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Economy of Singapore vs South Sudan compared: GDP & Debt

Updated on by Georank team

Singapore has a GDP of $547B compared to $12B for South Sudan, ranking 28/197 and 149/197 by economy size, respectively.

Singapore has $950B in government debt (173.5% of GDP), compared to $7.04B (50.7% of GDP) in South Sudan.

Singapore vs South Sudan GDP by year

Singapore
South Sudan
1x
Year GDP, current $
Singapore South Sudan
2024 $547,386,645,892 -
2023 $505,439,514,078 -
2022 $509,017,841,147 -
2021 $436,591,382,250 -
2020 $349,165,858,545 -
2019 $376,161,998,830 -
2018 $377,123,710,561 -
2017 $343,673,334,902 -
2016 $319,646,468,521 -
2015 $307,998,545,269 $11,997,800,760
2014 $314,863,580,758 $13,962,212,847
2013 $307,576,360,585 $18,426,469,017
2012 $295,092,888,077 $11,931,472,169
2011 $279,356,499,090 $14,907,308,933
2010 $239,807,980,591 $14,602,072,411
2009 $194,150,283,772 $12,231,264,525
2008 $193,617,323,539 $14,586,253,383
2007 $180,941,701,358 -
2006 $148,627,286,361 -
2005 $127,807,848,728 -
2004 $115,033,593,101 -
2003 $97,646,401,096 -
2002 $92,538,372,870 -
2001 $89,793,790,670 -
2000 $96,076,539,926 -
1999 $86,286,849,755 -
1998 $85,728,207,782 -
1997 $100,123,787,215 -
1996 $96,293,086,513 -
1995 $87,812,540,788 -
1994 $73,688,724,431 -
1993 $60,603,815,716 -
1992 $52,131,320,033 -
1991 $45,466,164,978 -
1990 $36,144,336,769 -
1989 $30,465,364,739 -
1988 $25,371,462,488 -
1987 $20,919,215,578 -
1986 $18,586,746,057 -
1985 $19,156,532,746 -
1984 $19,749,361,098 -
1983 $17,784,112,150 -
1982 $16,084,252,378 -
1981 $14,175,228,844 -
1980 $11,896,256,783 -
1979 $9,296,921,724 -
1978 $7,517,176,355 -
1977 $6,618,585,074 -
1976 $6,327,077,974 -
1975 $5,633,673,930 -
1974 $5,221,534,956 -
1973 $3,696,213,333 -
1972 $2,721,440,981 -
1971 $2,263,785,444 -
1970 $1,920,574,150 -
1969 $1,659,893,768 -
1968 $1,425,706,091 -
1967 $1,238,035,816 -
1966 $1,096,425,608 -
1965 $974,644,096 -
1964 $894,153,311 -
1963 $917,608,012 -
1962 $826,239,212 -
1961 $764,629,788 -
1960 $704,751,700 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/singapore/south-sudan | CC BY

GDP per capita in Singapore vs South Sudan by year

Singapore
GDP per capita

GDP per capita, PPP
South Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Singapore South Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $90,674 $150,689 - -
2023 $85,412 $143,786 - -
2022 $90,299 $143,095 - -
2021 $80,056 $132,617 - -
2020 $61,410 $101,518 - -
2019 $65,952 $105,335 - -
2018 $66,882 $103,963 - -
2017 $61,236 $95,744 - -
2016 $57,006 $89,902 - -
2015 $55,646 $87,156 $1,080 $1,155
2014 $57,565 $84,555 $1,243 $1,373
2013 $56,967 $83,088 $1,650 $1,917
2012 $55,548 $82,108 $1,109 $1,417
2011 $53,891 $80,052 $1,449 $2,718
2010 $47,237 $75,401 $1,498 $2,948
2009 $38,927 $66,213 $1,323 $2,911
2008 $40,009 $67,735 $1,654 $2,887
2007 $39,433 $68,805 - -
2006 $33,768 $64,061 - -
2005 $29,961 $58,822 - -
2004 $27,608 $54,384 - -
2003 $23,730 $48,778 - -
2002 $22,160 $45,083 - -
2001 $21,700 $43,109 - -
2000 $23,853 $43,781 - -
1999 $21,797 $39,949 - -
1998 $21,829 $37,560 - -
1997 $26,376 $39,286 - -
1996 $26,233 $36,873 - -
1995 $24,915 $35,090 - -
1994 $21,552 $33,058 - -
1993 $18,290 $30,062 - -
1992 $16,136 $27,022 - -
1991 $14,502 $25,530 - -
1990 $11,862 $23,815 - -
1989 $10,395 - - -
1988 $8,914 - - -
1987 $7,539 - - -
1986 $6,800 - - -
1985 $7,002 - - -
1984 $7,228 - - -
1983 $6,633 - - -
1982 $6,078 - - -
1981 $5,597 - - -
1980 $4,928 - - -
1979 $3,901 - - -
1978 $3,194 - - -
1977 $2,846 - - -
1976 $2,759 - - -
1975 $2,490 - - -
1974 $2,342 - - -
1973 $1,685 - - -
1972 $1,264 - - -
1971 $1,071 - - -
1970 $926 - - -
1969 $813 - - -
1968 $709 - - -
1967 $626 - - -
1966 $567 - - -
1965 $517 - - -
1964 $486 - - -
1963 $511 - - -
1962 $472 - - -
1961 $449 - - -
1960 $428 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/singapore/south-sudan | CC BY

