National Debt (% of GDP): Singapore
Singapore's national debt (% of gdp) is currently 176.3% as of 2026. # Singapore National Debt (% of GDP) Singapore's national debt reached 176.
Current (2026)
176.3%
+0.4% y/y
Peak (2026)
176.3%
Low (1995)
69.8%
Source
IMF World Economic Outlook
1990–2026 · 41 pts
National Debt (% of GDP) — Singapore
1990 — 2026
National Debt (% of GDP) — Singapore
Analysis# Singapore National Debt (% of GDP)
Singapore's national debt reached 176.3% of GDP in 2026, marking the highest level in the dataset's 40-year history. The figure represents a dramatic shift from 1995's all-time low of 69.8%, reflecting a cumulative increase of 139.9 percentage points since 1990. This upward trajectory accelerated notably after 2017, when debt stood at a more modest 107.6%.
The sharpest climb occurred between 2019 and 2023, with debt jumping from 127.9% to 172.8%—a 44.9 percentage point surge in just four years. This period coincided with elevated government spending and economic pressures. Current projections suggest debt will stabilize near current levels, with 2026 data showing minimal growth from 2025's 175.6%. The persistently high ratio reflects Singapore's shift toward greater fiscal intervention relative to economic output.
Historical Data
41 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 178.7% | +0.28% |
| 2029 | 178.2% | +0.22% |
| 2028 | 177.8% | +0.45% |
| 2027 | 177.0% | +0.40% |
| 2026 | 176.3% | +0.40% |
| 2025 | 175.6% | +1.21% |
| 2024 | 173.5% | +0.41% |
| 2023 | 172.8% | +11.99% |
| 2022 | 154.3% | +8.89% |
| 2021 | 141.7% | -4.39% |
| 2020 | 148.2% | +15.87% |
| 2019 | 127.9% | +16.91% |
| 2018 | 109.4% | +1.67% |
| 2017 | 107.6% | +1.22% |
| 2016 | 106.3% | +4.01% |
| 2015 | 102.2% | +4.61% |
| 2014 | 97.7% | -0.51% |
| 2013 | 98.2% | -7.97% |
| 2012 | 106.7% | +3.49% |
| 2011 | 103.1% | +4.46% |
Show all 41 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 98.7% | -2.95% |
| 2009 | 101.7% | +3.88% |
| 2008 | 97.9% | +11.50% |
| 2007 | 87.8% | +1.50% |
| 2006 | 86.5% | -6.69% |
| 2005 | 92.7% | -3.13% |
| 2004 | 95.7% | -3.43% |
| 2003 | 99.1% | +2.91% |
| 2002 | 96.3% | +1.90% |
| 2001 | 94.5% | +14.82% |
| 2000 | 82.3% | -3.52% |
| 1999 | 85.3% | +0.83% |
| 1998 | 84.6% | +19.49% |
| 1997 | 70.8% | -0.70% |
| 1996 | 71.3% | +2.15% |
| 1995 | 69.8% | -1.27% |
| 1994 | 70.7% | -0.70% |
| 1993 | 71.2% | -9.87% |
| 1992 | 79.0% | +3.40% |
| 1991 | 76.4% | +3.95% |
| 1990 | 73.5% | — |
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