Taxes on goods and services (current LCU), annual growth rate in Singapore
Singapore: Taxes on goods and services (current LCU), annual growth rate was 15.42 % change on previous year in 2024. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Singapore, 1973–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Singapore recorded 15.42 % change on previous year for taxes on goods and services (current lcu), annual growth rate in 2024.
The figure is up 26.2% on the previous year and up 100.1% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Singapore peaked at 44.1 % change on previous year in 1988 and was at its lowest, -14.19 % change on previous year, in 1998.
That places Singapore 52nd out of 156 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.
Taxes on goods and services (current LCU), annual growth rate in Singapore, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1973 | 21.04 % change on previous year | — |
| 1974 | 11.5 % change on previous year | -45.3% |
| 1975 | 9.59 % change on previous year | -16.6% |
| 1976 | 7.44 % change on previous year | -22.4% |
| 1977 | 21.79 % change on previous year | +192.9% |
| 1978 | 11.04 % change on previous year | -49.4% |
| 1979 | 23.95 % change on previous year | +117.0% |
| 1980 | 22.11 % change on previous year | -7.6% |
| 1981 | 7.26 % change on previous year | -67.2% |
| 1982 | 19.39 % change on previous year | +166.9% |
| 1983 | 13.75 % change on previous year | -29.1% |
| 1984 | 9.22 % change on previous year | -33.0% |
| 1985 | -7.19 % change on previous year | -178.0% |
| 1986 | -2.63 % change on previous year | -63.5% |
| 1987 | 29.62 % change on previous year | -1227.1% |
| 1988 | 44.1 % change on previous year | +48.9% |
| 1989 | 14.04 % change on previous year | -68.2% |
| 1990 | -7.12 % change on previous year | -150.7% |
| 1991 | 12.8 % change on previous year | -279.9% |
| 1992 | 10.67 % change on previous year | -16.7% |
| 1993 | 19.84 % change on previous year | +86.0% |
| 1994 | 37.95 % change on previous year | +91.3% |
| 1995 | 9.32 % change on previous year | -75.4% |
| 1996 | -0.062 % change on previous year | -100.7% |
| 1997 | 3.88 % change on previous year | -6353.9% |
| 1998 | -14.19 % change on previous year | -465.8% |
| 1999 | 14.78 % change on previous year | -204.1% |
| 2000 | 16.38 % change on previous year | +10.8% |
| 2001 | -6.02 % change on previous year | -136.8% |
| 2002 | -9.86 % change on previous year | +63.8% |
| 2003 | 25.79 % change on previous year | -361.7% |
| 2004 | 5.51 % change on previous year | -78.6% |
| 2005 | 4.87 % change on previous year | -11.7% |
| 2006 | 3.71 % change on previous year | -23.7% |
| 2007 | 30.07 % change on previous year | +709.8% |
| 2008 | -0.4096 % change on previous year | -101.4% |
| 2009 | 3.82 % change on previous year | -1031.8% |
| 2010 | 13.9 % change on previous year | +264.1% |
| 2011 | 5.13 % change on previous year | -63.1% |
| 2012 | 1.16 % change on previous year | -77.5% |
| 2013 | 2.93 % change on previous year | +153.7% |
| 2014 | 7.71 % change on previous year | +163.0% |
| 2015 | 4.18 % change on previous year | -45.8% |
| 2016 | 5.56 % change on previous year | +33.1% |
| 2017 | 1.58 % change on previous year | -71.6% |
| 2018 | 2.99 % change on previous year | +89.4% |
| 2019 | -0.1713 % change on previous year | -105.7% |
| 2020 | -8.65 % change on previous year | +4949.7% |
| 2021 | 17.62 % change on previous year | -303.8% |
| 2022 | 7.49 % change on previous year | -57.5% |
| 2023 | 12.22 % change on previous year | +63.2% |
| 2024 | 15.42 % change on previous year | +26.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.19 % change on previous year | 7.44 % change on previous year | 23.95 % change on previous year | 7 |
| 1980s | 14.97 % change on previous year | -7.19 % change on previous year | 44.1 % change on previous year | 10 |
| 1990s | 8.79 % change on previous year | -14.19 % change on previous year | 37.95 % change on previous year | 10 |
| 2000s | 7.39 % change on previous year | -9.86 % change on previous year | 30.07 % change on previous year | 10 |
| 2010s | 4.5 % change on previous year | -0.1713 % change on previous year | 13.9 % change on previous year | 10 |
| 2020s | 8.82 % change on previous year | -8.65 % change on previous year | 17.62 % change on previous year | 5 |
Countries ranked near Singapore
- 49 Uzbekistan 15.92 % change on previous year compare
- 50 Israel 15.74 % change on previous year compare
- 51 Poland 15.47 % change on previous year compare
- 53 Paraguay 14.9 % change on previous year compare
- 54 Georgia 14.75 % change on previous year compare
- 55 Bosnia and Herzegovina 14.64 % change on previous year 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 taxes on goods and services (current lcu), annual growth rate in Singapore?
- Taxes on goods and services (current lcu), annual growth rate in Singapore was 15.42 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Singapore?
- The highest recorded value was 44.1 % change on previous year in 1988.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Singapore?
- The lowest recorded value was -14.19 % change on previous year in 1998.
- How does Singapore rank for taxes on goods and services (current lcu), annual growth rate?
- Singapore ranks 52nd out of 156 countries with data for 2024.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Singapore?
- Over the last ten years it is up 100.1%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.