Loans from nonresident banks (net) to GDP in Singapore
Singapore: Loans from nonresident banks (net) to GDP was 0.3% in 2021. ◆ Volatile
Loans from nonresident banks (net) to GDP in Singapore, 1972–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
In 2021, loans from nonresident banks (net) to gdp in Singapore stood at 0.3%.
Compared with earlier readings it is down 82.9% on the previous year and down 43.4% over ten years.
Over the whole period, loans from nonresident banks (net) to gdp in Singapore peaked at 3.6% in 2003 and was at its lowest, -1.9%, in 2014.
That places Singapore 40th out of 98 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (net) to GDP in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 1972 | 0.7% | — |
| 1973 | 0.8% | +10.4% |
| 1975 | 0.3% | -58.4% |
| 1976 | 1.1% | +232.7% |
| 1977 | 0.9% | -16.5% |
| 1981 | -0.2% | -118.8% |
| 1982 | -0.1% | -29.5% |
| 1983 | 0.3% | -362.3% |
| 1985 | 0.2% | -32.8% |
| 1986 | 0.8% | +280.4% |
| 1987 | 0.3% | -58.2% |
| 1988 | -0.3% | -190.4% |
| 1989 | -0.7% | +108.2% |
| 1992 | -0.1% | -78.1% |
| 1993 | 0.3% | -298.4% |
| 1994 | 0.1% | -76.2% |
| 1995 | -0.1% | -301.4% |
| 1996 | 1.4% | -1092.4% |
| 1997 | -0.1% | -106.0% |
| 1998 | 0.0% | -134.6% |
| 1999 | 1.1% | +3741.7% |
| 2000 | 0.5% | -52.9% |
| 2001 | 3.1% | +513.8% |
| 2002 | 0.2% | -93.6% |
| 2003 | 3.6% | +1684.2% |
| 2004 | 2.9% | -18.2% |
| 2005 | 0.5% | -82.6% |
| 2006 | 0.1% | -76.9% |
| 2007 | 0.2% | +101.6% |
| 2008 | -0.8% | -422.6% |
| 2009 | 1.2% | -257.0% |
| 2010 | 0.2% | -85.7% |
| 2011 | 0.6% | +253.9% |
| 2012 | 1.4% | +127.9% |
| 2013 | 0.6% | -53.4% |
| 2014 | -1.9% | -389.6% |
| 2015 | -0.6% | -67.4% |
| 2016 | -0.9% | +51.7% |
| 2017 | 0.2% | -122.4% |
| 2018 | 1.1% | +457.4% |
| 2019 | -0.2% | -115.2% |
| 2020 | 2.0% | -1242.8% |
| 2021 | 0.3% | -82.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8% | 0.3% | 1.1% | 5 |
| 1980s | 0.1% | -0.7% | 0.8% | 8 |
| 1990s | 0.3% | -0.1% | 1.4% | 8 |
| 2000s | 1.2% | -0.8% | 3.6% | 10 |
| 2010s | 0.1% | -1.9% | 1.4% | 10 |
| 2020s | 1.2% | 0.3% | 2.0% | 2 |
Countries ranked near Singapore
- 37 Malaysia 0.4% compare
- 38 Italy 0.4% compare
- 39 Slovenia 0.4% compare
- 41 Dominican Republic 0.3% compare
- 42 Iran, Islamic Republic of 0.3% compare
- 43 Kazakhstan 0.3% compare
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 loans from nonresident banks (net) to gdp in Singapore?
- Loans from nonresident banks (net) to gdp in Singapore was 0.3% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (net) to gdp recorded in Singapore?
- The highest recorded value was 3.6% in 2003.
- What is the lowest loans from nonresident banks (net) to gdp recorded in Singapore?
- The lowest recorded value was -1.9% in 2014.
- How does Singapore rank for loans from nonresident banks (net) to gdp?
- Singapore ranks 40th out of 98 countries with data for 2021.
- Is loans from nonresident banks (net) to gdp rising or falling in Singapore?
- Over the last ten years it is down 43.4%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (net) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of net offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 12A (Net Issues): International debt securities - all issuers.