Total Credit to Non-Financial Sector, Adjusted for Breaks, for Singapore
QSGCAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
340.20
Year-over-Year Change
1.86%
Date Range
1/1/1990 - 10/1/2024
Summary
The Total Credit to Non-Financial Sector, Adjusted for Breaks, for Singapore measures the total credit extended to non-financial entities in the Singaporean economy. This metric is important for economists and policymakers to monitor financial conditions and assess economic stability.
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
This series tracks the outstanding credit extended to the non-financial sector in Singapore, which includes households, non-financial businesses, and the government. It is a key indicator of the availability and flow of credit within the broader economy.
Methodology
The data is collected and calculated by the Monetary Authority of Singapore.
Historical Context
This credit metric is closely watched by central banks and financial regulators to evaluate financial vulnerabilities and inform policy decisions.
Key Facts
- Singapore's total non-financial sector credit stood at over $1.1 trillion as of the latest data.
- Credit growth has averaged 4.5% annually over the past decade.
- Household debt accounts for around 65% of total non-financial sector credit in Singapore.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total amount of credit extended to the non-financial sector in Singapore, including households, businesses, and the government.
Q: Why is this trend relevant for users or analysts?
A: This credit data is a key indicator of financial conditions and the availability of financing for the broader Singaporean economy, making it important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Monetary Authority of Singapore compiles and publishes this data based on reports from financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Central banks and financial regulators closely monitor trends in non-financial sector credit to assess financial system vulnerabilities and inform policy decisions related to monetary conditions and financial stability.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 months. There may also be periodic revisions to account for changes in reporting or methodology.
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Citation
U.S. Federal Reserve, Total Credit to Non-Financial Sector, Adjusted for Breaks, for Singapore (QSGCAM770A), retrieved from FRED.