Broad money to total reserves ratio (International Financial) in Singapore
Singapore: Broad money to total reserves ratio (International Financial) was 1.4 in 2020. ▲ Rising
Broad money to total reserves ratio in Singapore, 1963–2020
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
The most recent figure for broad money to total reserves ratio in Singapore is 1.4, measured in 2020.
Compared with earlier readings it is down 13.6% on the previous year and up 9.8% over ten years.
Over the whole period, broad money to total reserves ratio in Singapore peaked at 1.62 in 2019 and was at its lowest, 0.8397, in 1978.
That places Singapore 145th out of 159 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 58 years of available data.
Broad money to total reserves ratio (International Financial) in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 1963 | 1.12 | — |
| 1964 | 1.18 | +5.5% |
| 1965 | 1.25 | +6.1% |
| 1966 | 1.57 | +25.2% |
| 1967 | 1.46 | -7.0% |
| 1968 | 1.26 | -13.3% |
| 1969 | 1.32 | +4.1% |
| 1970 | 1.24 | -5.7% |
| 1971 | 0.9458 | -23.8% |
| 1972 | 0.9903 | +4.7% |
| 1973 | 0.9492 | -4.1% |
| 1974 | 1 | +5.6% |
| 1975 | 1.11 | +11.2% |
| 1976 | 1.15 | +3.5% |
| 1977 | 1.03 | -10.8% |
| 1978 | 0.8397 | -18.4% |
| 1979 | 0.9749 | +16.1% |
| 1980 | 1.12 | +15.4% |
| 1981 | 1.22 | +8.2% |
| 1982 | 1.27 | +4.6% |
| 1983 | 1.29 | +1.1% |
| 1984 | 1.23 | -4.3% |
| 1985 | 1.03 | -16.6% |
| 1986 | 1.09 | +5.9% |
| 1987 | 1.12 | +2.9% |
| 1988 | 1.17 | +4.6% |
| 1989 | 1.26 | +7.4% |
| 1990 | 1.14 | -9.2% |
| 1991 | 1.18 | +3.2% |
| 1992 | 1.16 | -1.2% |
| 1993 | 1.05 | -9.8% |
| 1994 | 1.06 | +0.5% |
| 1995 | 1.05 | -0.9% |
| 1996 | 1.03 | -1.3% |
| 1997 | 1.16 | +12.9% |
| 1998 | 1.28 | +9.9% |
| 1999 | 1.34 | +4.4% |
| 2000 | 1.22 | -8.5% |
| 2001 | 1.32 | +7.8% |
| 2002 | 1.21 | -8.4% |
| 2003 | 1.14 | -5.2% |
| 2004 | 1.07 | -6.2% |
| 2005 | 1.12 | +4.3% |
| 2006 | 1.19 | +6.5% |
| 2007 | 1.19 | -0.2% |
| 2008 | 1.33 | +11.7% |
| 2009 | 1.33 | +0.1% |
| 2010 | 1.28 | -3.8% |
| 2011 | 1.45 | +13.1% |
| 2012 | 1.43 | -1.1% |
| 2013 | 1.43 | -0.3% |
| 2014 | 1.55 | +8.4% |
| 2015 | 1.5 | -2.8% |
| 2016 | 1.62 | +7.9% |
| 2017 | 1.47 | -9.1% |
| 2018 | 1.53 | +3.6% |
| 2019 | 1.62 | +6.4% |
| 2020 | 1.4 | -13.6% |
Singapore compared with similar countries
- Singapore's 1.4 is below the median for high income countries, which is 3.49, 40% of the median. (41 countries reporting)
- Singapore's 1.4 is below the median for East Asia & Pacific, which is 3.17, 44% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.31 | 1.12 | 1.57 | 7 |
| 1970s | 1.02 | 0.8397 | 1.24 | 10 |
| 1980s | 1.18 | 1.03 | 1.29 | 10 |
| 1990s | 1.14 | 1.03 | 1.34 | 10 |
| 2000s | 1.21 | 1.07 | 1.33 | 10 |
| 2010s | 1.49 | 1.28 | 1.62 | 10 |
| 2020s | 1.4 | 1.4 | 1.4 | 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 broad money to total reserves ratio in Singapore?
- Broad money to total reserves ratio in Singapore was 1.4 in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in Singapore?
- The highest recorded value was 1.62 in 2019.
- What is the lowest broad money to total reserves ratio recorded in Singapore?
- The lowest recorded value was 0.8397 in 1978.
- How does Singapore rank for broad money to total reserves ratio?
- Singapore ranks 145th out of 159 countries with data for 2020.
- Is broad money to total reserves ratio rising or falling in Singapore?
- Over the last ten years it is up 9.8%. The long-run trend across the full record is rising.
- 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 to total reserves ratio. 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. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).