Prices & public finance · East Asia & Pacific · High income
Singapore: prices, money and public finance
Inflation is 0.9% (2025), 148th of 180 in the world and 19th of 27 in East Asia & Pacific. GDP deflator is -1.8% (2025), 197th of 209 in the world and 34th of 36 in East Asia & Pacific. Lending rate is 5.2% (2021), 112th of 136 in the world and 14th of 24 in East Asia & Pacific.
Inflation
SingaporeEast Asia & PacificHigh incomeWorld
GDP deflator
SingaporeEast Asia & PacificHigh incomeWorld
13 indicators
Prices & public finance: Singapore in detail
Latest reported value, world rank and rank within East Asia & Pacific; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 0.9%2025 | 148/180 | 19/27 | 1.4% | 2.8% | -0.2% | +1.4 ppsince 2015 | 2.0% | 2.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | -1.8%2025 | 197/209 | 34/36 | 3.9% | 1.1% | -2.2% | −4.9 ppsince 2015 | 2.5% | 2.6% | 3.3% | |
| Lending rateLending interest rate, % | 5.2%2021 | 112/136 | 14/24 | 5.8% | 5.4% | 5.2% | −0.1 ppsince 2011 | — | — | — | |
| Real interest rateReal interest rate, % | -5.2%2021 | 129/136 | 24/24 | 1.9% | 4.2% | 7.6% | −9.4 ppsince 2011 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 1.312025 | 157/210 | 29/36 | 1.72 | 1.36 | 1.38 | −4.9%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 13.6%2024 | 94/142 | 18/25 | 14.9% | 12.8% | 12.7% | ±0.0 ppsince 2014 | 10.8% | 15.3% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 17.7%2024 | 106/142 | 18/25 | 25.7% | 16.8% | 18.0% | −0.3 ppsince 2014 | 17.6% | 26.3% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 17.1%2023 | 113/142 | 20/25 | 15.7% | 12.4% | 25.6% | +4.7 ppsince 2013 | — | 30.1% | 28.5% | |
| Government debtCentral government debt, % of GDP | 167.8%2024 | 1/78 | 1/17 | 83.8% | 101.4% | 150.8% | +68.2 ppsince 2014 | — | — | — | |
| Private creditDomestic credit to private sector, % of GDP | 128.4%2020 | 11/169 | 8/25 | 96.1% | 94.9% | 128.4% | +33.6 ppsince 2010 | 175.5% | 152.1% | 140.3% | |
| Broad moneyBroad money, % of GDP | 147.7%2020 | 6/146 | 6/24 | 103.2% | 123.3% | 147.7% | +24.5 ppsince 2010 | 211.5% | 138.4% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 4.42025 | 83/165 | 18/24 | 5.3 | 5.8 | 6.5 | −19%since 2015 | 11.1 | 7.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 3.05%2025 | 31/156 | 3/18 | 4.51% | 3.38% | 2.81% | ±0.0 ppsince 2015 | 1.72% | 2.80% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
No rated indicator improved over the decade.
Worse than ten years ago
- Inflation+1.4 pp0.9% in 2025
- Government debt+68.2 pp167.8% in 2024
- Reserves, months of imports−19%4.4 in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Singapore and its neighbours
Countries sharing a land border with Singapore. Latest values since 2005; the highest in each row is marked.
| Indicator | Singapore | Indonesia | Malaysia |
|---|---|---|---|
| Inflation | 0.9%2025 | 1.9%2025 | 1.4%2025 |
| GDP deflator | -1.8%2025 | 2.4%2025 | -0.4%2025 |
| Lending rate | 5.2%2021 | 8.5%2025 | 4.8%2025 |
| Real interest rate | -5.2%2021 | 6.0%2025 | 5.3%2025 |
| Exchange rate | 1.312025 | 16,477.872025 | 4.282025 |
| Tax revenue | 13.6%2024 | 11.1%2009 | 12.4%2024 |
| Government revenue | 17.7%2024 | 15.1%2009 | 16.8%2024 |
| Government expense | 17.1%2023 | 15.4%2009 | 17.0%2023 |
| Government debt | 167.8%2024 | 30.0%2009 | 64.6%2024 |