Singapore: Private sector credit
* indicates monthly or quarterly data series
The most recent value is 650.78 billion Singapore Dollar as of June 2024, an increase compared to the previous value of 643.76 billion Singapore Dollar. Historically, the average for Singapore from March 2004 to June 2024 is 406.59 billion Singapore Dollar. The minimum of 145.07 billion Singapore Dollar was recorded in March 2004, while the maximum of 693.09 billion Singapore Dollar was reached in April 2022.
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* indicates monthly or quarterly data series
- Measure: billion Singapore Dollar
- Source: Monetary Authority of Singapore
| Recent values | Singapore: Private sector credit, billion currency units |
|---|---|
| 2024 Jun | 650.78 |
| 2024 May | 643.76 |
| 2024 Apr | 645.69 |
| 2024 Mar | 650.9 |
| 2024 Feb | 643.15 |
| 2024 Jan | 640.34 |
| 2023 Dec | 644.99 |
| 2023 Nov | 640.78 |
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Definition: Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 4.8 | 2023 | percent |
| Exchange rate regimes | 6 | 2021 | index points |
| USD exchange rate | 1.2957 | 9/2024 | Local Currency Units per USD |
| Money supply (broad money) | 795.23 | 6/2024 | billion |
| Consumer Price Index (CPI) | 114.3000 | 8/2024 | index points |
| Inflation, monthly | -1.47 | 8/2024 | percent |
| Inflation, annual | 0.00 | 8/2024 | percent |
| Private sector credit | 650.78 | 6/2024 | billion |
| Business credit | 336.12 | 6/2024 | billion |
| Household credit | 314.65 | 6/2024 | billion |
| Mortgage credit | 225.72 | 6/2024 | billion |
| Consumer credit | 88.93 | 6/2024 | billion |
| Deposit interest rate | 2.35 | 6/2024 | percent |
| Household debt to GDP | 45.60 | 3/2024 | percent |