Singapore External Debt: % of GDP

2003 - 2021 | Yearly | % | CEIC Data

Key information about Singapore External Debt: % of GDP

  • Singapore External Debt accounted for 448.3 % of the country's Nominal GDP in 2021, compared with the ratio of 475.9 % in the previous year.
  • Singapore External Debt: % of Nominal GDP data is updated yearly, available from Dec 2003 to Dec 2021.
  • The data reached an all-time high of 504.6 % in Dec 2003 and a record low of 411.4 % in Dec 2018.

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. The Ministry of Trade and Industry provides 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 21.7 USD bn in Sep 2022.
  • Foreign Direct Investment (FDI) increased by 25.2 USD bn in Sep 2022.
  • Singapore Direct Investment Abroad expanded by 8.4 USD bn in Sep 2022.
  • Its Foreign Portfolio Investment increased by 6.9 USD bn in Sep 2022.
  • The country's External Debt reached 1,752,297.8 in Sep 2022.
  • The country's Nominal GDP was reported at 105.9 USD bn in Sep 2022.

View Singapore's External Debt: % of GDP from 2003 to 2021 in the chart:

Singapore External Debt: % of GDP

What was Singapore's External Debt: % of GDP in 2021?

Singapore External Debt accounted for 448.3 % of the country's Nominal GDP in 2021, compared with the ratio of 475.9 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
448.3 2021 475.9 2020 411.4 2018 504.6 2003 % yearly 2003 - 2021

