Taxes on income, profits and capital gains in Singapore
Singapore: Taxes on income, profits and capital gains was 52.92 billion current LCU in 2024. ◆ Volatile
Latest (2024)
52.92 billion current LCU
Change on year
up 7.1%
World rank
87th
of 153 countries
All-time high
52.92 billion current LCU
in 2024
All-time low
430.00 million current LCU
in 1972
Years of data
53
1972–2024
Taxes on income, profits and capital gains in Singapore, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Singapore recorded 52.92 billion current LCU for taxes on income, profits and capital gains in 2024. That is the highest value across all 53 years on record.
That represents a change of up 7.1% on the previous year and up 121.3% over ten years.
Over the whole period, taxes on income, profits and capital gains in Singapore peaked at 52.92 billion current LCU in 2024 and was at its lowest, 430.00 million current LCU, in 1972.
Singapore ranks 87th of 153 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.
Taxes on income, profits and capital gains in Singapore, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 430.00 million current LCU | — |
| 1973 | 586.00 million current LCU | +36.3% |
| 1974 | 895.00 million current LCU | +52.7% |
| 1975 | 1.16 billion current LCU | +29.7% |
| 1976 | 1.14 billion current LCU | -1.6% |
| 1977 | 1.32 billion current LCU | +15.5% |
| 1978 | 1.30 billion current LCU | -1.4% |
| 1979 | 1.42 billion current LCU | +8.8% |
| 1980 | 2.07 billion current LCU | +46.1% |
| 1981 | 2.73 billion current LCU | +32.1% |
| 1982 | 3.33 billion current LCU | +21.8% |
| 1983 | 3.56 billion current LCU | +7.1% |
| 1984 | 3.45 billion current LCU | -3.1% |
| 1985 | 2.90 billion current LCU | -15.9% |
| 1986 | 2.18 billion current LCU | -25.0% |
| 1987 | 2.47 billion current LCU | +13.6% |
| 1988 | 2.90 billion current LCU | +17.1% |
| 1989 | 3.82 billion current LCU | +31.8% |
| 1990 | 4.58 billion current LCU | +19.8% |
| 1991 | 5.37 billion current LCU | +17.3% |
| 1992 | 6.43 billion current LCU | +19.8% |
| 1993 | 7.29 billion current LCU | +13.4% |
| 1994 | 7.75 billion current LCU | +6.2% |
| 1995 | 8.14 billion current LCU | +5.1% |
| 1996 | 9.07 billion current LCU | +11.4% |
| 1997 | 9.49 billion current LCU | +4.6% |
| 1998 | 9.53 billion current LCU | +0.4% |
| 1999 | 10.07 billion current LCU | +5.7% |
| 2000 | 12.35 billion current LCU | +22.6% |
| 2001 | 12.37 billion current LCU | +0.2% |
| 2002 | 10.87 billion current LCU | -12.1% |
| 2003 | 9.78 billion current LCU | -10.0% |
| 2004 | 10.06 billion current LCU | +2.9% |
| 2005 | 11.66 billion current LCU | +15.9% |
| 2006 | 13.18 billion current LCU | +13.0% |
| 2007 | 14.94 billion current LCU | +13.3% |
| 2008 | 19.26 billion current LCU | +28.9% |
| 2009 | 17.18 billion current LCU | -10.8% |
| 2010 | 18.65 billion current LCU | +8.5% |
| 2011 | 20.55 billion current LCU | +10.2% |
| 2012 | 22.37 billion current LCU | +8.9% |
| 2013 | 21.98 billion current LCU | -1.8% |
| 2014 | 23.91 billion current LCU | +8.8% |
| 2015 | 24.88 billion current LCU | +4.1% |
| 2016 | 26.34 billion current LCU | +5.9% |
| 2017 | 32.02 billion current LCU | +21.5% |
| 2018 | 30.77 billion current LCU | -3.9% |
| 2019 | 32.51 billion current LCU | +5.7% |
| 2020 | 32.98 billion current LCU | +1.5% |
| 2021 | 37.10 billion current LCU | +12.5% |
| 2022 | 42.14 billion current LCU | +13.6% |
| 2023 | 49.41 billion current LCU | +17.2% |
| 2024 | 52.92 billion current LCU | +7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.03 billion current LCU | 430.00 million current LCU | 1.42 billion current LCU | 8 |
| 1980s | 2.94 billion current LCU | 2.07 billion current LCU | 3.82 billion current LCU | 10 |
| 1990s | 7.77 billion current LCU | 4.58 billion current LCU | 10.07 billion current LCU | 10 |
| 2000s | 13.17 billion current LCU | 9.78 billion current LCU | 19.26 billion current LCU | 10 |
| 2010s | 25.40 billion current LCU | 18.65 billion current LCU | 32.51 billion current LCU | 10 |
| 2020s | 42.91 billion current LCU | 32.98 billion current LCU | 52.92 billion current LCU | 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 taxes on income, profits and capital gains in Singapore?
- Taxes on income, profits and capital gains in Singapore was 52.92 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Singapore?
- The highest recorded value was 52.92 billion current LCU in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Singapore?
- The lowest recorded value was 430.00 million current LCU in 1972.
- How does Singapore rank for taxes on income, profits and capital gains?
- Singapore ranks 87th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Singapore?
- Over the last ten years it is up 121.3%. 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 Taxes on income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.