Singapore External Debt: % of GDP

2003 - 2020 | Yearly | % | CEIC Data

Key information about Singapore External Debt: % of GDP

  • Singapore External Debt accounted for 471.3 % of the country's Nominal GDP in 2020, compared with the ratio of 416.7 % in the previous year.
  • Singapore External Debt: % of Nominal GDP data is updated yearly, available from Dec 2003 to Dec 2020.
  • The data reached an all-time high of 504.6 % in Dec 2003 and a record low of 410.0 % 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 20.8 USD bn in Sep 2021.
  • Foreign Direct Investment (FDI) increased by 22.5 USD bn in Dec 2020.
  • Singapore Direct Investment Abroad expanded by 10.7 USD bn in Sep 2021.
  • Its Foreign Portfolio Investment fell by 1.7 USD bn in Sep 2021.
  • The country's External Debt reached 1,669,197.0 in Jun 2021.
  • The country's Nominal GDP was reported at 87.9 USD bn in Dec 2020.

View Singapore's External Debt: % of GDP from 2003 to 2020 in the chart:

Singapore External Debt: % of GDP

What was Singapore's External Debt: % of GDP in 2020?

Singapore External Debt accounted for 471.3 % of the country's Nominal GDP in 2020, compared with the ratio of 416.7 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
471.3 2020 416.7 2019 410.0 2018 504.6 2003 % yearly 2003 - 2020

External Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 65.4 2020 yearly 1991 - 2020
Algeria (%) 2.2 2019 yearly 1970 - 2019
Argentina (%) 70.7 2020 yearly 1994 - 2020
Armenia (%) 102.3 2020 yearly 2000 - 2020
Australia (%) 131.9 2020 yearly 1988 - 2020
Austria (%) 164.9 2020 yearly 1997 - 2020
Azerbaijan (%) 20.7 Dec 2020 quarterly Dec 2001 - Dec 2020
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 70.2 Dec 2020 quarterly Dec 2000 - Dec 2020
Belgium (%) 261.0 2020 yearly 2007 - 2020
Bolivia (%) 38.8 2020 yearly 2006 - 2020
Bosnia and Herzegovina (%) 25.5 2020 yearly 1999 - 2020
Botswana (%) 8.6 2020 yearly 1995 - 2020
Brazil (%) 38.4 2020 yearly 1992 - 2020
Bulgaria (%) 64.6 2020 yearly 1999 - 2020
Cambodia (%) 69.9 2020 yearly 2010 - 2020
Canada (%) 142.5 2020 yearly 1990 - 2020
Chile (%) 82.4 2020 yearly 1971 - 2020
China (%) 16.3 2020 yearly 1985 - 2020
Colombia (%) 56.7 2020 yearly 1970 - 2020
Croatia (%) 86.0 2020 yearly 1998 - 2020
Cyprus (%) 908.4 2020 yearly 2004 - 2020
Czech Republic (%) 75.5 2020 yearly 1995 - 2020
Denmark (%) 157.7 2020 yearly 2005 - 2020
Ecuador (%) 57.1 2020 yearly 1970 - 2020
Egypt (%) 33.9 Sep 2020 quarterly Jun 1999 - Sep 2020
Estonia (%) 91.1 2020 yearly 1996 - 2020
European Union (%) 130.3 2020 yearly 2008 - 2020
Finland (%) 225.2 2020 yearly 1991 - 2020
France (%) 261.7 2020 yearly 2004 - 2020
Georgia (%) 130.2 2020 yearly 1999 - 2020
Germany (%) 163.3 2020 yearly 1999 - 2020
Ghana (%) 34.2 2020 yearly 1999 - 2020
Greece (%) 299.1 2020 yearly 2003 - 2020
Hong Kong SAR, China (%) 516.0 2020 yearly 2001 - 2020
Hungary (%) 155.9 2020 yearly 2006 - 2020
Iceland (%) 83.5 2020 yearly 1989 - 2020
India (%) 21.1 2021 yearly 1970 - 2021
Indonesia (%) 39.4 2020 yearly 2003 - 2020
Iran (%) 1.0 2021 yearly 1994 - 2021
Ireland (%) 701.2 2020 yearly 2002 - 2020
Israel (%) 32.9 2020 yearly 1998 - 2020
Italy (%) 140.2 2020 yearly 2002 - 2020
Ivory Coast (%) 24.0 2018 yearly 1994 - 2018
Japan (%) 92.8 2020 yearly 2003 - 2020
Jordan (%) 82.1 2020 yearly 1970 - 2020
Kazakhstan (%) 96.5 Dec 2020 quarterly Mar 2002 - Dec 2020
Kenya (%) 33.1 2019 yearly 2015 - 2019
South Korea (%) 33.3 2020 yearly 1994 - 2020
Kosovo (%) 37.2 2020 yearly 2007 - 2020
Kuwait (%) 50.5 2020 yearly 2014 - 2020
Kyrgyzstan (%) 112.9 2020 yearly 2003 - 2020
Laos (%) 52.6 2019 yearly 1996 - 2019
Latvia (%) 124.2 Dec 2020 quarterly Mar 2000 - Dec 2020
Lebanon (%) 62.8 2019 yearly 2007 - 2019
Lithuania (%) 75.7 2020 yearly 1996 - 2020
Luxembourg (%) 5,166.8 2020 yearly 2002 - 2020
North Macedonia (%) 80.2 2020 yearly 2004 - 2020
Malawi (%) 39.4 2014 yearly 2006 - 2014
Malaysia (%) 67.6 2020 yearly 2009 - 2020
Malta (%) 677.1 2020 yearly 2004 - 2020
Mauritius (%) 2,062.5 2020 yearly 2009 - 2020
Mexico (%) 42.8 2020 yearly 2002 - 2020
Moldova (%) 70.5 2020 yearly 2000 - 2020
Mongolia (%) 243.1 2020 yearly 1992 - 2020
Montenegro (%) 203.8 2020 yearly 2006 - 2020
Morocco (%) 53.6 2020 yearly 1970 - 2020
Mozambique (%) 71.8 2017 yearly 1985 - 2017
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 443.8 2020 yearly 2003 - 2020
New Zealand (%) 89.9 2020 yearly 1993 - 2020
Nigeria (%) 7.8 2020 yearly 1985 - 2020
Norway (%) 180.9 2020 yearly 2003 - 2020
Pakistan (%) 41.0 2021 yearly 2000 - 2021
Palestinian Territory (%) 35.4 2018 yearly 2012 - 2018
Panama (%) 198.0 2020 yearly 2014 - 2020
Paraguay (%) 53.7 2020 yearly 2000 - 2020
Peru (%) 43.3 2020 yearly 1980 - 2020
Philippines (%) 27.2 2020 yearly 1990 - 2020
Poland (%) 60.6 2020 yearly 1995 - 2020
Portugal (%) 205.2 2020 yearly 1996 - 2020
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 57.9 2020 yearly 1995 - 2020
Russia (%) 31.4 2020 yearly 1993 - 2020
Serbia (%) 61.5 2020 yearly 2000 - 2020
Singapore (%) 471.3 2020 yearly 2003 - 2020
Slovakia (%) 120.5 2020 yearly 1995 - 2020
Slovenia (%) 101.9 2020 yearly 2001 - 2020
South Africa (%) 50.8 2020 yearly 1985 - 2020
Spain (%) 198.8 2020 yearly 1995 - 2020
Sri Lanka (%) 61.1 2020 yearly 1994 - 2020
Sudan (%) 105.1 2020 yearly 2001 - 2020
Sweden (%) 164.1 2020 yearly 1997 - 2020
Switzerland (%) 280.2 2020 yearly 1999 - 2020
Taiwan (%) 28.4 2020 yearly 1999 - 2020
Tajikistan (%) 37.5 2020 yearly 2000 - 2020
Thailand (%) 36.7 Dec 2020 quarterly Mar 2005 - Dec 2020
Tunisia (%) 100.9 2020 yearly 2002 - 2020
Turkey (%) 60.4 2020 yearly 1989 - 2020
Ukraine (%) 80.8 2020 yearly 1993 - 2020

