Singapore: Financial institutions development, efficiency

* indicates monthly or quarterly data series
 Singapore

Financial institutions development, efficiency

 Latest value 0.694
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.706
 Min - Max 0.685 - 0.747
 Source International Monetary Fund
The latest value from 2021 is 0.694 index points, an increase from 0.686 index points in 2020. In comparison, the world average is 0.585 index points, based on data from 178 countries. Historically, the average for Singapore from 1980 to 2021 is 0.706 index points. The minimum value, 0.685 index points, was reached in 1991 while the maximum of 0.747 index points was recorded in 1980. 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 data
Singapore - Financial institutions development, efficiency - Recent values chart

Historical series
Singapore - Financial institutions development, efficiency - historical chart - 1980-2021




Definition: Measures the efficiency of financial institutions. Constructed using the Principal Component methodology using the following variables: Net interest margin, Lending-deposits spread, Non-interest income to total income, Overhead costs to total assets, Return on assets, and Return on equity. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

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 Related indicators Latest 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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