Low & middle income vs Singapore: Domestic credit to private sector
Domestic credit to private sector over time
- Low & middle income
- Singapore
How they compare
Singapore currently reports 128.4% against 121.5% in Low & middle income, a difference of 6.9%.
That makes Singapore's figure about 1.1 times Low & middle income's.
Across all 39 years both countries report, Singapore has been ahead every year.
Low & middle income ranks 13th and Singapore ranks 11th of 47 groups.
Singapore has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Low & middle income | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 33.0% | 61.0% | 28.0% | Singapore |
| 1980s | 38.9% | 79.9% | 40.9% | Singapore |
| 1990s | 47.9% | 93.1% | 45.2% | Singapore |
| 2000s | 57.5% | 96.7% | 39.2% | Singapore |
| 2010s | 87.7% | 116.7% | 29.0% | Singapore |
| 2020s | 116.9% | 128.4% | 11.5% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector, Low & middle income or Singapore?
- Singapore, at 128.4% against 121.5% in Low & middle income as of 2020.
- What is the difference in domestic credit to private sector between Low & middle income and Singapore?
- 6.9%, with Singapore ahead.
- How many years of comparable data are there for Low & middle income and Singapore?
- 39 years are reported by both, from 1977 to 2020.
- How do Low & middle income and Singapore rank globally for domestic credit to private sector?
- Low & middle income ranks 13th and Singapore ranks 11th of 47 groups.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector (% 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 refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.