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.8 Dec 2020 quarterly Mar 2012 - Dec 2020
Consolidated Fiscal Balance (USD mn) -14,446.025 Mar 2021 monthly Apr 2011 - Mar 2021
Tax Revenue (USD mn) 4,843.886 Nov 2021 monthly Aug 1987 - Nov 2021
Tax Revenue: % of GDP (%) 16.7 Mar 2021 quarterly Dec 1987 - Mar 2021
National Government Debt (USD mn) 562,855.6 Sep 2021 quarterly Mar 1990 - Sep 2021
Government Debt: % of GDP (%) 150.2 Dec 2020 quarterly Mar 1990 - Dec 2020
Forecast: Government Expenditure (SGD bn) 95.457 2027 yearly 1991 - 2027
Forecast: Government Net Debt (SGD bn) 829.777 2026 yearly 1990 - 2026
Forecast: Government Revenue (SGD bn) 109.722 2027 yearly 1991 - 2027
Govt Finance: Cash Surplus / Deficit (SGD mn) 2,717.000 Nov 2021 monthly Apr 2011 - Nov 2021
Govt Revenue: Operating (SGD mn) 7,337.100 Nov 2021 monthly Jan 2003 - Nov 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.071 2026 yearly 1980 - 2026
Trade Balance (USD mn) 4,603.7 Nov 2021 monthly Jan 1976 - Nov 2021
Total Exports (USD mn) 40,419.6 Nov 2021 monthly Jan 1976 - Nov 2021
Total Exports Growth (%) 27.8 Nov 2021 monthly Jan 1977 - Nov 2021
Aluminum: Exports (USD th) 314,070.457 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 9,466,181.933 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 5,293,850.226 2020 yearly 1995 - 2020
Total Imports (USD mn) 35,815.9 Nov 2021 monthly Jan 1964 - Nov 2021
Total Imports Growth (%) 28.8 Nov 2021 monthly Jan 1965 - Nov 2021
Imports: Medicament (USD th) 2,000,167.680 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 1,864,308.069 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 2,872.956 Jan 2021 monthly Jan 1976 - Jan 2021
Total Imports from USA (USD mn) 3,337.265 Mar 2021 monthly Jan 1976 - Mar 2021
Total Exports to China (USD mn) 5,874.672 Apr 2021 monthly Jan 1975 - Apr 2021
Total Imports from China (USD mn) 4,744.740 Apr 2021 monthly Jan 1975 - Apr 2021
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
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Exports: Indonesia (SGD mn) 3,928.300 Nov 2021 monthly Jan 2003 - Nov 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 10,715.1 Sep 2021 quarterly Mar 1995 - Sep 2021
Current Account Balance (USD mn) 20,789.2 Sep 2021 quarterly Mar 1986 - Sep 2021
Current Account Balance: % of GDP (%) 21.6 Sep 2021 quarterly Mar 1986 - Sep 2021
Foreign Direct Investment (USD mn) 22,522.7 Dec 2020 quarterly Mar 1995 - Dec 2020
Foreign Direct Investment: % of GDP (%) 24.7 Dec 2020 quarterly Mar 1995 - Dec 2020
Foreign Portfolio Investment (USD mn) -1,660.309 Sep 2021 quarterly Mar 1995 - Sep 2021
Foreign Portfolio Investment: % of GDP (%) 0.4 Dec 2020 quarterly Mar 1995 - Dec 2020
External Debt (USD mn) 1,691,907.3 Sep 2021 quarterly Jun 2003 - Sep 2021
External Debt: % of GDP (%) 471.3 2020 yearly 2003 - 2020
External Debt: Short Term (USD mn) 1,166,014.4 Sep 2021 quarterly Jun 2003 - Sep 2021
External Debt: Short Term: % of GDP (%) 320.5 2020 yearly 2003 - 2020
Forecast: Current Account Balance (USD bn) 72.052 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) 1,047,135.311 Dec 2020 quarterly Dec 2013 - Dec 2020
BoP: CA: Primary Income Balance (SGD mn) -13,396.500 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: CA: Goods: Imports (SGD mn) 128,538.600 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: FA: Portfolio Inv: Assets (SGD mn) 27,513.900 Sep 2021 quarterly Mar 1995 - Sep 2021
BoP: Official Reserves (OR): Net (SGD mn) 21,668.700 Jun 2021 quarterly Mar 1986 - Jun 2021
BoP: FA: Direct Investment: Assets (SGD mn) 14,494.300 Sep 2021 quarterly Mar 1995 - Sep 2021
BoP: FA: Portfolio Inv: Liabilities (SGD mn) -2,245.900 Sep 2021 quarterly Mar 1995 - Sep 2021
BoP: Financial Account (FA): Net (SGD mn) -552.500 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: FA: Financial Derivatives: Assets (SGD mn) 3,253.200 Sep 2021 quarterly Mar 2006 - Sep 2021
BoP: CA: Services: Balance (SGD mn) 6,311.100 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: FA: Others: Liabilities (SGD mn) 39,689.100 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: FA: Direct Investment (SGD mn) -23,453.700 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: CA: Primary Income Balance: Receipts (SGD mn) 40,125.500 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: CA: Services: Imports (SGD mn) 61,856.900 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: FA: Others: Assets (SGD mn) 32,379.200 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: FA: Direct Investment: Liabilities (SGD mn) 37,948.000 Sep 2021 quarterly Mar 1995 - Sep 2021
