Singapore Consolidated Fiscal Balance: % of GDP

2012 - 2023 | Quarterly | % | CEIC Data

Key information about Singapore Consolidated Fiscal Balance: % of GDP

  • Singapore Consolidated Fiscal Balance registered a surplus equal to 0.8 % of its Nominal GDP in Jun 2023, compared with a surplus equal to 0.6 % in the previous quarter
  • Singapore Consolidated Fiscal Balance to GDP data is updated quarterly, available from Mar 2012 to Jun 2023, with an average ratio of 4.7 %
  • The data reached an all-time high of 8.0 % in Sep 2013 and a record low of -8.0 % in Mar 2021
CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Singapore Department of Statistics provides Consolidated Fiscal Balance in local currency and Nominal GDP in local currency.


Further information about Singapore Consolidated Fiscal Balance: % of GDP

  • In the latest reports, Singapore National Government Debt reached 815.2 USD bn in Jun 2023
  • Singapore Nominal GDP reached 120.6 USD bn in Mar 2023

View Singapore's Consolidated Fiscal Balance: % of GDP from Mar 2012 to Jun 2023 in the chart:

Singapore Consolidated Fiscal Balance: % of GDP

What was Singapore's Consolidated Fiscal Balance: % of GDP in Jun 2023?

Singapore Consolidated Fiscal Balance registered a surplus equal to 0.8 % of its Nominal GDP in Jun 2023, compared with a surplus equal to 0.6 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
0.8 Jun 2023 0.6 Mar 2023 -8.0 Mar 2021 8.0 Sep 2013 % quarterly Mar 2012 - Jun 2023