External Debt: % of GDP by Country Comparison

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Includes External Debt: % of GDP on 109 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 63.2 2021 yearly 1991 - 2021
Algeria (%) 1.9 2021 yearly 1970 - 2021
Argentina (%) 56.6 2021 yearly 1994 - 2021
Armenia (%) 99.9 2021 yearly 2000 - 2021
Australia (%) 115.3 2021 yearly 1988 - 2021
Austria (%) 163.3 2021 yearly 1997 - 2021
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 57.7 Sep 2022 quarterly Dec 2000 - Sep 2022
Belgium (%) 258.5 2021 yearly 2007 - 2021
Bolivia (%) 38.8 2020 yearly 2006 - 2020
Bosnia and Herzegovina (%) 24.4 2021 yearly 1999 - 2021
Botswana (%) 8.0 2022 yearly 1995 - 2022
Brazil (%) 34.4 2021 yearly 1992 - 2021
Bulgaria (%) 58.4 2021 yearly 1999 - 2021
Cambodia (%) 75.1 2021 yearly 2010 - 2021
Canada (%) 135.5 2021 yearly 1990 - 2021
Chile (%) 75.4 2021 yearly 1971 - 2021
China (%) 15.4 2021 yearly 1985 - 2021
Colombia (%) 54.6 2021 yearly 1970 - 2021
Croatia (%) 77.5 2021 yearly 1998 - 2021
Cyprus (%) 699.5 2021 yearly 2004 - 2021
Czech Republic (%) 73.2 2021 yearly 1995 - 2021
Denmark (%) 151.0 2021 yearly 2005 - 2021
Ecuador (%) 54.1 2021 yearly 1970 - 2021
Egypt (%) 32.6 Jun 2022 quarterly Jun 1999 - Jun 2022
Estonia (%) 84.7 2021 yearly 1996 - 2021
European Union (%) 129.2 2021 yearly 2008 - 2021
Finland (%) 208.1 2021 yearly 1991 - 2021
France (%) 256.2 2021 yearly 2004 - 2021
Georgia (%) 117.8 2021 yearly 1999 - 2021
Germany (%) 169.4 2021 yearly 1999 - 2021
Ghana (%) 35.8 2021 yearly 1999 - 2021
Greece (%) 305.3 2021 yearly 2003 - 2021
Hong Kong SAR, China (%) 508.5 2021 yearly 2001 - 2021
Hungary (%) 157.7 2021 yearly 2006 - 2021
Iceland (%) 84.8 2021 yearly 1989 - 2021
India (%) 19.9 2022 yearly 1970 - 2022
Indonesia (%) 35.0 2021 yearly 2003 - 2021
Iran (%) 0.9 2021 yearly 1994 - 2021
Ireland (%) 681.1 2021 yearly 2002 - 2021
Israel (%) 33.1 2021 yearly 1998 - 2021
Italy (%) 138.0 2021 yearly 2002 - 2021
Ivory Coast (%) 31.4 2021 yearly 1994 - 2021
Japan (%) 96.4 2021 yearly 2003 - 2021
Jordan (%) 85.7 2021 yearly 1970 - 2021
Kazakhstan (%) 74.7 Sep 2022 quarterly Mar 2002 - Sep 2022
Kenya (%) 34.5 2021 yearly 2006 - 2021
South Korea (%) 34.9 2021 yearly 1994 - 2021
Kosovo (%) 37.4 2021 yearly 2007 - 2021
Kuwait (%) 58.5 2020 yearly 2014 - 2020
Kyrgyzstan (%) 106.1 2021 yearly 2003 - 2021
Laos (%) 53.8 2021 yearly 1996 - 2021
Latvia (%) 101.5 Sep 2022 quarterly Mar 2000 - Sep 2022
Lebanon (%) 53.0 2020 yearly 2007 - 2020
Lithuania (%) 77.0 2021 yearly 1996 - 2021
Luxembourg (%) 4,874.0 2021 yearly 2002 - 2021
North Macedonia (%) 81.9 2021 yearly 2004 - 2021
Malawi (%) 39.4 2014 yearly 2006 - 2014
Malaysia (%) 70.0 2021 yearly 2009 - 2021
Malta (%) 620.7 2021 yearly 2004 - 2021
Mauritius (%) 2,070.9 2021 yearly 2009 - 2021
Mexico (%) 47.1 2021 yearly 2002 - 2021
Moldova (%) 64.1 2021 yearly 2000 - 2021
Mongolia (%) 221.1 2021 yearly 1992 - 2021
Montenegro (%) 180.1 2021 yearly 2006 - 2021
Morocco (%) 46.9 2021 yearly 1970 - 2021
Mozambique (%) 71.7 2020 yearly 1985 - 2020
Myanmar (%) 16.7 2020 yearly 2018 - 2020
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 412.2 2021 yearly 2003 - 2021
New Zealand (%) 87.2 2021 yearly 1993 - 2021
Nigeria (%) 8.8 2021 yearly 1985 - 2021
Norway (%) 152.8 2021 yearly 2003 - 2021
Pakistan (%) 34.5 2022 yearly 2000 - 2022
Palestinian Territory (%) 11.9 2021 yearly 2012 - 2021
Panama (%) 177.4 2021 yearly 2014 - 2021
Paraguay (%) 51.9 2021 yearly 2000 - 2021
Peru (%) 45.2 2021 yearly 1980 - 2021
Philippines (%) 27.0 2021 yearly 1990 - 2021
Poland (%) 56.6 2021 yearly 1995 - 2021
Portugal (%) 190.6 2021 yearly 1996 - 2021
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 56.6 2021 yearly 1995 - 2021
Russia (%) 26.2 2021 yearly 1993 - 2021
Serbia (%) 68.5 2021 yearly 2000 - 2021
Singapore (%) 448.3 2021 yearly 2003 - 2021
Slovakia (%) 135.1 2021 yearly 1995 - 2021
Slovenia (%) 97.3 2021 yearly 2001 - 2021
South Africa (%) 38.3 2021 yearly 1985 - 2021
Spain (%) 192.9 2021 yearly 1995 - 2021
Sri Lanka (%) 57.7 2020 yearly 1998 - 2020
Sudan (%) 105.1 2020 yearly 2001 - 2020
Sweden (%) 170.4 2021 yearly 1997 - 2021
Switzerland (%) 295.8 2021 yearly 1999 - 2021
Taiwan (%) 27.5 2021 yearly 1999 - 2021
Tajikistan (%) 40.6 2020 yearly 2000 - 2020
Thailand (%) 37.0 Sep 2022 quarterly Mar 2005 - Sep 2022
Tunisia (%) 94.6 2021 yearly 2002 - 2021
Turkey (%) 54.2 2021 yearly 1989 - 2021

