Central government debt, total (% of GDP) for Singapore
DEBTTLSGA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
175.60
Year-over-Year Change
67.58%
Date Range
1/1/1990 - 1/1/2023
Summary
This economic trend measures Singapore's central government debt as a percentage of its gross domestic product (GDP), providing insight into the government's fiscal position and debt sustainability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The central government debt-to-GDP ratio is a key indicator of a country's fiscal health and creditworthiness. It represents the total outstanding debt owed by the central government relative to the size of the economy, which is useful for evaluating a government's ability to service its debt obligations.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF).
Historical Context
Policymakers and investors monitor this trend to assess Singapore's fiscal stability and gauge the government's capacity to manage its debt burden.
Key Facts
- Singapore's central government debt-to-GDP ratio was 126.7% in 2021.
- The ratio has increased significantly from 99.5% in 2019 due to the COVID-19 pandemic.
- Singapore maintains one of the highest government debt levels among advanced economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding debt owed by the central government of Singapore as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The central government debt-to-GDP ratio is a key indicator of a country's fiscal health and creditworthiness, allowing policymakers and investors to assess Singapore's ability to manage its debt burden.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Policymakers and investors monitor this trend to evaluate Singapore's fiscal stability and the government's capacity to service its debt obligations.
Q: Are there update delays or limitations?
A: The data is updated annually by the IMF, with potential delays in availability depending on the reporting timeline.
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Citation
U.S. Federal Reserve, Central government debt, total (% of GDP) for Singapore (DEBTTLSGA188A), retrieved from FRED.