Bank net interest margin (%) in Singapore
Singapore: Bank net interest margin (%) was 1.2% in 2021. ▼ Falling
Bank net interest margin in Singapore, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
In 2021, bank net interest margin in Singapore stood at 1.2%.
Compared with earlier readings it is down 8.1% on the previous year and down 24.8% over ten years.
Over the whole period, bank net interest margin in Singapore peaked at 3.7% in 2004 and was at its lowest, 0.1%, in 2003.
That places Singapore 145th out of 166 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 22 years of available data.
Bank net interest margin (%) in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 2.2% | — |
| 2001 | 0.4% | -79.4% |
| 2002 | 1.3% | +198.1% |
| 2003 | 0.1% | -89.0% |
| 2004 | 3.7% | +2440.3% |
| 2005 | 2.5% | -31.8% |
| 2006 | 1.9% | -26.6% |
| 2007 | 1.9% | +1.3% |
| 2008 | 2.2% | +17.8% |
| 2009 | 1.9% | -13.1% |
| 2010 | 1.8% | -8.5% |
| 2011 | 1.6% | -9.2% |
| 2012 | 1.7% | +2.8% |
| 2013 | 1.6% | -3.6% |
| 2014 | 1.5% | -4.9% |
| 2015 | 1.4% | -6.6% |
| 2016 | 1.4% | -1.9% |
| 2017 | 1.5% | +4.6% |
| 2018 | 1.4% | -1.9% |
| 2019 | 1.5% | +6.3% |
| 2020 | 1.3% | -13.1% |
| 2021 | 1.2% | -8.1% |
Singapore compared with similar countries
- Singapore's 1.2% is below the median for high income countries, which is 1.9%, 63% of the median. (62 countries reporting)
- Singapore's 1.2% is below the median for East Asia & Pacific, which is 2.0%, 60% of the median. (18 countries reporting)
Biggest year-on-year movements
Years where Bank net interest margin (%) 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 |
|---|---|---|---|
| 2004 | +2440.3% | 0.1% | 3.7% |
| 2002 | +198.1% | 0.4% | 1.3% |
| 2003 | -89.0% | 1.3% | 0.1% |
| 2001 | -79.4% | 2.2% | 0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.8% | 0.1% | 3.7% | 10 |
| 2010s | 1.5% | 1.4% | 1.8% | 10 |
| 2020s | 1.3% | 1.2% | 1.3% | 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 net interest margin in Singapore?
- Bank net interest margin in Singapore was 1.2% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank net interest margin recorded in Singapore?
- The highest recorded value was 3.7% in 2004.
- What is the lowest bank net interest margin recorded in Singapore?
- The lowest recorded value was 0.1% in 2003.
- How does Singapore rank for bank net interest margin?
- Singapore ranks 145th out of 166 countries with data for 2021.
- Is bank net interest margin rising or falling in Singapore?
- Over the last ten years it is down 24.8%. 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 net interest margin (%). 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. Data2080[t] / ((data2010[t] + data2010[t-1])/2). Numerator and denominator are 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.