Financial Development Index in Singapore
Singapore: Financial Development Index was 0.6972 in 2020. β² Rising
Financial Development Index in Singapore, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Singapore is 0.6972, measured in 2020.
Compared with earlier readings it is up 1.2% on the previous year and down 1.2% over ten years.
Over the whole period, financial development index in Singapore peaked at 0.7932 in 2008 and was at its lowest, 0.4003, in 1985.
Singapore ranks 17th of 183 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.4614 | 0.4003 | 0.5241 | 10 |
| 1990s | 0.5802 | 0.4925 | 0.6797 | 10 |
| 2000s | 0.7455 | 0.7069 | 0.7932 | 10 |
| 2010s | 0.7095 | 0.689 | 0.7422 | 10 |
| 2020s | 0.6972 | 0.6972 | 0.6972 | 1 |
Countries ranked near Singapore
More financial sector data for Singapore
- Net domestic credit (current LCU), per capita 123,291 current LCU per person (2020)
- Net domestic credit (current LCU), per unit of GDP 2 current LCU per US$ of GDP (2020)
- Net domestic credit (current LCU), annual growth rate 3.72 % change on previous year (2020)
- Gold reserves at 35 SDRs per ounce 217.81 million SDR (2025)
- Gold reserves at market value 19.85 billion SDR (2025)
- Reserves excluding gold, foreign exchange 289.89 billion SDR (2025)
- Reserves excluding gold 295.68 billion SDR (2025)
- Total reserves (gold at market value) 315.53 billion SDR (2025)
- Total reserves (gold at national valuation) 298.85 billion SDR (2025)
- Domestic credit to private sector by banks 128.4% (2020)
Frequently asked questions
- What is financial development index in Singapore?
- Financial development index in Singapore was 0.6972 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Singapore?
- The highest recorded value was 0.7932 in 2008.
- What is the lowest financial development index recorded in Singapore?
- The lowest recorded value was 0.4003 in 1985.
- How does Singapore rank for financial development index?
- Singapore ranks 17th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Singapore?
- Over the last ten years it is down 1.2%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.