Financial Institutions Efficiency Index in Singapore
Singapore: Financial Institutions Efficiency Index was 0.6967 in 2020. ▬ Flat
Financial Institutions Efficiency Index in Singapore, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions efficiency index in Singapore stood at 0.6967.
That represents a change of down 3.4% on the previous year and down 0.8% over ten years.
Over the whole period, financial institutions efficiency index in Singapore peaked at 0.7577 in 1980 and was at its lowest, 0.6953, in 1991.
Singapore ranks 25th of 183 countries on this measure, in the top quarter.
Financial Institutions Efficiency Index in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.7577 | — |
| 1981 | 0.7236 | -4.5% |
| 1982 | 0.7191 | -0.6% |
| 1983 | 0.7358 | +2.3% |
| 1984 | 0.7354 | -0.1% |
| 1985 | 0.7165 | -2.6% |
| 1986 | 0.7261 | +1.3% |
| 1987 | 0.7087 | -2.4% |
| 1988 | 0.708 | -0.1% |
| 1989 | 0.7096 | +0.2% |
| 1990 | 0.7127 | +0.4% |
| 1991 | 0.6953 | -2.4% |
| 1992 | 0.709 | +2.0% |
| 1993 | 0.708 | -0.1% |
| 1994 | 0.7163 | +1.2% |
| 1995 | 0.7234 | +1.0% |
| 1996 | 0.74 | +2.3% |
| 1997 | 0.7281 | -1.6% |
| 1998 | 0.7191 | -1.2% |
| 1999 | 0.7382 | +2.6% |
| 2000 | 0.7407 | +0.3% |
| 2001 | 0.741 | +0.0% |
| 2002 | 0.7056 | -4.8% |
| 2003 | 0.7106 | +0.7% |
| 2004 | 0.7168 | +0.9% |
| 2005 | 0.7097 | -1.0% |
| 2006 | 0.7283 | +2.6% |
| 2007 | 0.7084 | -2.7% |
| 2008 | 0.7261 | +2.5% |
| 2009 | 0.7033 | -3.1% |
| 2010 | 0.7026 | -0.1% |
| 2011 | 0.7043 | +0.2% |
| 2012 | 0.7062 | +0.3% |
| 2013 | 0.7146 | +1.2% |
| 2014 | 0.712 | -0.4% |
| 2015 | 0.7119 | -0.0% |
| 2016 | 0.7022 | -1.4% |
| 2017 | 0.6998 | -0.3% |
| 2018 | 0.7261 | +3.8% |
| 2019 | 0.7213 | -0.7% |
| 2020 | 0.6967 | -3.4% |
Singapore compared with similar countries
- Singapore's 0.6967 is above the median for high income countries, which is 0.612, 1.1× the median. (62 countries reporting)
- Singapore's 0.6967 is above the median for East Asia & Pacific, which is 0.6283, 1.1× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.7241 | 0.708 | 0.7577 | 10 |
| 1990s | 0.719 | 0.6953 | 0.74 | 10 |
| 2000s | 0.719 | 0.7033 | 0.741 | 10 |
| 2010s | 0.7101 | 0.6998 | 0.7261 | 10 |
| 2020s | 0.6967 | 0.6967 | 0.6967 | 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 financial institutions efficiency index in Singapore?
- Financial institutions efficiency index in Singapore was 0.6967 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Singapore?
- The highest recorded value was 0.7577 in 1980.
- What is the lowest financial institutions efficiency index recorded in Singapore?
- The lowest recorded value was 0.6953 in 1991.
- How does Singapore rank for financial institutions efficiency index?
- Singapore ranks 25th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Singapore?
- Over the last ten years it is down 0.8%. The long-run trend across the full record is flat.
- Where does this Singapore data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Efficiency Index. Statizoid updates them automatically from the source API.
Download this data
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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.