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Economy of Singapore vs Sudan compared: GDP & Debt

Updated on by Georank team

Singapore has a GDP of $547B compared to $49.7B for Sudan, ranking 28/197 and 94/197 by economy size, respectively.

Singapore has $950B in government debt (173.5% of GDP), compared to $130B (261.4% of GDP) in Sudan.

Singapore vs Sudan GDP by year

Singapore
Sudan
1x
Year GDP, current $
Singapore Sudan
2024 $547,386,645,892 $49,672,435,513
2023 $505,439,514,078 $39,898,289,821
2022 $509,017,841,147 $51,666,875,363
2021 $436,591,382,250 $34,229,513,775
2020 $349,165,858,545 $27,034,593,750
2019 $376,161,998,830 $32,338,079,165
2018 $377,123,710,561 $32,333,780,383
2017 $343,673,334,902 $41,283,617,976
2016 $319,646,468,521 $42,630,376,000
2015 $307,998,545,269 $51,726,758,677
2014 $314,863,580,758 $49,516,748,618
2013 $307,576,360,585 $43,024,018,082
2012 $295,092,888,077 $37,632,919,967
2011 $279,356,499,090 $55,018,567,211
2010 $239,807,980,591 $58,962,978,034
2009 $194,150,283,772 $51,621,044,077
2008 $193,617,323,539 $64,833,083,257
2007 $180,941,701,358 $59,440,139,775
2006 $148,627,286,361 $45,263,831,634
2005 $127,807,848,728 $35,182,711,988
2004 $115,033,593,101 $26,646,007,251
2003 $97,646,401,096 $21,355,298,460
2002 $92,538,372,870 $18,137,128,388
2001 $89,793,790,670 $15,716,361,792
2000 $96,076,539,926 $12,257,299,147
1999 $86,286,849,755 $10,682,028,340
1998 $85,728,207,782 $11,250,221,537
1997 $100,123,787,215 $11,681,175,864
1996 $96,293,086,513 $9,018,300,725
1995 $87,812,540,788 $13,830,363,900
1994 $73,688,724,431 $12,793,794,737
1993 $60,603,815,716 $8,881,005,436
1992 $52,131,320,033 $7,031,933,492
1991 $45,466,164,978 $44,171,194,366
1990 $36,144,336,769 $33,641,222,222
1989 $30,465,364,739 $21,408,111,111
1988 $25,371,462,488 $14,372,555,556
1987 $20,919,215,578 $12,093,333,333
1986 $18,586,746,057 $10,092,200,000
1985 $19,156,532,746 $8,075,259,600
1984 $19,749,361,098 $10,447,615,385
1983 $17,784,112,150 $8,230,153,846
1982 $16,084,252,378 $8,732,542,274
1981 $14,175,228,844 $10,753,888,154
1980 $11,896,256,783 $8,951,800,000
1979 $9,296,921,724 $8,418,407,787
1978 $7,517,176,355 $8,128,719,315
1977 $6,618,585,074 $7,499,005,639
1976 $6,327,077,974 $6,013,210,816
1975 $5,633,673,930 $4,823,090,192
1974 $5,221,534,956 $3,958,931,660
1973 $3,696,213,333 $3,077,254,460
1972 $2,721,440,981 $2,483,055,722
1971 $2,263,785,444 $2,288,340,041
1970 $1,920,574,150 $2,100,229,759
1969 $1,659,893,768 $1,847,501,441
1968 $1,425,706,091 $1,677,771,401
1967 $1,238,035,816 $1,607,409,539
1966 $1,096,425,608 $1,484,491,676
1965 $974,644,096 $1,446,869,619
1964 $894,153,311 $1,388,282,600
1963 $917,608,012 $1,351,234,926
1962 $826,239,212 $1,328,259,625
1961 $764,629,788 $1,222,860,429
1960 $704,751,700 $1,126,364,162

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

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

GDP per capita in Singapore vs Sudan by year

Singapore
GDP per capita

GDP per capita, PPP
Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Singapore Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $90,674 $150,689 $985 $2,116
2023 $85,412 $143,786 $797 $2,421
2022 $90,299 $143,095 $1,046 $3,355
2021 $80,056 $132,617 $712 $3,249
2020 $61,410 $101,518 $578 $3,349
2019 $65,952 $105,335 $710 $3,914
2018 $66,882 $103,963 $731 $4,199
2017 $61,236 $95,744 $967 $4,252
2016 $57,006 $89,902 $1,033 $4,470
2015 $55,646 $87,156 $1,292 $4,217
2014 $57,565 $84,555 $1,275 $4,261
2013 $56,967 $83,088 $1,139 $3,725
2012 $55,548 $82,108 $1,019 $3,710
2011 $53,891 $80,052 $1,522 $4,112
2010 $47,237 $75,401 $1,665 $3,806
2009 $38,927 $66,213 $1,493 $3,732
2008 $40,009 $67,735 $1,928 $3,938
2007 $39,433 $68,805 $1,814 $3,836
2006 $33,768 $64,061 $1,415 $3,637
2005 $29,961 $58,822 $1,125 $3,407
2004 $27,608 $54,384 $872 $3,215
2003 $23,730 $48,778 $714 $3,058
2002 $22,160 $45,083 $621 $2,898
2001 $21,700 $43,109 $551 $2,769
2000 $23,853 $43,781 $441 $2,616
1999 $21,797 $39,949 $394 $2,475
1998 $21,829 $37,560 $425 $2,428
1997 $26,376 $39,286 $453 $2,358
1996 $26,233 $36,873 $357 $2,006
1995 $24,915 $35,090 $561 $1,902
1994 $21,552 $33,058 $532 $1,805
1993 $18,290 $30,062 $379 $1,794
1992 $16,136 $27,022 $307 $1,710
1991 $14,502 $25,530 $1,966 $1,599
1990 $11,862 $23,815 $1,528 $1,468
1989 $10,395 - $992 -
1988 $8,914 - $680 -
1987 $7,539 - $584 -
1986 $6,800 - $497 -
1985 $7,002 - $406 -
1984 $7,228 - $534 -
1983 $6,633 - $431 -
1982 $6,078 - $472 -
1981 $5,597 - $605 -
1980 $4,928 - $525 -
1979 $3,901 - $515 -
1978 $3,194 - $518 -
1977 $2,846 - $497 -
1976 $2,759 - $413 -
1975 $2,490 - $343 -
1974 $2,342 - $291.5 -
1973 $1,685 - $235.8 -
1972 $1,264 - $198.2 -
1971 $1,071 - $189 -
1970 $926 - $179.6 -
1969 $813 - $163.5 -
1968 $709 - $153.7 -
1967 $626 - $152.4 -
1966 $567 - $145.6 -
1965 $517 - $146.8 -
1964 $486 - $145.7 -
1963 $511 - $146.6 -
1962 $472 - $148.9 -
1961 $449 - $141.6 -
1960 $428 - $134.7 -

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

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

Singapore's GDP per capita is $90,674, ranking 7/197, compared to $985 in Sudan, ranking 179/197. Adjusted for purchasing power (GDP per capita PPP), Singapore ranks 2nd at $150,689, while Sudan ranks 185th at $2,116.

Economic indicators

Singapore Sudan
Gross domestic product
$547B
2024
$49.7B
2024
GDP rank
28/197
2024
94/197
2024
GDP growth
4.39%
2023-2024
-14%
2023-2024
GDP per capita
$90,674
2024
$985
2024
GDP per capita rank
7/197
2024
179/197
2024
GDP per capita, PPP
$150,689
2024
$2,116
2024
GDP per capita PPP rank
2/197
2024
185/197
2024
Government debt
$950B
2024
$130B
2024
Debt-to-GDP ratio
173.5%
2024
261.4%
2024
Government debt per person
$157,326
2024
$2,574
2024
Government debt per person rank
1/185
2024
109/185
2024
Average annual personal income after taxes
$52,793
2026
$1,704
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
27.8%
2014
Income share by poorest 10% n/a
3.2%
2014
Government expenditure, % of GDP
14.6%
2024
6.39%
2024
Consumer prices inflation
2.39%
2023-2024
138.8%
2021-2022
Unemployment rate
2.74%
2024
7.53%
2022
Population
6125852
53335233

