Depositors with commercial banks (per 1,000 adults) in Singapore
Singapore: Depositors with commercial banks (per 1,000 adults) was 3,020 per 1,000 adults in 2024. ▲ Rising
Depositors with commercial banks in Singapore, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
Singapore recorded 3,020 per 1,000 adults for depositors with commercial banks in 2024. That is the highest value across all 21 years on record.
The figure is up 3.9% on the previous year and up 38.8% over ten years.
Over the whole period, depositors with commercial banks in Singapore peaked at 3,020 per 1,000 adults in 2024 and was at its lowest, 1,974 per 1,000 adults, in 2005.
That places Singapore 1st out of 104 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Depositors with commercial banks (per 1,000 adults) in Singapore, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 1,984 per 1,000 adults | — |
| 2005 | 1,974 per 1,000 adults | -0.5% |
| 2006 | 1,981 per 1,000 adults | +0.3% |
| 2007 | 1,991 per 1,000 adults | +0.5% |
| 2008 | 1,994 per 1,000 adults | +0.2% |
| 2009 | 1,993 per 1,000 adults | -0.0% |
| 2010 | 2,044 per 1,000 adults | +2.6% |
| 2011 | 2,079 per 1,000 adults | +1.7% |
| 2012 | 2,103 per 1,000 adults | +1.1% |
| 2013 | 2,141 per 1,000 adults | +1.8% |
| 2014 | 2,176 per 1,000 adults | +1.6% |
| 2015 | 2,187 per 1,000 adults | +0.5% |
| 2016 | 2,207 per 1,000 adults | +0.9% |
| 2017 | 2,232 per 1,000 adults | +1.2% |
| 2018 | 2,269 per 1,000 adults | +1.7% |
| 2019 | 2,314 per 1,000 adults | +2.0% |
| 2020 | 2,401 per 1,000 adults | +3.8% |
| 2021 | 2,733 per 1,000 adults | +13.8% |
| 2022 | 2,853 per 1,000 adults | +4.4% |
| 2023 | 2,905 per 1,000 adults | +1.8% |
| 2024 | 3,020 per 1,000 adults | +3.9% |
Singapore compared with similar countries
- Singapore's 3,020 per 1,000 adults is above the median for high income countries, which is 1,395 per 1,000 adults, 2.2× the median. (21 countries reporting)
- Singapore's 3,020 per 1,000 adults is above the median for East Asia & Pacific, which is 948.71 per 1,000 adults, 3.2× the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1,986 per 1,000 adults | 1,974 per 1,000 adults | 1,994 per 1,000 adults | 6 |
| 2010s | 2,175 per 1,000 adults | 2,044 per 1,000 adults | 2,314 per 1,000 adults | 10 |
| 2020s | 2,783 per 1,000 adults | 2,401 per 1,000 adults | 3,020 per 1,000 adults | 5 |
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 depositors with commercial banks in Singapore?
- Depositors with commercial banks in Singapore was 3,020 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest depositors with commercial banks recorded in Singapore?
- The highest recorded value was 3,020 per 1,000 adults in 2024.
- What is the lowest depositors with commercial banks recorded in Singapore?
- The lowest recorded value was 1,974 per 1,000 adults in 2005.
- How does Singapore rank for depositors with commercial banks?
- Singapore ranks 1st out of 104 countries with data for 2024.
- Is depositors with commercial banks rising or falling in Singapore?
- Over the last ten years it is up 38.8%. 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 Depositors with commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Depositors with commercial banks are the reported number of deposit account holders, including both resident non-financial corporations (both public and private) and individuals from the household sector, at commercial banks within the reporting jurisdiction for every 1,000 adults. The major types of deposits are checking accounts, savings accounts, and time deposits.