Singapore vs Upper middle income: Monetary Sector credit to private sector
Monetary Sector credit to private sector over time
- Singapore
- Upper middle income
How they compare
Upper middle income currently reports 136.9% against 128.4% in Singapore, a difference of 8.5%.
That makes Upper middle income's figure about 1.1 times Singapore's.
The two have swapped places 1 time across 56 shared years of data; in 1965 it was Singapore ahead.
Singapore ranks 8th and Upper middle income ranks 5th of 187 countries.
Across the 7 decades both report, Singapore averaged higher in 6 and Upper middle income in 1.
Head to head by decade
| Decade | Singapore | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 38.1% | 19.2% | 18.9% | Singapore |
| 1970s | 54.9% | 30.5% | 24.4% | Singapore |
| 1980s | 80.4% | 40.4% | 39.9% | Singapore |
| 1990s | 89.1% | 50.3% | 38.9% | Singapore |
| 2000s | 96.7% | 59.5% | 37.2% | Singapore |
| 2010s | 116.7% | 96.7% | 20.0% | Singapore |
| 2020s | 128.4% | 134.5% | 6.1% | Upper middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monetary sector credit to private sector, Singapore or Upper middle income?
- Upper middle income, at 136.9% against 128.4% in Singapore as of 2024.
- What is the difference in monetary sector credit to private sector between Singapore and Upper middle income?
- 8.5%, with Upper middle income ahead.
- How many years of comparable data are there for Singapore and Upper middle income?
- 56 years are reported by both, from 1965 to 2020.
- How do Singapore and Upper middle income rank globally for monetary sector credit to private sector?
- Singapore ranks 8th and Upper middle income ranks 5th of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Monetary Sector credit to private sector (% 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, 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.