Spending and national debt comparison by year

Singapore
Spending

Debt
Sudan
Spending

Debt
1x
Year % of GDP
Singapore Sudan
Government spending Government debt Government spending Government debt
2024 14.6% 173.5% 6.39% 261.4%
2023 14.8% 172.8% 8.23% 259.9%
2022 15% 154.3% 17.9% 186.9%
2021 15.6% 141.7% 9.84% 189.6%
2020 24.1% 148.2% 10.9% 278.3%
2019 14% 127.9% 18.7% 216.5%
2018 13.9% 109.4% 16.8% 209.8%
2017 13.6% 107.6% 12.8% 149.5%
2016 15.3% 106.3% 9.98% 109.9%
2015 14.4% 102.2% 12.4% 93.2%
2014 12.6% 97.7% 13.5% 84.4%
2013 10.9% 98.2% 15.3% 105.8%
2012 9.83% 106.7% 16.5% 117.7%
2011 9.66% 103.1% 18.2% 78.1%
2010 10.2% 98.7% 17.4% 74.6%
2009 15.9% 101.7% 18.8% 71%
2008 14% 97.9% 19.7% 55.8%
2007 9.01% 87.8% 19.6% 53.7%
2006 12.3% 86.5% 18.8% 63.7%
2005 12.4% 92.7% 19.7% 75.5%
2004 14.1% 95.7% 16.5% 97.8%
2003 15.6% 99.1% 12.5% 117.4%
2002 15.9% 96.3% 10.5% 121.7%
2001 18.2% 94.5% 9.87% 125.6%
2000 16.1% 82.3% 10.4% 143.2%
1999 15.9% 85.3% 8.4% 160.5%
1998 18.1% 84.6% 7.79% 179.7%
1997 14.5% 70.8% 7.38% 167.7%
1996 18.1% 71.3% 9.31% 220.9%
1995 13.8% 69.8% 12.9% 239%
1994 11.7% 70.7% 19.6% 386%
1993 14.5% 71.2% 23.7% 285.9%
1992 14.5% 79% 50.4% 495%
1991 15.9% 76.4% 45.7% -
1990 15.1% 73.5% 31% -

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

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

In 2024, Singapore's government spending was $79.7B, accounting for 14.6% of its GDP, while Sudan spent $3.17B, or 6.39% of GDP.

Debt-to-GDP ratio is 173.5% in Singapore and 261.4% in Sudan, ranking 4/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Singapore

Sudan
1x
Year Deficit/surplus, % of GDP
Singapore Sudan
2024 4.44% -3.46%
2023 3.47% -3.7%
2022 1.21% -2.15%
2021 1.13% -0.29%
2020 -6.73% -6.03%
2019 3.77% -10.8%
2018 3.68% -7.92%
2017 5.24% -6.07%
2016 3.25% -3.92%
2015 2.86% -3.87%
2014 4.6% -4.72%
2013 5.96% -5.76%
2012 7.34% -7.37%
2011 7.96% -2.33%
2010 5.68% 0.11%
2009 -0.09% -3.8%
2008 3.59% 0.49%
2007 7.12% -2.84%
2006 2.16% -1.32%
2005 2.56% -1.88%
2004 2.06% 0.16%
2003 0.68% 0.77%
2002 2.23% -0.69%
2001 1.2% -0.77%
2000 4.59% -0.7%
1999 5.2% -0.8%
1998 2.41% -0.56%
1997 5.66% -0.59%
1996 1.98% -2.61%
1995 4.8% -3.48%
1994 7.9% -3.03%
1993 4.36% -8.04%
1992 2.7% -24.5%
1991 0.68% -26.5%
1990 1.97% -16.2%

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

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

In 2024, Singapore's government surplus, the difference between spending and revenue, was $24.3B, equivalent to 4.44% of GDP. This compares to Sudan's deficit of $1.72B, or 3.46% of GDP.

Over the past 35 years, Singapore recorded a fiscal deficit in 2 of those years, while Sudan ran a deficit in 31 years. On average, Singapore posted an annual surplus equal to 3.36% of GDP, compared to deficit of 4.72% of GDP for Sudan.