Consolidated Fiscal Balance: % of GDP by Country Comparison

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Includes Consolidated Fiscal Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -3.7 2022 yearly 1997 - 2022
Algeria (%) -7.3 2021 yearly 1994 - 2021
Argentina (%) -4.2 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) -1.8 Mar 2023 quarterly Dec 2002 - Mar 2023
Australia (%) -0.9 Jun 2023 quarterly Jun 2003 - Jun 2023
Austria (%) -3.4 Mar 2023 quarterly Dec 2001 - Mar 2023
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -7.0 2021 yearly 1998 - 2021
Bangladesh (%) -5.1 2022 yearly 2006 - 2022
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -3.9 2022 yearly 1970 - 2022
Bolivia (%) -8.5 2021 yearly 1990 - 2021
Bosnia and Herzegovina (%) 5.0 Dec 2022 quarterly Dec 2008 - Dec 2022
Botswana (%) 0.8 Mar 2023 quarterly Mar 2004 - Mar 2023
Brazil (%) -5.1 Jun 2023 quarterly Dec 1997 - Jun 2023
Brunei (%) 1.3 2022 yearly 2010 - 2022
Bulgaria (%) -1.3 Jun 2023 quarterly Sep 2003 - Jun 2023
Cambodia (%) -0.2 2022 yearly 2007 - 2022
Canada (%) -1.7 Jun 2023 quarterly Jun 1993 - Jun 2023
Chile (%) 1.4 2022 yearly 1990 - 2022
China (%) -3.9 Jun 2023 quarterly Dec 1995 - Jun 2023
Colombia (%) -2.6 Dec 2022 quarterly Dec 2000 - Dec 2022
Croatia (%) -2.6 2021 yearly 2002 - 2021
Cyprus (%) 2.4 Mar 2023 quarterly Dec 1995 - Mar 2023
Czech Republic (%) -4.0 Mar 2023 quarterly Dec 1999 - Mar 2023
Denmark (%) 3.3 Mar 2023 quarterly Dec 1999 - Mar 2023
Ecuador (%) -0.6 Mar 2023 quarterly Dec 2000 - Mar 2023
Estonia (%) -1.2 Mar 2023 quarterly Dec 1999 - Mar 2023
European Union (%) -3.4 2022 yearly 1995 - 2022
Finland (%) -0.8 Mar 2023 quarterly Dec 1999 - Mar 2023
France (%) -5.0 Jun 2023 quarterly Dec 1949 - Jun 2023
Georgia (%) -2.3 Mar 2023 quarterly Dec 2006 - Mar 2023
Germany (%) -3.4 Jun 2023 quarterly Dec 1991 - Jun 2023
Ghana (%) -8.9 Jun 2022 quarterly Dec 2008 - Jun 2022
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -6.6 Mar 2023 quarterly Sep 1999 - Mar 2023
Hungary (%) -7.9 Mar 2023 quarterly Dec 1999 - Mar 2023
Iceland (%) -2.1 Mar 2023 quarterly Mar 2002 - Mar 2023
India (%) -6.6 Jun 2023 quarterly Mar 2005 - Jun 2023
Indonesia (%) -1.9 Jun 2023 quarterly Dec 2014 - Jun 2023
Iran (%) -4.8 Mar 2019 quarterly Mar 2006 - Mar 2019
Ireland (%) 2.0 Mar 2023 quarterly Dec 2000 - Mar 2023
Israel (%) -0.8 Jun 2023 quarterly Dec 1999 - Jun 2023
Italy (%) -8.2 Mar 2023 quarterly Dec 1999 - Mar 2023
Ivory Coast (%) -6.0 2022 yearly 1960 - 2022
Japan (%) -6.2 2024 yearly 1996 - 2024
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -3.5 Jun 2023 quarterly Dec 2008 - Jun 2023
Kenya (%) -2.1 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) -2.1 Jun 2023 quarterly Jun 2000 - Jun 2023
Kosovo (%) 0.5 Mar 2023 quarterly Dec 2010 - Mar 2023
Kuwait (%) -26.4 2019 yearly 1988 - 2019
Kyrgyzstan (%) 1.2 Jun 2023 monthly Jan 2007 - Jun 2023
Laos (%) -0.3 2022 yearly 2012 - 2022
Latvia (%) -4.1 Mar 2023 quarterly Dec 1999 - Mar 2023
Lebanon (%) -4.3 2020 yearly 1992 - 2020
Lithuania (%) -1.2 Mar 2023 quarterly Dec 1999 - Mar 2023
Luxembourg (%) 0.2 2022 yearly 1995 - 2022
Macau SAR, China (%) -12.5 Sep 2021 quarterly Dec 2003 - Sep 2021
North Macedonia (%) -4.5 2022 yearly 1993 - 2022
Malawi (%) -0.4 Jun 2023 monthly Apr 2005 - Jun 2023
Malaysia (%) -4.3 2021 yearly 1970 - 2021
Malta (%) -4.8 Mar 2023 quarterly Dec 2000 - Mar 2023
Mauritius (%) -5.1 Mar 2023 quarterly Dec 2010 - Mar 2023
Mexico (%) -3.8 Jun 2023 quarterly Dec 1980 - Jun 2023
Moldova (%) -3.3 2022 yearly 1998 - 2022
Mongolia (%) 2.3 Jun 2023 quarterly Dec 2000 - Jun 2023
Montenegro (%) -2.8 Mar 2023 quarterly Dec 2012 - Mar 2023
Morocco (%) -11.8 2022 yearly 1980 - 2022
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -7.6 2021 yearly 1986 - 2021
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) -0.1 Mar 2023 quarterly Dec 1999 - Mar 2023
New Zealand (%) 0.7 Mar 2023 quarterly Dec 1999 - Mar 2023
Nigeria (%) -2.6 Mar 2023 quarterly Dec 2010 - Mar 2023
Norway (%) 25.5 Mar 2023 quarterly Dec 2002 - Mar 2023
Oman (%) 1.7 Jun 2022 quarterly Dec 2005 - Jun 2022
Pakistan (%) -7.9 2022 yearly 2000 - 2022
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -3.9 2022 yearly 2003 - 2022
Paraguay (%) -0.6 Mar 2023 quarterly Dec 2003 - Mar 2023
Peru (%) -2.7 Jun 2023 quarterly Dec 1990 - Jun 2023
Philippines (%) -6.4 Jun 2023 quarterly Dec 1985 - Jun 2023
Poland (%) -3.7 2022 yearly 1995 - 2022
Portugal (%) 0.1 Mar 2023 quarterly Sep 1999 - Mar 2023
Qatar (%) 9.9 Mar 2023 quarterly Mar 2011 - Mar 2023
Romania (%) -6.3 Jun 2023 quarterly Dec 2004 - Jun 2023
Russia (%) -4.7 Jun 2023 quarterly Dec 1993 - Jun 2023
Saudi Arabia (%) 2.5 2022 yearly 1969 - 2022
Serbia (%) -2.1 Jun 2023 quarterly Dec 2005 - Jun 2023
Singapore (%) 0.8 Jun 2023 quarterly Mar 2012 - Jun 2023
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -2.9 Jun 2023 quarterly Dec 2000 - Jun 2023
South Africa (%) -5.4 Jun 2023 quarterly Dec 1990 - Jun 2023
Spain (%) -4.4 Mar 2023 quarterly Dec 1995 - Mar 2023
Sri Lanka (%) -10.0 Mar 2023 quarterly Dec 2014 - Mar 2023
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) 0.7 2022 yearly 1995 - 2022
Switzerland (%) -0.3 2021 yearly 1990 - 2021

