Singapore: Financial development

* indicates monthly or quarterly data series
 Singapore

Financial development

 Latest value 0.704
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.664
 Min - Max 0.443 - 0.831
 Source International Monetary Fund
For that indicator, we provide data for Singapore from 1980 to 2021. The average value for Singapore during that period was 0.664 index points with a minimum of 0.443 index points in 1985 and a maximum of 0.831 index points in 2008. The latest value from 2021 is 0.704 index points. For comparison, the world average in 2021 based on 178 countries is 0.331 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Singapore - Financial development - Recent values chart

Historical chart
Singapore - Financial development - historical chart - 1980-2021




Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.


 Related indicators Latest value Reference Measure
 Financial development 0.704 2021 index points
 Financial institutions development 0.761 2021 index points
 Financial institutions development, depth 1.000 2021 index points
 Financial institutions development, access 0.321 2021 index points
 Financial institutions development, efficiency 0.694 2021 index points
 Financial markets development 0.620 2021 index points
 Financial markets development, depth 0.776 2021 index points
 Financial markets development, access 0.822 2021 index points
 Financial markets development, efficiency 0.202 2021 index points
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