Singapore Interest Payments to Revenue
Interest payments as % of revenue GC.XPN.INTP.RV.ZS
Singapore's interest payments to revenue was 0.44% in 2025, ranked 107th globally. This represents a 7.3% decrease from 2024. Data from World Bank, covering 1972–2025.
Overview
Singapore's interest payments to revenue stood at 0.44% in 2025, a decline of +0.03pp from 2024. Based on recent trends, this figure is projected to reach 0.44% by 2025. Singapore ranked 107th globally.
Singapore's interest payments to revenue ratio has exhibited significant fluctuations over the past 54 years, ranging from a low of 0.00% in 2018 to an all-time peak of 29.32% in 1987. This peak occurred during a period of high inflation and interest rates in the late 1980s, which would have contributed to a substantial increase in interest payments. In contrast, the ratio plummeted to 0.00% in 2018, likely due to low interest rates and a strong fiscal position. Currently, Singapore's ratio stands at 0.44%, ranking 107th globally. This is lower than several peer countries, including Samoa with a ratio of 0.59% and Luxembourg with a ratio of 0.32%. Despite the relatively low ratio, a rise in interest rates or a deterioration in Singapore's fiscal position could cause the ratio to increase. A sustained decline in interest rates or a strengthening of the economy could, however, support a continued decline in the ratio.
Data & projection
| Year | Interest Payments to Revenue | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 0.44% | - | - |
| 2026* trend | 0.44% | - | - |
| 2025* trend | 0.44% | - | - |
| 2025 | 0.44% | −0.03pp | #107 |
| 2024 | 0.47% | +0.06pp | #1 |
| 2023 | 0.42% | −0.01pp | #2 |
| 2022 | 0.42% | +0.08pp | #5 |
| 2021 | 0.35% | −0.15pp | #5 |
| 2020 | 0.50% | +0.08pp | #7 |
| 2019 | 0.42% | +0.42pp | #7 |
| 2018 | 0.00% | −0.00pp | #1 |
| 2017 | 0.00% | −0.00pp | #2 |
| 2016 | 0.00% | +0.00pp | #1 |
| 2015 | 0.00% | +0.00pp | #1 |
| 2014 | 0.00% | −0.00pp | #1 |
| 2013 | 0.00% | −0.00pp | #1 |
| 2012 | 0.00% | −0.00pp | #2 |
| 2011 | 0.01% | −0.00pp | #1 |
Detected Pattern
Analysis
Singapore matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw interest payments to revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Singapore's interest payments to revenue was 0.44% in 2025. Ranked 107th globally. This represents a 7.3% decrease from the previous year.
Singapore's interest payments to revenue peaked at 29.32% in 1987.
The lowest interest payments to revenue in Singapore was 0.00% in 2018.
Singapore ranks 107th globally in interest payments to revenue as of 2025.
The World Bank indicator code is GC.XPN.INTP.RV.ZS. Data sourced from World Bank.
Singapore's interest payments to revenue is projected to reach 0.44% by 2025 based on trend extrapolation.
The interest payments to revenue of Singapore in 2025 was 0.44%. This ranks 107th in the world.
Cite this page
@misc{historysaid_singapore_interest-to-revenue,
title = {Singapore Interest Payments to Revenue},
url = {https://historysaid.com/singapore/interest-to-revenue/},
publisher = {HistorySaid},
year = {2026}
}