Singapore: Real interest rate

* indicates monthly or quarterly data series
 Singapore

Real interest rate: Bank lending rate minus inflation

 Latest value -3.25
 Year 2021
 Measure percent
 Data availability 1978 - 2021
 Average 4.36
 Min - Max -3.25 - 9.73
 Source The International Monetary Fund
For that indicator, we provide data for Singapore from 1978 to 2021. The average value for Singapore during that period was 4.36 percent with a minimum of -3.25 percent in 2021 and a maximum of 9.73 percent in 1999. The latest value from 2021 is -3.25 percent. For comparison, the world average in 2021 based on 106 countries is 1.76 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Singapore - Real interest rate - Recent values chart

Historical chart
Singapore - Real interest rate - historical chart - 1978-2021




Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.

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 Related indicators Latest value Reference Measure
 Lending-deposit interest rate spread 5.07 2020 interest rate points
 Bank cost to income ratio 45.36 2021 percent
 Non-performing loans 1.31 2019 percent
 Bank overhead cost 0.85 2021 percent
 Net interest margin 1.21 2021 percent
 Bank credit to deposits 94.00 2020 percent
 Regulatory capital to risk-weighted assets 16.95 2019 percent
 Return on assets 1.01 2021 percent
 Return on equity 11.17 2021 percent
 Banking system z-scores 28.63 2021 index points
 Liquid assets to deposits 28.87 2021 percent
 Banking system capital to assets 9.32 2019 percent
 Non-interest income to total income 45.08 2021 percent
 Lending interest rate 5.25 2021 percent
 Real interest rate -3.25 2021 percent
 Legal rights 8.00 2019 points
 Credit information sharing 7.00 2019 points
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