Singapore vs United States

Singapore vs United States: Government debt

Government debt: 165.8% of GDP in Singapore in 2024 and 124.4% of GDP in United States in 2025, by IMF estimates. In 2024 the value was higher in Singapore, by 43.5 percentage points, or 1.36 times that in United States.

% of GDP · IMF

Singapore vs United States: Government debtGovernment debt: 165.8% of GDP in Singapore in 2024 and 124.4% of GDP in United States in 2025, by IMF estimates. In 2024 the value was higher in Singapore, by 43.5 percentage points, or 1.36 times that in United States.
SingaporeUnited StatesIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Singapore has been higher since 2017, when it overtook United States.
  • The IMF projection (World Economic Outlook, October 2026) puts Singapore at 169.2% of GDP and United States at 145% of GDP in 2031.

Every year

% of GDP · IMF

YearSingaporeUnited States
2025165.7124.4
2024165.8122.3
2023170.4120
2022153.3119.2
2021139.9125
2020147.1132.6
2019127.7108.8
2018109.2107.7
2017107.3106.5
2016105.9107.5
2015102.1105.5
201497.8105
201398.2105
2012106.7103.7
2011103.1100
201098.795.7
2009101.787.1
200897.973.9
200787.865
200686.564.6
200592.765.8
200495.766.4
200399.159
200296.355.9
200194.553.5
200082.3–
199985.3–
199884.7–
199770.8–
199671.3–
199569.8–
199470.7–
199371.2–
199279–
199176.4–
199073.5–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearSingaporeUnited States
2026166.4126.8
2027167.1128.7
2028167.9132.3
2029168.5136.4
2030169140.7
2031169.2145

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Singapore vs United States

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