Singapore Consolidated Fiscal Balance: % of GDP

2012 - 2024 | Quarterly | % | CEIC Data

Key information about Singapore Consolidated Fiscal Balance: % of GDP

  • Singapore Consolidated Fiscal Balance recorded a deficit equal to 0.1 % of its Nominal GDP in Mar 2024, compared with a surplus equal to 1.5 % in the previous quarter
  • Singapore Consolidated Fiscal Balance to GDP data is updated quarterly, available from Mar 2012 to Mar 2024, with an average ratio of 4.2 %
  • 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 885.2 USD bn in Mar 2024
  • Singapore Nominal GDP reached 120.6 USD bn in Mar 2023

View Singapore's Consolidated Fiscal Balance: % of GDP from Mar 2012 to Mar 2024 in the chart:

Singapore Consolidated Fiscal Balance: % of GDP

What was Singapore's Consolidated Fiscal Balance: % of GDP in Mar 2024?

Singapore Consolidated Fiscal Balance recorded a deficit equal to 0.1 % of its Nominal GDP in Mar 2024, compared with a surplus equal to 1.5 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
-0.1 Mar 2024 1.5 Dec 2023 -8.0 Mar 2021 8.0 Sep 2013 % quarterly Mar 2012 - Mar 2024

Consolidated Fiscal Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -3.7 2022 yearly 1997 - 2022
Algeria (%) -2.6 2022 yearly 1994 - 2022
Argentina (%) -2.2 Mar 2024 quarterly Dec 2004 - Mar 2024
Armenia (%) -2.5 Mar 2024 quarterly Dec 2002 - Mar 2024
Australia (%) -1.2 Mar 2024 quarterly Jun 2003 - Mar 2024
Austria (%) -2.7 Dec 2023 quarterly Dec 2001 - Dec 2023
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -7.0 2021 yearly 1998 - 2021
Bangladesh (%) -5.1 2023 yearly 2006 - 2023
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -4.5 2023 yearly 1970 - 2023
Bolivia (%) -5.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 3.0 Dec 2023 quarterly Dec 2008 - Dec 2023
Botswana (%) 2.5 Jun 2023 quarterly Mar 2004 - Jun 2023
Brazil (%) -7.2 Mar 2024 quarterly Dec 1997 - Mar 2024
Brunei (%) -11.9 2023 yearly 2010 - 2023
Bulgaria (%) -2.4 Mar 2024 quarterly Sep 2003 - Mar 2024
Cambodia (%) -0.2 2022 yearly 2007 - 2022
Canada (%) -1.7 Mar 2024 quarterly Jun 1993 - Mar 2024
Chile (%) -2.3 2023 yearly 1990 - 2023
China (%) -4.8 Mar 2024 quarterly Dec 1995 - Mar 2024
Colombia (%) 0.2 Sep 2023 quarterly Dec 2000 - Sep 2023
Croatia (%) -2.6 2021 yearly 2002 - 2021
Cyprus (%) 3.8 Mar 2024 quarterly Dec 1995 - Mar 2024
Czech Republic (%) -2.9 Mar 2024 quarterly Dec 1999 - Mar 2024
Denmark (%) 3.3 Mar 2024 quarterly Dec 1999 - Mar 2024
Ecuador (%) -2.8 Mar 2024 quarterly Dec 2000 - Mar 2024
Estonia (%) -3.3 Mar 2024 quarterly Dec 1999 - Mar 2024
European Union (%) -3.5 2023 yearly 1995 - 2023
Finland (%) -3.4 Mar 2024 quarterly Dec 1999 - Mar 2024
France (%) -5.6 Mar 2024 quarterly Dec 1949 - Mar 2024
Georgia (%) -2.4 Dec 2023 quarterly Dec 2006 - Dec 2023
Germany (%) -2.5 Mar 2024 quarterly Dec 1991 - Mar 2024
Ghana (%) -4.6 Jun 2023 quarterly Dec 2008 - Jun 2023
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -5.7 Mar 2024 quarterly Sep 1999 - Mar 2024
Hungary (%) -5.7 Mar 2024 quarterly Dec 1999 - Mar 2024
