Singapore recorded a Government Debt to GDP of 173.10 percent of the country's Gross Domestic Product in 2024. Government Debt to GDP in Singapore averaged 101.88 percent of GDP from 1993 until 2024, reaching an all time high of 173.10 percent of GDP in 2024 and a record low of 66.90 percent of GDP in 1994. source: Government of Singapore

Government Debt to GDP in Singapore is expected to reach 175.00 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Government Debt to GDP is projected to trend around 176.00 percent of GDP in 2026 and 177.00 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 100.00 Feb 2026
Fiscal Expenditure 19310.30 7581.90 SGD Million Dec 2025
Government Budget -1.60 -0.80 percent of GDP Dec 2023
Government Budget Value -11239.10 5889.70 SGD Million Dec 2025
Government Debt 1303760.20 1286049.40 SGD Million Sep 2025
Government Debt to GDP 173.10 169.50 percent of GDP Dec 2024
Government Revenues 8071.20 13471.60 SGD Million Dec 2025
Government Spending 15632.70 14225.90 SGD Million Sep 2025
Holidays
Military Expenditure 15061.00 14181.50 USD Million Dec 2024


Singapore Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
173.10 169.50 173.10 66.90 1993 - 2024 percent of GDP Yearly