The ratio of national debt to gross domestic product (GDP) of Singapore amounted to about 174.30 percent in 2024. Between 1990 and 2024, the ratio rose by approximately 100.79 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by around 3.70 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Key information about Singapore Government Debt: % of GDP

• Singapore Government debt accounted for 173.1 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 171.7 % in the previous quarter.
• Singapore government debt to GDP ratio data is updated quarterly, available from Mar 1990 to Dec 2024.
• The data reached an all-time high of 173.1 % in Dec 2024 and a record low of 66.9 % in Dec 1994.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Singapore Department of Statistics provides Government Debt in local currency and Nominal GDP in local currency.


Related information about Singapore Government Debt: % of GDP

• In the latest reports, Singapore National Government Debt reached 926.5 USD bn in Dec 2024.
• The country's Nominal GDP reached 120.6 USD bn in Mar 2023.

Singapore recorded a Government Debt to GDP of 173.10 percent of the country's Gross Domestic Product in 2024. This dataset provides - Singapore Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Singapore Household Debt: % of GDP

• Singapore household debt accounted for 51.9 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 52.0 % in the previous quarter.
• Singapore household debt to GDP ratio is updated quarterly, available from Mar 1995 to Dec 2024.
• The data reached an all-time high of 96.0 % in Sep 2003 and a record low of 51.1 % in Mar 2023.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Singapore Department of Statistics provides Household Debt in local currency and Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household Debt covers household debt from all lenders.


Related information about Singapore Household Debt: % of GDP

• In the latest reports, Singapore Household Debt reached 278.8 USD bn in Jan 2025.
• Money Supply M2 in Singapore increased 6.7 % YoY in Jan 2025.
• Singapore Foreign Exchange Reserves was measured at 363.3 USD bn in Jan 2025.
• The Foreign Exchange Reserves equaled 9.0 Months of Import in Jan 2025.
• Singapore Domestic Credit reached 887.0 USD bn in Jan 2025, representing an increased of 6.1 % YoY.
• The country's Non Performing Loans Ratio stood at 1.3 % in Dec 2019, compared with the ratio of 1.4 % in the previous quarter.

Key information about Singapore External Debt

• Singapore External Debt reached 2,153.0 USD bn in Sep 2024, compared with 2,034.0 USD bn in the previous quarter.
• Singapore External Debt: USD mn data is updated quarterly, available from Jun 2003 to Sep 2024.
• The data reached an all-time high of 2,153.0 USD bn in Sep 2024 and a record low of 485.1 USD bn in Jun 2003.

CEIC converts quarterly External Debt into USD. The Singapore Department of Statistics provides External Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Related information about Singapore External Debt

• In the latest reports of Singapore, Current Account recorded a surplus of 25.9 USD bn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 35.6 USD bn in Sep 2024.
• Singapore Direct Investment Abroad expanded by 12.8 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 8.3 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 120.6 USD bn in Mar 2023.

Debt-To-Equity-Ratio Time Series for Singapore Airlines Limited. Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services under the Singapore Airlines and Scoot brands in East Asia, Europe, South West Pacific, the Americas, West Asia and Africa, and internationally. It operates through The Full-Service Carrier, The Low-Cost Carrier, and Engineering Services segments. The company offers engineering services, pilot training services, air charters, and related services; refurbishes aircraft galleys; lifestyle reward app; and sells merchandise. It also provides aircraft maintenance services, including technical and non-technical handling at the airport; line maintenance services; maintenance, repair, and overhaul of aircraft and cabin components/systems; repair and overhaul of hydromechanical equipment; aviation insurance; and airframe maintenance and overhaul services, as well as manufactures aircraft cabin equipment and tooling for the aerospace industry. In addition, the company offers marketing and supporting portal services for the air cargo industry, as well as travel-related retail services; and payment and related services. Further, it provides travel booking and related services through an online portal; and educational support services. Singapore Airlines Limited was founded in 1947 and is based in Singapore.

The statistic shows the national debt of countries in the ASEAN region of Asia in relation to gross domestic product (GDP) from 2020 to 2030. The ASEAN (Association of Southeast Asian Nations) countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. In 2021, the national debt of Myanmar amounted to ***** percent of the country's gross domestic product.

Key information about Singapore Private Debt: % of Nominal GDP

• Singapore Private Debt accounted for 128.28 % of its Nominal GDP in Dec 2024, compared with a ratio of 126.48 % in the previous quarter
• Singapore Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 2004 to Dec 2024, with an average share of 141.92 %
• The data reached an all-time high of 175.47 % in Mar 2021 and a record low of 108.72 % in Mar 2006

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. The Monetary Authority of Singapore provides Private Debt in local currency. The Singapore Department of Statistics provides Nominal GDP in local currency. Private Debt includes Financial Sector. Private Debt prior to Q3 2021 covers transactions from Domestic Banking Units and Asian Currency Units.

