Singapore skyline

Singapore Public Debt (% of GDP)

Public Debt in Singapore

After almost flatlining in Q1, annual GDP growth is likely accelerating slightly in Q2. Private consumption should be supported by the extra handouts for lower and middle-income households included in the FY 2023 budget. Meanwhile, in April, the Monetary Authority of Singapore (MAS) decided to pause its tightening cycle, capping the pressure on activity. In less positive news, a weaker-than-expected rebound of the Chinese economy curbed non-oil domestic exports in April. In other news, the government doubled the stamp duty for foreigners in April in a bid to cool property prices and increase affordability for current residents. Additionally, record profits posted by local banks recently amid sturdy inflows from wealthy families from abroad bode well for the financial sector.

Singapore Public Debt Chart

This chart displays Public Debt (% of GDP) for Singapore from 2013 to 2022.

Singapore Public Debt Data

2017 2018 2019 2020 2021
Public Debt (% of GDP) 105.9 107.5 124.7 146.6 136.6

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest