Net domestic credit (current LCU) in Singapore
Singapore: Net domestic credit (current LCU) was 701.01 billion current LCU in 2020. ◆ Volatile
Latest (2020)
701.01 billion current LCU
Change on year
up 3.7%
World rank
97th
of 187 countries
All-time high
701.01 billion current LCU
in 2020
All-time low
201.00 million current LCU
in 1963
Years of data
58
1963–2020
Net domestic credit in Singapore, 1963–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, net domestic credit in Singapore stood at 701.01 billion current LCU. That is the highest value across all 58 years on record.
The figure is up 3.7% on the previous year and up 169.3% over ten years.
Over the whole period, net domestic credit in Singapore peaked at 701.01 billion current LCU in 2020 and was at its lowest, 201.00 million current LCU, in 1963.
That places Singapore 97th out of 187 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net domestic credit (current LCU) in Singapore, year by year
| Year | current LCU | Change |
|---|---|---|
| 1963 | 201.00 million current LCU | — |
| 1964 | 316.00 million current LCU | +57.2% |
| 1965 | 494.00 million current LCU | +56.3% |
| 1966 | 612.00 million current LCU | +23.9% |
| 1967 | 628.00 million current LCU | +2.6% |
| 1968 | 840.00 million current LCU | +33.8% |
| 1969 | 968.00 million current LCU | +15.2% |
| 1970 | 1.16 billion current LCU | +20.1% |
| 1971 | 1.09 billion current LCU | -6.3% |
| 1972 | 1.64 billion current LCU | +50.2% |
| 1973 | 2.58 billion current LCU | +57.5% |
| 1974 | 2.62 billion current LCU | +1.6% |
| 1975 | 3.05 billion current LCU | +16.4% |
| 1976 | 4.21 billion current LCU | +38.0% |
| 1977 | 4.64 billion current LCU | +10.3% |
| 1978 | 5.47 billion current LCU | +17.9% |
| 1979 | 6.95 billion current LCU | +27.1% |
| 1980 | 10.65 billion current LCU | +53.3% |
| 1981 | 20.20 billion current LCU | +89.6% |
| 1982 | 20.19 billion current LCU | -0.0% |
| 1983 | 28.79 billion current LCU | +42.6% |
| 1984 | 33.03 billion current LCU | +14.7% |
| 1985 | 30.13 billion current LCU | -8.8% |
| 1986 | 30.47 billion current LCU | +1.1% |
| 1987 | 33.53 billion current LCU | +10.0% |
| 1988 | 34.97 billion current LCU | +4.3% |
| 1989 | 36.78 billion current LCU | +5.2% |
| 1990 | 41.32 billion current LCU | +12.3% |
| 1991 | 47.05 billion current LCU | +13.9% |
| 1992 | 49.62 billion current LCU | +5.5% |
| 1993 | 55.58 billion current LCU | +12.0% |
| 1994 | 62.70 billion current LCU | +12.8% |
| 1995 | 73.64 billion current LCU | +17.4% |
| 1996 | 86.37 billion current LCU | +17.3% |
| 1997 | 103.25 billion current LCU | +19.5% |
| 1998 | 122.08 billion current LCU | +18.2% |
| 1999 | 120.53 billion current LCU | -1.3% |
| 2000 | 126.64 billion current LCU | +5.1% |
| 2001 | 144.62 billion current LCU | +14.2% |
| 2002 | 121.31 billion current LCU | -16.1% |
| 2003 | 134.00 billion current LCU | +10.5% |
| 2004 | 137.88 billion current LCU | +2.9% |
| 2005 | 129.71 billion current LCU | -5.9% |
| 2006 | 144.56 billion current LCU | +11.5% |
| 2007 | 186.08 billion current LCU | +28.7% |
| 2008 | 206.84 billion current LCU | +11.2% |
| 2009 | 241.83 billion current LCU | +16.9% |
| 2010 | 260.31 billion current LCU | +7.6% |
| 2011 | 305.88 billion current LCU | +17.5% |
| 2012 | 343.91 billion current LCU | +12.4% |
| 2013 | 419.93 billion current LCU | +22.1% |
| 2014 | 492.59 billion current LCU | +17.3% |
| 2015 | 487.18 billion current LCU | -1.1% |
| 2016 | 554.50 billion current LCU | +13.8% |
| 2017 | 629.84 billion current LCU | +13.6% |
| 2018 | 670.95 billion current LCU | +6.5% |
| 2019 | 675.90 billion current LCU | +0.7% |
| 2020 | 701.01 billion current LCU | +3.7% |
Singapore compared with similar countries
- Singapore's 701.01 billion current LCU is above the median for high income countries, which is 701.01 billion current LCU, 1.0× the median. (61 countries reporting)
- Singapore's 701.01 billion current LCU is below the median for East Asia & Pacific, which is 4.46 trillion current LCU, 16% of the median. (26 countries reporting)
Biggest year-on-year movements
Years where Net domestic credit (current LCU) in Singapore changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1981 | +89.6% | 10.65 billion current LCU | 20.20 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 579.86 million current LCU | 201.00 million current LCU | 968.00 million current LCU | 7 |
| 1970s | 3.34 billion current LCU | 1.09 billion current LCU | 6.95 billion current LCU | 10 |
| 1980s | 27.87 billion current LCU | 10.65 billion current LCU | 36.78 billion current LCU | 10 |
| 1990s | 76.21 billion current LCU | 41.32 billion current LCU | 122.08 billion current LCU | 10 |
| 2000s | 157.35 billion current LCU | 121.31 billion current LCU | 241.83 billion current LCU | 10 |
| 2010s | 484.10 billion current LCU | 260.31 billion current LCU | 675.90 billion current LCU | 10 |
| 2020s | 701.01 billion current LCU | 701.01 billion current LCU | 701.01 billion current LCU | 1 |
Countries ranked near Singapore
- 94 Saudi Arabia 1.00 trillion current LCU compare
- 95 Honduras 825.82 billion current LCU compare
- 96 Belgium 762.57 billion current LCU compare
- 98 North Macedonia 655.53 billion current LCU compare
- 99 New Zealand 640.25 billion current LCU compare
- 100 Romania 604.19 billion current LCU 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 net domestic credit in Singapore?
- Net domestic credit in Singapore was 701.01 billion current LCU in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net domestic credit recorded in Singapore?
- The highest recorded value was 701.01 billion current LCU in 2020.
- What is the lowest net domestic credit recorded in Singapore?
- The lowest recorded value was 201.00 million current LCU in 1963.
- How does Singapore rank for net domestic credit?
- Singapore ranks 97th out of 187 countries with data for 2020.
- Is net domestic credit rising or falling in Singapore?
- Over the last ten years it is up 169.3%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Net domestic credit (current LCU). 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
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.