Inflation comparison by year

Inflation
Singapore

Sudan
1x
Year Consumer prices inflation
Singapore Sudan
2024 2.39% -
2023 4.83% -
2022 6.13% 138.8%
2021 2.32% 359%
2020 -0.17% 163.3%
2019 0.57% 51%
2018 0.44% 63.3%
2017 0.58% 32.4%
2016 -0.53% 17.8%
2015 -0.52% 16.9%
2014 1.03% 36.9%
2013 2.36% 36.5%
2012 4.58% 35.6%
2011 5.25% 18.1%
2010 2.83% 13%
2009 0.59% 11.3%
2008 6.64% 14.3%
2007 2.11% 14.8%
2006 0.97% 7.2%
2005 0.43% 8.51%
2004 1.66% 9.66%
2003 0.51% 6.49%
2002 -0.39% 22.2%
2001 1% 1.94%
2000 1.36% 7.12%
1999 0.02% 17.2%
1998 -0.27% 24.6%
1997 2% 47.2%

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

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

Over the past 26 years, Singapore has recorded an average annual inflation rate of 1.6%, compared with 45.2% in Sudan. In 2022, inflation was 2.39% in Singapore and 138.8% in Sudan.

Top exports between countries

Singapore
Export category Export value
Raw materials & minerals $2.33M
Chemicals & pharma $1.92M
Processed food, beverages & tobacco $825K
Miscellaneous $232K
Animal & marine products $143K
Textiles & consumer goods $103K
Raw agricultural goods $98K
Machinery & equipment $36K
Metals $4K
Wood & paper products $4K
Sudan
Export category Export value

Balance of trade

Singapore Sudan
Current account balance
$96B
2024
-$4.44B
2022
Current account balance ranking
8/190
2024
165/190
2022
Current account balance, % of GDP
+17.5%
2024
-8.6%
2022
Goods imports
$435B
2024
$9.99B
2022
Goods exports
$583B
2024
$4.36B
2022
Service imports
$351B
2024
$1.59B
2022
Service exports
$396B
2024
$1.55B
2022
Imports of goods and services, % of GDP
143.6%
2024
1.27%
2024
Exports of goods and services, % of GDP
178.8%
2024
0.72%
2024

Economic freedom indices

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

Singapore Sudan
Economic freedom 84.4 32.5
Economic freedom ranking 1/197 191/197
Property rights 89.2 6.5
Government integrity 86.1 13.8
Judicial effectiveness 58.3 2.4
Tax burden 89.5 84.7
Government spending 93.4 96.5
Fiscal health 80 64.6
Business freedom 90.6 27.3
Labor freedom 77 33.6
Monetary freedom 83.5 6.2
Trade freedom 95 29.6
Investment freedom 90 5
Financial freedom 80 20

Economic freedom comparison by year

Singapore
Sudan
1x
Year Economic freedom index
Singapore Sudan
2026 84.4 32.5
2025 84.1 35.3
2024 83.5 33.9
2023 83.9 32.8
2022 84.4 32
2021 89.7 39.1
2020 89.4 45
2019 89.4 47.7
2018 88.8 49.4
2017 88.6 48.8
2016 87.8 -
2015 89.4 -
2014 89.4 -
2013 88 -
2012 87.5 -
2011 87.2 -
2010 86.1 -
2009 87.1 -
2008 87.3 -
2007 87.1 -
2006 88 -
2005 88.6 -
2004 88.9 -
2003 88.2 -
2002 87.4 -
2001 87.8 -
2000 87.7 47.2
1999 86.9 39.6
1998 87 38.3
1997 87.3 39.9
1996 86.5 39.2
1995 86.3 39.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Singapore is 84.4, ranking 1/197, compared to 32.5 for Sudan, ranking 191/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Singapore Sudan
Services, % of GDP
73%
2024
54.7%
2024
Industry, % of GDP
21.4%
2024
23.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.03%
2024
22.2%
2024
GNI, Atlas method
$451B
2024
$35.8B
2024
GNI per capita, PPP
$126,190
2024
$2,050
2024
Total reserves including gold
$384B
2024
$178M
2017
Total reserves ranking
9/177
2024
171/177
2017
Net foreign direct investment
-$96.7B
2024
-$574M
2022
Net inflows of foreign direct investment
$152B
2024
$548M
2023
Net outflows of foreign direct investment
$55.3B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.42%
2024
Poverty at national poverty lines n/a
46.5%
2020
Gross capital formation, % of GDP
22.2%
2024
2.89%
2024

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/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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, 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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.