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Singapore Government Debt to GDP

General government gross debt as % of GDP  GGXWDG_NGDP

175.61% +2.11% (+1.2%)
Year 2025 Rank #3 Global Peak 175.61% (2025) Source IMF WEO

Singapore Government Debt to GDP (1990–2025)

Overview

Singapore's government debt to gdp stood at 175.61% in 2025, a rise of +2.11% from 2024. The IMF projects 175.61% by 2025. Singapore ranked 3rd globally.

Data & projection

Year Government Debt to GDP YoY change Rank
2030* IMF 178.67% - -
2029* IMF 178.23% - -
2028* IMF 177.79% - -
2027* IMF 177.02% - -
2026* IMF 176.29% - -
2025* IMF 175.61% - -
2025 175.61% +2.11% #3
2024 173.51% +0.71% #186
2023 172.80% +18.50% #185
2022 154.30% +12.57% #184
2021 141.73% −6.48% #182
2020 148.21% +20.29% #182
2019 127.91% +18.54% #183
2018 109.37% +1.73% #180
2017 107.65% +1.34% #179
2016 106.31% +4.14% #175
2015 102.17% +4.42% #175
2014 97.75% −0.44% #172
2013 98.19% −8.54% #172
2012 106.73% +3.60% #176
2011 103.13% +4.46% #176
Show all years (1990-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +14.9% GDP growth 9.8% C/A balance 19.8%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Singapore matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →

Frequently Asked Questions

What is Singapore's government debt to gdp?

Singapore's government debt to gdp was 175.61% in 2025. Ranked 3rd globally. This represents a 1.2% increase from the previous year.

What was the highest government debt to gdp in Singapore?

Singapore's government debt to gdp peaked at 175.61% in 2025.

What was the lowest government debt to gdp in Singapore?

The lowest government debt to gdp in Singapore was 69.82% in 1995.

How does Singapore rank in government debt to gdp?

Singapore ranks 3rd globally in government debt to gdp as of 2025.

What is the World Bank indicator code for government debt to gdp?

The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.

What is the projected government debt to gdp of Singapore in 2025?

Singapore's government debt to gdp is projected to reach 175.61% by 2025 based on IMF projection.

What is the government debt to gdp of Singapore in 2025?

The government debt to gdp of Singapore in 2025 was 175.61%. This ranks 3rd in the world.

Cite this page

APA
Singapore Government Debt to GDP. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/singapore/government-debt-to-gdp
BibTeX
@misc{historysaid_singapore_government-debt-to-gdp, title = {Singapore Government Debt to GDP}, url = {https://historysaid.com/singapore/government-debt-to-gdp}, publisher = {HistorySaid}, year = {2026} }