Tax revenue in Singapore
Singapore: Tax revenue was 103.80 billion current LCU in 2024. ◆ Volatile
Tax revenue 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 tax revenue in Singapore is 103.80 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 10.1% on the previous year and up 91.9% over ten years.
Over the whole period, tax revenue in Singapore peaked at 103.80 billion current LCU in 2024 and was at its lowest, 1.21 billion current LCU, in 1972.
That places Singapore 93rd out of 157 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.30 billion current LCU | 1.21 billion current LCU | 3.39 billion current LCU | 8 |
| 1980s | 6.55 billion current LCU | 4.40 billion current LCU | 9.62 billion current LCU | 10 |
| 1990s | 17.59 billion current LCU | 10.25 billion current LCU | 22.76 billion current LCU | 10 |
| 2000s | 27.46 billion current LCU | 21.02 billion current LCU | 37.68 billion current LCU | 10 |
| 2010s | 55.75 billion current LCU | 41.81 billion current LCU | 67.62 billion current LCU | 10 |
| 2020s | 83.38 billion current LCU | 61.39 billion current LCU | 103.80 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 tax revenue in Singapore?
- Tax revenue in Singapore was 103.80 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Singapore?
- The highest recorded value was 103.80 billion current LCU in 2024.
- What is the lowest tax revenue recorded in Singapore?
- The lowest recorded value was 1.21 billion current LCU in 1972.
- How does Singapore rank for tax revenue?
- Singapore ranks 93rd out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Singapore?
- Over the last ten years it is up 91.9%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.