Singapore - Expense (% of GDP)

Expense (% of GDP) in Singapore was 14.24 as of 2019. Its highest value over the past 47 years was 27.00 in 1987, while its lowest value was 10.92 in 1994.

Definition: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.

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

See also:

Year Value
1972 15.00
1973 13.84
1974 13.21
1975 15.19
1976 15.49
1977 16.41
1978 15.36
1979 15.42
1980 15.32
1981 17.85
1982 16.18
1983 16.51
1984 18.79
1985 17.95
1986 22.66
1987 27.00
1988 18.98
1989 17.55
1990 17.07
1991 17.88
1992 16.54
1993 14.58
1994 10.92
1995 11.93
1996 16.16
1997 13.63
1998 15.72
1999 14.77
2000 15.72
2001 18.17
2002 16.15
2003 15.94
2004 14.39
2005 12.59
2006 13.06
2007 12.15
2008 14.50
2009 14.30
2010 12.41
2011 12.77
2012 12.38
2013 12.38
2014 13.15
2015 15.93
2016 14.46
2017 14.30
2018 14.73
2019 14.24

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