External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Singapore
DDOI10SGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.77
Year-over-Year Change
-48.02%
Date Range
1/1/1995 - 1/1/2020
Summary
This trend measures the external loans and deposits of reporting banks in Singapore in relation to the overall banking sector. It provides insight into the international activities and integration of Singapore's banking system.
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 External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Singapore indicator tracks the volume of cross-border lending and deposit-taking by banks located in Singapore. It offers a perspective on the degree of international financial intermediation within the country's banking industry.
Methodology
The data is collected and reported by the World Bank based on national sources.
Historical Context
This metric is used by economists and policymakers to assess Singapore's financial openness and the global integration of its banking system.
Key Facts
- Singapore has one of the most globally integrated banking sectors.
- The external loans and deposits of Singapore's banks are over 50% of the total banking sector.
- The indicator has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of cross-border lending and deposit-taking by banks located in Singapore as a share of the overall banking sector.
Q: Why is this trend relevant for users or analysts?
A: The indicator provides insight into the degree of international financial integration of Singapore's banking system, which is a key aspect of the country's role as a global financial center.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on national sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Singapore's financial openness and the global integration of its banking industry, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Singapore (DDOI10SGA156NWDB), retrieved from FRED.