Bank credit to bank deposits in Singapore
Singapore: Bank credit to bank deposits was 94.0% in 2020. ▼ Falling
Bank credit to bank deposits in Singapore, 1963–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2020, bank credit to bank deposits in Singapore stood at 94.0%.
Compared with earlier readings it is down 10.5% on the previous year and up 15.4% over ten years.
Over the whole period, bank credit to bank deposits in Singapore peaked at 158.2% in 1984 and was at its lowest, 74.0%, in 1968.
That places Singapore 48th out of 186 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 58 years of available data.
Bank credit to bank deposits in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 1963 | 87.6% | — |
| 1964 | 92.8% | +5.9% |
| 1965 | 94.2% | +1.6% |
| 1966 | 90.9% | -3.5% |
| 1967 | 75.8% | -16.6% |
| 1968 | 74.0% | -2.3% |
| 1969 | 78.2% | +5.7% |
| 1970 | 85.4% | +9.1% |
| 1971 | 91.5% | +7.2% |
| 1972 | 97.5% | +6.6% |
| 1973 | 123.1% | +26.2% |
| 1974 | 121.8% | -1.1% |
| 1975 | 117.8% | -3.2% |
| 1976 | 118.6% | +0.6% |
| 1977 | 125.8% | +6.1% |
| 1978 | 133.3% | +6.0% |
| 1979 | 137.1% | +2.9% |
| 1980 | 137.9% | +0.6% |
| 1981 | 140.4% | +1.8% |
| 1982 | 144.7% | +3.1% |
| 1983 | 153.7% | +6.2% |
| 1984 | 158.2% | +2.9% |
| 1985 | 152.9% | -3.4% |
| 1986 | 133.0% | -13.0% |
| 1987 | 115.9% | -12.9% |
| 1988 | 113.0% | -2.5% |
| 1989 | 108.5% | -4.0% |
| 1990 | 101.9% | -6.0% |
| 1991 | 101.1% | -0.8% |
| 1992 | 102.1% | +1.0% |
| 1993 | 108.3% | +6.1% |
| 1994 | 108.1% | -0.2% |
| 1995 | 119.4% | +10.5% |
| 1996 | 125.2% | +4.9% |
| 1997 | 127.2% | +1.6% |
| 1998 | 102.8% | -19.2% |
| 1999 | 92.1% | -10.4% |
| 2000 | 99.7% | +8.3% |
| 2001 | 109.5% | +9.8% |
| 2002 | 100.7% | -8.1% |
| 2003 | 97.9% | -2.7% |
| 2004 | 96.3% | -1.7% |
| 2005 | 92.5% | -4.0% |
| 2006 | 80.6% | -12.9% |
| 2007 | 82.9% | +2.9% |
| 2008 | 85.3% | +2.9% |
| 2009 | 77.9% | -8.6% |
| 2010 | 81.5% | +4.5% |
| 2011 | 87.9% | +7.9% |
| 2012 | 92.8% | +5.6% |
| 2013 | 102.2% | +10.2% |
| 2014 | 106.3% | +4.0% |
| 2015 | 106.6% | +0.3% |
| 2016 | 104.2% | -2.3% |
| 2017 | 106.6% | +2.4% |
| 2018 | 107.4% | +0.7% |
| 2019 | 105.0% | -2.2% |
| 2020 | 94.0% | -10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 84.8% | 74.0% | 94.2% | 7 |
| 1970s | 115.2% | 85.4% | 137.1% | 10 |
| 1980s | 135.8% | 108.5% | 158.2% | 10 |
| 1990s | 108.8% | 92.1% | 127.2% | 10 |
| 2000s | 92.3% | 77.9% | 109.5% | 10 |
| 2010s | 100.1% | 81.5% | 107.4% | 10 |
| 2020s | 94.0% | 94.0% | 94.0% | 1 |
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 credit to bank deposits in Singapore?
- Bank credit to bank deposits in Singapore was 94.0% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank credit to bank deposits recorded in Singapore?
- The highest recorded value was 158.2% in 1984.
- What is the lowest bank credit to bank deposits recorded in Singapore?
- The lowest recorded value was 74.0% in 1968.
- How does Singapore rank for bank credit to bank deposits?
- Singapore ranks 48th out of 186 countries with data for 2020.
- Is bank credit to bank deposits rising or falling in Singapore?
- Over the last ten years it is up 15.4%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank credit to bank deposits (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 58 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); bank deposits (IFS lines 24 and 25).