Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Singapore
CRDQSGAPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,221.76
Year-over-Year Change
3.58%
Date Range
10/1/1963 - 10/1/2024
Summary
This economic indicator measures the total credit extended to the private non-financial sector in Singapore, adjusted for statistical breaks. It provides insights into the overall level of financing and credit activity in the country's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Singapore is a key metric used by economists and policymakers to assess the financial health and credit conditions within the country's private sector. It serves as an important barometer of economic activity and can inform policy decisions related to monetary and financial stability.
Methodology
The data is collected and calculated by the Bank for International Settlements (BIS) based on information provided by the Monetary Authority of Singapore.
Historical Context
This trend is widely used by central banks, financial institutions, and economic analysts to monitor credit conditions and make informed decisions about policies and market interventions.
Key Facts
- The series is adjusted for statistical breaks to ensure consistent measurement over time.
- Singapore's private non-financial sector credit reached a high of 188.2% of GDP in 2020.
- Credit growth has slowed in recent years as the Singaporean economy has faced headwinds.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total credit extended to the private non-financial sector in Singapore, including businesses and households, adjusted for statistical breaks in the data series.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the overall level of financing and credit activity in Singapore's private sector, which is an important driver of economic growth and a key consideration for policymakers and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements (BIS) based on information provided by the Monetary Authority of Singapore.
Q: How is this trend used in economic policy?
A: Central banks, financial regulators, and economic analysts closely monitor this trend to assess credit conditions and make informed decisions about monetary and financial stability policies that can impact the private sector and overall economic performance.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, and there may be a lag of several months between the end of the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Singapore (CRDQSGAPABIS), retrieved from FRED.