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Singapore Private Credit (% GDP)

Singapore's private credit (% GDP) rose to 129.19% in 2020, up from 119.47% in 2019, according to World Bank. This represents an increase of 9.72% from the previous year. Singapore has the 10th highest private credit (% GDP). Within Asia, it ranks 6th out of 41 countries.

Yearly Historical Data (1963-2020)

(in %)
Year Private Credit (% GDP)
2020 129.19%
2019 119.47%
2018 117.71%
2017 120.84%
2016 123.48%
2015 122.42%
2014 128.13%
2013 124.07%
2012 112.97%
2011 104.7%
2010 94.86%
2009 96.86%
2008 97.86%
2007 85.35%
2006 84.29%
2005 89.22%
2004 95.73%
2003 104.78%
2002 102.02%
2001 115.02%
2000 96.05%
1999 102.71%
1998 107.93%
1997 96.47%
1996 93.74%
1995 88.29%
1994 81.19%
1993 80.97%
1992 81.09%
1991 79.87%
1990 79.16%
1989 79.54%
1988 76.35%
1987 80.58%
1986 84.35%
1985 87.61%
1984 85.33%
1983 85.61%
1982 80.12%
1981 75.34%
1980 68.91%
1979 64.59%
1978 60.19%
1977 58.17%
1976 57.34%
1975 56.01%
1974 53.31%
1973 59.08%
1972 50.25%
1971 44.88%
1970 45.31%
1969 41.8%
1968 38.29%
1967 35.78%
1966 37.48%
1965 37.27%
1964 37.92%
1963 33.68%
Singapore Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Singapore.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 17.5% 17.7% Dec'24
Debt to GDP Ratio 173% 170% Dec'24