Private credit by deposit money banks to GDP in Singapore
Singapore: Private credit by deposit money banks to GDP was 132.7% in 2020. ▲ Rising
Private credit by deposit money banks to GDP in Singapore, 1963–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Singapore recorded 132.7% for private credit by deposit money banks to gdp in 2020. That is the highest value across all 58 years on record.
Compared with earlier readings it is up 10.5% on the previous year and up 39.9% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Singapore peaked at 132.7% in 2020 and was at its lowest, 33.7%, in 1963.
That places Singapore 13th out of 187 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.
Private credit by deposit money banks to GDP 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 | 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% | +5.1% |
| 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% | +9.4% |
| 1982 | 80.1% | +6.3% |
| 1983 | 85.6% | +6.9% |
| 1984 | 85.3% | -0.3% |
| 1985 | 87.6% | +2.7% |
| 1986 | 84.3% | -3.7% |
| 1987 | 80.6% | -4.5% |
| 1988 | 76.3% | -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% | +8.8% |
| 1996 | 93.7% | +6.2% |
| 1997 | 96.5% | +2.9% |
| 1998 | 107.9% | +11.9% |
| 1999 | 102.7% | -4.8% |
| 2000 | 96.0% | -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 | 123.8% | +1.2% |
| 2017 | 121.0% | -2.3% |
| 2018 | 118.1% | -2.4% |
| 2019 | 120.0% | +1.7% |
| 2020 | 132.7% | +10.5% |
Singapore compared with similar countries
- Singapore's 132.7% is above the median for high income countries, which is 79.1%, 1.7× the median. (62 countries reporting)
- Singapore's 132.7% is above the median for East Asia & Pacific, which is 71.8%, 1.8× the median. (26 countries reporting)
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 | 117.0% | 94.9% | 128.1% | 10 |
| 2020s | 132.7% | 132.7% | 132.7% | 1 |
Countries ranked near Singapore
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 private credit by deposit money banks to gdp in Singapore?
- Private credit by deposit money banks to gdp in Singapore was 132.7% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Singapore?
- The highest recorded value was 132.7% in 2020.
- What is the lowest private credit by deposit money banks to gdp recorded in Singapore?
- The lowest recorded value was 33.7% in 1963.
- How does Singapore rank for private credit by deposit money banks to gdp?
- Singapore ranks 13th out of 187 countries with data for 2020.
- Is private credit by deposit money banks to gdp rising or falling in Singapore?
- Over the last ten years it is up 39.9%. 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 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
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 (IFS line 22d); 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).