Subsidies and other transfers (current LCU) in Singapore
Singapore: Subsidies and other transfers (current LCU) was 27.56 billion current LCU in 2024. ◆ Volatile
Subsidies and other transfers in Singapore, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Singapore recorded 27.56 billion current LCU for subsidies and other transfers in 2024. That is the highest value across all 35 years on record.
That represents a change of up 4.5% on the previous year and up 22,361.1% over ten years.
Over the whole period, subsidies and other transfers in Singapore peaked at 27.56 billion current LCU in 2024 and was at its lowest, 104.80 million current LCU, in 2011.
That places Singapore 100th out of 153 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Subsidies and other transfers (current LCU) in Singapore, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 2.82 billion current LCU | — |
| 1991 | 3.96 billion current LCU | +40.6% |
| 1992 | 4.01 billion current LCU | +1.4% |
| 1993 | 4.43 billion current LCU | +10.4% |
| 1994 | 1.19 billion current LCU | -73.2% |
| 1995 | 2.21 billion current LCU | +85.9% |
| 1996 | 8.39 billion current LCU | +279.8% |
| 1997 | 5.58 billion current LCU | -33.4% |
| 1998 | 7.28 billion current LCU | +30.4% |
| 1999 | 6.11 billion current LCU | -16.1% |
| 2000 | 9.31 billion current LCU | +52.4% |
| 2001 | 4.33 billion current LCU | -53.5% |
| 2002 | 3.91 billion current LCU | -9.7% |
| 2003 | 4.37 billion current LCU | +11.7% |
| 2004 | 4.25 billion current LCU | -2.7% |
| 2005 | 2.19 billion current LCU | -48.4% |
| 2006 | 1.92 billion current LCU | -12.3% |
| 2007 | 107.00 million current LCU | -94.4% |
| 2008 | 119.00 million current LCU | +11.2% |
| 2009 | 137.00 million current LCU | +15.1% |
| 2010 | 135.70 million current LCU | -0.9% |
| 2011 | 104.80 million current LCU | -22.8% |
| 2012 | 109.50 million current LCU | +4.5% |
| 2013 | 171.30 million current LCU | +56.4% |
| 2014 | 122.70 million current LCU | -28.4% |
| 2015 | 174.80 million current LCU | +42.5% |
| 2016 | 15.11 billion current LCU | +8542.6% |
| 2017 | 15.52 billion current LCU | +2.7% |
| 2018 | 16.35 billion current LCU | +5.4% |
| 2019 | 16.62 billion current LCU | +1.6% |
| 2020 | 25.84 billion current LCU | +55.5% |
| 2021 | 20.62 billion current LCU | -20.2% |
| 2022 | 23.52 billion current LCU | +14.1% |
| 2023 | 26.37 billion current LCU | +12.1% |
| 2024 | 27.56 billion current LCU | +4.5% |
Singapore compared with similar countries
- Singapore's 27.56 billion current LCU is below the median for high income countries, which is 61.98 billion current LCU, 44% of the median. (57 countries reporting)
- Singapore's 27.56 billion current LCU is above the median for East Asia & Pacific, which is 27.56 billion current LCU, 1.0× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Subsidies and other transfers (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 |
|---|---|---|---|
| 2016 | +8542.6% | 174.80 million current LCU | 15.11 billion current LCU |
| 1996 | +279.8% | 2.21 billion current LCU | 8.39 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.60 billion current LCU | 1.19 billion current LCU | 8.39 billion current LCU | 10 |
| 2000s | 3.06 billion current LCU | 107.00 million current LCU | 9.31 billion current LCU | 10 |
| 2010s | 6.44 billion current LCU | 104.80 million current LCU | 16.62 billion current LCU | 10 |
| 2020s | 24.78 billion current LCU | 20.62 billion current LCU | 27.56 billion current LCU | 5 |
Countries ranked near Singapore
More public sector data for Singapore
- Democracy, 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)
- 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 57.00 million SIPRI trend indicator values (2025)
- 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)
Frequently asked questions
- What is subsidies and other transfers in Singapore?
- Subsidies and other transfers in Singapore was 27.56 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Singapore?
- The highest recorded value was 27.56 billion current LCU in 2024.
- What is the lowest subsidies and other transfers recorded in Singapore?
- The lowest recorded value was 104.80 million current LCU in 2011.
- How does Singapore rank for subsidies and other transfers?
- Singapore ranks 100th out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Singapore?
- Over the last ten years it is up 22,361.1%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.