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 2,801.900 Sep 2021 quarterly Mar 2006 - Sep 2021
BoP: CA: Goods: Balance (SGD mn) 37,618.400 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: Current Account (CA) Balance (SGD mn) 28,121.600 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: CA: Services: Exports (SGD mn) 68,168.000 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: Net Errors and Omissions (SGD mn) 1,112.800 Jun 2021 quarterly Mar 1986 - Jun 2021
BoP: CA: Goods: Exports (SGD mn) 166,157.000 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: FA: Financial Derivatives (SGD mn) 451.300 Sep 2021 quarterly Mar 2006 - Sep 2021
BoP: CA: Secondary Income Balance (SGD mn) -2,411.400 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: FA: Others (SGD mn) -7,309.900 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: FA: Portfolio Investment (SGD mn) 29,759.800 Sep 2021 quarterly Mar 1986 - Sep 2021
BoP: CA: Primary Income Balance: Payment (SGD mn) 53,522.000 Sep 2021 quarterly Mar 1986 - Sep 2021
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) 194,594.300 Sep 2021 quarterly Jun 2003 - Sep 2021
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,296,411.400 Sep 2021 quarterly Jun 2003 - Sep 2021
External Debt: Gross: OL: OS: Short Term (SGD mn) 287,036.100 Sep 2021 quarterly Jun 2003 - Sep 2021
External Debt: Gross: OL: OS: Long Term (SGD mn) 185,463.800 Sep 2021 quarterly Jun 2003 - Sep 2021
External Debt: Gross (SGD mn) 2,297,610.100 Sep 2021 quarterly Jun 2003 - Sep 2021
FDI: By Industry: Manufacturing (SGD mn) 222,065.000 2019 yearly 1998 - 2019
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,040,851.000 2019 yearly 1998 - 2019
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 224,165.000 2019 yearly 1998 - 2019
Foreign Direct Investment (FDI): Total (SGD mn) 2,119,611.800 2020 yearly 1998 - 2020
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 282,831.800 2019 yearly 1998 - 2019
FDI: By Country: United States (SGD mn) 527,088.600 2020 yearly 1998 - 2020
FDI: By Country: Switzerland (SGD mn) 72,238.300 2020 yearly 1998 - 2020
FDI: By Country: United Kingdom (SGD mn) 126,950.800 2020 yearly 1998 - 2020
FDI: By Country: Netherlands (SGD mn) 51,790.500 2020 yearly 1998 - 2020
FDI: By Country: Japan (SGD mn) 138,585.800 2020 yearly 1998 - 2020
Business Entities (BE): Formation: Total (Number) 5,356.000 Nov 2021 monthly Jan 1970 - Nov 2021
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 (%) 68.5 Mar 2021 quarterly Mar 1995 - Mar 2021
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 386,159.628 Nov 2021 monthly Mar 2004 - Nov 2021
Money Supply M2 (USD mn) 835,550.346 Nov 2021 monthly Mar 2004 - Nov 2021
M2 Growth (%) 2.9 Jun 2021 monthly Mar 2005 - Jun 2021
Foreign Exchange Reserves (USD mn) 403,361.2 Nov 2021 monthly Apr 2000 - Nov 2021
Foreign Exchange Reserves: % of GDP (%) 107.477 Sep 2021 quarterly Jun 2000 - Sep 2021
Foreign Exchange Reserves: Months of Import (NA) 10.8 Nov 2021 monthly Apr 2000 - Nov 2021
Gold Reserves (USD mn) 1,794.500 Nov 2021 monthly Apr 2000 - Nov 2021
Total Deposits (USD mn) 1,180,627.146 Nov 2021 monthly Jan 1991 - Nov 2021
Total Deposits Growth (%) 9.0 Mar 2021 monthly Jan 1992 - Mar 2021
Domestic Credit (USD mn) 636,611.8 Nov 2021 monthly Mar 2004 - Nov 2021
Domestic Credit Growth (%) 3.3 Jun 2021 monthly Mar 2005 - Jun 2021
Credit to Households (USD bn) 198.740 Jun 2021 quarterly Mar 1991 - Jun 2021
Credit to Private Non-Financial Sector (USD bn) 708.412 Jun 2021 quarterly Dec 1963 - Jun 2021
Household Debt (USD mn) 278,799.3 Nov 2021 monthly Mar 2004 - Nov 2021
Total Loans (USD mn) 514,229.356 Mar 2021 monthly Jan 1980 - Mar 2021
Total Loans Growth (%) 0.37 Apr 2021 monthly Jan 1981 - Apr 2021
Private Debt: % of Nominal GDP (%) 178.51 Dec 2020 quarterly Mar 2004 - Dec 2020
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: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 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: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 0.4 Dec 2021 monthly Jan 2000 - Dec 2021
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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