Total Credit to Households and NPISHs, Adjusted for Breaks, for Singapore
QSGHAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
237.70
Year-over-Year Change
3.04%
Date Range
1/1/1991 - 10/1/2024
Summary
This economic trend measures the total credit to households and non-profit institutions serving households (NPISHs) in Singapore, adjusted for statistical breaks. It provides insights into household financing and consumption patterns.
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 total credit to households and NPISHs is an important indicator of the financial health and borrowing activity of the consumer sector in Singapore. Economists and policymakers analyze this data to understand household debt levels, spending behavior, and the overall state of the domestic economy.
Methodology
The data is collected and compiled by the Monetary Authority of Singapore (MAS) based on reports from financial institutions.
Historical Context
This trend is closely monitored by the MAS and other government agencies to inform macroeconomic policies and financial stability assessments.
Key Facts
- The data is adjusted for statistical breaks to provide a consistent historical series.
- Household credit growth is a key driver of domestic consumption in Singapore.
- Monitoring household debt levels is crucial for financial stability assessments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit extended to households and non-profit institutions serving households (NPISHs) in Singapore, adjusted for statistical breaks in the data series.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into household financing and consumption patterns in Singapore, which are crucial for understanding the state of the domestic economy and informing macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Monetary Authority of Singapore (MAS) based on reports from financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: The MAS and other government agencies closely monitor this trend to assess financial stability, household debt levels, and the overall state of consumer spending in the Singaporean economy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and procedures of the financial institutions, which may result in occasional update delays. The adjustments for statistical breaks also introduce some limitations in the historical comparability of the series.
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Citation
U.S. Federal Reserve, Total Credit to Households and NPISHs, Adjusted for Breaks, for Singapore (QSGHAMUSDA), retrieved from FRED.