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Singapore Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.4 Sep 2022 quarterly Mar 2012 - Sep 2022
Consolidated Fiscal Balance (USD mn) -2,627.904 Dec 2022 monthly Apr 2011 - Dec 2022
Tax Revenue (USD mn) 2,975.366 Dec 2022 monthly Aug 1987 - Dec 2022
Tax Revenue: % of GDP (%) 15.2 Sep 2022 quarterly Dec 1987 - Sep 2022
National Government Debt (USD mn) 743,106.4 Sep 2022 quarterly Mar 1990 - Sep 2022
Government Debt: % of GDP (%) 184.9 Sep 2022 quarterly Mar 1990 - Sep 2022
Forecast: Government Expenditure (SGD bn) 118.703 2028 yearly 1991 - 2028
Forecast: Government Net Debt (SGD bn) 1,105.480 2028 yearly 1991 - 2028
Forecast: Government Revenue (SGD bn) 145.993 2028 yearly 1991 - 2028
Govt Finance: Cash Surplus / Deficit (SGD mn) -3,552.400 Dec 2022 monthly Apr 2011 - Dec 2022
Govt Revenue: Operating (SGD mn) 4,690.200 Dec 2022 monthly Jan 2003 - Dec 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.997 2027 yearly 1980 - 2027
Trade Balance (USD mn) 2,502.4 Nov 2022 monthly Jan 1976 - Nov 2022
Total Exports (USD mn) 39,467.4 Dec 2022 monthly Jan 1976 - Dec 2022
Total Exports Growth (%) -5.5 Dec 2022 monthly Jan 1977 - Dec 2022
Aluminum: Exports (USD th) 638,380.869 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 10,238,420.942 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 7,279,161.100 2021 yearly 1995 - 2021
Total Imports (USD mn) 35,496.6 Dec 2022 monthly Jan 1964 - Dec 2022
Total Imports Growth (%) -6.8 Dec 2022 monthly Jan 1965 - Dec 2022
Imports: Medicament (USD th) 1,940,269.506 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 1,927,137.066 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 3,455.561 Dec 2022 monthly Jan 1976 - Dec 2022
Total Imports from USA (USD mn) 3,931.217 Dec 2022 monthly Jan 1976 - Dec 2022
Total Exports to China (USD mn) 4,715.341 Dec 2022 monthly Jan 1975 - Dec 2022
Total Imports from China (USD mn) 5,653.637 Dec 2022 monthly Jan 1975 - Dec 2022
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
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 8,357.6 Sep 2022 quarterly Mar 1995 - Sep 2022
Current Account Balance (USD mn) 21,730.8 Sep 2022 quarterly Mar 1986 - Sep 2022
Current Account Balance: % of GDP (%) 20.5 Sep 2022 quarterly Mar 1986 - Sep 2022
Foreign Direct Investment (USD mn) 25,249.4 Sep 2022 quarterly Mar 1995 - Sep 2022
Foreign Direct Investment: % of GDP (%) 23.8 Sep 2022 quarterly Mar 1995 - Sep 2022
Foreign Portfolio Investment (USD mn) 6,883.018 Sep 2022 quarterly Mar 1995 - Sep 2022
Foreign Portfolio Investment: % of GDP (%) 6.5 Sep 2022 quarterly Mar 1995 - Sep 2022
External Debt (USD mn) 1,752,297.8 Sep 2022 quarterly Jun 2003 - Sep 2022
External Debt: % of GDP (%) 448.3 2021 yearly 2003 - 2021
External Debt: Short Term (USD mn) 1,200,975.3 Sep 2022 quarterly Jun 2003 - Sep 2022
External Debt: Short Term: % of GDP (%) 311.5 2021 yearly 2003 - 2021
Forecast: Current Account Balance (USD bn) 61.603 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 927,616.645 Sep 2022 quarterly Dec 2013 - Sep 2022
BoP: Official Reserves (OR): Net (SGD mn) -26,442.000 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: FA: Direct Investment: Assets (SGD mn) 11,683.300 Sep 2022 quarterly Mar 1995 - Sep 2022
BoP: FA: Direct Investment: Liabilities (SGD mn) 35,297.000 Sep 2022 quarterly Mar 1995 - Sep 2022
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 9,836.700 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: CA: Goods: Balance (SGD mn) 44,000.200 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: FA: Others: Liabilities (SGD mn) 49,694.900 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: FA: Direct Investment (SGD mn) -23,613.700 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: CA: Primary Income Balance: Receipts (SGD mn) 44,012.000 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: CA: Services: Imports (SGD mn) 83,734.600 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: FA: Others: Assets (SGD mn) 113,770.700 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: CA: Primary Income Balance (SGD mn) -17,455.600 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: CA: Goods: Imports (SGD mn) 164,222.300 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: FA: Portfolio Inv: Assets (SGD mn) 29,022.100 Sep 2022 quarterly Mar 1995 - Sep 2022
