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 2020 was between 71.5 billion and 536.6 billion USD. The highest level of the last years at 537 billion US Dollar was reached in 2020.

Based on the number of inhabitants, this is a debt of 94,377 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.

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Gross debt of the last 22 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 USD11,232 USD
200184.35 bn USD20,384 USD11,255 USD
200289.97 bn USD21,544 USD12,258 USD
200399.36 bn USD24,148 USD15,286 USD
2004112.27 bn USD26,945 USD17,595 USD
2005121.37 bn USD28,453 USD18,327 USD
2006132.83 bn USD30,180 USD18,877 USD
2007161.85 bn USD35,272 USD20,898 USD
2008186.73 bn USD38,586 USD24,086 USD
2009206.58 bn USD41,419 USD25,361 USD
2010242.88 bn USD47,841 USD26,496 USD
2011291.92 bn USD56,314 USD29,231 USD
2012317.25 bn USD59,718 USD28,174 USD
2013304.60 bn USD56,416 USD29,981 USD
2014312.52 bn USD57,136 USD30,648 USD
2015317.12 bn USD57,294 USD25,918 USD
2016346.96 bn USD61,877 USD26,261 USD
2017374.30 bn USD66,694 USD27,024 USD
2018417.52 bn USD74,045 USD28,448 USD
2019482.45 bn USD84,588 USD27,168 USD
2020536.61 bn USD94,377 USD30,783 USD

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

      Singapore       European Union

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