Singapore External Debt: % of GDP

2003 - 2025 | Yearly | % | CEIC Data

Key information about Singapore External Debt: % of GDP

  • Singapore External Debt accounted for 402.2 % of the country's Nominal GDP in 2025, compared with the ratio of 398.9 % in the previous year.
  • Singapore External Debt: % of Nominal GDP data is updated yearly, available from Dec 2003 to Dec 2025.
  • The data reached an all-time high of 504.6 % in Dec 2003 and a record low of 374.5 % in Dec 2022.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. The Singapore Department of Statistics provides External Debt in local currency and Nominal GDP in local currency.


Related information about Singapore External Debt: % of GDP

  • In the latest reports of Singapore, Current Account recorded a surplus of 31.0 USD bn in Dec 2025.
  • Foreign Direct Investment (FDI) increased by 45.2 USD bn in Dec 2025.
  • Singapore Direct Investment Abroad expanded by 33.6 USD bn in Dec 2025.
  • Its Foreign Portfolio Investment increased by 15.0 USD bn in Dec 2025.
  • The country's External Debt reached 2,469,353.0 in Dec 2025.
  • The country's Nominal GDP was reported at 147.8 USD bn in Sep 2025.

View Singapore's External Debt: % of GDP from 2003 to 2025 in the chart:

Singapore External Debt: % of GDP

What was Singapore's External Debt: % of GDP in 2025?

Singapore External Debt accounted for 402.2 % of the country's Nominal GDP in 2025, compared with the ratio of 398.9 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
402.2 2025 398.9 2024 374.5 2022 504.6 2003 % yearly 2003 - 2025

External Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 37.8 2025 yearly 1991 - 2025
Algeria (%) 1.1 2024 yearly 1970 - 2024
Argentina (%) 46.8 2025 yearly 1994 - 2025
Armenia (%) 64.7 2025 yearly 2000 - 2025
Australia (%) 107.2 2025 yearly 1988 - 2025
Austria (%) 154.5 2024 yearly 1997 - 2024
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 38.8 Mar 2026 quarterly Dec 2000 - Mar 2026
Belgium (%) 242.8 2025 yearly 2007 - 2025
Bolivia (%) 33.0 2024 yearly 2006 - 2024
Bosnia and Herzegovina (%) 16.4 2025 yearly 1999 - 2025
Botswana (%) 7.8 2025 yearly 1995 - 2025
Brazil (%) 29.0 2025 yearly 1992 - 2025
Bulgaria (%) 50.5 2025 yearly 1999 - 2025
Cambodia (%) 45.4 2024 yearly 2010 - 2024
Canada (%) 147.2 2025 yearly 1990 - 2025
Chile (%) 77.6 2025 yearly 1971 - 2025
China (%) 11.9 2025 yearly 1985 - 2025
Colombia (%) 48.0 2024 yearly 1970 - 2024
Croatia (%) 74.3 2022 yearly 1998 - 2022
Cyprus (%) 617.2 2025 yearly 2004 - 2025
Czech Republic (%) 66.4 2025 yearly 1995 - 2025
Denmark (%) 142.9 2025 yearly 2005 - 2025
Ecuador (%) 49.7 2025 yearly 1970 - 2025
Egypt (%) 42.4 Sep 2025 quarterly Jun 1999 - Sep 2025
Estonia (%) 99.8 2025 yearly 1996 - 2025
European Union (%) 106.6 2025 yearly 2013 - 2025
Finland (%) 207.2 2025 yearly 1991 - 2025
France (%) 250.2 2024 yearly 2004 - 2024
Georgia (%) 70.3 2025 yearly 1999 - 2025
Germany (%) 151.3 2025 yearly 1999 - 2025
Ghana (%) 25.7 2025 yearly 1999 - 2025
Greece (%) 237.7 2025 yearly 2003 - 2025
Hong Kong SAR, China (%) 481.9 2025 yearly 2001 - 2025
Hungary (%) 118.0 2025 yearly 2006 - 2025
Iceland (%) 75.3 2025 yearly 1989 - 2025
India (%) 19.1 2025 yearly 1970 - 2025
Indonesia (%) 29.9 2025 yearly 2003 - 2025
Iran (%) 0.8 2025 yearly 1994 - 2025
Ireland (%) 507.4 2025 yearly 2002 - 2025
Israel (%) 26.9 2025 yearly 1998 - 2025
Italy (%) 120.8 2024 yearly 2002 - 2024
Ivory Coast (%) 34.4 2022 yearly 1994 - 2022
Japan (%) 109.8 2025 yearly 2003 - 2025
Jordan (%) 74.1 2025 yearly 1970 - 2025
Kazakhstan (%) 59.5 Dec 2025 quarterly Mar 2002 - Dec 2025
Kenya (%) 31.1 2025 yearly 2006 - 2025
South Korea (%) 40.9 2025 yearly 1994 - 2025
Kosovo (%) 40.7 2024 yearly 2007 - 2024
Kuwait (%) 60.1 2025 yearly 2014 - 2025
Kyrgyzstan (%) 55.4 2025 yearly 2003 - 2025
Laos (%) 68.7 2024 yearly 1996 - 2024
Latvia (%) 104.1 Mar 2026 quarterly Mar 2000 - Mar 2026
Lebanon (%) 21.3 2023 yearly 2007 - 2023
Lithuania (%) 93.1 2025 yearly 1996 - 2025
Luxembourg (%) 3,937.1 2025 yearly 2002 - 2025
North Macedonia (%) 72.0 2025 yearly 2004 - 2025
Malawi (%) 60.1 2021 yearly 2006 - 2021
Malaysia (%) 68.9 2025 yearly 2009 - 2025
Malta (%) 785.5 2025 yearly 2004 - 2025
Mauritius (%) 1,200.9 2025 yearly 2009 - 2025
Mexico (%) 35.0 2025 yearly 2002 - 2025
Moldova (%) 56.7 2024 yearly 2000 - 2024
Mongolia (%) 158.8 2025 yearly 1992 - 2025
Montenegro (%) 105.7 2024 yearly 2006 - 2024
Morocco (%) 50.8 2022 yearly 1970 - 2022
Mozambique (%) 49.2 2023 yearly 1985 - 2023
Myanmar (%) 18.9 2023 yearly 2018 - 2023
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 345.3 2025 yearly 2003 - 2025
New Zealand (%) 98.2 2025 yearly 1993 - 2025
Nigeria (%) 12.0 2025 yearly 1985 - 2025
Norway (%) 156.3 2025 yearly 2003 - 2025
Pakistan (%) 33.4 2025 yearly 2000 - 2025
Palestinian Territory (%) 13.1 2024 yearly 2012 - 2024
Panama (%) 167.4 2021 yearly 2014 - 2021
Paraguay (%) 59.8 2025 yearly 2000 - 2025
Peru (%) 33.7 2025 yearly 1980 - 2025
Philippines (%) 30.3 2025 yearly 1990 - 2025
Poland (%) 50.1 2025 yearly 1995 - 2025
Portugal (%) 145.3 2025 yearly 1996 - 2025
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 57.5 2024 yearly 1995 - 2024
Russia (%) 12.5 2025 yearly 1993 - 2025
Serbia (%) 60.5 2024 yearly 2000 - 2024
Singapore (%) 402.2 2025 yearly 2003 - 2025
Slovakia (%) 100.8 2025 yearly 1995 - 2025
Slovenia (%) 88.9 2025 yearly 1995 - 2025
South Africa (%) 46.9 2025 yearly 1985 - 2025
Spain (%) 162.9 2024 yearly 1995 - 2024
Sri Lanka (%) 75.0 2022 yearly 1998 - 2022
Sudan (%) 202.2 2021 yearly 2001 - 2021
Sweden (%) 155.5 2025 yearly 1997 - 2025
Switzerland (%) 226.4 2025 yearly 1999 - 2025
Taiwan, China (%) 26.5 2025 yearly 1999 - 2025
Tajikistan (%) 37.7 2021 yearly 2000 - 2021
Thailand (%) 35.4 Dec 2025 quarterly Mar 2005 - Dec 2025
Tunisia (%) 73.8 2025 yearly 2002 - 2025
Turkey (%) 32.6 2025 yearly 1995 - 2025