Singapore's GDP per capita is $90,674, ranking 7/197, compared to $1,080 in South Sudan, ranking 175/197. Adjusted for purchasing power (GDP per capita PPP), Singapore ranks 2nd at $150,689, while South Sudan ranks 197th at $1,155.

Economic indicators

Singapore South Sudan
Gross domestic product
$547B
2024
$12B
2015
GDP rank
28/197
2024
149/197
2015
GDP growth
4.39%
2023-2024
-10.8%
2014-2015
GDP per capita
$90,674
2024
$1,080
2015
GDP per capita rank
7/197
2024
175/197
2015
GDP per capita, PPP
$150,689
2024
$1,155
2015
GDP per capita PPP rank
2/197
2024
197/197
2015
Government debt
$950B
2024
$7.04B
2015
Debt-to-GDP ratio
173.5%
2024
50.7%
2024
Government debt per person
$157,326
2024
$633
2015
Government debt per person rank
1/185
2024
158/185
2015
Average annual personal income after taxes
$52,793
2026
$1,305
2026
Market capitalization of domestic companies
$638B
2024
n/a
Number of millionaires
331,000
2025
n/a
Number of billionaires
49
2025
n/a
Income share by richest 10% n/a
33%
2016
Income share by poorest 10% n/a
1.8%
2016
Government expenditure, % of GDP
14.6%
2024
18.1%
2024
Consumer prices inflation
2.39%
2023-2024
91.4%
2023-2024
Central bank interest rate n/a
15%
2023
Unemployment rate
2.74%
2024
12.3%
2008
Population
6125852
12507858

Spending and national debt comparison by year

Singapore
Spending

Debt
South Sudan
Spending

Debt
1x
Year % of GDP
Singapore South Sudan
Government spending Government debt Government spending Government debt
2024 14.6% 173.5% 18.1% 50.7%
2023 14.8% 172.8% 21.4% 51.9%
2022 15% 154.3% 29.4% 37.3%
2021 15.6% 141.7% 44.1% 50.2%
2020 24.1% 148.2% 34.1% 49%
2019 14% 127.9% 47.9% 43.1%
2018 13.9% 109.4% 54.5% 77.6%
2017 13.6% 107.6% 97% 178.3%
2016 15.3% 106.3% 66.5% 164.7%
2015 14.4% 102.2% 34% 58.6%
2014 12.6% 97.7% 35.8% 37.7%
2013 10.9% 98.2% 25.3% 17.6%
2012 9.83% 106.7% 31.6% 8.91%
2011 9.66% 103.1% 20.8% -
2010 10.2% 98.7% - -
2009 15.9% 101.7% - -
2008 14% 97.9% - -
2007 9.01% 87.8% - -
2006 12.3% 86.5% - -
2005 12.4% 92.7% - -
2004 14.1% 95.7% - -
2003 15.6% 99.1% - -
2002 15.9% 96.3% - -
2001 18.2% 94.5% - -
2000 16.1% 82.3% - -
1999 15.9% 85.3% - -
1998 18.1% 84.6% - -
1997 14.5% 70.8% - -
1996 18.1% 71.3% - -
1995 13.8% 69.8% - -
1994 11.7% 70.7% - -
1993 14.5% 71.2% - -
1992 14.5% 79% - -
1991 15.9% 76.4% - -
1990 15.1% 73.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/singapore/south-sudan | CC BY

In 2024, Singapore's government spending was $79.7B, accounting for 14.6% of its GDP, while South Sudan spent $4.08B, or 18.1% of GDP.

Debt-to-GDP ratio is 173.5% in Singapore and 50.7% in South Sudan, ranking 4/185 and 105/185, respectively.

