Singapore's broad money (current LCU) was 715.98 billion in 2020, the latest year in the World Bank's World Development Indicators. That is up 77.62% from 403.1 billion in 2010 (5.91% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 715.98 billion | 2020 |
| Five years earlier | 520.24 billion | 2015 |
| Ten years earlier | 403.1 billion | 2010 |
| Highest | 715.98 billion | 2020 |
| Lowest | 1.48 billion | 1963 |
| Average since 2011 | 554.07 billion | 2011–2020 |
| First recorded | 1.48 billion |
What the numbers say
In 2020, Singapore's broad money (current LCU) rose 13.2% on 2019 (from 632.54 billion to 715.98 billion).
Across the 30 yearly changes before that (1990 to 2019), the average change was +8.9% and a typical year strayed about 6.4% from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 30.2% in 1998 and the biggest yearly fall was 2% in 2000. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2011 to 2020 the straight-line trend is upward, about 26.26 billion a year. A straight line explains 95% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 755.18 billion for 2023. We show this only because the same method, fitted on earlier years, predicted 2018 to 2020 better than "no change" would have: its average miss was 24.41 billion, against 70.34 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
Closest to Singapore in the 2020 ranking
- Russian Federation — 1st of 6: 75.28 trillion
- Myanmar — 2nd of 6: 74.68 trillion
- Sudan — 3rd of 6: 1.3 trillion
- Afghanistan — 5th of 6: 575.74 billion
- Lesotho — 6th of 6: 14.28 billion
What this measures
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 58 values
| Year | Broad money (current LCU) |
|---|---|
| 2020 | 715,980,800,000 |
| 2019 | 632,542,000,000 |
| 2018 | 602,700,200,000 |
| 2017 | 580,066,700,000 |
| 2016 | 562,088,000,000 |
| 2015 | 520,240,300,000 |
| 2014 | 512,430,900,000 |
| 2013 | 495,908,600,000 |
| 2012 | 475,392,300,000 |
| 2011 | 443,358,300,000 |
| 2010 |
Broad money (current LCU) in nearby economies
- Australia — 3.7 trillion (2025)
- Brunei Darussalam — 17.52 billion (2025)
- Cambodia — 256.78 trillion (2025)
- China — 306.91 trillion (2024)
- Fiji — 11.14 billion (2023)
- Hong Kong SAR, China — 16.03 trillion (2025)
- Indonesia — 10,134.7 trillion (2025)
- Japan — 1,638.01 trillion (2025)
- Korea, Rep. — 4,160.36 trillion (2024)
- Macao SAR, China — 841.15 billion (2025)
- Malaysia — 2.44 trillion (2025)
More financial sector data for Singapore
- Consumer price index (2010 = 100) — 134.36 (2025)
- GDP deflator (base year varies by country) — 132.95 (2025)
- DEC alternative conversion factor (LCU per US$) — US$1.31 (2025)
- Official exchange rate (LCU per US$, period average) — US$1.31 (2025)
- Inflation, consumer prices (annual % growth) — 0.9% (2025)
- Inflation, GDP deflator (annual % growth) — -1.8% (2025)
- Domestic credit to private sector by banks (% of GDP) — 128.43% (2020)
- Net domestic credit (current LCU) — 701.01 billion (2020)
- Net foreign assets (current LCU) — 407.83 billion (2020)
Reading data like this
Questions people ask
- What is Singapore's broad money (current LCU)?
- 715.98 billion in 2020, according to the World Bank (World Development Indicators).
- How has it changed since 1963?
- It is up 48,147% from 1.48 billion in 1963 (11.45% a year on average, compounded). The highest value was 715.98 billion in 2020 and the lowest 1.48 billion in 1963.
- Is the latest change in broad money (current LCU) unusual for Singapore?
- In 2020, Singapore's broad money (current LCU) rose 13.2% on 2019 (from 632.54 billion to 715.98 billion). Across the 30 yearly changes before that (1990 to 2019), the average change was +8.9% and a typical year strayed about 6.4% from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator FM.LBL.BMNY.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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