Australia vs Singapore: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Australia
- Singapore
How they compare
Australia currently reports 133.8% against 128.4% in Singapore, a difference of 5.4%.
The two have swapped places 3 times across 58 shared years of data; in 1963 it was Singapore ahead.
Australia ranks 6th and Singapore ranks 8th of 187 countries.
Across the 7 decades both report, Australia averaged higher in 3 and Singapore in 4.
Head to head by decade
| Decade | Australia | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 21.6% | 37.5% | 15.9% | Singapore |
| 1970s | 26.3% | 54.9% | 28.6% | Singapore |
| 1980s | 36.7% | 80.4% | 43.7% | Singapore |
| 1990s | 69.1% | 89.1% | 20.0% | Singapore |
| 2000s | 105.4% | 96.7% | 8.6% | Australia |
| 2010s | 131.3% | 116.7% | 14.5% | Australia |
| 2020s | 141.7% | 128.4% | 13.3% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Australia or Singapore?
- Australia, at 133.8% against 128.4% in Singapore as of 2025.
- What is the difference in domestic credit to private sector by banks between Australia and Singapore?
- 5.4%, with Australia ahead.
- How many years of comparable data are there for Australia and Singapore?
- 58 years are reported by both, from 1963 to 2020.
- How do Australia and Singapore rank globally for domestic credit to private sector by banks?
- Australia ranks 6th and Singapore ranks 8th of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector by banks (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.