Government deficit by year

Deficit/surplus
Singapore

South Sudan
1x
Year Deficit/surplus, % of GDP
Singapore South Sudan
2024 4.44% 11.7%
2023 3.47% 8.04%
2022 1.21% 4.48%
2021 1.13% -9.3%
2020 -6.73% -5.5%
2019 3.77% 0.04%
2018 3.68% -1.06%
2017 5.24% 9.56%
2016 3.25% -19.8%
2015 2.86% -16.4%
2014 4.6% -9.07%
2013 5.96% -3.45%
2012 7.34% -14.8%
2011 7.96% 4.57%
2010 5.68% -
2009 -0.09% -
2008 3.59% -
2007 7.12% -
2006 2.16% -
2005 2.56% -
2004 2.06% -
2003 0.68% -
2002 2.23% -
2001 1.2% -
2000 4.59% -
1999 5.2% -
1998 2.41% -
1997 5.66% -
1996 1.98% -
1995 4.8% -
1994 7.9% -
1993 4.36% -
1992 2.7% -
1991 0.68% -
1990 1.97% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/singapore/south-sudan | CC BY

In 2015, Singapore's government surplus, the difference between spending and revenue, was $8.81B, equivalent to 2.86% of GDP. This compares to South Sudan's deficit of $1.97B, or 16.4% of GDP.

Over the past 5 years, Singapore recorded a fiscal deficit in 0 of those years, while South Sudan ran a deficit in 4 years. On average, Singapore posted an annual surplus equal to 5.74% of GDP, compared to deficit of 7.83% of GDP for South Sudan.

Inflation comparison by year

Inflation
Singapore

South Sudan
1x
Year Consumer prices inflation
Singapore South Sudan
2024 2.39% 91.4%
2023 4.83% 2.38%
2022 6.13% -6.69%
2021 2.32% 10.5%
2020 -0.17% 29.7%
2019 0.57% 87.2%
2018 0.44% 83.5%
2017 0.58% 187.9%
2016 -0.53% 380%
2015 -0.52% 52.8%
2014 1.03% 1.67%
2013 2.36% -0.06%
2012 4.58% 45.5%
2011 5.25% 46.9%
2010 2.83% 1.17%
2009 0.59% 5.01%
2008 6.64% -
2007 2.11% -
2006 0.97% -
2005 0.43% -
2004 1.66% -
2003 0.51% -
2002 -0.39% -
2001 1% -
2000 1.36% -
1999 0.02% -
1998 -0.27% -
1997 2% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/singapore/south-sudan | CC BY

Over the past 16 years, Singapore has recorded an average annual inflation rate of 2.04%, compared with 63.7% in South Sudan. In 2024, inflation was 2.39% in Singapore and 91.4% in South Sudan.

Top exports between countries

Singapore
Export category Export value
Machinery & equipment $1.13M
Chemicals & pharma $548K
Metals $46K
Textiles & consumer goods $39K
Raw materials & minerals $29K
Wood & paper products $1K
South Sudan
Export category Export value
Raw materials & minerals $158M
Metals $101K
Textiles & consumer goods $7K

Balance of trade

Singapore South Sudan
Current account balance
$96B
2024
$578M
2023
Current account balance ranking
8/190
2024
60/190
2023
Current account balance, % of GDP
+17.5%
2024
-4.17%
2015
Goods imports
$435B
2024
$2.25B
2023
Goods exports
$583B
2024
$4.01B
2023
Service imports
$351B
2024
$2.19B
2023
Service exports
$396B
2024
$484M
2023
Imports of goods and services, % of GDP
143.6%
2024
28.9%
2015
Exports of goods and services, % of GDP
178.8%
2024
36.7%
2015

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Singapore South Sudan
Economic freedom 84.4 41
Economic freedom ranking 1/197 186/197
Property rights 89.2 n/a
Government integrity 86.1 n/a
Judicial effectiveness 58.3 n/a
Tax burden 89.5 n/a
Government spending 93.4 n/a
Fiscal health 80 n/a
Business freedom 90.6 n/a
Labor freedom 77 n/a
Monetary freedom 83.5 n/a
Trade freedom 95 n/a
Investment freedom 90 n/a
Financial freedom 80 n/a

Other economic metrics

Singapore South Sudan
Services, % of GDP
73%
2024
56.6%
2015
Industry, % of GDP
21.4%
2024
33.1%
2015
Agriculture, forestry, and fishing, % of GDP
0.03%
2024
10.4%
2015
GNI, Atlas method
$451B
2024
$11.7B
2015
GNI per capita, PPP
$126,190
2024
$1,010
2015
Total reserves including gold
$384B
2024
$72.9M
2023
Total reserves ranking
9/177
2024
175/177
2023
Net foreign direct investment
-$96.7B
2024
$2.21M
2019
Net inflows of foreign direct investment
$152B
2024
$83.4M
2024
Net outflows of foreign direct investment
$55.3B
2024
$0
2024
Poverty at national poverty lines n/a
66%
2020
Gross capital formation, % of GDP
22.2%
2024
5.75%
2015

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/singapore/south-sudan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. TradeMap (2023–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.