Financial Institutions Access Index in Singapore
Singapore: Financial Institutions Access Index was 0.3189 in 2020. ▲ Rising
Financial Institutions Access Index in Singapore, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions access index in Singapore is 0.3189, measured in 2020.
The figure is down 8.7% on the previous year and down 14.6% over ten years.
Over the whole period, financial institutions access index in Singapore peaked at 0.3783 in 2018 and was at its lowest, 0.2217, in 1988.
That places Singapore 101st out of 183 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Institutions Access Index in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.2409 | — |
| 1981 | 0.2281 | -5.3% |
| 1982 | 0.232 | +1.7% |
| 1983 | 0.2529 | +9.0% |
| 1984 | 0.2521 | -0.3% |
| 1985 | 0.2424 | -3.9% |
| 1986 | 0.2444 | +0.9% |
| 1987 | 0.2283 | -6.6% |
| 1988 | 0.2217 | -2.9% |
| 1989 | 0.2311 | +4.2% |
| 1990 | 0.2346 | +1.5% |
| 1991 | 0.2333 | -0.6% |
| 1992 | 0.2345 | +0.5% |
| 1993 | 0.2315 | -1.3% |
| 1994 | 0.2431 | +5.0% |
| 1995 | 0.2618 | +7.7% |
| 1996 | 0.2842 | +8.5% |
| 1997 | 0.3044 | +7.1% |
| 1998 | 0.3224 | +5.9% |
| 1999 | 0.3106 | -3.7% |
| 2000 | 0.303 | -2.4% |
| 2001 | 0.3662 | +20.8% |
| 2002 | 0.3617 | -1.2% |
| 2003 | 0.343 | -5.2% |
| 2004 | 0.3371 | -1.7% |
| 2005 | 0.3377 | +0.2% |
| 2006 | 0.3361 | -0.5% |
| 2007 | 0.3419 | +1.7% |
| 2008 | 0.3375 | -1.3% |
| 2009 | 0.3459 | +2.5% |
| 2010 | 0.3731 | +7.9% |
| 2011 | 0.3732 | +0.0% |
| 2012 | 0.3691 | -1.1% |
| 2013 | 0.3611 | -2.2% |
| 2014 | 0.3568 | -1.2% |
| 2015 | 0.3586 | +0.5% |
| 2016 | 0.3456 | -3.6% |
| 2017 | 0.3728 | +7.9% |
| 2018 | 0.3783 | +1.5% |
| 2019 | 0.349 | -7.7% |
| 2020 | 0.3189 | -8.7% |
Singapore compared with similar countries
- Singapore's 0.3189 is below the median for high income countries, which is 0.5313, 60% of the median. (62 countries reporting)
- Singapore's 0.3189 is below the median for East Asia & Pacific, which is 0.3555, 90% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.2374 | 0.2217 | 0.2529 | 10 |
| 1990s | 0.266 | 0.2315 | 0.3224 | 10 |
| 2000s | 0.341 | 0.303 | 0.3662 | 10 |
| 2010s | 0.3638 | 0.3456 | 0.3783 | 10 |
| 2020s | 0.3189 | 0.3189 | 0.3189 | 1 |
Countries ranked near Singapore
- 98 Maldives 0.3242 compare
- 99 United Arab Emirates 0.3229 compare
- 100 Trinidad and Tobago 0.3208 compare
- 102 Dominican Republic 0.3114 compare
- 103 Botswana 0.3101 compare
- 104 Jordan 0.2945 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 financial institutions access index in Singapore?
- Financial institutions access index in Singapore was 0.3189 in 2020, according to International Monetary Fund.
- What is the highest financial institutions access index recorded in Singapore?
- The highest recorded value was 0.3783 in 2018.
- What is the lowest financial institutions access index recorded in Singapore?
- The lowest recorded value was 0.2217 in 1988.
- How does Singapore rank for financial institutions access index?
- Singapore ranks 101st out of 183 countries with data for 2020.
- Is financial institutions access index rising or falling in Singapore?
- Over the last ten years it is down 14.6%. 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 Institutions Access Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 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.