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Singapore - Tax Revenue 2024

Name: Singapore Tax Revenue 2024
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Tax revenue as % of GDP · World Bank

14.19% +0.30% from 2023 Global rank: 8th

Singapore's tax revenue was 14.19% in 2024, increased +0.30% from 13.89% in 2023. This was the 8th highest globally.

Global Ranking - 2024▾

Tax Revenue by Country - 2024
Rank	Country	Value	YoY
1st	Somalia, Fed. Rep.	0.00%	4.9%
2nd	United Arab Emirates	0.65%	5.0%
3rd	Angola	7.74%	-12.7%
4th	Saudi Arabia	8.18%	4.9%
5th	United States	10.89%	0.7%
6th	Paraguay	11.40%	12.5%
7th	Tanzania	12.80%	11.4%
8th	Singapore	14.19%	2.1%
9th	Canada	14.23%	1.0%
10th	Dominican Republic	14.70%	1.3%
11th	Thailand	15.26%	-1.5%
12th	Colombia	15.28%	-13.0%
13th	Brazil	15.41%	9.7%
14th	Mongolia	16.85%	17.9%
15th	Türkiye	17.62%	-3.3%
16th	Uruguay	18.16%	-2.7%
17th	Bosnia and Herzegovina	20.31%	6.5%
18th	Kyrgyz Republic	20.38%	3.9%
19th	Mauritius	20.53%	-0.3%
20th	Ukraine	21.03%	20.4%
21st	El Salvador	21.50%	3.8%
22nd	Mozambique	21.85%	-2.3%
23rd	Armenia	22.37%	-0.1%
24th	Botswana	22.49%	20.2%
25th	Georgia	24.26%	2.8%
26th	United Kingdom	26.96%	0.3%
27th	Lesotho	37.28%	-7.3%

FAQ

What was Singapore's tax revenue in 2024?▾

Singapore's tax revenue in 2024 was 14.19%. This ranked 8th globally.

How did Singapore's tax revenue change in 2024?▾

Singapore's tax revenue increased by 2.1% in 2024 compared to 2023.

Which country had the highest tax revenue in 2024?▾

Lesotho had the highest tax revenue in 2024 at 37.28%.

What is the tax revenue of Singapore in 2024?▾

The tax revenue of Singapore in 2024 was 14.19%. This ranked 8th globally.

How does 2024 compare to 2023 for Singapore's tax revenue?▾

Singapore's tax revenue went from 13.89% in 2023 to 14.19% in 2024, a 2.1% increase.

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