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Singapore Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.8 Jun 2023 quarterly Mar 2012 - Jun 2023
Consolidated Fiscal Balance (USD mn) 1,183.018 Jul 2023 monthly Apr 2011 - Jul 2023
Tax Revenue (USD mn) 5,152.715 Jul 2023 monthly Aug 1987 - Jul 2023
Tax Revenue: % of GDP (%) 16.7 Jun 2023 quarterly Dec 1987 - Jun 2023
National Government Debt (USD mn) 815,243.9 Jun 2023 quarterly Mar 1990 - Jun 2023
Government Debt: % of GDP (%) 171.1 Jun 2023 quarterly Mar 1990 - Jun 2023
Forecast: Government Expenditure (SGD bn) 152.985 2029 yearly 1991 - 2029
Forecast: Government Net Debt (SGD bn) 1,370.026 2029 yearly 1991 - 2029
Forecast: Government Revenue (SGD bn) 182.175 2029 yearly 1991 - 2029
Govt Finance: Cash Surplus / Deficit (SGD mn) 1,577.200 Jul 2023 monthly Apr 2011 - Jul 2023
Govt Revenue: Operating (SGD mn) 7,517.300 Jul 2023 monthly Jan 2003 - Jul 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.127 2028 yearly 1980 - 2028
Trade Balance (USD mn) 4,868.3 Jul 2023 monthly Jan 1976 - Jul 2023
Total Exports (USD mn) 39,370.0 Jul 2023 monthly Jan 1976 - Jul 2023
Total Exports Growth (%) -18.2 Jul 2023 monthly Jan 1977 - Jul 2023
Aluminum: Exports (USD th) 630,890.305 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 10,982,157.540 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 7,291,818.243 2022 yearly 1995 - 2022
Total Imports (USD mn) 34,501.7 Jul 2023 monthly Jan 1964 - Jul 2023
Total Imports Growth (%) -24.0 Jul 2023 monthly Jan 1965 - Jul 2023
Imports: Medicament (USD th) 2,207,048.295 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,625,676.303 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3,980.808 Jul 2023 monthly Jan 1976 - Jul 2023
Total Imports from USA (USD mn) 4,087.426 Jul 2023 monthly Jan 1976 - Jul 2023
Total Exports to China (USD mn) 5,329.271 Jul 2023 monthly Jan 1975 - Jul 2023
Total Imports from China (USD mn) 4,882.814 Jul 2023 monthly Jan 1975 - Jul 2023
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 13,283.9 Jun 2023 quarterly Mar 1995 - Jun 2023
Current Account Balance (USD mn) 23,167.0 Jun 2023 quarterly Mar 1986 - Jun 2023
Current Account Balance: % of GDP (%) 19.0 Jun 2023 quarterly Mar 1986 - Jun 2023
Foreign Direct Investment (USD mn) 35,724.8 Jun 2023 quarterly Mar 1995 - Jun 2023
Foreign Direct Investment: % of GDP (%) 29.4 Jun 2023 quarterly Mar 1995 - Jun 2023
Foreign Portfolio Investment (USD mn) 5,264.393 Jun 2023 quarterly Mar 1995 - Jun 2023
Foreign Portfolio Investment: % of GDP (%) 4.3 Jun 2023 quarterly Mar 1995 - Jun 2023
External Debt (USD mn) 1,851,236.2 Dec 2022 quarterly Jun 2003 - Dec 2022
External Debt: % of GDP (%) 385.6 2022 yearly 2003 - 2022
External Debt: Short Term (USD mn) 1,190,535.3 Mar 2023 quarterly Jun 2003 - Mar 2023
External Debt: Short Term: % of GDP (%) 257.2 2022 yearly 2003 - 2022
Forecast: Current Account Balance (USD bn) 73.829 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 824,674.202 Dec 2022 quarterly Dec 2013 - Dec 2022
BoP: FA: Others: Liabilities (SGD mn) 6,137.600 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: Official Reserves (OR): Net (SGD mn) 25,106.100 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: Net Errors and Omissions (SGD mn) -225.300 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Direct Investment (SGD mn) -30,052.000 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Direct Investment: Liabilities (SGD mn) 47,841.400 Jun 2023 quarterly Mar 1995 - Jun 2023
BoP: CA: Goods: Exports (SGD mn) 181,636.900 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Direct Investment: Assets (SGD mn) 17,789.400 Jun 2023 quarterly Mar 1995 - Jun 2023
