Monetary Sector credit to private sector in Singapore
Singapore: Monetary Sector credit to private sector was 128.4% in 2020. ▲ Rising
Monetary Sector credit to private sector in Singapore, 1963–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
In 2020, monetary sector credit to private sector in Singapore stood at 128.4%. That is the highest value across all 58 years on record.
Compared with earlier readings it is up 7.7% on the previous year and up 35.4% over ten years.
Over the whole period, monetary sector credit to private sector in Singapore peaked at 128.4% in 2020 and was at its lowest, 33.7%, in 1963.
Singapore ranks 8th of 186 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 58 years of available data.
Monetary Sector credit to private sector in Singapore, year by year
| Year | % GDP | Change |
|---|---|---|
| 1963 | 33.7% | — |
| 1964 | 37.9% | +12.6% |
| 1965 | 37.3% | -1.7% |
| 1966 | 37.5% | +0.6% |
| 1967 | 35.8% | -4.5% |
| 1968 | 38.3% | +7.0% |
| 1969 | 41.8% | +9.2% |
| 1970 | 45.3% | +8.4% |
| 1971 | 44.9% | -1.0% |
| 1972 | 50.3% | +12.0% |
| 1973 | 59.1% | +17.6% |
| 1974 | 53.3% | -9.8% |
| 1975 | 56.0% | +5.0% |
| 1976 | 57.3% | +2.4% |
| 1977 | 58.2% | +1.5% |
| 1978 | 60.2% | +3.5% |
| 1979 | 64.6% | +7.3% |
| 1980 | 68.9% | +6.7% |
| 1981 | 75.3% | +9.3% |
| 1982 | 80.1% | +6.3% |
| 1983 | 85.6% | +6.8% |
| 1984 | 85.3% | -0.3% |
| 1985 | 87.6% | +2.7% |
| 1986 | 84.3% | -3.7% |
| 1987 | 80.6% | -4.5% |
| 1988 | 76.4% | -5.2% |
| 1989 | 79.5% | +4.2% |
| 1990 | 79.2% | -0.5% |
| 1991 | 79.9% | +0.9% |
| 1992 | 81.1% | +1.5% |
| 1993 | 81.0% | -0.1% |
| 1994 | 81.2% | +0.3% |
| 1995 | 88.3% | +8.7% |
| 1996 | 93.7% | +6.2% |
| 1997 | 96.5% | +2.9% |
| 1998 | 107.9% | +11.9% |
| 1999 | 102.7% | -4.8% |
| 2000 | 96.1% | -6.5% |
| 2001 | 115.0% | +19.8% |
| 2002 | 102.0% | -11.3% |
| 2003 | 104.8% | +2.7% |
| 2004 | 95.7% | -8.6% |
| 2005 | 89.2% | -6.8% |
| 2006 | 84.3% | -5.5% |
| 2007 | 85.4% | +1.3% |
| 2008 | 97.9% | +14.7% |
| 2009 | 96.9% | -1.0% |
| 2010 | 94.9% | -2.1% |
| 2011 | 104.7% | +10.4% |
| 2012 | 113.0% | +7.9% |
| 2013 | 124.1% | +9.8% |
| 2014 | 128.1% | +3.3% |
| 2015 | 122.4% | -4.5% |
| 2016 | 123.1% | +0.5% |
| 2017 | 120.4% | -2.1% |
| 2018 | 117.4% | -2.5% |
| 2019 | 119.3% | +1.5% |
| 2020 | 128.4% | +7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 37.5% | 33.7% | 41.8% | 7 |
| 1970s | 54.9% | 44.9% | 64.6% | 10 |
| 1980s | 80.4% | 68.9% | 87.6% | 10 |
| 1990s | 89.1% | 79.2% | 107.9% | 10 |
| 2000s | 96.7% | 84.3% | 115.0% | 10 |
| 2010s | 116.7% | 94.9% | 128.1% | 10 |
| 2020s | 128.4% | 128.4% | 128.4% | 1 |
Countries ranked near Singapore
More financial sector data for Singapore
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 5.6 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.4801 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 47,436 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 5.5 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 48,383 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 7.17 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 51,631 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 4.93 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 48,902 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 4.92 % change on previous year (2025)
Frequently asked questions
- What is monetary sector credit to private sector in Singapore?
- Monetary sector credit to private sector in Singapore was 128.4% in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Singapore?
- The highest recorded value was 128.4% in 2020.
- What is the lowest monetary sector credit to private sector recorded in Singapore?
- The lowest recorded value was 33.7% in 1963.
- How does Singapore rank for monetary sector credit to private sector?
- Singapore ranks 8th out of 186 countries with data for 2020.
- Is monetary sector credit to private sector rising or falling in Singapore?
- Over the last ten years it is up 35.4%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.