Singapore Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Singapore's government debt to gdp was 175.61% in 2025, ranked 3rd globally. This represents a 1.2% increase from 2024. Data from IMF WEO, covering 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.
Singapore's government debt to GDP ratio, as reported by the IMF WEO, has exhibited a notable upward trend over the past 36 years. The ratio has consistently ranked among the lowest globally, with the latest value standing at 175.61. Notably, this marks the highest all-time peak, surpassing the previous record set in 1995 when the ratio hit a trough of 69.82. For comparison, Sudan's ratio, for instance, is significantly higher, standing at 221.46. Singapore's debt to GDP ratio has increased steadily since the mid-1990s, when it was 73.51, and has remained above the 100 threshold for over a decade. The recent surge to 175.61, which is comparable to Greece's 146.69, is a cause for attention. This upward trajectory may be influenced by various factors, including Singapore's response to the ongoing economic challenges and the implementation of fiscal policies. A significant shift in the country's economic landscape, such as a substantial increase in oil prices or a major investment in infrastructure, could alter the trajectory of this trend.
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 |
Detected Pattern
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
Singapore's government debt to gdp was 175.61% in 2025. Ranked 3rd globally. This represents a 1.2% increase from the previous year.
Singapore's government debt to gdp peaked at 175.61% in 2025.
The lowest government debt to gdp in Singapore was 69.82% in 1995.
Singapore ranks 3rd globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Singapore's government debt to gdp is projected to reach 175.61% by 2025 based on IMF projection.
The government debt to gdp of Singapore in 2025 was 175.61%. This ranks 3rd in the world.
Cite this page
@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}
}