BoP: CA: Primary Income Balance: Receipts (SGD mn) 50,551.500 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 2,855.100 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: CA: Primary Income Balance (SGD mn) -30,190.500 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Financial Derivatives (SGD mn) 3,010.200 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 7,049.900 Jun 2023 quarterly Mar 1995 - Jun 2023
BoP: CA: Goods: Balance (SGD mn) 53,576.200 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Services: Imports (SGD mn) 88,968.700 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Goods: Imports (SGD mn) 128,060.700 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Secondary Income Balance (SGD mn) -1,900.700 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: Financial Account (FA): Net (SGD mn) 5,693.100 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Portfolio Inv: Assets (SGD mn) 34,737.400 Jun 2023 quarterly Mar 1995 - Jun 2023
BoP: FA: Others: Assets (SGD mn) 11,185.000 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Others (SGD mn) 5,047.400 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Financial Derivatives: Assets (SGD mn) 5,865.300 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: Current Account (CA) Balance (SGD mn) 31,024.500 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Primary Income Balance: Payment (SGD mn) 80,742.000 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Portfolio Investment (SGD mn) 27,687.500 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Services: Exports (SGD mn) 98,508.200 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Services: Balance (SGD mn) 9,539.500 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
Business Entities (BE): Formation: Total (Number) 6,814.000 Aug 2023 monthly Jan 1970 - Aug 2023
SG: BOP: Current Account: Personal Remittances: Received (USD mn) 0.000 2021 yearly 2005 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 55.7 Jun 2023 quarterly Mar 1995 - Jun 2023
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 326,417.816 Jul 2023 monthly Mar 2004 - Jul 2023
Money Supply M2 (USD mn) 941,903.902 Jul 2023 monthly Mar 2004 - Jul 2023
M2 Growth (%) 3.2 Jul 2023 monthly Mar 2005 - Jul 2023
Foreign Exchange Reserves (USD mn) 326,709.8 Jul 2023 monthly Apr 2000 - Jul 2023
Foreign Exchange Reserves: % of GDP (%) 67.117 Jun 2023 quarterly Jun 2000 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 9.3 Jul 2023 monthly Apr 2000 - Jul 2023
Gold Reserves (USD mn) 6,268.200 Jul 2023 monthly Apr 2000 - Jul 2023
Total Deposits (USD mn) 1,317,894.602 Jul 2023 monthly Jan 1991 - Jul 2023
Total Deposits Growth (%) 7.4 Jul 2023 monthly Jan 1992 - Jul 2023
Domestic Credit (USD mn) 851,333.4 Jul 2023 monthly Mar 2004 - Jul 2023
Domestic Credit Growth (%) -3.3 Jul 2023 monthly Mar 2005 - Jul 2023
Credit to Households (USD bn) 233.396 Dec 2022 quarterly Mar 1991 - Dec 2022
Credit to Private Non-Financial Sector (USD bn) 863.857 Dec 2022 quarterly Dec 1963 - Dec 2022
Household Debt (USD mn) 274,705.2 Jul 2023 monthly Mar 2004 - Jul 2023
Total Loans (USD mn) 944,634.119 Jul 2023 monthly Mar 2004 - Jul 2023
Total Loans Growth (%) -5.52 Jul 2023 monthly Mar 2005 - Jul 2023
Private Debt: % of Nominal GDP (%) 138.46 Jun 2023 quarterly Mar 2004 - Jun 2023
ORA: Other Reserve Assets (USD mn) 472.40 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -0.2 Aug 2023 monthly Jan 2000 - Aug 2023
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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