Bank accounts per 1,000 adults in Singapore
Singapore: Bank accounts per 1,000 adults was 2,405 in 2020. ▲ Rising
Bank accounts per 1,000 adults in Singapore, 2004–2020
Source: Financial Access Survey (FAS), International Monetary Fund (IMF).
Analysis
The most recent figure for bank accounts per 1,000 adults in Singapore is 2,405, measured in 2020. That is the highest value across all 17 years on record.
That represents a change of up 3.8% on the previous year and up 17.9% over ten years.
Over the whole period, bank accounts per 1,000 adults in Singapore peaked at 2,405 in 2020 and was at its lowest, 1,974, in 2005.
Singapore ranks 3rd of 103 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Bank accounts per 1,000 adults in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 1,980 | — |
| 2005 | 1,974 | -0.3% |
| 2006 | 1,985 | +0.6% |
| 2007 | 1,999 | +0.7% |
| 2008 | 2,003 | +0.2% |
| 2009 | 1,997 | -0.3% |
| 2010 | 2,041 | +2.2% |
| 2011 | 2,079 | +1.9% |
| 2012 | 2,106 | +1.3% |
| 2013 | 2,144 | +1.8% |
| 2014 | 2,176 | +1.5% |
| 2015 | 2,185 | +0.4% |
| 2016 | 2,201 | +0.7% |
| 2017 | 2,227 | +1.2% |
| 2018 | 2,268 | +1.9% |
| 2019 | 2,317 | +2.2% |
| 2020 | 2,405 | +3.8% |
Singapore compared with similar countries
- Singapore's 2,405 is above the median for high income countries, which is 1,278, 1.9× the median. (20 countries reporting)
- Singapore's 2,405 is above the median for East Asia & Pacific, which is 714.4, 3.4× the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1,990 | 1,974 | 2,003 | 6 |
| 2010s | 2,174 | 2,041 | 2,317 | 10 |
| 2020s | 2,405 | 2,405 | 2,405 | 1 |
Countries ranked near Singapore
- 1 Saudi Arabia 273,254 compare
- 2 Seychelles 3,392 compare
- 4 Estonia 2,051 compare
- 5 Cape Verde 2,008 compare
- 6 Venezuela 1,925 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 bank accounts per 1,000 adults in Singapore?
- Bank accounts per 1,000 adults in Singapore was 2,405 in 2020, according to Financial Access Survey (FAS), International Monetary Fund (IMF).
- What is the highest bank accounts per 1,000 adults recorded in Singapore?
- The highest recorded value was 2,405 in 2020.
- What is the lowest bank accounts per 1,000 adults recorded in Singapore?
- The lowest recorded value was 1,974 in 2005.
- How does Singapore rank for bank accounts per 1,000 adults?
- Singapore ranks 3rd out of 103 countries with data for 2020.
- Is bank accounts per 1,000 adults rising or falling in Singapore?
- Over the last ten years it is up 17.9%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from Financial Access Survey (FAS), International Monetary Fund (IMF), published as part of Bank accounts per 1,000 adults. Statizoid updates them automatically from the source API.
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About this data
For each country calculated as: 1,000*reported number of depositors/adult population in the reporting country.