Budget balance — all countries

Budget balance — Singapore

Budget balance in Singapore in 2031 — 1.8%. Ranked 14 in the world out of 188. Since 1990, the indicator has fallen by 0.2 pp.

2031 1.8% +0 pp vs 2030
World rank 14of 188
Period maximum 8%2011
Period minimum -6.7%2020

Trend over time

1990–2031 · % of GDP

Budget balance — Singapore, 1990–2031-10-505101990199520002005201020152020202520301990: 2%1991: 0.7%1992: 2.7%1993: 4.4%1994: 7.9%1995: 4.8%1996: 2%1997: 5.7%1998: 2.4%1999: 5.2%2000: 4.6%2001: 1.2%2002: 2.2%2003: 0.7%2004: 2.1%2005: 2.6%2006: 2.2%2007: 7.1%2008: 3.6%2009: -0.1%2010: 5.7%2011: 8%2012: 7.3%2013: 6%2014: 4.6%2015: 2.9%2016: 3.2%2017: 5.2%2018: 3.7%2019: 3.8%2020: -6.7%2021: 1.1%2022: 1.2%2023: 3.4%2024: 3.8%2025: 4.2%2026: 3.3%2027: 2.9%2028: 2.5%2029: 2.1%2030: 1.8%2031: 1.8%
Change over the period: −0.2 pp Annual average: 0 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Singapore

Singapore 1.8%
World computed -4.85%
East Asia & Pacific computed -5.66%
South-Eastern Asia computed -1.82%
High-income countries computed -4.26%
Budget balance — Singapore, by year Singapore All countries CSV XLSX
Year % Change, pp
2031 1.8 +0 pp
2030 1.8 −0.3 pp
2029 2.1 −0.4 pp
2028 2.5 −0.4 pp
2027 2.9 −0.4 pp
2026 3.3 −0.9 pp
2025 4.2 +0.4 pp
2024 3.8 +0.4 pp
2023 3.4 +2.2 pp
2022 1.2 +0.1 pp
2021 1.1 +7.8 pp
2020 -6.7 −10.5 pp
2019 3.8 +0.1 pp
2018 3.7 −1.5 pp
2017 5.2 +2 pp
2016 3.2 +0.3 pp
2015 2.9 −1.7 pp
2014 4.6 −1.4 pp
2013 6 −1.3 pp
2012 7.3 −0.7 pp
2011 8 +2.3 pp
2010 5.7 +5.8 pp
2009 -0.1 −3.7 pp
2008 3.6 −3.5 pp
2007 7.1 +4.9 pp
2006 2.2 −0.4 pp
2005 2.6 +0.5 pp
2004 2.1 +1.4 pp
2003 0.7 −1.5 pp
2002 2.2 +1 pp
2001 1.2 −3.4 pp
2000 4.6 −0.6 pp
1999 5.2 +2.8 pp
1998 2.4 −3.3 pp
1997 5.7 +3.7 pp
1996 2 −2.8 pp
1995 4.8 −3.1 pp
1994 7.9 +3.5 pp
1993 4.4 +1.7 pp
1992 2.7 +2 pp
1991 0.7 −1.3 pp
1990 2

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.