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Economy of Singapore vs Uzbekistan compared: GDP & Debt

Updated on by Georank

Singapore has a GDP of $604B compared to $147B for Uzbekistan, ranking 28/197 and 61/197 by economy size, respectively.

Singapore has $1.03T in government debt (171.3% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Singapore vs Uzbekistan GDP by year

Singapore
Uzbekistan
1x
Year GDP, current $
Singapore Uzbekistan
2025 $603,869,516,999 $147,038,081,129
2024 $572,877,260,178 $121,356,065,241
2023 $511,181,761,244 $107,526,539,716
2022 $514,252,535,239 $94,286,355,836
2021 $441,110,903,525 $81,170,051,811
2020 $351,226,533,656 $70,127,127,133
2019 $376,827,390,962 $70,170,662,563
2018 $377,976,367,877 $61,318,332,403
2017 $344,795,119,214 $72,276,404,058
2016 $320,759,207,439 $97,871,364,319
2015 $307,998,545,269 $97,564,568,987
2014 $314,863,580,758 $91,303,765,114
2013 $307,576,360,585 $82,674,178,352
2012 $295,092,888,077 $75,318,846,931
2011 $279,356,499,090 $67,404,618,405
2010 $239,807,980,591 $55,544,226,553
2009 $194,150,283,772 $33,689,223,673
2008 $193,617,323,539 $29,549,438,884
2007 $180,941,701,358 $22,311,393,928
2006 $148,627,286,361 $17,330,833,853
2005 $127,807,848,728 $14,307,509,839
2004 $115,033,593,101 $12,030,023,548
2003 $97,646,401,096 $10,134,453,435
2002 $92,538,372,870 $9,687,788,513
2001 $89,793,790,670 $11,401,421,329
2000 $96,076,539,926 $13,760,513,969
1999 $86,286,849,755 $17,078,465,982
1998 $85,728,207,782 $14,988,971,211
1997 $100,123,787,215 $14,744,603,774
1996 $96,293,086,513 $13,948,892,216
1995 $87,812,540,788 $13,350,461,265
1994 $73,688,724,431 $12,899,074,922
1993 $60,603,815,716 $13,099,920,056
1992 $52,131,320,033 $12,953,801,760
1991 $45,466,164,978 $13,800,167,712
1990 $36,144,336,769 $13,362,340,338
1989 $30,465,364,739 $11,948,815,258
1988 $25,371,462,488 $10,722,799,639
1987 $20,919,215,578 $8,523,160,593
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Singapore vs Uzbekistan by year

Singapore
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Singapore Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $98,814 - $3,968 -
2024 $94,897 $150,689 $3,337 $11,879
2023 $86,383 $143,786 $3,016 $11,107
2022 $91,228 $143,095 $2,699 $10,293
2021 $80,885 $132,617 $2,370 $9,248
2020 $61,773 $101,518 $2,088 $8,452
2019 $66,069 $105,335 $2,129 $8,544
2018 $67,033 $103,963 $1,894 $8,129
2017 $61,436 $95,744 $2,271 $7,818
2016 $57,204 $89,902 $3,128 $6,919
2015 $55,646 $87,156 $3,173 $6,800
2014 $57,565 $84,555 $3,021 $6,610
2013 $56,967 $83,088 $2,781 $6,413
2012 $55,548 $82,108 $2,574 $6,168
2011 $53,891 $80,052 $2,339 $5,949
2010 $47,237 $75,401 $1,957 $5,505
2009 $38,927 $66,213 $1,206 $5,135
2008 $40,009 $67,735 $1,075 $4,800
2007 $39,433 $68,805 $824 $4,386
2006 $33,768 $64,061 $649 $3,956
2005 $29,961 $58,822 $543 $3,618
2004 $27,608 $54,384 $462 $3,321
2003 $23,730 $48,778 $394 $3,047
2002 $22,160 $45,083 $381 $2,902
2001 $21,700 $43,109 $454 $2,782
2000 $23,853 $43,781 $555 $2,644
1999 $21,797 $39,949 $698 $2,522
1998 $21,829 $37,560 $621 $2,418
1997 $26,376 $39,286 $621 $2,329
1996 $26,233 $36,873 $597 $2,214
1995 $24,915 $35,090 $583 $2,178
1994 $21,552 $33,058 $574 $2,197
1993 $18,290 $30,062 $596 $2,318
1992 $16,136 $27,022 $603 $2,371
1991 $14,502 $25,530 $658 $2,676
1990 $11,862 $23,815 $653 $2,665
1989 $10,395 - $598 -
1988 $8,914 - $551 -
1987 $7,539 - $450 -
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 (1960–2025, retrieved 2026-07-08).

