Goods and services expense in Singapore
Singapore: Goods and services expense was 34.23 billion current LCU in 2024. ◆ Volatile
Goods and services expense in Singapore, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Singapore is 34.23 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
That represents a change of up 4.6% on the previous year and up 99.6% over ten years.
Over the whole period, goods and services expense in Singapore peaked at 34.23 billion current LCU in 2024 and was at its lowest, 396.00 million current LCU, in 1972.
Singapore ranks 78th of 155 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 771.25 million current LCU | 396.00 million current LCU | 1.13 billion current LCU | 8 |
| 1980s | 2.16 billion current LCU | 1.43 billion current LCU | 2.65 billion current LCU | 10 |
| 1990s | 5.31 billion current LCU | 3.41 billion current LCU | 7.66 billion current LCU | 10 |
| 2000s | 11.20 billion current LCU | 8.56 billion current LCU | 15.79 billion current LCU | 10 |
| 2010s | 18.99 billion current LCU | 14.51 billion current LCU | 25.21 billion current LCU | 10 |
| 2020s | 31.87 billion current LCU | 29.35 billion current LCU | 34.23 billion current LCU | 5 |
Countries ranked near Singapore
More public sector data for Singapore
- Arms imports 348.00 million SIPRI trend indicator values (2024)
- Tax revenue 13.6% (2024)
- Taxes on income, profits and capital gains 39.0% (2024)
- Taxes on goods and services 21.5% (2024)
- Net investment in nonfinancial assets -1.0% (2024)
- Net lending (+) / net borrowing (-) 3.4% (2024)
- Interest payments 0.5% (2024)
- Grants and other revenue 23.5% (2024)
- Interest payments 0.4% (2023)
- Other taxes 16.0% (2024)
Frequently asked questions
- What is goods and services expense in Singapore?
- Goods and services expense in Singapore was 34.23 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Singapore?
- The highest recorded value was 34.23 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Singapore?
- The lowest recorded value was 396.00 million current LCU in 1972.
- How does Singapore rank for goods and services expense?
- Singapore ranks 78th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Singapore?
- Over the last ten years it is up 99.6%. 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 Goods and services expense (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
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.