External Debt in Singapore decreased to 2972559.60 SGD Million in the first quarter of 2025 from 2977381.90 SGD Million in the fourth quarter of 2024. This dataset provides - Singapore External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Singapore UOB: Debt to Equity Ratio data was reported at 9.152 NA in Jun 2018. This records an increase from the previous number of 8.575 NA for Mar 2018. Singapore UOB: Debt to Equity Ratio data is updated quarterly, averaging 8.873 NA from Dec 2001 (Median) to Jun 2018, with 67 observations. The data reached an all-time high of 10.638 NA in Dec 2008 and a record low of 7.190 NA in Sep 2002. Singapore UOB: Debt to Equity Ratio data remains active status in CEIC and is reported by CEIC Data. The data is categorized under World Trend Plus’s ASEAN: Banking Sector – Table 003: Individual Banks: UOB.

Households Debt in Singapore decreased to 44.30 percent of GDP in the fourth quarter of 2024 from 44.40 percent of GDP in the third quarter of 2024. This dataset provides - Singapore Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Singapore Household Debt

• Singapore Household Debt reached 278.8 USD bn in Jan 2025, compared with the reported number of 276.2 USD bn in the previous month
• Singapore Household Debt: USD mn data is updated monthly, available from Mar 2004 to Jan 2025
• The data reached an all-time high of 290.3 USD bn in Sep 2024 and a record low of 58.0 USD bn in Apr 2004

CEIC converts monthly Household Debt into USD. The Monetary Authority of Singapore provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt covers Housing and Consumer Loans from Residents and Non-Residents. Household Debt prior to July 2021 covers Housing and Consumer Loans from Domestic Banking Units and Asian Currency Units.


Further information about Singapore Household Debt

• In the latest reports, Singapore Household Debt accounted for 52.0 % of the country's Nominal GDP in Sep 2024
• Money Supply M2 in Singapore increased 994.1 USD bn YoY in Jan 2025
• Singapore Foreign Exchange Reserves was measured at 363.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 9.0 Months of Import in Jan 2025
• Singapore Domestic Credit reached 887.0 USD bn in Jan 2025, representing an increased of 6.1 % YoY

Singapore - Debt sec, variable rate, issued by FC, in all markets at all original maturities denominated in all currencies at nominal value stocks

Key information about Singapore External Debt: % of GDP

• Singapore External Debt accounted for 391.1 % of the country's Nominal GDP in 2023, compared with the ratio of 379.4 % in the previous year.
• Singapore External Debt: % of Nominal GDP data is updated yearly, available from Dec 2003 to Dec 2023.
• The data reached an all-time high of 504.6 % in Dec 2003 and a record low of 379.4 % in Dec 2022.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. The Singapore Department of Statistics provides External Debt in local currency and Nominal GDP in local currency.


Related information about Singapore External Debt: % of GDP

• In the latest reports of Singapore, Current Account recorded a surplus of 27.7 USD bn in Mar 2024.
• Foreign Direct Investment (FDI) increased by 40.2 USD bn in Mar 2024.
• Singapore Direct Investment Abroad expanded by 15.5 USD bn in Mar 2024.
• Its Foreign Portfolio Investment increased by 8.5 USD bn in Mar 2024.
• The country's External Debt reached 2,000,568.7 in Mar 2024.
• The country's Nominal GDP was reported at 120.6 USD bn in Mar 2023.

This scatter chart displays central government debt (% of GDP) against death rate (per 1,000 people) in Singapore. The data is about countries per year.

Singapore - Debt sec, variable rate, issued by ODC, in all markets at all original maturities denominated in all currencies at nominal value stocks

Key information about Singapore External Debt: Short Term

• Singapore External Debt: Short Term value stood at 1,370.9 USD bn in Sep 2024, compared with 1,307.8 USD bn in the previous quarter.
• Singapore External Debt: Short Term data is updated quarterly, available from Jun 2003 to Sep 2024.
• The data reached an all-time high of 1,370.9 USD bn in Sep 2024 and a record low of 426.9 USD bn in Jun 2003.

CEIC calculates Short Term External Debt as the sum of Short Term External Debt breakdowns for Deposit-Taking Corporations and Other Sectors and converts it into USD. The Singapore Department of Statistics provides Short Term External Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Related information about Singapore External Debt: Short Term

• In the latest reports of Singapore, Current Account recorded a surplus of 25.9 USD bn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 35.6 USD bn in Sep 2024.
• Singapore Direct Investment Abroad expanded by 12.8 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 8.3 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 120.6 USD bn in Mar 2023.

Graph and download economic data for Exchange Rate Adjusted Changes of Domestic Debt Securities for All Issuers, Residence of Issuer in Singapore (DSAMRIAOAERSG) from Q2 1989 to Q4 2022 about Singapore, adjusted, debt, exchange rate, residents, securities, domestic, and rate.

Interest payments (% of revenue) in Singapore was reported at 0.418 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Interest payments (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Singapore - Debt sec, variable rate, issued by central bank, in all markets at all original maturities denominated in all currencies at nominal value stocks