Singapore External Debt: Short Term: % of GDP

2003 - 2023 | Yearly | % | CEIC Data

Key information about Singapore External Debt: Short Term: % of GDP

  • Singapore External Debt: Short Term accounted for 254.2 % of the country's Nominal GDP in 2023, compared with the ratio of 243.8 % in the previous year.
  • Singapore External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 2003 to 2023.
  • The data reached an all-time high of 444.2 % in 2003 and a record low of 243.8 % in 2022.

CEIC calculates Short Term External Debt as % of Nominal GDP from quarterly Short Term External Debt and annual Nominal GDP. Short Term External Debt is calculated as the sum of Short Term External Debt breakdowns for Deposit-Taking Corporations and Other Sectors. The Singapore Department of Statistics provides Short Term External Debt in local currency and Nominal GDP in local currency.


Related information about Singapore External Debt: Short Term: % of GDP

  • In the latest reports of Singapore, Current Account recorded a surplus of 27.7 USD bn in Mar 2024.
  • Foreign Direct Investment (FDI) increased by 40.2 USD bn in Mar 2024.
  • Singapore Direct Investment Abroad expanded by 15.5 USD bn in Mar 2024.
  • Its Foreign Portfolio Investment increased by 8.5 USD bn in Mar 2024.
  • Singapore External Debt: Short Term value stood at 1,297.1 USD bn in Dec 2023.
  • The country's Nominal GDP was reported at 120.6 USD bn in Mar 2023.

View Singapore's External Debt: Short Term: % of GDP from 2003 to 2023 in the chart:

Singapore External Debt: Short Term: % of GDP

What was Singapore's External Debt: Short Term: % of GDP in 2023?

Singapore External Debt: Short Term accounted for 254.2 % of the country's Nominal GDP in 2023, compared with the ratio of 243.8 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
254.2 2023 243.8 2022 243.8 2022 444.2 2003 % yearly 2003 - 2023

External Debt: Short Term: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 5.3 2022 yearly 1991 - 2022
Algeria (%) 0.8 2022 yearly 1977 - 2022
Argentina (%) 16.5 2023 yearly 2003 - 2023
Armenia (%) 12.8 2023 yearly 2000 - 2023
Australia (%) 22.9 2023 yearly 1988 - 2023
Austria (%) 48.1 2023 yearly 1997 - 2023
Azerbaijan (%) 0.6 2022 yearly 1993 - 2022
Bangladesh (%) 3.6 2023 yearly 2012 - 2023
Belarus (%) 14.5 Mar 2024 quarterly Dec 2000 - Mar 2024
Belgium (%) 91.0 2023 yearly 2007 - 2023
Bolivia (%) 0.0 2019 yearly 2000 - 2019
Bosnia and Herzegovina (%) 11.4 2021 yearly 1999 - 2021
Botswana (%) 0.8 2021 yearly 1994 - 2021
Brazil (%) 3.7 2023 yearly 1999 - 2023
Bulgaria (%) 8.9 2023 yearly 1999 - 2023
Canada (%) 58.9 2023 yearly 1990 - 2023
Chile (%) 7.3 2023 yearly 1971 - 2023
China (%) 7.7 2023 yearly 1985 - 2023
Colombia (%) 9.0 2023 yearly 1970 - 2023
Croatia (%) 20.4 2022 yearly 1999 - 2022
Cyprus (%) 87.3 2023 yearly 2008 - 2023
Czech Republic (%) 31.5 2023 yearly 1995 - 2023
Denmark (%) 59.1 2023 yearly 2005 - 2023
Ecuador (%) 1.0 2023 yearly 1970 - 2023
Egypt (%) 7.1 2023 yearly 1990 - 2023
Estonia (%) 26.5 2023 yearly 1996 - 2023
Finland (%) 90.1 2023 yearly 1991 - 2023
France (%) 110.0 2023 yearly 2004 - 2023
Georgia (%) 13.7 2023 yearly 2006 - 2023
Germany (%) 56.4 2023 yearly 2004 - 2023
Greece (%) 81.7 2023 yearly 2003 - 2023
Hong Kong SAR, China (%) 300.3 2023 yearly 2001 - 2023
Hungary (%) 14.4 2023 yearly 1995 - 2023
Iceland (%) 8.3 2023 yearly 1989 - 2023
India (%) 3.5 2024 yearly 1990 - 2024
Indonesia (%) 3.8 2023 yearly 2003 - 2023
Iran (%) 0.1 2023 yearly 1994 - 2023
Ireland (%) 214.2 2023 yearly 2002 - 2023
Israel (%) 10.2 2023 yearly 2000 - 2023
Italy (%) 59.6 2022 yearly 2002 - 2022
Ivory Coast (%) 2.4 2022 yearly 1970 - 2022
Japan (%) 77.7 2023 yearly 2003 - 2023
Jordan (%) 33.5 2023 yearly 2000 - 2023
Kazakhstan (%) 7.3 2023 yearly 1992 - 2023
Kenya (%) 2.3 2022 yearly 1996 - 2022
South Korea (%) 7.7 2023 yearly 1994 - 2023
Kosovo (%) 13.1 2022 yearly 2007 - 2022
Kyrgyzstan (%) 8.0 2023 yearly 2003 - 2023
Latvia (%) 45.9 2023 yearly 2000 - 2023
Lithuania (%) 31.9 2023 yearly 2004 - 2023
Luxembourg (%) 1,146.4 2023 yearly 2002 - 2023
North Macedonia (%) 23.6 2022 yearly 2004 - 2022
Malawi (%) 0.6 2019 yearly 2002 - 2019
Malaysia (%) 28.5 2023 yearly 2009 - 2023
Malta (%) 169.1 2023 yearly 2004 - 2023
Mauritius (%) 63.4 2023 yearly 2009 - 2023
Mexico (%) 3.4 2023 yearly 2002 - 2023
Moldova (%) 18.5 2023 yearly 2000 - 2023
Mongolia (%) 9.4 2023 yearly 1992 - 2023
Montenegro (%) 3.2 2022 yearly 2007 - 2022
Morocco (%) 7.8 2022 yearly 1970 - 2022
Mozambique (%) 4.3 2022 yearly 1984 - 2022
Myanmar (%) 0.1 2020 yearly 2018 - 2020
Netherlands (%) 153.3 2023 yearly 2003 - 2023
New Zealand (%) 29.9 2023 yearly 2000 - 2023
Nigeria (%) 0.2 2020 yearly 2008 - 2020
Norway (%) 51.9 2022 yearly 2012 - 2022
Pakistan (%) 0.9 2023 yearly 2006 - 2023
Palestinian Territory (%) 3.7 2023 yearly 2012 - 2023
Panama (%) 59.0 2021 yearly 1970 - 2021
Paraguay (%) 11.6 2021 yearly 2002 - 2021
Peru (%) 4.3 2023 yearly 1980 - 2023
Philippines (%) 3.9 2023 yearly 2005 - 2023
Poland (%) 8.7 2023 yearly 2004 - 2023
Portugal (%) 60.5 2023 yearly 1996 - 2023
Romania (%) 14.9 2023 yearly 2004 - 2023
Russia (%) 4.4 2023 yearly 2001 - 2023
Serbia (%) 4.0 2022 yearly 2000 - 2022
Singapore (%) 254.2 2023 yearly 2003 - 2023
Slovakia (%) 42.9 2023 yearly 2006 - 2023
Slovenia (%) 32.8 2023 yearly 2001 - 2023
South Africa (%) 8.4 2023 yearly 1994 - 2023
Spain (%) 67.3 2023 yearly 2000 - 2023
Sri Lanka (%) 11.5 2022 yearly 1998 - 2022
Sudan (%) 15.7 2021 yearly 1970 - 2021
Sweden (%) 56.5 2023 yearly 1997 - 2023
Switzerland (%) 116.8 2023 yearly 1999 - 2023
Taiwan (%) 25.3 2023 yearly 1999 - 2023
Tajikistan (%) 6.8 2022 yearly 1993 - 2022
Thailand (%) 15.4 2023 yearly 1980 - 2023
Tunisia (%) 28.0 2023 yearly 2002 - 2023
Turkey (%) 16.0 2023 yearly 1989 - 2023
Ukraine (%) 5.4 2023 yearly 2009 - 2023
United Kingdom (%) 199.7 2023 yearly 1979 - 2023
United States (%) 30.0 2023 yearly 2003 - 2023
Uruguay (%) 10.4 2023 yearly 1999 - 2023
Venezuela (%) 0.2 2017 yearly 1997 - 2017
Vietnam (%) 9.3 2022 yearly 1985 - 2022
Yemen (%) 1.8 2017 yearly 1991 - 2017

