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Singapore Tax Revenue

Tax revenue as % of GDP  GC.TAX.TOTL.GD.ZS

14.29% +0.09% (+0.7%)
Year 2025 Rank #78 Global Peak 18.92% (1982) Source World Bank

Singapore Tax Revenue (1972–2025)

Overview

Singapore's tax revenue stood at 14.29% in 2025, a rise of +0.09% from 2024. Based on recent trends, this figure is projected to reach 14.29% by 2025. Singapore ranked 78th globally.

Data & projection

Year Tax Revenue YoY change Rank
2027* trend 15.10% - -
2026* trend 14.69% - -
2025* trend 14.29% - -
2025 14.29% +0.09% #78
2024 14.19% +0.30% #8
2023 13.89% +2.11% #27
2022 11.78% −0.96% #19
2021 12.74% −0.00% #38
2020 12.74% −0.43% #44
2019 13.18% +0.17% #40
2018 13.01% −0.97% #43
2017 13.97% +0.69% #60
2016 13.28% +0.14% #46
2015 13.14% −0.42% #47
2014 13.56% +0.29% #49
2013 13.27% −0.31% #37
2012 13.58% +0.47% #45
2011 13.11% +0.32% #39
Show all years (1972-2025)
* Linear trend extrapolation

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 tax revenue improve within 24 months. View full analysis →

Frequently Asked Questions

What is Singapore's tax revenue?

Singapore's tax revenue was 14.29% in 2025. Ranked 78th globally. This represents a 0.7% increase from the previous year.

What was the highest tax revenue in Singapore?

Singapore's tax revenue peaked at 18.92% in 1982.

What was the lowest tax revenue in Singapore?

The lowest tax revenue in Singapore was 11.58% in 2005.

How does Singapore rank in tax revenue?

Singapore ranks 78th globally in tax revenue as of 2025.

What is the World Bank indicator code for tax revenue?

The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.

What is the projected tax revenue of Singapore in 2025?

Singapore's tax revenue is projected to reach 14.29% by 2025 based on trend extrapolation.

What is the tax revenue of Singapore in 2025?

The tax revenue of Singapore in 2025 was 14.29%. This ranks 78th in the world.

Cite this page

APA
Singapore Tax Revenue. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/singapore/tax-revenue
BibTeX
@misc{historysaid_singapore_tax-revenue, title = {Singapore Tax Revenue}, url = {https://historysaid.com/singapore/tax-revenue}, publisher = {HistorySaid}, year = {2026} }