Broad money growth in Singapore
Singapore: Broad money growth was 13.2% in 2020. ◆ Volatile
Broad money growth in Singapore, 1964–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
In 2020, broad money growth in Singapore stood at 13.2%.
Compared with earlier readings it is up 166.4% on the previous year and up 53.6% over ten years.
Over the whole period, broad money growth in Singapore peaked at 30.2% in 1998 and was at its lowest, -2.0%, in 2000.
That places Singapore 56th out of 166 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth in Singapore, year by year
| Year | annual % | Change |
|---|---|---|
| 1964 | 5.0% | — |
| 1965 | 5.8% | +17.1% |
| 1966 | 14.7% | +152.3% |
| 1967 | 16.9% | +14.8% |
| 1968 | 24.7% | +45.9% |
| 1969 | 20.8% | -15.7% |
| 1970 | 15.5% | -25.6% |
| 1971 | 9.3% | -40.1% |
| 1972 | 25.6% | +176.1% |
| 1973 | 15.5% | -39.4% |
| 1974 | 13.5% | -13.2% |
| 1975 | 17.9% | +32.9% |
| 1976 | 12.7% | -29.0% |
| 1977 | 6.6% | -48.4% |
| 1978 | 10.8% | +64.1% |
| 1979 | 18.8% | +74.1% |
| 1980 | 24.5% | +30.9% |
| 1981 | 22.4% | -8.5% |
| 1982 | 15.9% | -29.0% |
| 1983 | 11.9% | -25.1% |
| 1984 | 6.2% | -47.6% |
| 1985 | 3.8% | -39.3% |
| 1986 | 10.0% | +163.2% |
| 1987 | 19.8% | +98.6% |
| 1988 | 13.5% | -32.0% |
| 1989 | 22.5% | +66.8% |
| 1990 | 20.0% | -11.1% |
| 1991 | 12.4% | -37.7% |
| 1992 | 8.9% | -28.5% |
| 1993 | 8.5% | -5.0% |
| 1994 | 14.4% | +70.7% |
| 1995 | 8.5% | -41.1% |
| 1996 | 9.8% | +15.2% |
| 1997 | 10.3% | +4.9% |
| 1998 | 30.2% | +194.6% |
| 1999 | 8.5% | -71.9% |
| 2000 | -2.0% | -124.1% |
| 2001 | 5.9% | -385.8% |
| 2002 | -0.3% | -105.7% |
| 2003 | 8.1% | -2525.3% |
| 2004 | 6.2% | -22.6% |
| 2005 | 6.2% | -0.7% |
| 2006 | 19.4% | +212.7% |
| 2007 | 13.4% | -30.8% |
| 2008 | 12.0% | -10.2% |
| 2009 | 11.3% | -5.9% |
| 2010 | 8.6% | -24.2% |
| 2011 | 10.0% | +16.3% |
| 2012 | 7.2% | -27.7% |
| 2013 | 4.3% | -40.3% |
| 2014 | 3.3% | -22.8% |
| 2015 | 1.5% | -54.3% |
| 2016 | 8.0% | +427.8% |
| 2017 | 3.2% | -60.2% |
| 2018 | 3.9% | +22.0% |
| 2019 | 5.0% | +26.9% |
| 2020 | 13.2% | +166.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 14.7% | 5.0% | 24.7% | 6 |
| 1970s | 14.6% | 6.6% | 25.6% | 10 |
| 1980s | 15.1% | 3.8% | 24.5% | 10 |
| 1990s | 13.2% | 8.5% | 30.2% | 10 |
| 2000s | 8.0% | -2.0% | 19.4% | 10 |
| 2010s | 5.5% | 1.5% | 10.0% | 10 |
| 2020s | 13.2% | 13.2% | 13.2% | 1 |
Countries ranked near Singapore
More financial sector data for Singapore
- 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)
- Total reserves (gold at market value) (SDR), annual growth rate 7.17 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 51,631 SDR per person (2025)
Frequently asked questions
- What is broad money growth in Singapore?
- Broad money growth in Singapore was 13.2% in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Singapore?
- The highest recorded value was 30.2% in 1998.
- What is the lowest broad money growth recorded in Singapore?
- The lowest recorded value was -2.0% in 2000.
- How does Singapore rank for broad money growth?
- Singapore ranks 56th out of 166 countries with data for 2020.
- Is broad money growth rising or falling in Singapore?
- Over the last ten years it is up 53.6%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.