Singapore - Revenue, excluding grants (% of GDP)

Revenue, excluding grants (% of GDP) in Singapore was 21.04 as of 2019. Its highest value over the past 47 years was 28.73 in 1983, while its lowest value was 16.78 in 2010.

Definition: Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here.

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

See also:

Year Value
1972 21.20
1973 20.40
1974 20.16
1975 22.92
1976 22.27
1977 23.81
1978 22.88
1979 23.12
1980 24.60
1981 25.69
1982 26.64
1983 28.73
1984 27.44
1985 26.35
1986 25.46
1987 28.42
1988 25.93
1989 25.62
1990 25.35
1991 25.36
1992 26.60
1993 28.69
1994 25.99
1995 25.61
1996 27.94
1997 26.83
1998 26.91
1999 27.58
2000 25.68
2001 24.35
2002 21.18
2003 19.43
2004 18.78
2005 18.18
2006 17.90
2007 19.25
2008 20.41
2009 17.05
2010 16.78
2011 17.02
2012 17.48
2013 17.24
2014 18.02
2015 18.00
2016 18.48
2017 20.18
2018 18.23
2019 21.04

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