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Singapore Tax revenue (% of GDP) 2026: Interactive Chart & Historical Data

Tax revenue (% of GDP) in Singapore stood at 13.56% in 2024, according to World Bank. The latest value is down 0.18 percentage points from 13.74% in 2023. Ten years earlier, in 2014, the value was 13.56% (almost unchanged since). The highest value since 1972 was 18.92% in 1982, the lowest 11.58% in 2005. Singapore ranked 82nd highest of the 111 countries in this dataset in 2023; Lesotho ranked first.

Data source: World Bank · Unit: % · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1972–2024
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What is Tax revenue (% of GDP)?

Tax revenue (% of GDP), measured in %, measures the total economic output of Singapore. It represents the broadest indicator of economic activity, capturing production, income, and expenditure across all sectors — from manufacturing and services to agriculture and government. GDP can be calculated three ways: by adding up all expenditures (consumption + investment + government spending + net exports), by summing all incomes earned, or by totaling value added at each production stage. In Singapore, the statistical agency compiles GDP data through comprehensive surveys of businesses, government records, and household expenditure patterns. While GDP per capita provides insight into average living standards, it does not capture income distribution, environmental costs, or unpaid work like caregiving. Nevertheless, GDP growth remains the most widely followed metric for assessing whether an economy is expanding or contracting.

Key facts

What is the latest Tax revenue (% of GDP) in Singapore?

Tax revenue (% of GDP) in Singapore stood at 13.56% in 2024, according to World Bank.

Is Tax revenue (% of GDP) in Singapore rising or falling?

The latest value is down 0.18 percentage points from 13.74% in 2023. Ten years earlier, in 2014, the value was 13.56% (almost unchanged since).

How does Singapore rank for Tax revenue (% of GDP)?

Singapore ranked 82nd highest of the 111 countries in this dataset in 2023; Lesotho ranked first.

What is the highest Tax revenue (% of GDP) on record in Singapore?

The highest value since 1972 was 18.92% in 1982, the lowest 11.58% in 2005.

Metadata for Tax revenue (% of GDP) in Singapore
IndicatorTax revenue (% of GDP)
CountrySingapore
CategoryMacroeconomics
Unit%
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Latest value: 13.56% (2024)

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Source:World Bank — series GC.TAX.TOTL.GD.ZS
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). Tax revenue (% of GDP) — Singapore [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-gc-tax-totl-gd-zs/SGP. Original source: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS

MLA

World Bank. "Tax revenue (% of GDP) — Singapore." EconDash, 2026, https://econdash.org/chart/wdi-gc-tax-totl-gd-zs/SGP. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS.

Chicago

World Bank. 2026. "Tax revenue (% of GDP) — Singapore." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-gc-tax-totl-gd-zs/SGP. Original source: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS.

BibTeX
@misc{econdash_wdi_gc_tax_totl_gd_zs_sgp,
  author = {{World Bank}},
  title = {{Tax revenue (\% of GDP) --- Singapore}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/wdi-gc-tax-totl-gd-zs/SGP},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS}
}