Total factoring volume to GDP in Singapore
Singapore: Total factoring volume to GDP was 10.5% in 2020. ◆ Volatile
Total factoring volume to GDP in Singapore, 2007–2020
Source: Factors Chain International. Measured in %.
Analysis
In 2020, total factoring volume to gdp in Singapore stood at 10.5%.
Compared with earlier readings it is down 11.8% on the previous year and up 222.5% over ten years.
Over the whole period, total factoring volume to gdp in Singapore peaked at 15.4% in 2017 and was at its lowest, 2.5%, in 2007.
That places Singapore 14th out of 73 countries with data for 2020, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total factoring volume to GDP in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 2.5% | — |
| 2008 | 3.0% | +22.6% |
| 2009 | 3.4% | +11.3% |
| 2010 | 3.2% | -4.3% |
| 2011 | 3.4% | +3.4% |
| 2012 | 3.9% | +15.4% |
| 2013 | 4.5% | +15.3% |
| 2014 | 14.6% | +226.4% |
| 2015 | 13.8% | -5.8% |
| 2016 | 13.4% | -2.6% |
| 2017 | 15.4% | +14.8% |
| 2018 | 13.4% | -12.8% |
| 2019 | 11.9% | -11.3% |
| 2020 | 10.5% | -11.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.0% | 2.5% | 3.4% | 3 |
| 2010s | 9.7% | 3.2% | 15.4% | 10 |
| 2020s | 10.5% | 10.5% | 10.5% | 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 total factoring volume to gdp in Singapore?
- Total factoring volume to gdp in Singapore was 10.5% in 2020, according to Factors Chain International.
- What is the highest total factoring volume to gdp recorded in Singapore?
- The highest recorded value was 15.4% in 2017.
- What is the lowest total factoring volume to gdp recorded in Singapore?
- The lowest recorded value was 2.5% in 2007.
- How does Singapore rank for total factoring volume to gdp?
- Singapore ranks 14th out of 73 countries with data for 2020.
- Is total factoring volume to gdp rising or falling in Singapore?
- Over the last ten years it is up 222.5%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Factors Chain International, published as part of Total factoring volume to GDP (%). Statizoid updates them automatically from the source API.
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About this data
GDP data provided by IFS and converted into USD using IFS exchange rates.