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 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.

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.

Government Debt in Singapore increased to 1286049.40 SGD Million in the second quarter of 2025 from 1284861.90 SGD Million in the first quarter of 2025. This dataset provides - Singapore Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Singapore SG: Gross External Debt: General Government: Short Term: Debt Securities data was reported at 0.000 USD mn in Mar 2018. This stayed constant from the previous number of 0.000 USD mn for Dec 2017. Singapore SG: Gross External Debt: General Government: Short Term: Debt Securities data is updated quarterly, averaging 0.000 USD mn from Sep 2003 (Median) to Mar 2018, with 59 observations. Singapore SG: Gross External Debt: General Government: Short Term: Debt Securities 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: QEDS: Gross External Debt: by Sector and Instrument.

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.

As of December 2024, Japan held United States treasury securities totaling about 1.06 trillion U.S. dollars. Foreign holders of United States treasury debt According to the Federal Reserve and U.S. Department of the Treasury, foreign countries held a total of 8.5 trillion U.S. dollars in U.S. treasury securities as of December 2024. Of the total held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 759 billion U.S. dollars in U.S. securities. The U.S. public debt In 2023, the United States had a total public national debt of 33.2 trillion U.S. dollars, an amount that has been rising steadily, particularly since 2008. In 2023, the total interest expense on debt held by the public of the United States reached 678 billion U.S. dollars, while 197 billion U.S. dollars in interest expense were intra governmental debt holdings. Total outlays of the U.S. government were 6.1 trillion U.S. dollars in 2023. By 2029, spending is projected to reach 8.3 trillion U.S. dollars.

Singapore SG: Gross External Debt: General Government: Short Term: Trade Credit and Advances data was reported at 0.000 USD mn in Mar 2018. This stayed constant from the previous number of 0.000 USD mn for Dec 2017. Singapore SG: Gross External Debt: General Government: Short Term: Trade Credit and Advances data is updated quarterly, averaging 0.000 USD mn from Sep 2003 (Median) to Mar 2018, with 59 observations. Singapore SG: Gross External Debt: General Government: Short Term: Trade Credit and Advances 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: QEDS: Gross External Debt: by Sector and Instrument.

Indonesia External Debt: Country: Singapore data was reported at 65.447 USD bn in May 2019. This records a decrease from the previous number of 65.496 USD bn for Apr 2019. Indonesia External Debt: Country: Singapore data is updated monthly, averaging 48.657 USD bn from Jan 2008 (Median) to May 2019, with 137 observations. The data reached an all-time high of 65.496 USD bn in Apr 2019 and a record low of 16.088 USD bn in Feb 2008. Indonesia External Debt: Country: Singapore data remains active status in CEIC and is reported by Directorate General of Budget Financing and Risk Management. The data is categorized under Indonesia Premium Database’s Government and Public Finance – Table ID.FA012: External Debt: by Country and International Organisations.

Singapore SG: Gross External Debt: General Government: Long Term: Special Drawing Rights data was reported at 0.000 USD mn in Jun 2018. This stayed constant from the previous number of 0.000 USD mn for Mar 2018. Singapore SG: Gross External Debt: General Government: Long Term: Special Drawing Rights data is updated quarterly, averaging 0.000 USD mn from Sep 2003 (Median) to Jun 2018, with 60 observations. Singapore SG: Gross External Debt: General Government: Long Term: Special Drawing Rights 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.QEDS: Gross External Debt: by Sector and Instrument.

Singapore SG: Gross External Debt: General Government: Short Term: Currency and Deposits data was reported at 0.000 USD mn in Mar 2018. This stayed constant from the previous number of 0.000 USD mn for Dec 2017. Singapore SG: Gross External Debt: General Government: Short Term: Currency and Deposits data is updated quarterly, averaging 0.000 USD mn from Sep 2003 (Median) to Mar 2018, with 59 observations. Singapore SG: Gross External Debt: General Government: Short Term: Currency and Deposits 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: QEDS: Gross External Debt: by Sector and Instrument.

