Singapore Tax Revenue to GDP
13.6%▼ −0.18 pt
Dec 2024 · Annual
Singapore's tax revenue as a share of GDP fell to 13.56% in 2024 from 13.74% in 2023. The reading remains above the all-time low of 11.58% recorded in 2005, but below the series high of 18.92% from 1982. Data are available from 1972.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 13.6% | 13.7% | 18.9%Dec 1982 | 11.6%Dec 2005 | 1972 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Government Budget | 4.2% | 3.8% | 8.0% | -6.7% | Dec 2025 | Annual |
| Government Debt to GDP | 171.3% | 166.0% | 171.3% | 69.8% | Dec 2025 | Annual |
About this series
Tax Revenue to GDP in Singapore averaged 13.7% from 1972 until 2024, reaching an all-time high of 18.9% in Dec 1982 and a record low of 11.6% in Dec 2005. The series is reported yearly with history from 1972.
Tax revenue as a percentage of GDP measures the share of a country's economic output collected by the government through taxes, excluding social contributions. It is expressed as a ratio, compiled annually, and tracked by Singapore since 1972.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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