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

Singapore's GDP per capita is $98,814, ranking 7/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Singapore ranks 2nd at $150,689, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Singapore Uzbekistan
Gross domestic product
$604B
2025
$147B
2025
GDP rank
28/197
2025
61/197
2025
GDP growth
5.03%
2024-2025
7.7%
2024-2025
GDP per capita
$98,814
2025
$3,968
2025
GDP per capita rank
7/197
2025
134/197
2025
GDP per capita, PPP
$150,689
2024
$11,879
2024
GDP per capita PPP rank
2/197
2024
125/197
2024
Government debt
$1.03T
2025
$42B
2025
Debt-to-GDP ratio
171.3%
2025
28.6%
2025
Government debt per person
$169,228
2025
$1,134
2025
Government debt per person rank
1/185
2025
139/185
2025
Average annual personal income after taxes
$51,296
2026
$3,560
2026
Market capitalization of domestic companies
$824B
2025
$23.7B
2025
Number of millionaires
244,000
2026
n/a
Number of billionaires
55
2026
n/a
Income share by richest 10% n/a
24.2%
2025
Income share by poorest 10% n/a
2.4%
2025
Government expenditure, % of GDP
15.5%
2025
27.4%
2025
Consumer prices inflation
0.9%
2024-2025
8.8%
2024-2025
Central bank interest rate n/a
14%
2025
Unemployment rate
3.26%
2025
5.29%
2020
Population
6167445
38082870

Spending and national debt comparison by year

Singapore
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Singapore Uzbekistan
Government spending Government debt Government spending Government debt
2025 15.5% 171.3% 27.4% 28.6%
2024 14.3% 166% 26.1% 30.9%
2023 14.6% 170.4% 28.6% 30.7%
2022 14.9% 153.3% 30% 29.2%
2021 15.4% 139.9% 26.1% 30.2%
2020 24% 147.1% 24.7% 31.9%
2019 14% 127.7% 23.4% 24.3%
2018 13.9% 109.2% 21.2% 16.7%
2017 13.6% 107.3% 19.9% 17.3%
2016 15.2% 105.9% 20.5% 7.21%
2015 14.4% 102.1% 21.7% 5.94%
2014 12.6% 97.7% 22% 5.39%
2013 10.9% 98.2% 22.3% 5.51%
2012 9.83% 106.7% 21.5% 6.06%
2011 9.66% 103.1% 21.1% 5.65%
2010 10.2% 98.7% 23.7% 5.92%
2009 15.9% 101.7% 24.7% 6.57%
2008 14% 97.9% 23.8% 7.5%
2007 9.01% 87.8% 22.4% 8.6%
2006 12.3% 86.5% 22.3% 12.2%
2005 12.4% 92.7% 25.3% 18.9%
2004 14.1% 95.7% 26.5% 24.2%
2003 15.6% 99.1% 28.4% 28.3%
2002 15.9% 96.3% 31.2% 37.5%
2001 18.2% 94.5% 27.6% 40.4%
2000 16.1% 82.3% 29.6% 26.5%
1999 15.9% 85.3% 30.3% 16.6%
1998 18.1% 84.6% 31.6% 16.2%
1997 14.5% 70.8% 28.7% 13.8%
1996 18.1% 71.3% 31.6% -
1995 13.8% 69.8% 26.5% -
1994 11.7% 70.7% 24.4% -
1993 14.5% 71.2% 35.6% -
1992 14.5% 79% 16.2% -
1991 15.9% 76.4% - -
1990 15.1% 73.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Singapore's government spending was $93.3B, accounting for 15.5% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 171.3% in Singapore and 28.6% in Uzbekistan, ranking 5/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Singapore

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Singapore Uzbekistan
2025 4.16% -1.66%
2024 3.79% -2.25%
2023 3.42% -3.85%
2022 1.2% -3.49%
2021 1.11% -3.9%
2020 -6.68% -2.8%
2019 3.76% -0.29%
2018 3.67% 1.57%
2017 5.23% 1.04%
2016 3.24% 0.62%
2015 2.86% -0.24%
2014 4.6% 1.68%
2013 5.96% 1.9%
2012 7.34% 5.28%
2011 7.96% 4.56%
2010 5.68% 2.29%
2009 -0.09% 1.64%
2008 3.59% 5.38%
2007 7.12% 3.2%
2006 2.16% 2.45%
2005 2.56% -3.17%
2004 2.06% -3.37%
2003 0.68% -4.39%
2002 2.23% -5.69%
2001 1.2% -2.95%
2000 4.59% -3.29%
1999 5.2% -2.62%
1998 2.41% -2.74%
1997 5.66% -1.85%
1996 1.98% -1.41%
1995 4.8% -1.59%
1994 7.9% -4.03%
1993 4.36% -10.8%
1992 2.7% 6.44%
1991 0.68% -
1990 1.97% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Singapore's government surplus, the difference between spending and revenue, was $25.1B, equivalent to 4.16% of GDP. This compares to Uzbekistan's deficit of $2.43B, or 1.66% of GDP.

