Claims on private sector in Singapore
Singapore: Claims on private sector was 1.5% in 2020. ◆ Volatile
Claims on private sector in Singapore, 1964–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual growth as % of broad money.
Analysis
The most recent figure for claims on private sector in Singapore is 1.5%, measured in 2020.
The figure is down 37.7% on the previous year and down 85.0% over ten years.
Over the whole period, claims on private sector in Singapore peaked at 37.3% in 1973 and was at its lowest, -8.8%, in 2002.
Singapore ranks 137th of 167 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on private sector in Singapore, year by year
| Year | annual growth as % of broad money | Change |
|---|---|---|
| 1964 | 6.2% | — |
| 1965 | 4.7% | -23.4% |
| 1966 | 8.9% | +86.4% |
| 1967 | 5.2% | -41.5% |
| 1968 | 14.2% | +174.9% |
| 1969 | 16.4% | +15.3% |
| 1970 | 16.2% | -1.3% |
| 1971 | 11.6% | -28.5% |
| 1972 | 25.3% | +117.9% |
| 1973 | 37.3% | +47.7% |
| 1974 | 11.5% | -69.3% |
| 1975 | 12.2% | +6.9% |
| 1976 | 11.2% | -8.6% |
| 1977 | 9.9% | -11.7% |
| 1978 | 15.6% | +57.3% |
| 1979 | 24.1% | +54.9% |
| 1980 | 32.3% | +34.2% |
| 1981 | 31.4% | -2.9% |
| 1982 | 22.2% | -29.4% |
| 1983 | 23.5% | +6.0% |
| 1984 | 11.9% | -49.5% |
| 1985 | 0.7% | -94.1% |
| 1986 | -4.6% | -761.8% |
| 1987 | 7.1% | -253.9% |
| 1988 | 11.0% | +54.7% |
| 1989 | 18.9% | +71.5% |
| 1990 | 13.7% | -27.9% |
| 1991 | 11.2% | -18.0% |
| 1992 | 8.8% | -21.4% |
| 1993 | 13.8% | +56.4% |
| 1994 | 14.7% | +6.9% |
| 1995 | 19.7% | +33.7% |
| 1996 | 17.1% | -13.4% |
| 1997 | 14.4% | -15.5% |
| 1998 | 9.3% | -35.7% |
| 1999 | -2.9% | -131.2% |
| 2000 | 5.1% | -276.3% |
| 2001 | 15.2% | +198.4% |
| 2002 | -8.8% | -158.2% |
| 2003 | 5.1% | -157.7% |
| 2004 | 4.0% | -20.8% |
| 2005 | 1.8% | -56.1% |
| 2006 | 4.2% | +137.4% |
| 2007 | 12.8% | +205.1% |
| 2008 | 11.9% | -7.5% |
| 2009 | 1.6% | -86.3% |
| 2010 | 9.9% | +504.9% |
| 2011 | 14.3% | +45.1% |
| 2012 | 11.0% | -23.3% |
| 2013 | 12.8% | +16.5% |
| 2014 | 6.8% | -47.0% |
| 2015 | 1.4% | -79.3% |
| 2016 | 5.2% | +267.6% |
| 2017 | 5.0% | -3.2% |
| 2018 | 4.4% | -13.0% |
| 2019 | 2.4% | -45.6% |
| 2020 | 1.5% | -37.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.3% | 4.7% | 16.4% | 6 |
| 1970s | 17.5% | 9.9% | 37.3% | 10 |
| 1980s | 15.4% | -4.6% | 32.3% | 10 |
| 1990s | 12.0% | -2.9% | 19.7% | 10 |
| 2000s | 5.3% | -8.8% | 15.2% | 10 |
| 2010s | 7.3% | 1.4% | 14.3% | 10 |
| 2020s | 1.5% | 1.5% | 1.5% | 1 |
Countries ranked near Singapore
- 134 Palestine, State of 1.7% compare
- 135 Barbados 1.6% compare
- 136 Sweden 1.5% compare
- 138 Antigua and Barbuda 1.4% compare
- 139 Ukraine 1.3% compare
- 140 Brunei Darussalam 1.1% compare
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 claims on private sector in Singapore?
- Claims on private sector in Singapore was 1.5% in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on private sector recorded in Singapore?
- The highest recorded value was 37.3% in 1973.
- What is the lowest claims on private sector recorded in Singapore?
- The lowest recorded value was -8.8% in 2002.
- How does Singapore rank for claims on private sector?
- Singapore ranks 137th out of 167 countries with data for 2020.
- Is claims on private sector rising or falling in Singapore?
- Over the last ten years it is down 85.0%. 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 Claims on private sector (annual growth as % of broad money). Statizoid updates them automatically from the source API.
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About this data
Claims on private sector include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere. 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 represents the annual percentage growth in the ratio of claims to broad money.