Singapore vs South Africa: Bank credit to bank deposits

Singapore
94.0%
in 2020
South Africa
95.6%
in 2021
Singapore rank
48th
South Africa rank
45th

Bank credit to bank deposits over time

  • Singapore
  • South Africa
050100150196319922021

How they compare

South Africa currently reports 95.6% against 94.0% in Singapore, a difference of 1.6%.

The two have swapped places 5 times across 55 shared years of data; in 1965 it was Singapore ahead.

Singapore ranks 48th and South Africa ranks 45th of 186 countries.

Across the 7 decades both report, Singapore averaged higher in 2 and South Africa in 5.

Head to head by decade

Decade Singapore South Africa Difference Ahead
1960s 82.6% 84.4% 1.7% South Africa
1970s 115.2% 87.0% 28.2% Singapore
1980s 135.8% 98.3% 37.5% Singapore
1990s 109.7% 122.5% 12.8% South Africa
2000s 92.3% 124.7% 32.4% South Africa
2010s 100.1% 112.2% 12.1% South Africa
2020s 94.0% 98.1% 4.1% South Africa

Averages of every year both report within each decade.

Frequently asked questions

Which has higher bank credit to bank deposits, Singapore or South Africa?
South Africa, at 95.6% against 94.0% in Singapore as of 2021.
What is the difference in bank credit to bank deposits between Singapore and South Africa?
1.6%, with South Africa ahead.
How many years of comparable data are there for Singapore and South Africa?
55 years are reported by both, from 1965 to 2020.
How do Singapore and South Africa rank globally for bank credit to bank deposits?
Singapore ranks 48th and South Africa ranks 45th of 186 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Bank credit to bank deposits (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Singapore vs South Africa: Bank credit to bank deposits. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 18 September 2026, from https://financial-sector.statizoid.com/compare/bank-credit-to-bank-deposits-percent/singapore/south-africa/

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About this data

Indicator
Bank credit to bank deposits (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
186 places, 8,567 data points, 1960–2021
Last refreshed

Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); bank deposits (IFS lines 24 and 25).