Account ownership at a financial institution or with a in Singapore
Singapore: Account ownership at a financial institution or with a was 98.0% 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 15+.
Analysis
The most recent figure for account ownership at a financial institution or with a in Singapore is 98.0%, measured in 2024.
The figure is up 0.4% on the previous year and up 1.7% over ten years.
Over the whole period, account ownership at a financial institution or with a in Singapore peaked at 98.2% in 2011 and was at its lowest, 96.4%, in 2014.
Singapore ranks 19th of 117 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 | 98.2% | — |
| 2014 | 96.4% | -1.9% |
| 2017 | 97.9% | +1.6% |
| 2021 | 97.5% | -0.4% |
| 2024 | 98.0% | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 97.5% | 96.4% | 98.2% | 3 |
| 2020s | 97.8% | 97.5% | 98.0% | 2 |
Countries ranked near Singapore
- 16 Mongolia 98.3% compare
- 17 Belgium 98.2% compare
- 18 Australia 98.0% compare
- 20 New Zealand 97.9% compare
- 21 Hong Kong, China 97.3% compare
- 22 United States of America 97.0% compare
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 98.0% 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 98.2% in 2011.
- What is the lowest account ownership at a financial institution or with a recorded in Singapore?
- The lowest recorded value was 96.4% in 2014.
- How does Singapore rank for account ownership at a financial institution or with a?
- Singapore ranks 19th out of 117 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 1.7%. 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 (% of population ages 15+). Statizoid updates them automatically from the source API.
Download this data
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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 (% age 15+).