Bank deposits to GDP in Singapore
Singapore: Bank deposits to GDP was 141.1% in 2020. ▲ Rising
Bank deposits to GDP in Singapore, 1963–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Singapore recorded 141.1% for bank deposits to gdp in 2020. That is the highest value across all 58 years on record.
Compared with earlier readings it is up 23.5% on the previous year and up 21.2% over ten years.
Over the whole period, bank deposits to gdp in Singapore peaked at 141.1% in 2020 and was at its lowest, 38.4%, in 1963.
Singapore ranks 10th of 185 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 58 years of available data.
Bank deposits to GDP in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 1963 | 38.4% | — |
| 1964 | 40.9% | +6.3% |
| 1965 | 39.5% | -3.3% |
| 1966 | 41.2% | +4.3% |
| 1967 | 47.2% | +14.5% |
| 1968 | 51.7% | +9.6% |
| 1969 | 53.4% | +3.3% |
| 1970 | 53.1% | -0.6% |
| 1971 | 49.0% | -7.6% |
| 1972 | 51.5% | +5.0% |
| 1973 | 48.0% | -6.9% |
| 1974 | 43.8% | -8.8% |
| 1975 | 47.5% | +8.6% |
| 1976 | 48.4% | +1.7% |
| 1977 | 46.2% | -4.4% |
| 1978 | 45.1% | -2.4% |
| 1979 | 47.1% | +4.3% |
| 1980 | 50.0% | +6.1% |
| 1981 | 53.7% | +7.4% |
| 1982 | 55.3% | +3.1% |
| 1983 | 55.7% | +0.6% |
| 1984 | 53.9% | -3.2% |
| 1985 | 57.3% | +6.2% |
| 1986 | 63.4% | +10.7% |
| 1987 | 69.5% | +9.6% |
| 1988 | 67.5% | -2.8% |
| 1989 | 73.3% | +8.5% |
| 1990 | 77.6% | +5.9% |
| 1991 | 79.0% | +1.7% |
| 1992 | 79.4% | +0.5% |
| 1993 | 74.7% | -5.9% |
| 1994 | 75.1% | +0.5% |
| 1995 | 74.0% | -1.5% |
| 1996 | 74.9% | +1.2% |
| 1997 | 75.8% | +1.3% |
| 1998 | 105.0% | +38.4% |
| 1999 | 111.6% | +6.3% |
| 2000 | 96.4% | -13.6% |
| 2001 | 105.1% | +9.0% |
| 2002 | 101.4% | -3.5% |
| 2003 | 107.0% | +5.5% |
| 2004 | 99.4% | -7.1% |
| 2005 | 96.5% | -3.0% |
| 2006 | 104.6% | +8.5% |
| 2007 | 103.0% | -1.6% |
| 2008 | 114.8% | +11.4% |
| 2009 | 124.3% | +8.3% |
| 2010 | 116.5% | -6.3% |
| 2011 | 119.2% | +2.3% |
| 2012 | 121.8% | +2.2% |
| 2013 | 121.4% | -0.3% |
| 2014 | 120.5% | -0.7% |
| 2015 | 114.8% | -4.8% |
| 2016 | 118.9% | +3.5% |
| 2017 | 113.4% | -4.6% |
| 2018 | 109.9% | -3.1% |
| 2019 | 114.3% | +4.0% |
| 2020 | 141.1% | +23.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 44.6% | 38.4% | 53.4% | 7 |
| 1970s | 48.0% | 43.8% | 53.1% | 10 |
| 1980s | 60.0% | 50.0% | 73.3% | 10 |
| 1990s | 82.7% | 74.0% | 111.6% | 10 |
| 2000s | 105.2% | 96.4% | 124.3% | 10 |
| 2010s | 117.1% | 109.9% | 121.8% | 10 |
| 2020s | 141.1% | 141.1% | 141.1% | 1 |
Countries ranked near Singapore
More financial sector data for Singapore
- Total reserves (gold at national valuation) (SDR), annual growth rate 4.93 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 48,902 SDR per person (2025)
- 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)
Frequently asked questions
- What is bank deposits to gdp in Singapore?
- Bank deposits to gdp in Singapore was 141.1% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Singapore?
- The highest recorded value was 141.1% in 2020.
- What is the lowest bank deposits to gdp recorded in Singapore?
- The lowest recorded value was 38.4% in 1963.
- How does Singapore rank for bank deposits to gdp?
- Singapore ranks 10th out of 185 countries with data for 2020.
- Is bank deposits to gdp rising or falling in Singapore?
- Over the last ten years it is up 21.2%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).