household debts in Singapore

Gross debt in Singapore

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Singapore in the period from 1998 to 2021 was between 71.5 billion and 650.6 billion USD. The highest level of the last years at 651 billion US Dollar was reached in 2021.

Based on the number of inhabitants, this is a debt of 119,302 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,827 USD.

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Gross debt of the last 23 years in billion USD

YearSingapore totalSingapore per capitaEU per capita
199871.51 bn USD18,209 USD14,079 USD
199975.81 bn USD19,150 USD14,032 USD
200080.55 bn USD19,998 USD11,241 USD
200184.35 bn USD20,384 USD11,263 USD
200289.97 bn USD21,544 USD12,266 USD
200399.36 bn USD24,148 USD15,295 USD
2004112.27 bn USD26,945 USD17,606 USD
2005121.37 bn USD28,453 USD18,337 USD
2006132.83 bn USD30,180 USD18,887 USD
2007161.85 bn USD35,272 USD20,910 USD
2008186.73 bn USD38,586 USD24,100 USD
2009206.58 bn USD41,419 USD25,376 USD
2010242.88 bn USD47,841 USD26,515 USD
2011291.92 bn USD56,314 USD29,254 USD
2012317.25 bn USD59,718 USD28,198 USD
2013304.60 bn USD56,416 USD30,008 USD
2014312.52 bn USD57,136 USD30,677 USD
2015317.12 bn USD57,294 USD25,944 USD
2016346.89 bn USD61,864 USD26,287 USD
2017374.46 bn USD66,722 USD27,108 USD
2018416.39 bn USD73,846 USD28,543 USD
2019481.06 bn USD84,343 USD27,264 USD
2020528.20 bn USD92,898 USD30,919 USD
2021650.62 bn USD119,302 USD33,827 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Singapore       European Union

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