Singapore - Tax revenue (% of GDP)

Tax revenue (% of GDP) in Singapore was 13.24 as of 2019. Its highest value over the past 47 years was 18.92 in 1982, while its lowest value was 11.58 in 2005.

Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1972 14.55
1973 14.79
1974 15.06
1975 16.57
1976 16.00
1977 16.72
1978 15.93
1979 16.04
1980 16.99
1981 17.88
1982 18.92
1983 18.76
1984 17.66
1985 15.66
1986 12.74
1987 13.08
1988 14.07
1989 15.69
1990 14.55
1991 15.18
1992 16.10
1993 16.29
1994 16.61
1995 15.77
1996 15.90
1997 15.31
1998 14.03
1999 14.53
2000 14.86
2001 14.59
2002 12.69
2003 12.45
2004 11.60
2005 11.58
2006 11.83
2007 12.82
2008 13.75
2009 12.95
2010 12.79
2011 13.11
2012 13.58
2013 13.27
2014 13.56
2015 13.14
2016 13.32
2017 13.99
2018 13.05
2019 13.24

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance