Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Singapore
DDDI12SGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.68
Year-over-Year Change
33.79%
Date Range
1/1/1963 - 1/1/2020
Summary
This economic indicator measures the ratio of private credit provided by deposit money banks and other financial institutions to the gross domestic product (GDP) in Singapore. It serves as a key metric for assessing the depth and development of the country's financial sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The private credit to GDP ratio is an important measure of financial intermediation, providing insights into the level of financial sector development and its role in supporting private investment and economic growth. Higher ratios generally indicate a more mature and efficient financial system.
Methodology
The data is collected and calculated by the World Bank using information from central banks, national statistical agencies, and international organizations.
Historical Context
Policymakers and analysts use this metric to evaluate the financial system's ability to channel funds to the private sector and support economic expansion.
Key Facts
- Singapore's private credit to GDP ratio was 148.7% in 2020.
- The ratio has increased significantly over the past two decades, indicating financial sector deepening.
- High private credit levels are associated with faster economic growth in developed economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the ratio of private credit provided by deposit money banks and other financial institutions to the gross domestic product (GDP) in Singapore.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is an important metric for assessing the depth and development of a country's financial sector, which is crucial for supporting private investment and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from central banks, national statistical agencies, and international organizations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the financial system's ability to channel funds to the private sector and support economic expansion.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in data availability for the most recent years.
Related Trends
Value of Exports to Singapore from Vermont
VTSGPA052SCEN
Bank's Non-Interest Income to Total Income for Singapore
DDEI03SGA156NWDB
Total Credit to Private Non-Financial Sector, Unadjusted for Breaks, for Singapore
CRDQSGAPUBIS
Population, Total for Singapore
POPTOTSGA647NWDB
Percentage of Foreign Banks Among Total Banks for Singapore
DDOI13SGA156NWDB
Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Singapore
SGPFCAANUM
Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Singapore (DDDI12SGA156NWDB), retrieved from FRED.