Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Singapore
DDOI12SGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179.53
Year-over-Year Change
42.59%
Date Range
1/1/1983 - 1/1/2020
Summary
This trend measures the consolidated foreign claims of BIS-reporting banks as a percentage of Singapore's GDP. It provides insight into Singapore's reliance on foreign bank lending and the interconnectedness of its financial system.
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 Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Singapore is an indicator that reflects the magnitude of foreign bank lending relative to the size of Singapore's economy. It offers perspectives on the country's financial integration and vulnerability to external shocks.
Methodology
The data is collected and calculated by the Bank for International Settlements (BIS) based on reports from participating banks.
Historical Context
This metric is closely watched by policymakers and analysts to assess Singapore's financial stability and exposure to global financial conditions.
Key Facts
- Singapore has one of the highest ratios of foreign bank claims to GDP globally.
- The trend has increased significantly since the 1990s, reflecting Singapore's growing financial integration.
- High levels of foreign bank exposure can make Singapore vulnerable to global financial shocks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the consolidated foreign claims of BIS-reporting banks as a percentage of Singapore's GDP. It reflects the country's reliance on foreign bank lending.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into Singapore's financial integration and vulnerability to external shocks, which is crucial for assessing the country's financial stability and economic resilience.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements (BIS) based on reports from participating banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to evaluate Singapore's financial stability and exposure to global financial conditions, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and coverage of the BIS, which may result in some delay or limited availability for certain time periods.
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Citation
U.S. Federal Reserve, Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Singapore (DDOI12SGA156NWDB), retrieved from FRED.