Singapore Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Singapore's credit to gdp was 129.19% in 2020, ranked 152nd globally. This represents a 8.1% increase from 2019. Data from World Bank, covering 1963–2020.
Overview
Singapore's credit to gdp stood at 129.19% in 2020, a rise of +9.72% from 2019. Singapore ranked 152nd globally.
Singapore's credit to GDP ratio has experienced significant growth over the past 58 years, with the latest value standing at 129.19 in 2020. This represents the highest level ever recorded, surpassing the all-time peak of 33.68 in 1963. Notably, Singapore's credit to GDP ratio has surpassed that of France, a developed economy, which stood at 125.40 in 2020. The country's rapid economic growth and strong financial system have contributed to this trend. The significant expansion of credit availability has fueled Singapore's rapid development, enabling the country to become a major financial hub in Southeast Asia. However, a substantial increase in interest rates or a deterioration in the country's creditworthiness could potentially alter this trajectory, leading to a decline in the credit to GDP ratio.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2020 | 129.19% | +9.72% | #152 |
| 2019 | 119.47% | +1.76% | #158 |
| 2018 | 117.71% | −3.13% | #156 |
| 2017 | 120.84% | −2.65% | #160 |
| 2016 | 123.48% | +1.06% | #162 |
| 2015 | 122.42% | −5.71% | #160 |
| 2014 | 128.13% | +4.06% | #160 |
| 2013 | 124.07% | +11.09% | #160 |
| 2012 | 112.97% | +8.27% | #154 |
| 2011 | 104.70% | +9.85% | #150 |
| 2010 | 94.86% | −2.00% | #143 |
| 2009 | 96.86% | −1.00% | #139 |
| 2008 | 97.86% | +12.51% | #138 |
| 2007 | 85.35% | +1.06% | #127 |
| 2006 | 84.29% | −4.94% | #128 |
Detected Pattern
Analysis
Singapore matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Singapore's credit to gdp was 129.19% in 2020. Ranked 152nd globally. This represents a 8.1% increase from the previous year.
Singapore's credit to gdp peaked at 129.19% in 2020.
The lowest credit to gdp in Singapore was 33.68% in 1963.
Singapore ranks 152nd globally in credit to gdp as of 2020.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
The credit to gdp of Singapore in 2020 was 129.19%. This ranks 152nd in the world.
Cite this page
@misc{historysaid_singapore_credit-to-gdp,
title = {Singapore Credit to GDP},
url = {https://historysaid.com/singapore/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}