Fiscal Balance in Singapore
The fiscal balance averaged -0.4% of GDP in the decade to 2021, above the Asia-Pacific average of -3.6% of GDP. The fiscal balance in Singapore in 2021 was 0.2% of GDP. For more fiscal balance information, visit our dedicated page.
Singapore Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for Singapore from 2014 to 2023.
Source: Macrobond.
Singapore Fiscal Balance Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | 0.2 | -10.7 | 0.2 | -0.1 | -1.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Singapore fiscal balance projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for Singapore fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Singapore fiscal balance projections.
Want to get access to the full dataset of Singapore fiscal balance forecasts? Send an email to info@focus-economics.com.