Singapore: Financial freedom

* indicates monthly or quarterly data series
 Singapore

Financial freedom index (0-100)

 Latest value 80
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 70
 Min - Max 50 - 80
 Source The Heritage Foundation
The latest value from 2024 is 80 points, unchanged from 80 points in 2023. In comparison, the world average is 49 points, based on data from 175 countries. Historically, the average for Singapore from 1995 to 2024 is 70 points. The minimum value, 50 points, was reached in 2007 while the maximum of 80 points was recorded in 2013. 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 data
Singapore - Financial freedom - Recent values chart

Historical series
Singapore - Financial freedom - historical chart - 1995-2024




The Financial Freedom index for Singapore from The Heritage Foundation measures the efficiency of the banking system and the interventions of the government into the financial system. A higher score means more efficient banking institutions and less government intervention.
Definition: The Financial freedom index evaluates: the extent of government regulation of financial services, the degree of state intervention in banks and other financial firms through direct and indirect ownership, the extent of financial and capital market development, government influence on the allocation of credit and openness to foreign competition. Higher index values denote banking efficiency and independence from government control and interference in the financial sector.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Property rights 94 2024 points
 Freedom from corruption 88 2024 points
 Fiscal freedom 76 2024 points
 Business freedom 87 2024 points
 Labor freedom 77 2024 points
 Monetary freedom 76.30 2024 points
 Trade freedom 95 2024 points
 Investment freedom 90 2024 points
 Financial freedom 80 2024 points
 Economic freedom, overall index 84 2024 index points
This site uses cookies.
Learn more here


OK