Australia vs Singapore: Loans from nonresident banks (amounts outstanding) to GDP
Loans from nonresident banks (amounts outstanding) to GDP over time
- Australia
- Singapore
How they compare
Australia currently reports 40.3% against 36.6% in Singapore, a difference of 3.7%.
That makes Australia's figure about 1.1 times Singapore's.
The two have swapped places 1 time across 50 shared years of data; in 1972 it was Singapore ahead.
Australia ranks 34th and Singapore ranks 37th of 136 countries.
Across the 6 decades both report, Australia averaged higher in 5 and Singapore in 1.
Head to head by decade
| Decade | Australia | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.0% | 4.1% | 2.1% | Singapore |
| 1980s | 10.8% | 3.3% | 7.5% | Australia |
| 1990s | 20.1% | 3.9% | 16.2% | Australia |
| 2000s | 40.3% | 25.4% | 14.9% | Australia |
| 2010s | 44.6% | 28.3% | 16.3% | Australia |
| 2020s | 43.4% | 37.6% | 5.8% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher loans from nonresident banks (amounts outstanding) to gdp, Australia or Singapore?
- Australia, at 40.3% against 36.6% in Singapore as of 2021.
- What is the difference in loans from nonresident banks (amounts outstanding) to gdp between Australia and Singapore?
- 3.7%, with Australia ahead.
- How many years of comparable data are there for Australia and Singapore?
- 50 years are reported by both, from 1972 to 2021.
- How do Australia and Singapore rank globally for loans from nonresident banks (amounts outstanding) to gdp?
- Australia ranks 34th and Singapore ranks 37th of 136 countries.
- Where does this data come from?
- Bank for International Settlements (BIS), published as Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.