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% |
Singapore compared with similar countries
- Singapore's 10.5% is above the median for high income countries, which is 5.9%, 1.8× the median. (44 countries reporting)
- Singapore's 10.5% is above the median for East Asia & Pacific, which is 1.8%, 5.9× the median. (10 countries reporting)
Biggest year-on-year movements
Years where Total factoring volume to GDP (%) 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 |
|---|---|---|---|
| 2014 | +226.4% | 4.5% | 14.6% |
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
- 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 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.