Bank concentration in Singapore
Singapore: Bank concentration was 80.8% in 2021. ▼ Falling
Bank concentration in Singapore, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
Singapore recorded 80.8% for bank concentration in 2021.
That represents a change of down 0.3% on the previous year and down 10.1% over ten years.
Over the whole period, bank concentration in Singapore peaked at 100.0% in 2003 and was at its lowest, 79.2%, in 2019.
Singapore ranks 60th of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Bank concentration in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 92.9% | — |
| 2001 | 95.9% | +3.3% |
| 2002 | 98.3% | +2.5% |
| 2003 | 100.0% | +1.7% |
| 2004 | 99.3% | -0.7% |
| 2005 | 94.8% | -4.6% |
| 2006 | 85.2% | -10.1% |
| 2007 | 84.9% | -0.3% |
| 2008 | 94.1% | +10.8% |
| 2009 | 88.8% | -5.6% |
| 2010 | 89.7% | +1.0% |
| 2011 | 89.9% | +0.3% |
| 2012 | 89.9% | +0.0% |
| 2013 | 86.7% | -3.6% |
| 2014 | 87.6% | +1.1% |
| 2015 | 87.2% | -0.4% |
| 2016 | 85.0% | -2.6% |
| 2017 | 82.5% | -2.9% |
| 2018 | 80.3% | -2.6% |
| 2019 | 79.2% | -1.4% |
| 2020 | 81.0% | +2.3% |
| 2021 | 80.8% | -0.3% |
Singapore compared with similar countries
- Singapore's 80.8% is above the median for high income countries, which is 73.1%, 1.1× the median. (63 countries reporting)
- Singapore's 80.8% is above the median for East Asia & Pacific, which is 56.7%, 1.4× the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 93.4% | 84.9% | 100.0% | 10 |
| 2010s | 85.8% | 79.2% | 89.9% | 10 |
| 2020s | 80.9% | 80.8% | 81.0% | 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 bank concentration in Singapore?
- Bank concentration in Singapore was 80.8% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Singapore?
- The highest recorded value was 100.0% in 2003.
- What is the lowest bank concentration recorded in Singapore?
- The lowest recorded value was 79.2% in 2019.
- How does Singapore rank for bank concentration?
- Singapore ranks 60th out of 170 countries with data for 2021.
- Is bank concentration rising or falling in Singapore?
- Over the last ten years it is down 10.1%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.