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Singapore Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 1.2 Mar 2026 quarterly Mar 2012 - Mar 2026
Consolidated Fiscal Balance (USD mn) 2,724.978 Apr 2026 monthly Apr 2011 - Apr 2026
Tax Revenue (USD mn) 5,471.981 Apr 2026 monthly Aug 1987 - Apr 2026
Tax Revenue: % of GDP (%) 13.5 Mar 2026 quarterly Dec 1987 - Mar 2026
National Government Debt (USD mn) 1,034,459.7 Mar 2026 quarterly Mar 1990 - Mar 2026
Government Debt: % of GDP (%) 166.2 Mar 2026 quarterly Mar 1990 - Mar 2026
Forecast: Government Expenditure (SGD bn) 186.474 2032 yearly 1991 - 2032
Forecast: Government Net Debt (SGD bn) 1,837.725 2032 yearly 1991 - 2032
Forecast: Government Revenue (SGD bn) 205.775 2032 yearly 1991 - 2032
Govt Revenue: Operating (SGD mn) 7,822.300 Apr 2026 monthly Jan 2003 - Apr 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 0.602 2031 yearly 1980 - 2031
Trade Balance (USD mn) 10,242.7 Apr 2026 monthly Jan 1976 - Apr 2026
Total Exports (USD mn) 67,953.9 Apr 2026 monthly Jan 1976 - Apr 2026
Total Exports Growth (%) 28.3 Apr 2026 monthly Jan 1977 - Apr 2026
Aluminum: Exports (USD th) 804,810.730 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 8,129,174.836 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 9,478,814.484 2024 yearly 1995 - 2024
Total Imports (USD mn) 57,711.2 Apr 2026 monthly Jan 1964 - Apr 2026
Total Imports Growth (%) 32.3 Apr 2026 monthly Jan 1965 - Apr 2026
Imports: Medicament (USD th) 2,332,947.888 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 3,832,220.692 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 6,113.880 Apr 2026 monthly Jan 1976 - Apr 2026
Total Imports from USA (USD mn) 5,033.467 Apr 2026 monthly Jan 1976 - Apr 2026
Total Exports to China (USD mn) 6,420.174 Apr 2026 monthly Jan 1975 - Apr 2026
Total Imports from China (USD mn) 5,838.232 Apr 2026 monthly Jan 1975 - Apr 2026
Exports: YoY Growth (%) 31.751 Apr 2026 monthly Jan 1965 - Apr 2026
Imports: YoY Growth (%) 34.662 Apr 2026 monthly Jan 1965 - Apr 2026
Export: sa: MoM Growth (%) 6.143 Apr 2026 monthly Feb 1976 - Apr 2026
Import: sa: MoM Growth (%) 4.350 Apr 2026 monthly Jan 1974 - Apr 2026
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
Export Value Index (2015=100) 135.500 2023 yearly 1980 - 2023
Import Value Index (2015=100) 142.500 2023 yearly 1980 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 31,244.7 Mar 2026 quarterly Mar 1995 - Mar 2026
Current Account Balance (USD mn) 32,225.6 Mar 2026 quarterly Mar 1986 - Mar 2026
Current Account Balance: % of GDP (%) 20.3 Mar 2026 quarterly Mar 1986 - Mar 2026
Foreign Direct Investment (USD mn) 43,695.7 Mar 2026 quarterly Mar 1995 - Mar 2026
Foreign Direct Investment: % of GDP (%) 27.5 Mar 2026 quarterly Mar 1995 - Mar 2026
Foreign Portfolio Investment (USD mn) -3,116.923 Mar 2026 quarterly Mar 1995 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) -2.0 Mar 2026 quarterly Mar 1995 - Mar 2026
External Debt (USD mn) 2,469,353.0 Dec 2025 quarterly Jun 2003 - Dec 2025
External Debt: % of GDP (%) 402.2 2025 yearly 2003 - 2025
External Debt: Short Term (USD mn) 1,523,270.5 Dec 2025 quarterly Jun 2003 - Dec 2025
External Debt: Short Term: % of GDP (%) 248.1 2025 yearly 2003 - 2025
Forecast: Current Account Balance (USD bn) 134.295 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) 1,080,064.391 Dec 2025 quarterly Dec 2013 - Dec 2025
BoP: CA: Goods: Balance (SGD mn) 58,224.500 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: Financial Account (FA): Net (SGD mn) 26,006.700 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: CA: Services: Balance (SGD mn) 10,948.900 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: FA: Portfolio Inv: Assets (SGD mn) 44,443.000 Mar 2026 quarterly Mar 1995 - Mar 2026
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 3,853.800 Mar 2026 quarterly Mar 2006 - Mar 2026
BoP: FA: Others: Liabilities (SGD mn) 133,162.400 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: FA: Direct Investment: Liabilities (SGD mn) 55,720.800 Mar 2026 quarterly Mar 1995 - Mar 2026
BoP: FA: Direct Investment (SGD mn) -15,877.600 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: CA: Goods: Exports (SGD mn) 242,153.800 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: Net Errors and Omissions (SGD mn) 1,853.000 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: FA: Financial Derivatives (SGD mn) 2,300.600 Mar 2026 quarterly Mar 2006 - Mar 2026
BoP: CA: Services: Imports (SGD mn) 132,067.900 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: FA: Portfolio Inv: Liabilities (SGD mn) -3,974.700 Mar 2026 quarterly Mar 1995 - Mar 2026
