Europe & Central Asia vs Singapore: Domestic credit to private sector by banks (% of GDP)
Domestic credit to private sector by banks (% of GDP) over time
- Europe & Central Asia
- Singapore
How they compare
Singapore currently reports 128.4% against 82.6% in Europe & Central Asia, a difference of 45.8%.
That makes Singapore's figure about 1.6 times Europe & Central Asia's.
The two have swapped places 2 times across 20 shared years of data; in 2001 it was Singapore ahead.
Europe & Central Asia ranks 11th and Singapore ranks 8th of 47 groups.
Across the 3 decades both report, Europe & Central Asia averaged higher in 1 and Singapore in 2.
Head to head by decade
| Decade | Europe & Central Asia | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 96.9% | 96.8% | 0.1% | Europe & Central Asia |
| 2010s | 94.5% | 116.7% | 22.3% | Singapore |
| 2020s | 96.4% | 128.4% | 32.0% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Europe & Central Asia or Singapore?
- Singapore, at 128.4% against 82.6% in Europe & Central Asia as of 2020.
- What is the difference in domestic credit to private sector by banks between Europe & Central Asia and Singapore?
- 45.8%, with Singapore ahead.
- How many years of comparable data are there for Europe & Central Asia and Singapore?
- 20 years are reported by both, from 2001 to 2020.
- How do Europe & Central Asia and Singapore rank globally for domestic credit to private sector by banks?
- Europe & Central Asia ranks 11th and Singapore ranks 8th of 47 groups.
- 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.