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.

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.

Graph and download economic data for Central government debt, total (% of GDP) for Singapore (DEBTTLSGA188A) from 1990 to 2023 about Singapore, debt, government, and GDP.

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.

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: % 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.

Graph and download economic data for Outstanding International Public Debt Securities to GDP for Singapore (DDDM06SGA156NWDB) from 1980 to 1988 about Singapore, public, debt, securities, and GDP.

Central government debt, total (% of GDP) in Singapore was reported at 176 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Central government debt, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

Singapore SG: Central Government Debt: Total: % of GDP data was reported at 112.331 % in 2017. This records an increase from the previous number of 104.648 % for 2016. Singapore SG: Central Government Debt: Total: % of GDP data is updated yearly, averaging 94.472 % from Mar 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 112.331 % in 2017 and a record low of 70.199 % in 1995. Singapore SG: Central Government Debt: Total: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Government Revenue, Expenditure and Finance. Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average;

Household debt to GDP, in percent in Singapore, December, 2024 The most recent value is 44.3 percent as of December 2024, a decline compared to the previous value of 44.4 percent. Historically, the average for Singapore from March 1999 to December 2024 is 52.95 percent. The minimum of 41.5 percent was recorded in March 1999, while the maximum of 66.9 percent was reached in December 2014. | TheGlobalEconomy.com

Singapore: Government debt as percent of GDP: The latest value from 2023 is 174.84 percent, an increase from 158.25 percent in 2022. In comparison, the world average is 61.85 percent, based on data from 137 countries. Historically, the average for Singapore from 1990 to 2023 is 99.09 percent. The minimum value, 69.82 percent, was reached in 1995 while the maximum of 174.84 percent was recorded in 2023.

According to this statistic, the ratio of national debt to gross domestic product (GDP) of Singapore amounts to approximately 174.94 percent in 2025.Fluctuating rise between 1990 and 2025Compared to the earliest depicted observation from 1990 there is a total increase by approximately 101.43 percentage points. Looking at the trajectory between 1990 and 2025, one can observe that this increase however did not happen continuously.Continuous rise between 2025 and 2030The ratio will lie at roughly 178 percent in 2030, according to forecasts. This indicates an overall increase by approximately 3.06 percentage points since 2025. This growth reflects a steady 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 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.

Singapore SG: General Government: Gross Debt: % of GDP data was reported at 116.740 % in 2023. This records an increase from the previous number of 116.330 % for 2022. Singapore SG: General Government: Gross Debt: % of GDP data is updated yearly, averaging 95.015 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 116.740 % in 2023 and a record low of 67.358 % in 1995. Singapore SG: General Government: Gross Debt: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Singapore – Table SG.IMF.FM: Government Finance Statistics.

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 59.24 percent of the country's gross domestic product.

Gross portfolio debt liabilities to GDP (%) in Singapore was reported at 20.56 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Gross portfolio debt liabilities to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about Singapore National Government Debt

• Singapore National Government Debt reached 926.5 USD bn in Dec 2024, compared with 962.6 USD bn in the previous quarter.
• Singapore National Government Debt data is updated quarterly, available from Mar 1990 to Dec 2024.
• The data reached an all-time high of 962.6 USD bn in Sep 2024 and a record low of 25.2 USD bn in Mar 1990.

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


Related information about Singapore National Government Debt

• In the latest reports, Singapore Consolidated Fiscal Balance registered a surplus equal to 0.4 % of its Nominal GDP in Dec 2024.
• The country's Government debt accounted for 173.1 % of its Nominal GDP in Dec 2024.
• Singapore Nominal GDP reached 120.6 USD bn in Mar 2023.

This line chart displays central government debt (% of GDP) by date using the aggregation average, weighted by gdp in Singapore. The data is about countries per year.