Account ownership at a financial institution or with a in Singapore
Singapore: Account ownership at a financial institution or with a was 87.6% in 2024. ▼ Falling
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 15+.
Analysis
The most recent figure for account ownership at a financial institution or with a in Singapore is 87.6%, measured in 2024. That is the lowest value across all 5 years on record.
That represents a change of down 5.2% on the previous year and down 7.3% over ten years.
Over the whole period, account ownership at a financial institution or with a in Singapore peaked at 94.6% in 2014 and was at its lowest, 87.6%, in 2024.
Singapore ranks 24th of 105 countries on this measure, in the top quarter.
Account ownership at a financial institution or with a in Singapore, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 94.4% | — |
| 2014 | 94.6% | +0.2% |
| 2017 | 93.2% | -1.5% |
| 2021 | 92.4% | -0.8% |
| 2024 | 87.6% | -5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 94.0% | 93.2% | 94.6% | 3 |
| 2020s | 90.0% | 87.6% | 92.4% | 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 87.6% 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 94.6% in 2014.
- What is the lowest account ownership at a financial institution or with a recorded in Singapore?
- The lowest recorded value was 87.6% in 2024.
- How does Singapore rank for account ownership at a financial institution or with a?
- Singapore ranks 24th out of 105 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 down 7.3%. The long-run trend across the full record is falling.
- 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, primary education or less (% of population ages 15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 (primary education or less, % of population ages 15+).