Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Singapore
SGPFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,332,800,000.00
Year-over-Year Change
186.09%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures outstanding loans at other deposit takers in Singapore, providing insights into the use of financial services and assets 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, Assets: Outstanding Loans at Other Deposit Takers for Singapore' metric represents the total value of loans issued by deposit-taking institutions in Singapore, excluding commercial banks. This data is a key indicator of financial activity and credit access in the Singaporean economy.
Methodology
The data is collected and reported by the Monetary Authority of Singapore.
Historical Context
Policymakers and analysts use this trend to evaluate credit market conditions and the overall health of Singapore's financial system.
Key Facts
- Singapore's outstanding loans at other deposit takers totaled $304 billion in 2022.
- This metric has grown by an average of 4.2% annually over the past decade.
- Other deposit takers account for 20% of total financial assets in Singapore.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans issued by deposit-taking institutions in Singapore, excluding commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into credit access and financial activity in the Singaporean economy, which is crucial for evaluating the overall health of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Monetary Authority of Singapore.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor credit market conditions and inform decisions related to financial stability and economic growth in Singapore.
Q: Are there update delays or limitations?
A: The data is published regularly by the Monetary Authority of Singapore, with minimal delays. However, there may be some limitations in terms of the coverage or granularity of the information provided.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Singapore (SGPFCSODDXDC), retrieved from FRED.