Bank cost to income ratio (%) in Singapore
Singapore: Bank cost to income ratio (%) was 45.4% in 2021. ▲ Rising
Bank cost to income ratio in Singapore, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
The most recent figure for bank cost to income ratio in Singapore is 45.4%, measured in 2021.
That represents a change of up 7.7% on the previous year and up 14.3% over ten years.
Over the whole period, bank cost to income ratio in Singapore peaked at 53.1% in 2003 and was at its lowest, 18.6%, in 2001.
Singapore ranks 136th of 169 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Bank cost to income ratio (%) in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 35.5% | — |
| 2001 | 18.6% | -47.6% |
| 2002 | 20.3% | +9.2% |
| 2003 | 53.1% | +161.7% |
| 2004 | 39.7% | -25.3% |
| 2005 | 37.5% | -5.4% |
| 2006 | 36.7% | -2.3% |
| 2007 | 37.6% | +2.6% |
| 2008 | 33.1% | -12.0% |
| 2009 | 37.0% | +11.6% |
| 2010 | 36.8% | -0.4% |
| 2011 | 39.7% | +7.8% |
| 2012 | 36.8% | -7.2% |
| 2013 | 38.6% | +4.8% |
| 2014 | 40.7% | +5.4% |
| 2015 | 41.2% | +1.4% |
| 2016 | 41.8% | +1.5% |
| 2017 | 41.7% | -0.3% |
| 2018 | 40.4% | -3.2% |
| 2019 | 40.5% | +0.3% |
| 2020 | 42.1% | +4.0% |
| 2021 | 45.4% | +7.7% |
Singapore compared with similar countries
- Singapore's 45.4% is below the median for high income countries, which is 56.2%, 81% of the median. (62 countries reporting)
- Singapore's 45.4% is below the median for East Asia & Pacific, which is 46.8%, 97% of the median. (18 countries reporting)
Biggest year-on-year movements
Years where Bank cost to income ratio (%) in Singapore changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +161.7% | 20.3% | 53.1% |
| 2001 | -47.6% | 35.5% | 18.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 34.9% | 18.6% | 53.1% | 10 |
| 2010s | 39.8% | 36.8% | 41.8% | 10 |
| 2020s | 43.7% | 42.1% | 45.4% | 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 bank cost to income ratio in Singapore?
- Bank cost to income ratio in Singapore was 45.4% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank cost to income ratio recorded in Singapore?
- The highest recorded value was 53.1% in 2003.
- What is the lowest bank cost to income ratio recorded in Singapore?
- The lowest recorded value was 18.6% in 2001.
- How does Singapore rank for bank cost to income ratio?
- Singapore ranks 136th out of 169 countries with data for 2021.
- Is bank cost to income ratio rising or falling in Singapore?
- Over the last ten years it is up 14.3%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank cost to income ratio (%). 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. Data2090 / (data2080 + data2085). All Numerator and denominator are first aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.