Indonesia External Debt: Government: Country: Singapore data was reported at 432.122 USD mn in May 2019. This records a decrease from the previous number of 461.351 USD mn for Apr 2019. Indonesia External Debt: Government: Country: Singapore data is updated monthly, averaging 321.403 USD mn from Jan 2008 (Median) to May 2019, with 137 observations. The data reached an all-time high of 663.058 USD mn in Mar 2016 and a record low of 68.438 USD mn in Apr 2009. Indonesia External Debt: Government: Country: Singapore data remains active status in CEIC and is reported by Directorate General of Budget Financing and Risk Management. The data is categorized under Indonesia Premium Database’s Government and Public Finance – Table ID.FA012: External Debt: by Country and International Organisations.

External Debt: Central Bank: Country: Singapore data was reported at 120.771 USD mn in Sep 2017. This stayed constant from the previous number of 120.771 USD mn for Aug 2017. External Debt: Central Bank: Country: Singapore data is updated monthly, averaging 355.593 USD mn from Jan 2008 (Median) to Sep 2017, with 117 observations. The data reached an all-time high of 501.969 USD mn in Jan 2009 and a record low of 120.664 USD mn in Jul 2017. External Debt: Central Bank: Country: Singapore data remains active status in CEIC and is reported by Directorate General of Budget Financing and Risk Management. The data is categorized under Indonesia Premium Database’s Government and Public Finance – Table ID.FA012: External Debt: by Country and International Organisations.

SG：国际货币基金组织预测：一般政府：债务总额：占国内生产总值百分比在12-01-2023达116.740%，相较于12-01-2022的116.330%有所增长。SG：国际货币基金组织预测：一般政府：债务总额：占国内生产总值百分比数据按年更新，12-01-1990至12-01-2023期间平均值为95.015%，共34份观测结果。该数据的历史最高值出现于12-01-2023，达116.740%，而历史最低值则出现于12-01-1995，为67.358%。CEIC提供的SG：国际货币基金组织预测：一般政府：债务总额：占国内生产总值百分比数据处于定期更新的状态，数据来源于International Monetary Fund，数据归类于Global Database的新加坡 – 表SG.IMF.FM：政府财政统计。

Key information about Singapore Domestic Credit

• Singapore Domestic Credit reached 887.0 USD bn in Jan 2025, compared with a reported figure of 873.2 USD bn in the previous month
• Singapore Domestic Credit data is updated monthly
• It is available from Mar 2004 to Jan 2025 and averaged 477.9 USD bn
• The data reached an all-time high of 903.8 USD bn in Sep 2024 and a record low of 105.8 USD bn in Nov 2005

CEIC calculates monthly Domestic Credit from monthly Gross Domestic Credit less monthly Government Deposits. CEIC converts Domestic Credit into USD. The Monetary Authority of Singapore provides Domestic Credit in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Domestic Credit prior to July 2021 covers transactions from Domestic Banking Units and Asian Currency Units.


Further information about Singapore Domestic Credit

• In the latest reports, Singapore Domestic Credit represented an increased of 6.1 % YoY in Jan 2025
• Money Supply M2 in Singapore increased to 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
• 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
• Household Debt of Singapore reached 52.0 % in Sep 2024, accounting for 52.0 % of the country's Nominal GDP

External Debt: Government: Country: Singapore在2019-05达432.122 美元 百万，相较于2019-04的461.351 美元 百万有所下降。External Debt: Government: Country: Singapore数据按月度更新，2008-01至2019-05期间平均值为321.403 美元 百万，共137份观测结果。该数据的历史最高值出现于2016-03，达663.058 美元 百万，而历史最低值则出现于2009-04，为68.438 美元 百万。CEIC提供的External Debt: Government: Country: Singapore数据处于定期更新的状态，数据来源于Directorate General of Budget Financing and Risk Management，数据归类于Indonesia Premium Database的Government and Public Finance – Table ID.FA012: External Debt: by Country and International Organisations。

SG：外债总额：一般政府：短期：其他负债在03-01-2018达0.000百万美元，相较于12-01-2017的0.000百万美元保持不变。SG：外债总额：一般政府：短期：其他负债数据按季更新，09-01-2003至03-01-2018期间平均值为0.000百万美元，共59份观测结果。CEIC提供的SG：外债总额：一般政府：短期：其他负债数据处于定期更新的状态，数据来源于World Bank，数据归类于Global Database的新加坡 – 表 SG.世界银行：QEDS：外债总额：by Sector and Instrument。