Taxes on goods and services (current LCU), per unit of GDP in Singapore
Singapore: Taxes on goods and services (current LCU), per unit of GDP was 0.0508 current LCU per US$ of GDP in 2024. ▼ Falling
Taxes on goods and services (current LCU), per unit of GDP in Singapore, 1972–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes on goods and services (current lcu), per unit of gdp in Singapore is 0.0508 current LCU per US$ of GDP, measured in 2024.
Compared with earlier readings it is up 3.0% on the previous year and down 5.6% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Singapore peaked at 0.1135 current LCU per US$ of GDP in 1972 and was at its lowest, 0.0437 current LCU per US$ of GDP, in 2022.
Singapore ranks 147th of 157 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 53 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Singapore, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1972 | 0.1135 current LCU per US$ of GDP | — |
| 1973 | 0.1012 current LCU per US$ of GDP | -10.9% |
| 1974 | 0.0799 current LCU per US$ of GDP | -21.1% |
| 1975 | 0.0811 current LCU per US$ of GDP | +1.6% |
| 1976 | 0.0776 current LCU per US$ of GDP | -4.3% |
| 1977 | 0.0904 current LCU per US$ of GDP | +16.4% |
| 1978 | 0.0883 current LCU per US$ of GDP | -2.2% |
| 1979 | 0.0885 current LCU per US$ of GDP | +0.2% |
| 1980 | 0.0845 current LCU per US$ of GDP | -4.6% |
| 1981 | 0.076 current LCU per US$ of GDP | -10.0% |
| 1982 | 0.08 current LCU per US$ of GDP | +5.2% |
| 1983 | 0.0823 current LCU per US$ of GDP | +2.9% |
| 1984 | 0.081 current LCU per US$ of GDP | -1.6% |
| 1985 | 0.0775 current LCU per US$ of GDP | -4.3% |
| 1986 | 0.0777 current LCU per US$ of GDP | +0.4% |
| 1987 | 0.0895 current LCU per US$ of GDP | +15.2% |
| 1988 | 0.1064 current LCU per US$ of GDP | +18.8% |
| 1989 | 0.101 current LCU per US$ of GDP | -5.0% |
| 1990 | 0.0791 current LCU per US$ of GDP | -21.7% |
| 1991 | 0.0709 current LCU per US$ of GDP | -10.3% |
| 1992 | 0.0685 current LCU per US$ of GDP | -3.5% |
| 1993 | 0.0706 current LCU per US$ of GDP | +3.1% |
| 1994 | 0.0801 current LCU per US$ of GDP | +13.5% |
| 1995 | 0.0735 current LCU per US$ of GDP | -8.3% |
| 1996 | 0.0669 current LCU per US$ of GDP | -8.9% |
| 1997 | 0.0669 current LCU per US$ of GDP | -0.1% |
| 1998 | 0.067 current LCU per US$ of GDP | +0.2% |
| 1999 | 0.0764 current LCU per US$ of GDP | +14.0% |
| 2000 | 0.0799 current LCU per US$ of GDP | +4.5% |
| 2001 | 0.0803 current LCU per US$ of GDP | +0.6% |
| 2002 | 0.0703 current LCU per US$ of GDP | -12.5% |
| 2003 | 0.0838 current LCU per US$ of GDP | +19.2% |
| 2004 | 0.075 current LCU per US$ of GDP | -10.4% |
| 2005 | 0.0708 current LCU per US$ of GDP | -5.6% |
| 2006 | 0.0632 current LCU per US$ of GDP | -10.8% |
| 2007 | 0.0675 current LCU per US$ of GDP | +6.8% |
| 2008 | 0.0628 current LCU per US$ of GDP | -6.9% |
| 2009 | 0.065 current LCU per US$ of GDP | +3.5% |
| 2010 | 0.0599 current LCU per US$ of GDP | -7.8% |
| 2011 | 0.0541 current LCU per US$ of GDP | -9.8% |
| 2012 | 0.0518 current LCU per US$ of GDP | -4.2% |
| 2013 | 0.0512 current LCU per US$ of GDP | -1.2% |
| 2014 | 0.0538 current LCU per US$ of GDP | +5.2% |
| 2015 | 0.0573 current LCU per US$ of GDP | +6.5% |
| 2016 | 0.0581 current LCU per US$ of GDP | +1.4% |
| 2017 | 0.0549 current LCU per US$ of GDP | -5.5% |
| 2018 | 0.0516 current LCU per US$ of GDP | -6.1% |
| 2019 | 0.0517 current LCU per US$ of GDP | +0.1% |
| 2020 | 0.0506 current LCU per US$ of GDP | -2.0% |
| 2021 | 0.0474 current LCU per US$ of GDP | -6.3% |
| 2022 | 0.0437 current LCU per US$ of GDP | -7.8% |
| 2023 | 0.0494 current LCU per US$ of GDP | +12.9% |
| 2024 | 0.0508 current LCU per US$ of GDP | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0901 current LCU per US$ of GDP | 0.0776 current LCU per US$ of GDP | 0.1135 current LCU per US$ of GDP | 8 |
| 1980s | 0.0856 current LCU per US$ of GDP | 0.076 current LCU per US$ of GDP | 0.1064 current LCU per US$ of GDP | 10 |
| 1990s | 0.072 current LCU per US$ of GDP | 0.0669 current LCU per US$ of GDP | 0.0801 current LCU per US$ of GDP | 10 |
| 2000s | 0.0718 current LCU per US$ of GDP | 0.0628 current LCU per US$ of GDP | 0.0838 current LCU per US$ of GDP | 10 |
| 2010s | 0.0544 current LCU per US$ of GDP | 0.0512 current LCU per US$ of GDP | 0.0599 current LCU per US$ of GDP | 10 |
| 2020s | 0.0484 current LCU per US$ of GDP | 0.0437 current LCU per US$ of GDP | 0.0508 current LCU per US$ of GDP | 5 |
Countries ranked near Singapore
- 144 Germany 0.0551 current LCU per US$ of GDP compare
- 145 Ireland 0.0544 current LCU per US$ of GDP compare
- 146 Naoero 0.0532 current LCU per US$ of GDP compare
- 148 Switzerland 0.0445 current LCU per US$ of GDP compare
- 149 Canada 0.0378 current LCU per US$ of GDP compare
- 150 Panama 0.0351 current LCU per US$ of GDP 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), per unit of gdp in Singapore?
- Taxes on goods and services (current lcu), per unit of gdp in Singapore was 0.0508 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Singapore?
- The highest recorded value was 0.1135 current LCU per US$ of GDP in 1972.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Singapore?
- The lowest recorded value was 0.0437 current LCU per US$ of GDP in 2022.
- How does Singapore rank for taxes on goods and services (current lcu), per unit of gdp?
- Singapore ranks 147th out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Singapore?
- Over the last ten years it is down 5.6%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.