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Singapore

Tax-to-GDP Ratio: 13.0% (-22.7% vs OECD Average)

Data year: 2024

Fiscal Balance

Revenue
18.5% of GDP
Spending
16.4% of GDP
Surplus +2.1% of GDP
Gross Debt 168.0% of GDP

Budget Flow

Revenue Spending
Personal Income Tax (2.5%)Corporate Income Tax (3.8%)Social Security Contributions (3.4%)VAT / Sales Tax (1.8%)Property Taxes (1.0%)Other Taxes (0.5%)Economic Affairs (3.8%)Defence (3.0%)Education (2.7%)Health (2.3%)General Public Services (2.1%)Public Order & Safety (1.5%)Housing & Community (1.2%)Environmental Protection (0.4%)Recreation, Culture & Religion (0.4%)Surplus (2.1%)

Tax Revenue Breakdown

Total: 13.0% GDP

Compared to OECD Average

Tax Burden by Income Level

Tax Wedge by Income Level

Single, no children

Who Pays?

Individuals 45%
Corporations 29%
Other 25%

% of total tax revenue

67% of avg wage (low income)
25.5%
100% of avg wage (median)
27.5%
167% of avg wage (high income)
30%

Government Spending Breakdown

Economic Affairs
3.8%
#14/17
Defence
3.0%
#2/17
Education
2.7%
#17/17
Health
2.3%
#17/17
General Public Services
2.1%
#17/17
Public Order & Safety
1.5%
#10/17
Housing & Community
1.2%
#2/17
Environmental Protection
0.4%
#14/16
Recreation, Culture & Religion
0.4%
#15/17
% of GDP
vs others
Q1–Q3 median Singapore

What does the spending achieve?

Health Spending vs Life Expectancy

This country Other countries

Education Spending vs PISA Score

This country Other countries
Life Expectancy 82.9 years
Infant Mortality 1.7 per 1,000 births
PISA Average Score 560