BoP: FA: Direct Investment: Assets (SGD mn) 39,843.200 Mar 2026 quarterly Mar 1995 - Mar 2026
BoP: Official Reserves (OR): Net (SGD mn) 16,940.400 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: CA: Goods: Imports (SGD mn) 183,929.300 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: FA: Others: Assets (SGD mn) 124,328.400 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: CA: Primary Income Balance (SGD mn) -23,984.600 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: FA: Financial Derivatives: Assets (SGD mn) 6,154.400 Mar 2026 quarterly Mar 2006 - Mar 2026
BoP: FA: Others (SGD mn) -8,834.000 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: CA: Secondary Income Balance (SGD mn) -4,094.700 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: CA: Primary Income Balance: Payment (SGD mn) 109,275.800 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: Current Account (CA) Balance (SGD mn) 41,094.100 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: CA: Services: Exports (SGD mn) 143,016.800 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: FA: Portfolio Investment (SGD mn) 48,417.700 Mar 2026 quarterly Mar 1986 - Mar 2026
BoP: CA: Primary Income Balance: Receipts (SGD mn) 85,291.200 Mar 2026 quarterly Mar 1986 - Mar 2026
External Debt: Gross: OL: DTC: Long Term (SGD mn) 194,281.200 Dec 2025 quarterly Jun 2003 - Dec 2025
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,536,865.400 Dec 2025 quarterly Jun 2003 - Dec 2025
External Debt: Gross (SGD mn) 3,175,341.000 Dec 2025 quarterly Jun 2003 - Dec 2025
External Debt: Gross: OL: OS: Long Term (SGD mn) 345,552.100 Dec 2025 quarterly Jun 2003 - Dec 2025
External Debt: Gross: OL: OS: Short Term (SGD mn) 421,908.100 Dec 2025 quarterly Jun 2003 - Dec 2025
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
Direct Investment Abroad: European Union (EU-27) (SGD mn) 246,050.400 2024 yearly 1994 - 2024
FDI: By Industry: Manufacturing (SGD mn) 249,584.800 2024 yearly 1998 - 2024
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 418,217.900 2024 yearly 1998 - 2024
FDI: By Industry: Financial & Insurance Services (SGD mn) 2,049,179.800 2024 yearly 1998 - 2024
Foreign Direct Investment (FDI): Total (SGD mn) 3,130,445.800 2024 yearly 1998 - 2024
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 152,038.500 2024 yearly 1998 - 2024
FDI: By Country: Japan (SGD mn) 196,064.000 2024 yearly 1998 - 2024
FDI: By Country: Switzerland (SGD mn) 56,236.700 2024 yearly 1998 - 2024
FDI: By Country: United Kingdom (SGD mn) 174,338.400 2024 yearly 1998 - 2024
FDI: By Country: Netherlands (SGD mn) 90,253.800 2024 yearly 1998 - 2024
FDI: By Country: United States (SGD mn) 778,574.600 2024 yearly 1998 - 2024
Business Entities (BE): Formation: Total (Number) 7,275.000 Apr 2026 monthly Jan 1970 - Apr 2026
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.0 Mar 2026 quarterly Jun 2004 - Mar 2026
Household Debt: % of GDP (%) 51.7 Mar 2026 quarterly Mar 1995 - Mar 2026
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 437,946.609 Apr 2026 monthly Mar 2004 - Apr 2026
Money Supply M2 (USD mn) 1,149,341.112 Apr 2026 monthly Mar 2004 - Apr 2026
M2 Growth (%) 6.8 Mar 2026 monthly Mar 2005 - Mar 2026
Foreign Exchange Reserves (USD mn) 417,344.9 May 2026 monthly Apr 2000 - May 2026
Foreign Exchange Reserves: % of GDP (%) 65.459 Mar 2026 quarterly Jun 2000 - Mar 2026
Foreign Exchange Reserves: Months of Import (NA) 7.0 Apr 2026 monthly Apr 2000 - Apr 2026
Gold Reserves (USD mn) 4,895.700 May 2026 monthly Apr 2000 - May 2026
Total Deposits (USD mn) 1,628,641.278 Mar 2026 monthly Jan 1991 - Mar 2026
Total Deposits Growth (%) 9.9 Apr 2026 monthly Jan 1992 - Apr 2026
Domestic Credit (USD mn) 995,276.8 Apr 2026 monthly Mar 2004 - Apr 2026
Domestic Credit Growth (%) 6.3 Apr 2026 monthly Mar 2005 - Apr 2026
Credit to Households (USD bn) 270.278 Dec 2025 quarterly Mar 1991 - Dec 2025
Credit to Private Non-Financial Sector (USD bn) 1,002.919 Sep 2025 quarterly Dec 1963 - Sep 2025
Household Debt (USD mn) 327,406.2 Apr 2026 monthly Mar 2004 - Apr 2026
Total Loans (USD mn) 1,116,092.715 Apr 2026 monthly Mar 2004 - Apr 2026
Total Loans Growth (%) 8.01 Apr 2026 monthly Mar 2005 - Apr 2026
Private Debt: % of Nominal GDP (%) 127.25 Mar 2026 quarterly Mar 2004 - Mar 2026
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Other Reserve Assets (USD mn) 472.40 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: 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: 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
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 2.2 Apr 2026 monthly Jan 2000 - Apr 2026
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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