Iceland (%) 0.1 Mar 2024 quarterly Mar 2002 - Mar 2024
India (%) -5.6 Mar 2024 quarterly Mar 2005 - Mar 2024
Indonesia (%) -2.2 Mar 2024 quarterly Dec 2014 - Mar 2024
Iran (%) -4.3 Mar 2021 quarterly Mar 2006 - Mar 2021
Ireland (%) 1.7 Dec 2023 quarterly Dec 2000 - Dec 2023
Israel (%) -6.2 Mar 2024 quarterly Dec 1999 - Mar 2024
Italy (%) -6.5 Mar 2024 quarterly Dec 1999 - Mar 2024
Ivory Coast (%) -5.3 2023 yearly 1960 - 2023
Japan (%) -6.2 2024 yearly 1996 - 2024
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -0.7 Mar 2024 quarterly Dec 2008 - Mar 2024
Kenya (%) -2.1 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) -2.5 Mar 2024 quarterly Jun 2000 - Mar 2024
Kosovo (%) 0.2 Sep 2023 quarterly Dec 2010 - Sep 2023
Kuwait (%) 11.7 2022 yearly 1988 - 2022
Kyrgyzstan (%) 3.8 Apr 2024 monthly Jan 2007 - Apr 2024
Laos (%) 0.6 2023 yearly 2012 - 2023
Latvia (%) -1.9 Mar 2024 quarterly Dec 1999 - Mar 2024
Lebanon (%) -4.3 2020 yearly 1992 - 2020
Lithuania (%) -0.6 Mar 2024 quarterly Dec 1999 - Mar 2024
Luxembourg (%) -1.3 2023 yearly 1995 - 2023
Macau SAR, China (%) -5.1 Sep 2023 quarterly Dec 2003 - Sep 2023
North Macedonia (%) -4.5 2022 yearly 1993 - 2022
Malawi (%) -0.4 Jun 2023 monthly Apr 2005 - Jun 2023
Malaysia (%) -6.7 2022 yearly 1970 - 2022
Malta (%) -3.9 Mar 2024 quarterly Dec 2000 - Mar 2024
Mauritius (%) -5.3 Sep 2023 quarterly Dec 2010 - Sep 2023
Mexico (%) -4.4 Mar 2024 quarterly Dec 1980 - Mar 2024
Moldova (%) -5.2 2023 yearly 1998 - 2023
Mongolia (%) 2.4 Mar 2024 quarterly Dec 2000 - Mar 2024
Montenegro (%) -0.8 Mar 2024 quarterly Dec 2012 - Mar 2024
Morocco (%) -5.0 2023 yearly 1980 - 2023
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 (%) -1.1 Mar 2024 quarterly Dec 1999 - Mar 2024
Nigeria (%) -4.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Norway (%) 14.4 Mar 2024 quarterly Dec 2002 - Mar 2024
Oman (%) 2.3 Sep 2023 quarterly Dec 2005 - Sep 2023
Pakistan (%) -3.7 2023 yearly 2000 - 2023
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -3.0 2023 yearly 2003 - 2023
Paraguay (%) -1.5 Mar 2024 quarterly Dec 2003 - Mar 2024
Peru (%) -3.5 Mar 2024 quarterly Dec 1990 - Mar 2024
Philippines (%) -6.1 Mar 2024 quarterly Dec 1985 - Mar 2024
Poland (%) -5.1 2023 yearly 1995 - 2023
Portugal (%) 0.9 Mar 2024 quarterly Sep 1999 - Mar 2024
Qatar (%) 6.0 Sep 2023 quarterly Mar 2011 - Sep 2023
Romania (%) -6.3 Mar 2024 quarterly Dec 2004 - Mar 2024
Russia (%) -0.9 Mar 2024 quarterly Dec 1993 - Mar 2024
Saudi Arabia (%) 2.5 2022 yearly 1969 - 2022
Serbia (%) -2.1 Mar 2024 quarterly Dec 2005 - Mar 2024
Singapore (%) -0.1 Mar 2024 quarterly Mar 2012 - Mar 2024
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -3.7 Mar 2024 quarterly Dec 2000 - Mar 2024
South Africa (%) -4.6 Mar 2024 quarterly Dec 1990 - Mar 2024
Spain (%) -3.8 Mar 2024 quarterly Dec 1995 - Mar 2024
Sri Lanka (%) -8.3 Dec 2023 quarterly Dec 2014 - Dec 2023
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) -0.7 2023 yearly 1995 - 2023
Switzerland (%) 0.5 2023 yearly 1990 - 2023