BoP: CA: Primary Income Balance: Payment (SGD mn) 61,467.600 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: Net Errors and Omissions (SGD mn) 128.700 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: CA: Goods: Exports (SGD mn) 208,222.500 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: FA: Financial Derivatives (SGD mn) -2,913.300 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: CA: Secondary Income Balance (SGD mn) -2,050.100 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: FA: Others (SGD mn) 64,075.800 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: FA: Portfolio Investment (SGD mn) 19,400.100 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 9,622.000 Sep 2022 quarterly Mar 1995 - Sep 2022
BoP: Financial Account (FA): Net (SGD mn) 56,948.900 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: FA: Financial Derivatives: Assets (SGD mn) 6,923.400 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: CA: Services: Balance (SGD mn) 5,883.700 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: Current Account (CA) Balance (SGD mn) 30,378.200 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: CA: Services: Exports (SGD mn) 89,618.300 Sep 2022 quarterly Mar 1986 - Sep 2022
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
External Debt: Gross (SGD mn) 2,470,312.700 Jun 2022 quarterly Jun 2003 - Jun 2022
External Debt: Gross: OL: OS: Short Term (SGD mn) 318,440.000 Jun 2022 quarterly Jun 2003 - Jun 2022
External Debt: Gross: OL: OS: Long Term (SGD mn) 199,438.900 Sep 2022 quarterly Jun 2003 - Sep 2022
External Debt: Gross: OL: DTC: Long Term (SGD mn) 207,484.500 Sep 2022 quarterly Jun 2003 - Sep 2022
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,367,032.900 Jun 2022 quarterly Jun 2003 - Jun 2022
FDI: By Industry: Manufacturing (SGD mn) 257,025.700 2020 yearly 1998 - 2020
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,189,336.900 2020 yearly 1998 - 2020
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 227,563.600 2020 yearly 1998 - 2020
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 317,755.900 2020 yearly 1998 - 2020
Foreign Direct Investment (FDI): Total (SGD mn) 2,441,550.100 2021 yearly 1998 - 2021
FDI: By Country: United States (SGD mn) 528,735.900 2020 yearly 1998 - 2020
FDI: By Country: United Kingdom (SGD mn) 129,058.000 2021 yearly 1998 - 2021
FDI: By Country: Netherlands (SGD mn) 55,577.800 2021 yearly 1998 - 2021
FDI: By Country: Japan (SGD mn) 139,948.200 2020 yearly 1998 - 2020
FDI: By Country: Switzerland (SGD mn) 82,370.900 2021 yearly 1998 - 2021
Business Entities (BE): Formation: Total (Number) 5,135.000 Dec 2022 monthly Jan 1970 - Dec 2022
SG: BOP: Current Account: Personal Remittances: Received (USD mn) 0.000 2019 yearly 2005 - 2019
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 63.1 Sep 2022 quarterly Mar 1995 - Sep 2022
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 340,142.022 Dec 2022 monthly Mar 2004 - Dec 2022
Money Supply M2 (USD mn) 909,598.774 Dec 2022 monthly Mar 2004 - Dec 2022
M2 Growth (%) 7.8 Dec 2022 monthly Mar 2005 - Dec 2022
Foreign Exchange Reserves (USD mn) 279,804.7 Dec 2022 monthly Apr 2000 - Dec 2022
Foreign Exchange Reserves: % of GDP (%) 65.859 Sep 2022 quarterly Jun 2000 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 7.6 Dec 2022 monthly Apr 2000 - Dec 2022
Gold Reserves (USD mn) 1,794.500 Dec 2022 monthly Apr 2000 - Dec 2022
Total Deposits (USD mn) 1,280,521.113 Dec 2022 monthly Jan 1991 - Dec 2022
Total Deposits Growth (%) 8.3 Dec 2022 monthly Jan 1992 - Dec 2022
Domestic Credit (USD mn) 863,514.0 Dec 2022 monthly Mar 2004 - Dec 2022
Domestic Credit Growth (%) 30.9 Dec 2022 monthly Mar 2005 - Dec 2022
Credit to Households (USD bn) 226.421 Jun 2022 quarterly Mar 1991 - Jun 2022
Credit to Private Non-Financial Sector (USD bn) 812.510 Jun 2022 quarterly Dec 1963 - Jun 2022
Household Debt (USD mn) 277,571.5 Dec 2022 monthly Mar 2004 - Dec 2022
Total Loans (USD mn) 962,403.014 Dec 2022 monthly Mar 2004 - Dec 2022
Total Loans Growth (%) -2.63 Dec 2022 monthly Mar 2005 - Dec 2022
Private Debt: % of Nominal GDP (%) 160.72 Sep 2022 quarterly Mar 2004 - Sep 2022
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: 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
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
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.0 Dec 2022 monthly Jan 2000 - Dec 2022
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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