Singapore Tax Revenue
Tax revenue as % of GDP GC.TAX.TOTL.GD.ZS
Singapore's tax revenue was 14.29% in 2025, ranked 78th globally. This represents a 0.7% increase from 2024. Data from World Bank, covering 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.
Singapore's tax revenue as a percentage of GDP has exhibited a mixed trajectory since 1972, with fluctuations reflective of the country's economic development and policy adjustments. After peaking at 18.92 in 1982, tax revenue declined to an all-time low of 11.58 in 2005, likely due to the country's efforts to stimulate growth and maintain competitiveness. The subsequent recovery has seen Singapore's tax revenue stabilize, with a recent reading of 14.29 in 2025, placing it at 78th globally. Notably, this value is slightly lower than that of peer countries such as Canada, which has a tax revenue to GDP ratio of 14.37. The resilience of Singapore's economy, driven by its strategic location and business-friendly environment, has helped maintain a stable tax revenue base. However, potential changes in global trade policies or shifts in the country's economic landscape could alter this trajectory, potentially pushing tax revenue upwards or downwards in the coming years.
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 |
Detected Pattern
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
Singapore's tax revenue was 14.29% in 2025. Ranked 78th globally. This represents a 0.7% increase from the previous year.
Singapore's tax revenue peaked at 18.92% in 1982.
The lowest tax revenue in Singapore was 11.58% in 2005.
Singapore ranks 78th globally in tax revenue as of 2025.
The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.
Singapore's tax revenue is projected to reach 14.29% by 2025 based on trend extrapolation.
The tax revenue of Singapore in 2025 was 14.29%. This ranks 78th in the world.
Cite this page
@misc{historysaid_singapore_tax-revenue,
title = {Singapore Tax Revenue},
url = {https://historysaid.com/singapore/tax-revenue/},
publisher = {HistorySaid},
year = {2026}
}