Over the past 34 years, Singapore recorded a fiscal deficit in 2 of those years, while Uzbekistan ran a deficit in 21 years. On average, Singapore posted an annual surplus equal to 3.48% of GDP, compared to deficit of 0.83% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Singapore

Uzbekistan
1x
Year Consumer prices inflation
Singapore Uzbekistan
2025 0.9% 8.8%
2024 2.39% 9.6%
2023 4.83% 10%
2022 6.13% 11.4%
2021 2.32% 10.8%
2020 -0.17% 12.9%
2019 0.57% 14.5%
2018 0.44% 17.5%
2017 0.58% 13.9%
2016 -0.53% 8.8%
2015 -0.52% 8.5%
2014 1.03% 9.1%
2013 2.36% 11.7%
2012 4.58% 11.9%
2011 5.25% 12.4%
2010 2.83% 12.3%
2009 0.59% 12.3%
2008 6.64% 13.1%
2007 2.11% 11.2%
2006 0.97% 13.1%
2005 0.43% 10.7%
2004 1.66% 7.3%
2003 0.51% 12.5%
2002 -0.39% 27.3%
2001 1% 27.3%
2000 1.36% 25%
1999 0.02% 29.1%
1998 -0.27% 29%
1997 2% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Singapore has recorded an average annual inflation rate of 1.71%, compared with 16.3% in Uzbekistan. In 2025, inflation was 0.9% in Singapore and 8.8% in Uzbekistan.

Top exports between countries

Singapore
Export category Export value
Machinery & equipment $11M
Chemicals & pharma $3.4M
Textiles & consumer goods $871K
Raw materials & minerals $455K
Metals $324K
Processed food, beverages & tobacco $293K
Raw agricultural goods $56K
Animal & marine products $11K
Precious metals & jewellery $2K
Wood & paper products $2K
Uzbekistan
Export category Export value
Metals $25.2M
Machinery & equipment $9.67M
Raw materials & minerals $8.51M
Textiles & consumer goods $3.23M
Manufacturing & construction services $3.08M
Chemicals & pharma $82K
Processed food, beverages & tobacco $75K
Raw agricultural goods $32K
Government & miscellaneous services $18K
Business & finance services $9K

Balance of trade

Singapore Uzbekistan
Current account balance
$101B
2025
-$5.78B
2025
Current account balance ranking
8/190
2025
167/190
2025
Current account balance, % of GDP
+16.7%
2025
-3.93%
2025
Goods imports
$475B
2025
$38.5B
2025
Goods exports
$652B
2025
$23B
2025
Service imports
$385B
2025
$13.6B
2025
Service exports
$422B
2025
$9.27B
2025
Imports of goods and services, % of GDP
142.5%
2025
35.4%
2025
Exports of goods and services, % of GDP
177.9%
2025
22%
2025

Economic freedom indices

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

Singapore Uzbekistan
Economic freedom 84.4 60.3
Economic freedom ranking 1/197 94/197
Property rights 89.2 43.1
Government integrity 86.1 32
Judicial effectiveness 58.3 13.7
Tax burden 89.5 95
Government spending 93.4 73.7
Fiscal health 80 79.9
Business freedom 90.6 62.5
Labor freedom 77 48.4
Monetary freedom 83.5 65.1
Trade freedom 95 80.6
Investment freedom 90 70
Financial freedom 80 60

Economic freedom comparison by year

Singapore
Uzbekistan
1x
Year Economic freedom index
Singapore Uzbekistan
2026 84.4 60.3
2025 84.1 58
2024 83.5 55.9
2023 83.9 56.5
2022 84.4 55.7
2021 89.7 58.3
2020 89.4 57.2
2019 89.4 53.3
2018 88.8 51.5
2017 88.6 52.3
2016 87.8 46
2015 89.4 47
2014 89.4 46.5
2013 88 46
2012 87.5 45.8
2011 87.2 45.8
2010 86.1 47.5
2009 87.1 50.5
2008 87.3 51.9
2007 87.1 51.5
2006 88 48.7
2005 88.6 45.8
2004 88.9 39.1
2003 88.2 38.3
2002 87.4 38.5
2001 87.8 38.2
2000 87.7 38.1
1999 86.9 33.8
1998 87 31.5
1997 87.3 -
1996 86.5 -
1995 86.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Singapore is 84.4, ranking 1/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Singapore Uzbekistan
Services, % of GDP
71.6%
2025
46.5%
2025
Industry, % of GDP
22.7%
2025
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
0.02%
2025
16.6%
2025
GNI, Atlas method
$500B
2025
$136B
2025
GNI per capita, PPP
$135,750
2025
$13,640
2025
Total reserves including gold
$432B
2025
$41.2B
2024
Total reserves ranking
11/177
2025
53/177
2024
Net foreign direct investment
-$64.9B
2025
-$4.24B
2025
Net inflows of foreign direct investment
$135B
2024
$2.97B
2024
Net outflows of foreign direct investment
$63.6B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI n/a
9.37%
2024
Poverty at national poverty lines n/a
5.8%
2025
Gross capital formation, % of GDP
22.5%
2025
33.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2016–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.