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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: Net Errors and Omissions (SGD mn) -1,800.900 Mar 2024 quarterly Mar 1986 - Mar 2024
BoP: Official Reserves (OR): Net (SGD mn) 13,193.400 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: Direct Investment (SGD mn) -46,682.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Goods: Exports (SGD mn) 181,091.200 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: FA: Financial Derivatives: Liabilities (SGD mn) -1,496.300 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: CA: Primary Income Balance: Receipts (SGD mn) 54,446.100 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Primary Income Balance (SGD mn) -30,668.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Financial Derivatives (SGD mn) -2,225.900 Dec 2023 quarterly Mar 2006 - 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: CA: Goods: Imports (SGD mn) 135,981.100 Mar 2024 quarterly Mar 1986 - Mar 2024
BoP: CA: Services: Imports (SGD mn) 105,745.600 Mar 2024 quarterly Mar 1986 - Mar 2024
BoP: CA: Secondary Income Balance (SGD mn) -1,586.000 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: FA: Others: Assets (SGD mn) 54,852.100 Mar 2024 quarterly Mar 1986 - Mar 2024
BoP: FA: Portfolio Inv: Assets (SGD mn) 49,523.600 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Others (SGD mn) 8,617.700 Mar 2024 quarterly Mar 1986 - Mar 2024
BoP: FA: Financial Derivatives: Assets (SGD mn) -3,094.700 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: CA: Primary Income Balance: Payment (SGD mn) 85,114.100 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Services: Balance (SGD mn) 13,743.600 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Services: Exports (SGD mn) 115,850.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: Current Account (CA) Balance (SGD mn) 34,411.400 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Portfolio Investment (SGD mn) 32,491.500 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: Short Term (SGD mn) 320,129.700 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
Foreign Direct Investment (FDI): Total (SGD mn) 2,618,994.200 2022 yearly 1998 - 2022
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,476,535.300 2022 yearly 1998 - 2022
FDI: By Industry: Manufacturing (SGD mn) 323,144.100 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 Country: United Kingdom (SGD mn) 138,604.600 2022 yearly 1998 - 2022
FDI: By Country: Switzerland (SGD mn) 80,150.900 2022 yearly 1998 - 2022
FDI: By Country: Netherlands (SGD mn) 70,409.500 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
Business Entities (BE): Formation: Total (Number) 6,382.000 May 2024 monthly Jan 1970 - May 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) 355,748.1 May 2024 monthly Apr 2000 - May 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) 7,192.300 May 2024 monthly Apr 2000 - May 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: 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: 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) 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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