Singapore Government Debt to GDP — 2026 Data & Trend
Singapore's government debt was 165.74% in December 2025, down from 165.80% the previous year. A year earlier it stood at 165.80%.
Singapore's government debt stands at 165.74% as of December 2025. The government debt currently sits at 165.74% (down from 165.80% in the prior year). Across the tracked window it has ranged between 70.79% and 170.41%, and is 0.05% lower than a year ago.
The trend
Among the 192 economies tracked on this platform, Singapore ranks #4 on government debt by latest value. It fell from 165.80% in the previous year, and compares with a year-earlier 165.80%.
What's driving it
The debt ratio moves with budget deficits, growth, interest costs and the currency; faster nominal growth lowers it, while wide deficits push it up.
Recent readings
| Period | Government debt |
|---|---|
| Dec 2025 | 165.74% |
| Dec 2024 | 165.80% |
| Dec 2023 | 170.41% |
| Dec 2022 | 153.33% |
| Dec 2021 | 139.93% |
| Dec 2020 | 147.11% |
| Dec 2019 | 127.68% |
| Dec 2018 | 109.19% |
Data: Source: IMF — International Reserves and Foreign Currency Liquidity (IRFCL), International Liquidity (IL), Monetary and Financial Statistics (MFS), World Economic Outlook (WEO). Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
How Much Government Debt Does Singapore Have in 2026?
Singapore's government debt was 165.74% in December 2025, down from 165.80% the previous year. A year earlier it stood at 165.80%.
Is the government debt rising or falling in Singapore?
It fell in the latest reading — 165.74% in December 2025 versus 165.80% a year earlier. Year on year it is lower.
What is government debt?
It measures total public debt expressed as a share of gross domestic product (debt-to-GDP).