Borrowers from commercial banks (per 1,000 adults) in Singapore
Singapore: Borrowers from commercial banks (per 1,000 adults) was 1,074 per 1,000 adults in 2020. ▲ Rising
Borrowers from commercial banks in Singapore, 2004–2020
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
The most recent figure for borrowers from commercial banks in Singapore is 1,074 per 1,000 adults, measured in 2020.
The figure is down 0.7% on the previous year and up 15.9% over ten years.
Over the whole period, borrowers from commercial banks in Singapore peaked at 1,168 per 1,000 adults in 2016 and was at its lowest, 634.23 per 1,000 adults, in 2004.
Singapore ranks 1st of 113 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Borrowers from commercial banks (per 1,000 adults) in Singapore, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 634.23 per 1,000 adults | — |
| 2005 | 652.4 per 1,000 adults | +2.9% |
| 2006 | 805.74 per 1,000 adults | +23.5% |
| 2007 | 843.37 per 1,000 adults | +4.7% |
| 2008 | 823.37 per 1,000 adults | -2.4% |
| 2009 | 860.81 per 1,000 adults | +4.5% |
| 2010 | 926.81 per 1,000 adults | +7.7% |
| 2011 | 1,007 per 1,000 adults | +8.6% |
| 2012 | 1,038 per 1,000 adults | +3.1% |
| 2013 | 1,087 per 1,000 adults | +4.7% |
| 2014 | 1,116 per 1,000 adults | +2.7% |
| 2015 | 1,114 per 1,000 adults | -0.2% |
| 2016 | 1,168 per 1,000 adults | +4.9% |
| 2017 | 1,124 per 1,000 adults | -3.8% |
| 2018 | 1,088 per 1,000 adults | -3.2% |
| 2019 | 1,082 per 1,000 adults | -0.6% |
| 2020 | 1,074 per 1,000 adults | -0.7% |
Singapore compared with similar countries
- Singapore's 1,074 per 1,000 adults is above the median for high income countries, which is 408.04 per 1,000 adults, 2.6× the median. (29 countries reporting)
- Singapore's 1,074 per 1,000 adults is above the median for East Asia & Pacific, which is 305.09 per 1,000 adults, 3.5× the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 769.99 per 1,000 adults | 634.23 per 1,000 adults | 860.81 per 1,000 adults | 6 |
| 2010s | 1,075 per 1,000 adults | 926.81 per 1,000 adults | 1,168 per 1,000 adults | 10 |
| 2020s | 1,074 per 1,000 adults | 1,074 per 1,000 adults | 1,074 per 1,000 adults | 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 borrowers from commercial banks in Singapore?
- Borrowers from commercial banks in Singapore was 1,074 per 1,000 adults in 2020, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Singapore?
- The highest recorded value was 1,168 per 1,000 adults in 2016.
- What is the lowest borrowers from commercial banks recorded in Singapore?
- The lowest recorded value was 634.23 per 1,000 adults in 2004.
- How does Singapore rank for borrowers from commercial banks?
- Singapore ranks 1st out of 113 countries with data for 2020.
- Is borrowers from commercial banks rising or falling in Singapore?
- Over the last ten years it is up 15.9%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Borrowers from commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.