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Singapore Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.1 Mar 2024 quarterly Mar 2012 - Mar 2024
Consolidated Fiscal Balance (USD mn) 6,898.290 May 2024 monthly Apr 2011 - May 2024
Tax Revenue (USD mn) 11,199.793 May 2024 monthly Aug 1987 - May 2024
Tax Revenue: % of GDP (%) 13.8 Mar 2024 quarterly Dec 1987 - Mar 2024
National Government Debt (USD mn) 885,197.8 Mar 2024 quarterly Mar 1990 - Mar 2024
Government Debt: % of GDP (%) 174.3 Mar 2024 quarterly Mar 1990 - Mar 2024
Forecast: Government Expenditure (SGD bn) 147.746 2029 yearly 1991 - 2029
Forecast: Government Net Debt (SGD bn) 1,456.380 2029 yearly 1991 - 2029
Forecast: Government Revenue (SGD bn) 170.603 2029 yearly 1991 - 2029
Govt Finance: Cash Surplus / Deficit (SGD mn) 9,318.900 May 2024 monthly Apr 2011 - May 2024
Govt Revenue: Operating (SGD mn) 16,068.100 May 2024 monthly Jan 2003 - May 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.209 2028 yearly 1980 - 2028
Trade Balance (USD mn) 3,377.8 May 2024 monthly Jan 1976 - May 2024
Total Exports (USD mn) 41,781.3 May 2024 monthly Jan 1976 - May 2024
Total Exports Growth (%) 11.6 May 2024 monthly Jan 1977 - May 2024
Aluminum: Exports (USD th) 710,153.306 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) 38,403.5 May 2024 monthly Jan 1964 - May 2024
Total Imports Growth (%) 15.8 May 2024 monthly Jan 1965 - May 2024
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) 3,590.083 May 2024 monthly Jan 1976 - May 2024
Total Imports from USA (USD mn) 4,675.389 May 2024 monthly Jan 1976 - May 2024
Total Exports to China (USD mn) 5,148.081 May 2024 monthly Jan 1975 - May 2024
Total Imports from China (USD mn) 4,750.199 May 2024 monthly Jan 1975 - May 2024
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Exports: Indonesia (SGD mn) 4,969.656 May 2024 monthly Jan 2003 - May 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 15,458.8 Mar 2024 quarterly Mar 1995 - Mar 2024
Current Account Balance (USD mn) 27,745.1 Mar 2024 quarterly Mar 1986 - Mar 2024
Current Account Balance: % of GDP (%) 21.6 Mar 2024 quarterly Mar 1986 - Mar 2024
Foreign Direct Investment (USD mn) 40,234.2 Mar 2024 quarterly Mar 1995 - Mar 2024
Foreign Direct Investment: % of GDP (%) 31.3 Mar 2024 quarterly Mar 1995 - Mar 2024
Foreign Portfolio Investment (USD mn) 8,515.268 Mar 2024 quarterly Mar 1995 - Mar 2024
Foreign Portfolio Investment: % of GDP (%) 6.6 Mar 2024 quarterly Mar 1995 - Mar 2024
External Debt (USD mn) 2,000,568.7 Mar 2024 quarterly Jun 2003 - Mar 2024
External Debt: % of GDP (%) 391.1 2023 yearly 2003 - 2023
External Debt: Short Term (USD mn) 1,300,857.5 Mar 2024 quarterly Jun 2003 - Mar 2024
External Debt: Short Term: % of GDP (%) 254.2 2023 yearly 2003 - 2023
Forecast: Current Account Balance (USD bn) 74.156 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 856,540.557 Mar 2024 quarterly Dec 2013 - Mar 2024
BoP: FA: Others: Liabilities (SGD mn) 46,234.400 Mar 2024 quarterly Mar 1986 - Mar 2024
BoP: FA: Direct Investment: Assets (SGD mn) 29,059.400 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: Primary Income Balance: Receipts (SGD mn) 54,446.100 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: Official Reserves (OR): Net (SGD mn) 13,193.400 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 17,032.100 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: Goods: Balance (SGD mn) 52,921.800 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: Financial Account (FA): Net (SGD mn) 19,902.600 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Goods: Exports (SGD mn) 181,091.200 Mar 2024 quarterly Mar 1986 - Mar 2024
BoP: CA: Services: Imports (SGD mn) 105,745.600 Mar 2024 quarterly Mar 1986 - Mar 2024
BoP: FA: Others (SGD mn) 8,617.700 Mar 2024 quarterly Mar 1986 - Mar 2024
BoP: FA: Financial Derivatives (SGD mn) -2,225.900 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: Current Account (CA) Balance (SGD mn) 34,411.400 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Secondary Income Balance (SGD mn) -1,586.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Services: Balance (SGD mn) 13,743.600 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: Net Errors and Omissions (SGD mn) -1,800.900 Mar 2024 quarterly Mar 1986 - Mar 2024
