Singapore—Tax Revenue (% of GDP)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #87 of 139Updated April 2026
Latest Value
14.2%
2024
YoY Change
+2.1%
2023 → 2024
Global Rank
#87
of 139 countries
Maximum
14.9%
2000
Minimum
11.6%
2005
CAGR
-0.2%
25 years
Last
14.2%
Previous
13.9%
Highest
14.9%
Lowest
11.6%
Source
World Bank World Development Indicators
Singapore's tax revenue (% of gdp) was 14.2% in 2024, ranking #87 out of 139 countries. This represents a +2.1% change from 2023. Over the past 25 years, the highest recorded value was 14.9% (2000) and the lowest was 11.6% (2005). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 14.2% | +2.1% |
| 2023 | 13.9% | +17.9% |
| 2022 | 11.8% | -7.5% |
| 2021 | 12.7% | -0.0% |
| 2020 | 12.7% | -3.3% |
| 2019 | 13.2% | +1.3% |
| 2018 | 13.0% | -6.9% |
| 2017 | 14.0% | +5.2% |
| 2016 | 13.3% | +1.1% |
| 2015 | 13.1% | -3.1% |
| 2014 | 13.6% | +2.1% |
| 2013 | 13.3% | -2.3% |
| 2012 | 13.6% | +3.6% |
| 2011 | 13.1% | +2.5% |
| 2010 | 12.8% | -1.3% |
| 2009 | 13.0% | -5.8% |
| 2008 | 13.8% | +7.3% |
| 2007 | 12.8% | +8.4% |
| 2006 | 11.8% | +2.2% |
| 2005 | 11.6% | -0.2% |
| 2004 | 11.6% | -6.8% |
| 2003 | 12.4% | -1.9% |
| 2002 | 12.7% | -13.0% |
| 2001 | 14.6% | -1.8% |
| 2000 | 14.9% |
Top Countries — Tax Revenue (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Nauru | 44.3% | 2020 |
| 2 | Lesotho | 37.3% | 2024 |
| 3 | Namibia | 33.0% | 2023 |
| 4 | Denmark | 31.6% | 2023 |
| 5 | New Zealand | 30.7% | 2023 |
| 6 | Sweden | 27.6% | 2023 |
| 7 | Norway | 27.1% | 2023 |
| 8 | United Kingdom | 27.0% | 2024 |
| 9 | Luxembourg | 26.8% | 2023 |
| 10 | Greece | 26.7% | 2023 |
About This Indicator
Definition
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).