Tax revenue in Singapore
Singapore: Tax revenue was 13.6% in 2024. ▼ Falling
Tax revenue in Singapore, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, tax revenue in Singapore stood at 13.6%.
That represents a change of down 1.3% on the previous year and up 0.0% over ten years.
Over the whole period, tax revenue in Singapore peaked at 18.9% in 1982 and was at its lowest, 11.6%, in 2005.
That places Singapore 101st out of 157 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 53 years of available data.
Tax revenue in Singapore, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 14.6% | — |
| 1973 | 14.8% | +1.6% |
| 1974 | 15.1% | +1.9% |
| 1975 | 16.6% | +10.0% |
| 1976 | 16.0% | -3.5% |
| 1977 | 16.7% | +4.6% |
| 1978 | 15.9% | -4.7% |
| 1979 | 16.0% | +0.7% |
| 1980 | 17.0% | +5.9% |
| 1981 | 17.9% | +5.2% |
| 1982 | 18.9% | +5.8% |
| 1983 | 18.8% | -0.8% |
| 1984 | 17.7% | -5.8% |
| 1985 | 15.7% | -11.3% |
| 1986 | 12.7% | -18.7% |
| 1987 | 13.1% | +2.7% |
| 1988 | 14.1% | +7.6% |
| 1989 | 15.7% | +11.5% |
| 1990 | 14.5% | -7.3% |
| 1991 | 15.2% | +4.4% |
| 1992 | 16.1% | +6.1% |
| 1993 | 16.3% | +1.2% |
| 1994 | 16.6% | +2.0% |
| 1995 | 15.8% | -5.1% |
| 1996 | 15.9% | +0.8% |
| 1997 | 15.3% | -3.7% |
| 1998 | 14.0% | -8.4% |
| 1999 | 14.5% | +3.6% |
| 2000 | 14.9% | +2.2% |
| 2001 | 14.6% | -1.8% |
| 2002 | 12.7% | -13.0% |
| 2003 | 12.4% | -1.9% |
| 2004 | 11.6% | -6.8% |
| 2005 | 11.6% | -0.2% |
| 2006 | 11.8% | +2.2% |
| 2007 | 12.8% | +8.4% |
| 2008 | 13.8% | +7.3% |
| 2009 | 13.0% | -5.8% |
| 2010 | 12.8% | -1.3% |
| 2011 | 13.1% | +2.5% |
| 2012 | 13.6% | +3.6% |
| 2013 | 13.3% | -2.3% |
| 2014 | 13.6% | +2.2% |
| 2015 | 13.1% | -3.1% |
| 2016 | 13.2% | +0.7% |
| 2017 | 13.9% | +5.2% |
| 2018 | 13.0% | -6.8% |
| 2019 | 13.2% | +1.4% |
| 2020 | 12.7% | -3.7% |
| 2021 | 12.6% | -0.5% |
| 2022 | 11.7% | -7.5% |
| 2023 | 13.7% | +17.8% |
| 2024 | 13.6% | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.7% | 14.6% | 16.7% | 8 |
| 1980s | 16.1% | 12.7% | 18.9% | 10 |
| 1990s | 15.4% | 14.0% | 16.6% | 10 |
| 2000s | 12.9% | 11.6% | 14.9% | 10 |
| 2010s | 13.3% | 12.8% | 13.9% | 10 |
| 2020s | 12.8% | 11.7% | 13.7% | 5 |
Countries ranked near Singapore
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 tax revenue in Singapore?
- Tax revenue in Singapore was 13.6% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Singapore?
- The highest recorded value was 18.9% in 1982.
- What is the lowest tax revenue recorded in Singapore?
- The lowest recorded value was 11.6% in 2005.
- How does Singapore rank for tax revenue?
- Singapore ranks 101st out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Singapore?
- Over the last ten years it is up 0.0%. The long-run trend across the full record is falling.
- 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.