Korea vs Singapore: Financial system deposits to GDP (%)
Financial system deposits to GDP (%) over time
- Korea
- Singapore
How they compare
Korea currently reports 160.4% against 144.2% in Singapore, a difference of 16.2%.
That makes Korea's figure about 1.1 times Singapore's.
The two have swapped places 1 time across 58 shared years of data; in 1963 it was Singapore ahead.
Korea ranks 8th and Singapore ranks 9th of 185 countries.
Across the 7 decades both report, Korea averaged higher in 1 and Singapore in 6.
Head to head by decade
| Decade | Korea | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 13.9% | 46.4% | 32.4% | Singapore |
| 1970s | 27.3% | 55.9% | 28.6% | Singapore |
| 1980s | 29.4% | 71.2% | 41.8% | Singapore |
| 1990s | 36.1% | 94.0% | 57.9% | Singapore |
| 2000s | 60.0% | 109.6% | 49.6% | Singapore |
| 2010s | 108.6% | 120.1% | 11.5% | Singapore |
| 2020s | 152.6% | 144.2% | 8.4% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial system deposits to gdp, Korea or Singapore?
- Korea, at 160.4% against 144.2% in Singapore as of 2021.
- What is the difference in financial system deposits to gdp between Korea and Singapore?
- 16.2%, with Korea ahead.
- How many years of comparable data are there for Korea and Singapore?
- 58 years are reported by both, from 1963 to 2020.
- How do Korea and Singapore rank globally for financial system deposits to gdp?
- Korea ranks 8th and Singapore ranks 9th of 185 countries.
- Where does this data come from?
- International Financial Statistics (IFS), International Monetary Fund (IMF), published as Financial system deposits to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).