Middle income vs Singapore: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Middle income
- Singapore
How they compare
Singapore currently reports 128.4% against 120.0% in Middle income, a difference of 8.4%.
That makes Singapore's figure about 1.1 times Middle income's.
Across all 58 years both countries report, Singapore has been ahead every year.
Middle income ranks 6th and Singapore ranks 8th of 47 groups.
Singapore has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Middle income | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 14.6% | 37.5% | 22.8% | Singapore |
| 1970s | 23.2% | 54.9% | 31.7% | Singapore |
| 1980s | 32.2% | 80.4% | 48.2% | Singapore |
| 1990s | 43.8% | 89.1% | 45.3% | Singapore |
| 2000s | 53.4% | 96.7% | 43.3% | Singapore |
| 2010s | 85.5% | 116.7% | 31.3% | Singapore |
| 2020s | 115.8% | 128.4% | 12.6% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Middle income or Singapore?
- Singapore, at 128.4% against 120.0% in Middle income as of 2020.
- What is the difference in domestic credit to private sector by banks between Middle income and Singapore?
- 8.4%, with Singapore ahead.
- How many years of comparable data are there for Middle income and Singapore?
- 58 years are reported by both, from 1963 to 2020.
- How do Middle income and Singapore rank globally for domestic credit to private sector by banks?
- Middle income ranks 6th 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.