Singapore Household Debt

2004 - 2023 | Monthly | USD mn | CEIC Data

Key information about Singapore Household Debt

  • Singapore Household Debt reached 274.7 USD bn in Jul 2023, compared with the reported number of 270.9 USD bn in the previous month
  • Singapore Household Debt: USD mn data is updated monthly, available from Mar 2004 to Jul 2023
  • The data reached an all-time high of 283.5 USD bn in Jan 2022 and a record low of 58.0 USD bn in Apr 2004

CEIC converts monthly Household Debt into USD. The Monetary Authority of Singapore provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt covers Housing and Consumer Loans from Residents and Non-Residents. Household Debt prior to July 2021 covers Housing and Consumer Loans from Domestic Banking Units and Asian Currency Units.


Further information about Singapore Household Debt

  • In the latest reports, Singapore Household Debt accounted for 55.7 % of the country's Nominal GDP in Jun 2023
  • Money Supply M2 in Singapore increased 941.9 USD bn YoY in Jul 2023
  • Singapore Foreign Exchange Reserves was measured at 326.7 USD bn in Jul 2023
  • The Foreign Exchange Reserves equaled 9.3 Months of Import in Jul 2023
  • Singapore Domestic Credit reached 851.3 USD bn in Jul 2023, representing an increased of 2.1 % YoY

View Singapore's Household Debt from Mar 2004 to Jul 2023 in the chart:

Singapore Household Debt

What was Singapore's Household Debt in Jul 2023?

Singapore Household Debt reached 274.7 USD bn in Jul 2023, compared with the reported number of 270.9 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
274,705.2 Jul 2023 270,936.8 Jun 2023 57,962.2 Apr 2004 283,479.8 Jan 2022 USD mn monthly Mar 2004 - Jul 2023

