Private credit by deposit money banks and other financial in Singapore
Singapore: Private credit by deposit money banks and other financial was 135.7% in 2020. ▲ Rising
Private credit by deposit money banks and other financial in Singapore, 1963–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2020, private credit by deposit money banks and other financial in Singapore stood at 135.7%. That is the highest value across all 58 years on record.
The figure is up 10.4% on the previous year and up 39.4% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Singapore peaked at 135.7% in 2020 and was at its lowest, 33.7%, in 1963.
Singapore ranks 17th of 187 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 58 years of available data.
Private credit by deposit money banks and other financial in Singapore, year by year
| Year | % | 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 | 43.3% | +20.9% |
| 1969 | 46.1% | +6.6% |
| 1970 | 50.0% | +8.6% |
| 1971 | 50.2% | +0.4% |
| 1972 | 56.0% | +11.5% |
| 1973 | 66.2% | +18.1% |
| 1974 | 60.2% | -9.0% |
| 1975 | 62.9% | +4.4% |
| 1976 | 64.5% | +2.6% |
| 1977 | 65.7% | +1.8% |
| 1978 | 68.3% | +4.0% |
| 1979 | 73.7% | +8.0% |
| 1980 | 78.6% | +6.6% |
| 1981 | 86.6% | +10.2% |
| 1982 | 93.1% | +7.5% |
| 1983 | 100.3% | +7.7% |
| 1984 | 99.8% | -0.5% |
| 1985 | 101.2% | +1.4% |
| 1986 | 97.4% | -3.7% |
| 1987 | 93.2% | -4.3% |
| 1988 | 88.8% | -4.7% |
| 1989 | 92.9% | +4.6% |
| 1990 | 91.9% | -1.1% |
| 1991 | 92.0% | +0.2% |
| 1992 | 93.1% | +1.2% |
| 1993 | 93.3% | +0.1% |
| 1994 | 94.6% | +1.4% |
| 1995 | 101.7% | +7.5% |
| 1996 | 106.3% | +4.5% |
| 1997 | 108.6% | +2.1% |
| 1998 | 119.7% | +10.2% |
| 1999 | 113.5% | -5.2% |
| 2000 | 105.6% | -6.9% |
| 2001 | 122.4% | +15.9% |
| 2002 | 108.5% | -11.4% |
| 2003 | 108.7% | +0.2% |
| 2004 | 99.3% | -8.7% |
| 2005 | 92.9% | -6.4% |
| 2006 | 87.7% | -5.6% |
| 2007 | 89.1% | +1.6% |
| 2008 | 101.4% | +13.9% |
| 2009 | 99.7% | -1.7% |
| 2010 | 97.3% | -2.4% |
| 2011 | 107.4% | +10.4% |
| 2012 | 116.0% | +8.1% |
| 2013 | 127.1% | +9.5% |
| 2014 | 131.2% | +3.3% |
| 2015 | 125.5% | -4.3% |
| 2016 | 126.7% | +0.9% |
| 2017 | 123.7% | -2.4% |
| 2018 | 120.7% | -2.4% |
| 2019 | 122.9% | +1.9% |
| 2020 | 135.7% | +10.4% |
Singapore compared with similar countries
- Singapore's 135.7% is above the median for high income countries, which is 84.9%, 1.6× the median. (62 countries reporting)
- Singapore's 135.7% is above the median for East Asia & Pacific, which is 114.2%, 1.2× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 38.8% | 33.7% | 46.1% | 7 |
| 1970s | 61.8% | 50.0% | 73.7% | 10 |
| 1980s | 93.2% | 78.6% | 101.2% | 10 |
| 1990s | 101.5% | 91.9% | 119.7% | 10 |
| 2000s | 101.5% | 87.7% | 122.4% | 10 |
| 2010s | 119.9% | 97.3% | 131.2% | 10 |
| 2020s | 135.7% | 135.7% | 135.7% | 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 private credit by deposit money banks and other financial in Singapore?
- Private credit by deposit money banks and other financial in Singapore was 135.7% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Singapore?
- The highest recorded value was 135.7% in 2020.
- What is the lowest private credit by deposit money banks and other financial recorded in Singapore?
- The lowest recorded value was 33.7% in 1963.
- How does Singapore rank for private credit by deposit money banks and other financial?
- Singapore ranks 17th out of 187 countries with data for 2020.
- Is private credit by deposit money banks and other financial rising or falling in Singapore?
- Over the last ten years it is up 39.4%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
Download this data
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)