Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Singapore
CRDQSGBPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
857.89
Year-over-Year Change
2.62%
Date Range
10/1/1963 - 10/1/2024
Summary
This economic trend measures the total credit extended by domestic banks to the private non-financial sector in Singapore, adjusted for any structural breaks in the data. It provides insights into the availability of bank financing for businesses and households.
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 Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks metric represents the total value of loans, advances, and debt securities held by domestic banks and extended to the private non-financial sector in Singapore. This trend is used by economists and policymakers to assess the level of financial intermediation and the overall health of the credit markets.
Methodology
The data is collected and reported by the Bank for International Settlements (BIS).
Historical Context
This trend is closely monitored by central banks and financial regulators to gauge the flow of credit and its potential impact on economic growth and financial stability.
Key Facts
- Singapore's private non-financial sector credit-to-GDP ratio was 126.4% as of the latest data.
- Credit growth has slowed in recent years, reflecting a moderating economic environment.
- The trend is adjusted for structural breaks to provide a consistent historical comparison.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit extended by domestic banks to the private non-financial sector in Singapore, adjusted for any structural breaks in the data.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the availability of bank financing for businesses and households, which is a key indicator of financial intermediation and overall economic health.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank for International Settlements (BIS).
Q: How is this trend used in economic policy?
A: Central banks and financial regulators closely monitor this trend to gauge the flow of credit and its potential impact on economic growth and financial stability.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the BIS, which may result in occasional update delays or revisions.
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Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Singapore (CRDQSGBPABIS), retrieved from FRED.