Household Debt by Country Comparison

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country/region Last Frequency Range
Albania (USD mn) 2,802.9 Jul 2023 monthly Jul 2007 - Jul 2023
Argentina (USD mn) 14,788.0 Aug 2023 monthly Jul 2002 - Aug 2023
Armenia (USD mn) 5,755.0 Jul 2023 monthly Jan 2000 - Jul 2023
Australia (USD mn) 1,964,124.4 Dec 2022 quarterly Jun 1988 - Dec 2022
Austria (USD mn) 236,071.3 Mar 2023 quarterly Mar 1999 - Mar 2023
Azerbaijan (USD mn) 7,490.6 Jul 2023 monthly Jan 2005 - Jul 2023
Belarus (USD mn) 6,032.5 Aug 2023 monthly Dec 2006 - Aug 2023
Belgium (USD mn) 365,548.5 Dec 2022 quarterly Dec 1992 - Dec 2022
Bolivia (USD mn) 5,010.0 Mar 2023 quarterly Jun 1999 - Mar 2023
Bosnia and Herzegovina (USD mn) 6,454.0 Jul 2023 monthly Aug 1997 - Jul 2023
Botswana (USD mn) 3,842.2 Mar 2023 monthly Dec 2002 - Mar 2023
Brunei (USD mn) 2,130.8 Mar 2023 quarterly Mar 2011 - Mar 2023
Bulgaria (USD mn) 23,680.7 2021 yearly 1995 - 2021
Cambodia (USD mn) 10,772.5 Jun 2023 monthly Jul 2008 - Jun 2023
Canada (USD mn) 2,163,242.1 Jun 2023 monthly Jan 1969 - Jun 2023
Chile (USD mn) 133,239.1 Jul 2023 monthly Jan 2009 - Jul 2023
China (USD mn) 10,914,419.5 May 2023 monthly Jan 2007 - May 2023
Colombia (USD mn) 70,684.7 May 2023 monthly Apr 1995 - May 2023
Croatia (USD mn) 23,656.6 Dec 2022 quarterly Mar 2012 - Dec 2022
Cyprus (USD mn) 27,517.3 2021 yearly 1995 - 2021
Czech Republic (USD mn) 119,955.2 Mar 2023 quarterly Mar 2004 - Mar 2023
Denmark (USD mn) 353,730.6 2022 yearly 1994 - 2022
Ecuador (USD mn) 19,145.5 Aug 2023 monthly Oct 2006 - Aug 2023
Egypt (USD mn) 28,212.4 Aug 2023 monthly Dec 2002 - Aug 2023
Estonia (USD mn) 14,656.3 Dec 2022 quarterly Dec 2003 - Dec 2022
European Union (USD mn) 7,313,020.2 Jul 2023 monthly Jan 1999 - Jul 2023
Finland (USD mn) 216,720.1 2022 yearly 1995 - 2022
France (USD mn) 2,111,294.3 Dec 2022 quarterly Dec 1995 - Dec 2022
Georgia (USD mn) 9,611.4 Jun 2023 monthly Oct 2003 - Jun 2023
Germany (USD mn) 2,285,627.7 Dec 2022 quarterly Mar 1991 - Dec 2022
Greece (USD mn) 111,200.2 Dec 2022 quarterly Dec 1997 - Dec 2022
Hong Kong SAR, China (USD mn) 352,307.3 Jun 2023 quarterly Mar 1982 - Jun 2023
Hungary (USD mn) 42,240.2 Jun 2023 quarterly Dec 1989 - Jun 2023
Iceland (USD mn) 22,263.8 Jun 2023 quarterly Dec 1991 - Jun 2023
India (USD mn) 440,993.6 2022 yearly 1998 - 2022
Indonesia (USD mn) 126,379.5 Jul 2023 monthly Jan 2002 - Jul 2023
Ireland (USD mn) 155,450.7 Mar 2023 quarterly Mar 2002 - Mar 2023
Israel (USD mn) 210,692.0 May 2023 monthly Sep 1992 - May 2023
Italy (USD mn) 1,103,083.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Japan (USD mn) 2,886,220.7 Mar 2023 quarterly Dec 1997 - Mar 2023
Jordan (USD mn) 41,498.6 Jun 2023 monthly Jan 2002 - Jun 2023
Kazakhstan (USD mn) 36,440.9 Aug 2023 monthly Dec 1997 - Aug 2023
South Korea (USD mn) 1,742,901.9 Mar 2023 quarterly Dec 2002 - Mar 2023
Kosovo (USD mn) 1,989.3 Jul 2023 monthly Sep 2002 - Jul 2023
