Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Singapore
SGPFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
185.99
Year-over-Year Change
55.43%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks for Singapore, providing insights into the use of financial services in the country.
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 Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Singapore series tracks the total value of loans outstanding from commercial banks in Singapore. This metric is used by economists and policymakers to gauge the overall level of lending activity and financial intermediation in the Singaporean economy.
Methodology
The data is collected by the Monetary Authority of Singapore and reported as a percentage of GDP.
Historical Context
This trend is closely monitored by central banks and financial regulators to assess credit market conditions and financial stability.
Key Facts
- The average outstanding loans from commercial banks in Singapore is around 90% of GDP.
- Loan growth has slowed in recent years as the economy has cooled.
- Commercial bank lending is a key driver of economic growth in Singapore.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans from commercial banks in Singapore, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and lending activity in the Singaporean economy, which is closely monitored by central banks and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the Monetary Authority of Singapore and reported as a percentage of GDP.
Q: How is this trend used in economic policy?
A: Central banks and financial regulators use this trend to assess credit market conditions and financial stability, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically a few months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Singapore (SGPFCSODCGGDPPT), retrieved from FRED.