Financial system deposits to GDP in Singapore
Singapore: Financial system deposits to GDP was 144.2% in 2020. ▲ Rising
Financial system deposits to GDP in Singapore, 1963–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for financial system deposits to gdp in Singapore is 144.2%, measured in 2020. That is the highest value across all 58 years on record.
That represents a change of up 22.9% on the previous year and up 21.0% over ten years.
Over the whole period, financial system deposits to gdp in Singapore peaked at 144.2% in 2020 and was at its lowest, 38.4%, in 1963.
That places Singapore 9th out of 185 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently rising across the 58 years of available data.
Financial system deposits to GDP in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 1963 | 38.4% | — |
| 1964 | 40.9% | +6.3% |
| 1965 | 39.5% | -3.3% |
| 1966 | 41.2% | +4.3% |
| 1967 | 47.2% | +14.5% |
| 1968 | 58.0% | +22.9% |
| 1969 | 59.2% | +2.1% |
| 1970 | 59.7% | +0.8% |
| 1971 | 56.9% | -4.7% |
| 1972 | 59.6% | +4.9% |
| 1973 | 56.1% | -6.0% |
| 1974 | 51.7% | -7.7% |
| 1975 | 55.1% | +6.6% |
| 1976 | 56.2% | +2.0% |
| 1977 | 54.2% | -3.7% |
| 1978 | 53.3% | -1.5% |
| 1979 | 55.6% | +4.3% |
| 1980 | 58.1% | +4.5% |
| 1981 | 63.3% | +9.0% |
| 1982 | 66.3% | +4.6% |
| 1983 | 67.6% | +2.1% |
| 1984 | 66.5% | -1.6% |
| 1985 | 69.5% | +4.5% |
| 1986 | 75.3% | +8.3% |
| 1987 | 81.3% | +7.9% |
| 1988 | 78.4% | -3.5% |
| 1989 | 85.4% | +8.9% |
| 1990 | 89.7% | +5.1% |
| 1991 | 90.6% | +0.9% |
| 1992 | 90.7% | +0.1% |
| 1993 | 85.5% | -5.7% |
| 1994 | 87.3% | +2.1% |
| 1995 | 86.4% | -1.1% |
| 1996 | 86.0% | -0.5% |
| 1997 | 86.4% | +0.5% |
| 1998 | 115.7% | +33.9% |
| 1999 | 121.4% | +4.9% |
| 2000 | 104.6% | -13.8% |
| 2001 | 111.7% | +6.8% |
| 2002 | 107.3% | -3.9% |
| 2003 | 110.2% | +2.7% |
| 2004 | 102.3% | -7.2% |
| 2005 | 99.5% | -2.8% |
| 2006 | 107.6% | +8.2% |
| 2007 | 106.7% | -0.9% |
| 2008 | 118.4% | +11.0% |
| 2009 | 127.5% | +7.7% |
| 2010 | 119.2% | -6.5% |
| 2011 | 121.8% | +2.2% |
| 2012 | 125.1% | +2.7% |
| 2013 | 124.6% | -0.4% |
| 2014 | 123.9% | -0.6% |
| 2015 | 118.3% | -4.5% |
| 2016 | 122.0% | +3.1% |
| 2017 | 116.3% | -4.7% |
| 2018 | 112.8% | -3.0% |
| 2019 | 117.3% | +4.0% |
| 2020 | 144.2% | +22.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 46.4% | 38.4% | 59.2% | 7 |
| 1970s | 55.9% | 51.7% | 59.7% | 10 |
| 1980s | 71.2% | 58.1% | 85.4% | 10 |
| 1990s | 94.0% | 85.5% | 121.4% | 10 |
| 2000s | 109.6% | 99.5% | 127.5% | 10 |
| 2010s | 120.1% | 112.8% | 125.1% | 10 |
| 2020s | 144.2% | 144.2% | 144.2% | 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)
- Total reserves (gold at national valuation) (SDR), per capita 48,902 SDR per person (2025)
Frequently asked questions
- What is financial system deposits to gdp in Singapore?
- Financial system deposits to gdp in Singapore was 144.2% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Singapore?
- The highest recorded value was 144.2% in 2020.
- What is the lowest financial system deposits to gdp recorded in Singapore?
- The lowest recorded value was 38.4% in 1963.
- How does Singapore rank for financial system deposits to gdp?
- Singapore ranks 9th out of 185 countries with data for 2020.
- Is financial system deposits to gdp rising or falling in Singapore?
- Over the last ten years it is up 21.0%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 58 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).