Bank assets as a share of GDP reached 271 % in 2019 in Singapore, according to the National Central Bank. This is 3.51 % more than in the previous year.
Historically, bank assets as a share of GDP in Singapore reached an all time high of 275 % in 2014 and an all time low of % in. When compared to Singapore's main peers, bank assets as a share of GDP in Indonesia amounted to 53.9 %, 187 % in Malaysia, 85.2 % in Philippines and 112 % in Thailand in 2019.
Singapore has been ranked 7th within the group of 88 countries we follow in terms of bank assets as a share of GDP, 14 places above the position seen 10 years ago.
Banking assets are everything that a bank owns, including loans, securities, and physical assets such as buildings.