Kuwait (USD mn) 1,082.8 Jul 2023 monthly Jan 2002 - Jul 2023
Kyrgyzstan (USD mn) 821.2 Jul 2023 monthly Jan 1996 - Jul 2023
Latvia (USD mn) 8,294.2 Dec 2022 quarterly Mar 2004 - Dec 2022
Lithuania (USD mn) 18,471.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Luxembourg (USD mn) 57,107.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Macau SAR, China (USD mn) 41,973.8 Mar 2023 quarterly Dec 1998 - Mar 2023
North Macedonia (USD mn) 3,996.1 Jul 2023 monthly Jan 2003 - Jul 2023
Malawi (USD mn) 17.7 Dec 2011 monthly Jan 2006 - Dec 2011
Malaysia (USD mn) 329,848.6 2022 yearly 2002 - 2022
Malta (USD mn) 8,801.5 Jul 2023 monthly Oct 2003 - Jul 2023
Mexico (USD mn) 288,782.5 Jun 2023 quarterly Dec 2000 - Jun 2023
Mongolia (USD mn) 4,034.8 Jul 2023 monthly Jan 2004 - Jul 2023
Montenegro (USD mn) 1,791.7 Jul 2023 monthly Dec 2004 - Jul 2023
Morocco (USD mn) 34,776.1 Jul 2023 monthly Dec 2001 - Jul 2023
Netherlands (USD mn) 1,024,141.3 Mar 2023 quarterly Mar 1999 - Mar 2023
New Zealand (USD mn) 226,775.0 Jul 2023 monthly Dec 1990 - Jul 2023
Norway (USD mn) 430,059.9 Jun 2023 quarterly Dec 1995 - Jun 2023
Panama (USD mn) 31,050.8 Jul 2023 monthly Oct 2005 - Jul 2023
Peru (USD mn) 46,230.9 Jul 2023 monthly Jan 2001 - Jul 2023
Philippines (USD mn) 42,353.4 Jun 2023 quarterly Mar 2009 - Jun 2023
Poland (USD mn) 189,165.1 Dec 2022 quarterly Dec 2003 - Dec 2022
Portugal (USD mn) 190,497.6 Dec 2022 quarterly Dec 1994 - Dec 2022
Romania (USD mn) 50,609.1 Mar 2023 quarterly Mar 2007 - Mar 2023
Russia (USD mn) 352,772.5 Jul 2023 monthly Dec 2000 - Jul 2023
Saudi Arabia (USD mn) 125,029.6 Jun 2023 quarterly Mar 1998 - Jun 2023
Serbia (USD mn) 13,371.4 May 2023 monthly Dec 2003 - May 2023
Singapore (USD mn) 274,705.2 Jul 2023 monthly Mar 2004 - Jul 2023
Slovakia (USD mn) 59,230.3 Mar 2023 quarterly Mar 2004 - Mar 2023
Slovenia (USD mn) 18,245.3 Mar 2023 quarterly Mar 2004 - Mar 2023
South Africa (USD mn) 158,925.2 Dec 2022 quarterly Mar 1969 - Dec 2022
Spain (USD mn) 808,346.7 Mar 2023 quarterly Dec 1989 - Mar 2023
Sri Lanka (USD mn) 6,081.4 Mar 2023 quarterly Jun 2010 - Mar 2023
Sweden (USD mn) 524,368.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Switzerland (USD mn) 1,089,387.5 2022 yearly 1999 - 2022
Syria (USD mn) 8,543.6 Dec 2011 monthly Dec 2006 - Dec 2011
Taiwan (USD mn) 710,001.8 2021 yearly 2000 - 2021
Thailand (USD mn) 436,311.8 Dec 2022 quarterly Mar 2003 - Dec 2022
Tunisia (USD mn) 14.4 Mar 2021 monthly Jan 2007 - Mar 2021
Turkey (USD mn) 80,564.3 Jul 2023 monthly Jan 1986 - Jul 2023
Ukraine (USD mn) 6,092.9 Jul 2023 monthly Dec 2002 - Jul 2023
United Arab Emirates (USD mn) 457,475.8 Apr 2023 monthly Dec 2013 - Apr 2023
United Kingdom (USD mn) 2,705,301.2 Dec 2022 quarterly Mar 1987 - Dec 2022
United States (USD mn) 17,063,000.0 Jun 2023 quarterly Mar 1999 - Jun 2023
Uruguay (USD mn) 6,856.5 May 2022 monthly Jun 2005 - May 2022
Venezuela (USD mn) 27.5 Mar 2023 monthly Jan 2004 - Mar 2023

