Singapore Government Debt to GDP — 2026 Data & Trend
Singapore's government debt was 167.80% in December 2024, down from 173.62% the previous year. A year earlier it stood at 173.62%.
Singapore's government debt stands at 167.80% as of December 2024. The government debt currently sits at 167.80% (down from 173.62% in the prior year). Across the tracked window it has ranged between 70.28% and 173.62%, and is 5.82% lower than a year ago.
The trend
Among the 121 economies tracked on this platform, Singapore ranks #4 on government debt by latest value. It fell from 173.62% in the previous year, and compares with a year-earlier 173.62%.
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 2024 | 167.80% |
| Dec 2023 | 173.62% |
| Dec 2022 | 152.53% |
| Dec 2021 | 147.76% |
| Dec 2020 | 150.82% |
| Dec 2019 | 127.85% |
| Dec 2018 | 110.44% |
| Dec 2017 | 108.84% |
Data: The World Bank — World Development Indicators (CC BY 4.0) 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 167.80% in December 2024, down from 173.62% the previous year. A year earlier it stood at 173.62%.
Is the government debt rising or falling in Singapore?
It fell in the latest reading — 167.80% in December 2024 versus 173.62% 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).