Singapore—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #8 of 192Updated August 2026
Latest Value
1.8%
2031
YoY Change
+0.0%
2030 → 2031
Global Rank
#8
of 192 countries
Maximum
8.0%
2011
Minimum
-6.7%
2020
CAGR
-3.0%
32 years
Last
1.8%
Previous
1.8%
Highest
8.0%
Lowest
-6.7%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Singapore's fiscal balance (% of GDP) was 3.3% in 2026, ranking #8 out of 192 countries. This represents a +0.0% change from 2030. Over the past 27 years, the highest recorded value was 8.0% (2011) and the lowest was -6.7% (2020). The IMF WEO projects 1.8% by 2031. Data sourced from the IMF World Economic Outlook.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2031 | 1.8% | +0.0% |
| 2030 | 1.8% | -14.3% |
| 2029 | 2.1% | -16.0% |
| 2028 | 2.5% | -13.8% |
| 2027 | 2.9% | -12.1% |
| 2026 | 3.3% | -21.4% |
| 2025 | 4.2% | +10.5% |
| 2024 | 3.8% | +11.8% |
| 2023 | 3.4% | +183.3% |
| 2022 | 1.2% | +9.1% |
| 2021 | 1.1% | +116.4% |
| 2020 | -6.7% | -276.3% |
| 2019 | 3.8% | +2.7% |
| 2018 | 3.7% | -28.8% |
| 2017 | 5.2% | +62.5% |
| 2016 | 3.2% | +10.3% |
| 2015 | 2.9% | -37.0% |
| 2014 | 4.6% | -23.3% |
| 2013 | 6.0% | -17.8% |
| 2012 | 7.3% | -8.8% |
| 2011 | 8.0% | +40.4% |
| 2010 | 5.7% | +5800.0% |
| 2009 | -0.1% | -102.8% |
| 2008 | 3.6% | -49.3% |
| 2007 | 7.1% | +222.7% |
| 2006 | 2.2% | -15.4% |
| 2005 | 2.6% | +23.8% |
| 2004 | 2.1% | +200.0% |
| 2003 | 0.7% | -68.2% |
| 2002 | 2.2% | +83.3% |
| 2001 | 1.2% | -73.9% |
| 2000 | 4.6% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | 3.3% | -21.4% |
| 2027Forecast | 2.9% | -12.1% |
| 2028Forecast | 2.5% | -13.8% |
| 2029Forecast | 2.1% | -16.0% |
| 2030Forecast | 1.8% | -14.3% |
| 2031Forecast | 1.8% | +0.0% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Naoero | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Lesotho | 4.2% | 2026 |
| 7 | Macao SAR, China | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP