Singapore's net lending (+) / net borrowing (-) (current LCU) was 26.36 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 6.95% from 28.33 billion in 2014 (0.72% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 26.36 billion | 2024 |
| Five years earlier | 38.12 billion | 2019 |
| Ten years earlier | 28.33 billion | 2014 |
| Highest | 38.12 billion | 2019 |
| Lowest | -35.51 billion | 2020 |
| Average since 2015 | 16.61 billion | 2015–2024 |
| First recorded | 451 million |
What the numbers say
On record, the biggest yearly rise was 45.27 billion in 2021 and the biggest yearly fall was 73.63 billion in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 4% of the movement over 9 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Singapore had the 9th highest value of the 90 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Singapore in the 2024 ranking
- Denmark — 6th of 90: 122.81 billion
- Kyrgyz Republic — 7th of 90: 50.62 billion
- Macao SAR, China — 8th of 90: 27.87 billion
- Ireland — 10th of 90: 24.8 billion
- Nicaragua — 11th of 90: 16.84 billion
- United Arab Emirates — 12th of 90: 7.87 billion
What this measures
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 52 values
| Year | Net lending (+) / net borrowing (-) (current LCU) |
|---|---|
| 2024 | 26,364,804,247 |
| 2023 | no data |
| 2022 | 10,606,456,858 |
| 2021 | 9,767,829,379 |
| 2020 | -35,505,874,833 |
| 2019 | 38,123,821,147 |
| 2018 | 24,283,874,228 |
| 2017 | 35,872,536,600 |
| 2016 | 22,209,185,941 |
| 2015 | 17,777,700,000 |
Net lending (+) / net borrowing (-) (current LCU) in nearby economies
- Australia — -31.49 billion (2022)
- Cambodia — -5.79 trillion (2023)
- Fiji — -299.35 million (2024)
- Kiribati — -6.29 million (2023)
- Korea, Rep. — -45.65 trillion (2024)
- Lao PDR — 410.33 billion (2022)
- Macao SAR, China — 27.87 billion (2024)
- Malaysia — -80.11 billion (2024)
- Marshall Islands — 12.17 million (2020)
- Micronesia, Fed. Sts.
More public sector data for Singapore
- Arms imports (SIPRI trend indicator values) — 57 million (2025)
- Military expenditure (current USD) — 17.44 billion (2025)
- Military expenditure (current LCU) — 22.79 billion (2025)
- Military expenditure (% of GDP) — 3.05% (2025)
- Net incurrence of liabilities, total (current LCU) — 66.75 billion (2024)
- Net incurrence of liabilities, total (% of GDP) — 8.72% (2024)
- Grants and other revenue (current LCU) — 31.9 billion (2024)
- Grants and other revenue (% of revenue) — 23.51% (2024)
- Revenue, excluding grants (current LCU) — 135.7 billion (2024)
- Revenue, excluding grants (% of GDP)
Reading data like this
Questions people ask
- What is Singapore's net lending (+) / net borrowing (-) (current LCU)?
- 26.36 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1972?
- It is up 5,746% from 451 million in 1972 (8.14% a year on average, compounded). The highest value was 38.12 billion in 2019 and the lowest -35.51 billion in 2020.
- How does Singapore rank?
- 9th highest of 90 economies with data for 2024.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Source
World Bank, World Development Indicators, indicator GC.NLD.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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