Account ownership at a financial institution or with a in Singapore
Singapore: Account ownership at a financial institution or with a was 97.8% in 2024. ▬ Flat
Account ownership at a financial institution or with a in Singapore, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 25+.
Analysis
Singapore recorded 97.8% for account ownership at a financial institution or with a in 2024.
Compared with earlier readings it is down 0.2% on the previous year and up 0.8% over ten years.
Over the whole period, account ownership at a financial institution or with a in Singapore peaked at 99.0% in 2011 and was at its lowest, 97.0%, in 2014.
That places Singapore 21st out of 106 countries with data for 2024, putting it in the top quarter.
Account ownership at a financial institution or with a in Singapore, year by year
| Year | % of population ages 25+ | Change |
|---|---|---|
| 2011 | 99.0% | — |
| 2014 | 97.0% | -1.9% |
| 2017 | 97.9% | +0.9% |
| 2021 | 98.1% | +0.1% |
| 2024 | 97.8% | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 98.0% | 97.0% | 99.0% | 3 |
| 2020s | 98.0% | 97.8% | 98.1% | 2 |
Countries ranked near Singapore
More financial sector data for Singapore
- Reserve position in the IMF, US dollar, annual growth rate 8.93 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 230.78 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 3.73 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 168.51 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 8.93 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 230.78 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 3.73 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Singapore?
- Account ownership at a financial institution or with a in Singapore was 97.8% in 2024, according to Global Findex Database, World Bank (WB).
- What is the highest account ownership at a financial institution or with a recorded in Singapore?
- The highest recorded value was 99.0% in 2011.
- What is the lowest account ownership at a financial institution or with a recorded in Singapore?
- The lowest recorded value was 97.0% in 2014.
- How does Singapore rank for account ownership at a financial institution or with a?
- Singapore ranks 21st out of 106 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Singapore?
- Over the last ten years it is up 0.8%. The long-run trend across the full record is flat.
- Where does this Singapore data come from?
- The figures come from Global Findex Database, World Bank (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, older adults (% of population ages 25+). Statizoid updates them automatically from the source API.
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About this data
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (older adults, % of population ages 25+).