BoP: FA: Others: Assets (SGD mn) 54,852.100 Mar 2024 quarterly Mar 1986 - Mar 2024
BoP: CA: Primary Income Balance: Payment (SGD mn) 85,114.100 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Direct Investment (SGD mn) -46,682.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Direct Investment: Liabilities (SGD mn) 75,741.400 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Portfolio Inv: Assets (SGD mn) 49,523.600 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Portfolio Investment (SGD mn) 32,491.500 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Financial Derivatives: Assets (SGD mn) -3,094.700 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: FA: Financial Derivatives: Liabilities (SGD mn) -1,496.300 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: CA: Primary Income Balance (SGD mn) -30,668.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Goods: Imports (SGD mn) 135,981.100 Mar 2024 quarterly Mar 1986 - Mar 2024
BoP: CA: Services: Exports (SGD mn) 115,850.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
External Debt: Gross: OL: DTC: Long Term (SGD mn) 172,982.900 Mar 2024 quarterly Jun 2003 - Mar 2024
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,432,775.800 Mar 2024 quarterly Jun 2003 - Mar 2024
External Debt: Gross (SGD mn) 2,695,766.300 Mar 2024 quarterly Jun 2003 - Mar 2024
External Debt: Gross: OL: OS: Long Term (SGD mn) 279,420.500 Mar 2024 quarterly Jun 2003 - Mar 2024
External Debt: Gross: OL: OS: Short Term (SGD mn) 320,129.700 Mar 2024 quarterly Jun 2003 - Mar 2024
FDI: By Industry: Manufacturing (SGD mn) 323,144.100 2022 yearly 1998 - 2022
Foreign Direct Investment (FDI): Total (SGD mn) 2,618,994.200 2022 yearly 1998 - 2022
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 175,782.000 2022 yearly 1998 - 2022
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 411,171.600 2022 yearly 1998 - 2022
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,476,535.300 2022 yearly 1998 - 2022
FDI: By Country: United Kingdom (SGD mn) 138,604.600 2022 yearly 1998 - 2022
FDI: By Country: United States (SGD mn) 574,017.500 2022 yearly 1998 - 2022
FDI: By Country: Japan (SGD mn) 177,665.900 2022 yearly 1998 - 2022
FDI: By Country: Netherlands (SGD mn) 70,409.500 2022 yearly 1998 - 2022
FDI: By Country: Switzerland (SGD mn) 80,150.900 2022 yearly 1998 - 2022
Business Entities (BE): Formation: Total (Number) 5,737.000 Jun 2024 monthly Jan 1970 - Jun 2024
SG: BOP: Current Account: Personal Remittances: Received (USD mn) 0.000 2023 yearly 2005 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 53.3 Mar 2024 quarterly Mar 1995 - Mar 2024
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 335,979.910 May 2024 monthly Mar 2004 - May 2024
Money Supply M2 (USD mn) 954,301.014 May 2024 monthly Mar 2004 - May 2024
M2 Growth (%) 2.1 May 2024 monthly Mar 2005 - May 2024
Foreign Exchange Reserves (USD mn) 357,572.2 Jun 2024 monthly Apr 2000 - Jun 2024
Foreign Exchange Reserves: % of GDP (%) 69.577 Mar 2024 quarterly Jun 2000 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 9.1 May 2024 monthly Apr 2000 - May 2024
Gold Reserves (USD mn) 6,457.400 Jun 2024 monthly Apr 2000 - Jun 2024
Total Deposits (USD mn) 1,375,469.592 May 2024 monthly Jan 1991 - May 2024
Total Deposits Growth (%) 4.6 May 2024 monthly Jan 1992 - May 2024
Domestic Credit (USD mn) 842,070.7 May 2024 monthly Mar 2004 - May 2024
Domestic Credit Growth (%) -0.4 May 2024 monthly Mar 2005 - May 2024
Credit to Households (USD bn) 236.805 Dec 2023 quarterly Mar 1991 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 897.411 Dec 2023 quarterly Dec 1963 - Dec 2023
Household Debt (USD mn) 270,980.2 May 2024 monthly Mar 2004 - May 2024
Total Loans (USD mn) 933,355.801 May 2024 monthly Mar 2004 - May 2024
Total Loans Growth (%) -0.59 May 2024 monthly Mar 2005 - May 2024
Private Debt: % of Nominal GDP (%) 130.74 Mar 2024 quarterly Mar 2004 - Mar 2024
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: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 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
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 1.4 Jun 2024 monthly Jan 2000 - Jun 2024
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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