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Singapore Key Series

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Includes 218 key indicators for Singapore, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.8 Jun 2023 quarterly Mar 2012 - Jun 2023
Consolidated Fiscal Balance (USD mn) 1,183.018 Jul 2023 monthly Apr 2011 - Jul 2023
Tax Revenue (USD mn) 5,152.715 Jul 2023 monthly Aug 1987 - Jul 2023
Tax Revenue: % of GDP (%) 16.7 Jun 2023 quarterly Dec 1987 - Jun 2023
National Government Debt (USD mn) 815,243.9 Jun 2023 quarterly Mar 1990 - Jun 2023
Government Debt: % of GDP (%) 171.1 Jun 2023 quarterly Mar 1990 - Jun 2023
Forecast: Government Expenditure (SGD bn) 152.985 2029 yearly 1991 - 2029
Forecast: Government Net Debt (SGD bn) 1,370.026 2029 yearly 1991 - 2029
Forecast: Government Revenue (SGD bn) 182.175 2029 yearly 1991 - 2029
Govt Finance: Cash Surplus / Deficit (SGD mn) 1,577.200 Jul 2023 monthly Apr 2011 - Jul 2023
Govt Revenue: Operating (SGD mn) 7,517.300 Jul 2023 monthly Jan 2003 - Jul 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.127 2028 yearly 1980 - 2028
Trade Balance (USD mn) 4,868.3 Jul 2023 monthly Jan 1976 - Jul 2023
Total Exports (USD mn) 39,370.0 Jul 2023 monthly Jan 1976 - Jul 2023
Total Exports Growth (%) -18.2 Jul 2023 monthly Jan 1977 - Jul 2023
Aluminum: Exports (USD th) 630,890.305 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 10,982,157.540 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 7,291,818.243 2022 yearly 1995 - 2022
Total Imports (USD mn) 34,501.7 Jul 2023 monthly Jan 1964 - Jul 2023
Total Imports Growth (%) -24.0 Jul 2023 monthly Jan 1965 - Jul 2023
Imports: Medicament (USD th) 2,207,048.295 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,625,676.303 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3,980.808 Jul 2023 monthly Jan 1976 - Jul 2023
Total Imports from USA (USD mn) 4,087.426 Jul 2023 monthly Jan 1976 - Jul 2023
Total Exports to China (USD mn) 5,329.271 Jul 2023 monthly Jan 1975 - Jul 2023
Total Imports from China (USD mn) 4,882.814 Jul 2023 monthly Jan 1975 - Jul 2023
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 13,283.9 Jun 2023 quarterly Mar 1995 - Jun 2023
Current Account Balance (USD mn) 23,167.0 Jun 2023 quarterly Mar 1986 - Jun 2023
Current Account Balance: % of GDP (%) 19.0 Jun 2023 quarterly Mar 1986 - Jun 2023
Foreign Direct Investment (USD mn) 35,724.8 Jun 2023 quarterly Mar 1995 - Jun 2023
Foreign Direct Investment: % of GDP (%) 29.4 Jun 2023 quarterly Mar 1995 - Jun 2023
Foreign Portfolio Investment (USD mn) 5,264.393 Jun 2023 quarterly Mar 1995 - Jun 2023
Foreign Portfolio Investment: % of GDP (%) 4.3 Jun 2023 quarterly Mar 1995 - Jun 2023
External Debt (USD mn) 1,851,236.2 Dec 2022 quarterly Jun 2003 - Dec 2022
External Debt: % of GDP (%) 385.6 2022 yearly 2003 - 2022
External Debt: Short Term (USD mn) 1,190,535.3 Mar 2023 quarterly Jun 2003 - Mar 2023
External Debt: Short Term: % of GDP (%) 257.2 2022 yearly 2003 - 2022
Forecast: Current Account Balance (USD bn) 73.829 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 824,674.202 Dec 2022 quarterly Dec 2013 - Dec 2022
BoP: FA: Direct Investment: Liabilities (SGD mn) 47,841.400 Jun 2023 quarterly Mar 1995 - Jun 2023
BoP: Official Reserves (OR): Net (SGD mn) 25,106.100 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Services: Imports (SGD mn) 88,968.700 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Direct Investment: Assets (SGD mn) 17,789.400 Jun 2023 quarterly Mar 1995 - Jun 2023
BoP: Current Account (CA) Balance (SGD mn) 31,024.500 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: Financial Account (FA): Net (SGD mn) 5,693.100 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Direct Investment (SGD mn) -30,052.000 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Financial Derivatives: Assets (SGD mn) 5,865.300 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: FA: Portfolio Investment (SGD mn) 27,687.500 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Others: Liabilities (SGD mn) 6,137.600 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Goods: Exports (SGD mn) 181,636.900 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Primary Income Balance: Receipts (SGD mn) 50,551.500 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Others (SGD mn) 5,047.400 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Primary Income Balance (SGD mn) -30,190.500 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Services: Exports (SGD mn) 98,508.200 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Goods: Imports (SGD mn) 128,060.700 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Portfolio Inv: Assets (SGD mn) 34,737.400 Jun 2023 quarterly Mar 1995 - Jun 2023
BoP: CA: Primary Income Balance: Payment (SGD mn) 80,742.000 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Goods: Balance (SGD mn) 53,576.200 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 2,855.100 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: FA: Financial Derivatives (SGD mn) 3,010.200 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: CA: Services: Balance (SGD mn) 9,539.500 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: Net Errors and Omissions (SGD mn) -225.300 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 7,049.900 Jun 2023 quarterly Mar 1995 - Jun 2023
BoP: FA: Others: Assets (SGD mn) 11,185.000 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: CA: Secondary Income Balance (SGD mn) -1,900.700 Jun 2023 quarterly Mar 1986 - Jun 2023
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
Business Entities (BE): Formation: Total (Number) 6,814.000 Aug 2023 monthly Jan 1970 - Aug 2023
SG: BOP: Current Account: Personal Remittances: Received (USD mn) 0.000 2021 yearly 2005 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 55.7 Jun 2023 quarterly Mar 1995 - Jun 2023
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 326,417.816 Jul 2023 monthly Mar 2004 - Jul 2023
Money Supply M2 (USD mn) 941,903.902 Jul 2023 monthly Mar 2004 - Jul 2023
M2 Growth (%) 3.2 Jul 2023 monthly Mar 2005 - Jul 2023
Foreign Exchange Reserves (USD mn) 326,709.8 Jul 2023 monthly Apr 2000 - Jul 2023
Foreign Exchange Reserves: % of GDP (%) 67.117 Jun 2023 quarterly Jun 2000 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 9.3 Jul 2023 monthly Apr 2000 - Jul 2023
Gold Reserves (USD mn) 6,268.200 Jul 2023 monthly Apr 2000 - Jul 2023
Total Deposits (USD mn) 1,317,894.602 Jul 2023 monthly Jan 1991 - Jul 2023
Total Deposits Growth (%) 7.4 Jul 2023 monthly Jan 1992 - Jul 2023
Domestic Credit (USD mn) 851,333.4 Jul 2023 monthly Mar 2004 - Jul 2023
Domestic Credit Growth (%) -3.3 Jul 2023 monthly Mar 2005 - Jul 2023
Credit to Households (USD bn) 233.396 Dec 2022 quarterly Mar 1991 - Dec 2022
Credit to Private Non-Financial Sector (USD bn) 863.857 Dec 2022 quarterly Dec 1963 - Dec 2022
Household Debt (USD mn) 274,705.2 Jul 2023 monthly Mar 2004 - Jul 2023
Total Loans (USD mn) 944,634.119 Jul 2023 monthly Mar 2004 - Jul 2023
Total Loans Growth (%) -5.52 Jul 2023 monthly Mar 2005 - Jul 2023
Private Debt: % of Nominal GDP (%) 138.46 Jun 2023 quarterly Mar 2004 - Jun 2023
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Other Reserve Assets (USD mn) 472.40 Jul 2018 monthly Apr 2000 - Jul 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -0.2 Aug 2023 monthly Jan 2000 - Aug 2023
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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