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% |
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
- Total reserves in months of imports, annual growth rate 4.92 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 5.6 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.4801 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 47,436 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 5.5 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 48,383 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 7.17 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 51,631 SDR per person (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.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
For each country calculated as: 1,000*reported number of depositors/adult population in the reporting country.