2004 | 16.78 billion current LCU | +38.4% |
| 2005 | 11.93 billion current LCU | -28.9% |
| 2006 | 8.96 billion current LCU | -24.9% |
| 2007 | 32.95 billion current LCU | +267.7% |
| 2008 | 20.42 billion current LCU | -38.0% |
| 2009 | 36.28 billion current LCU | +77.7% |
| 2010 | 31.33 billion current LCU | -13.6% |
| 2011 | 36.46 billion current LCU | +16.4% |
| 2012 | 29.46 billion current LCU | -19.2% |
| 2013 | -14.90 billion current LCU | -150.6% |
| 2014 | 14.65 billion current LCU | -198.3% |
| 2015 | 40.11 billion current LCU | +173.8% |
| 2016 | 43.20 billion current LCU | +7.7% |
| 2017 | 37.53 billion current LCU | -13.1% |
| 2018 | 44.82 billion current LCU | +19.4% |
| 2019 | 94.17 billion current LCU | +110.1% |
| 2020 | 73.63 billion current LCU | -21.8% |
| 2021 | 69.80 billion current LCU | -5.2% |
| 2022 | 14.50 billion current LCU | -79.2% |
| 2023 | 87.81 billion current LCU | +505.7% |
| 2024 | 66.75 billion current LCU | -24.0% |
Singapore compared with similar countries
- Singapore's 66.75 billion current LCU is above the median for high income countries, which is 9.91 billion current LCU, 6.7× the median. (41 countries reporting)
- Singapore's 66.75 billion current LCU is above the median for East Asia & Pacific, which is 3.15 billion current LCU, 21.2× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (current LCU) in Singapore changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +505.7% | 14.50 billion current LCU | 87.81 billion current LCU |
| 1995 | +291.0% | 3.15 billion current LCU | 12.30 billion current LCU |
| 2007 | +267.7% | 8.96 billion current LCU | 32.95 billion current LCU |
| 1987 | +260.8% | 1.52 billion current LCU | 5.50 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.33 billion current LCU | 531.00 million current LCU | 1.88 billion current LCU | 8 |
| 1980s | 3.55 billion current LCU | 1.52 billion current LCU | 5.50 billion current LCU | 10 |
| 1990s | 10.78 billion current LCU | 3.15 billion current LCU | 26.09 billion current LCU | 10 |
| 2000s | 17.44 billion current LCU | 8.96 billion current LCU | 36.28 billion current LCU | 10 |
| 2010s | 35.68 billion current LCU | -14.90 billion current LCU | 94.17 billion current LCU | 10 |
| 2020s | 62.50 billion current LCU | 14.50 billion current LCU | 87.81 billion current LCU | 5 |
Countries ranked near Singapore
More public sector data for Singapore
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- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, 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)
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- Arms imports (SIPRI trend indicator values), per capita 57.65 SIPRI trend indicator values per person (2024)
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Frequently asked questions
- What is net incurrence of liabilities, total in Singapore?
- Net incurrence of liabilities, total in Singapore was 66.75 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Singapore?
- The highest recorded value was 94.17 billion current LCU in 2019.
- What is the lowest net incurrence of liabilities, total recorded in Singapore?
- The lowest recorded value was -14.90 billion current LCU in 2013.
- How does Singapore rank for net incurrence of liabilities, total?
- Singapore ranks 62nd out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Singapore?
- Over the last ten years it is up 355.6%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.