Private Credit-to-GDP Gap (Quarterly): Singapore
The latest reading SOTW holds for Singapore is -21.98 percentage points of GDP for 2026-Q1, from Bank for International Settlements.
Reviewed series · Credit & Debt · Quarterly · percentage points of GDP · BIS.CREDIT.GAP.Q · SGP
Published private credit-to-GDP ratio minus its one-sided Hodrick-Prescott-filtered long-run trend. Displayed in percentage points of GDP, not a percentage growth rate. BIS gaps can differ from national authorities' countercyclical-buffer gaps. This statistical measure alone is not a crisis prediction or investment recommendation. BIS statistics are freely sourced and their inclusion must not result in any additional charge to users. BIS attribution is required; resale is not permitted by SOTW's rights policy. Collection time is not the original publication timestamp. Source dimensions, unit multipliers, confidentiality and observation flags are retained. Terms: https://data.bis.org/help/legal
This is a reviewed series. Open it in the interactive economic data explorer to choose dates, compare countries and see its source evidence and recorded history.
- Latest
- -21.98
- percentage points of GDP · 2026-Q1
- Previous
- -19.76
- percentage points of GDP · 2025-Q4
- Earliest held
- -2.11
- percentage points of GDP · 2000-Q1
- Readings shown
- 105
- Every reading SOTW holds
Singapore · history
percentage points of GDP · Quarterly
Readings, newest first
| Period | Value (percentage points of GDP) |
|---|---|
| 2026-Q1 | -21.98 |
| 2025-Q4 | -19.76 |
| 2025-Q3 | -26.69 |
| 2025-Q2 | -30.63 |
| 2025-Q1 | -31.78 |
| 2024-Q4 | -36.54 |
| 2024-Q3 | -37.92 |
| 2024-Q2 | -31.45 |
| 2024-Q1 | -32.50 |
| 2023-Q4 | -29.95 |
| 2023-Q3 | -32.62 |
| 2023-Q2 | -33.52 |
| 2023-Q1 | -45.95 |
| 2022-Q4 | -44.60 |
| 2022-Q3 | -45.24 |
| 2022-Q2 | -40.82 |
| 2022-Q1 | -26.94 |
| 2021-Q4 | -14.19 |
| 2021-Q3 | -5.37 |
| 2021-Q2 | 6.98 |
| 2021-Q1 | 11.95 |
| 2020-Q4 | 21.24 |
| 2020-Q3 | 16.08 |
| 2020-Q2 | 13.64 |
| 2020-Q1 | 8.38 |
| 2019-Q4 | 7.63 |
| 2019-Q3 | 2.28 |
| 2019-Q2 | 2.76 |
| 2019-Q1 | 0.30 |
| 2018-Q4 | 0.42 |
| 2018-Q3 | 0.99 |
| 2018-Q2 | 3.90 |
| 2018-Q1 | 3.62 |
| 2017-Q4 | 7.84 |
| 2017-Q3 | 6.65 |
| 2017-Q2 | 10.80 |
| 2017-Q1 | 8.91 |
| 2016-Q4 | 13.50 |
| 2016-Q3 | 17.89 |
| 2016-Q2 | 19.84 |
| 2016-Q1 | 20.15 |
| 2015-Q4 | 23.20 |
| 2015-Q3 | 21.04 |
| 2015-Q2 | 23.74 |
| 2015-Q1 | 22.64 |
| 2014-Q4 | 27.96 |
| 2014-Q3 | 31.55 |
| 2014-Q2 | 28.76 |
| 2014-Q1 | 26.17 |
| 2013-Q4 | 26.44 |
| 2013-Q3 | 24.55 |
| 2013-Q2 | 23.36 |
| 2013-Q1 | 21.82 |
| 2012-Q4 | 17.24 |
| 2012-Q3 | 13.20 |
| 2012-Q2 | 7.06 |
| 2012-Q1 | 6.54 |
| 2011-Q4 | 6.01 |
| 2011-Q3 | 4.82 |
| 2011-Q2 | 5.34 |
| 2011-Q1 | 1.16 |
| 2010-Q4 | -6.01 |
| 2010-Q3 | -7.76 |
| 2010-Q2 | -10.22 |
| 2010-Q1 | -4.22 |
| 2009-Q4 | 1.77 |
| 2009-Q3 | 1.82 |
| 2009-Q2 | 1.21 |
| 2009-Q1 | -0.13 |
| 2008-Q4 | 2.41 |
| 2008-Q3 | -0.71 |
| 2008-Q2 | -4.19 |
| 2008-Q1 | -7.01 |
| 2007-Q4 | -14.58 |
| 2007-Q3 | -20.81 |
| 2007-Q2 | -18.39 |
| 2007-Q1 | -21.08 |
| 2006-Q4 | -22.07 |
| 2006-Q3 | -19.41 |
| 2006-Q2 | -17.28 |
| 2006-Q1 | -16.76 |
| 2005-Q4 | -15.47 |
| 2005-Q3 | -17.29 |
| 2005-Q2 | -15.95 |
| 2005-Q1 | -15.32 |
| 2004-Q4 | -12.82 |
| 2004-Q3 | -10.77 |
| 2004-Q2 | -5.68 |
| 2004-Q1 | -0.75 |
| 2003-Q4 | 6.45 |
| 2003-Q3 | 6.83 |
| 2003-Q2 | 8.46 |
| 2003-Q1 | 1.20 |
| 2002-Q4 | 4.54 |
| 2002-Q3 | 8.05 |
| 2002-Q2 | 9.06 |
| 2002-Q1 | 10.24 |
| 2001-Q4 | 12.17 |
| 2001-Q3 | 4.23 |
| 2001-Q2 | 0.09 |
| 2001-Q1 | -2.20 |
| 2000-Q4 | -3.96 |
| 2000-Q3 | -2.99 |
| 2000-Q2 | -1.08 |
| 2000-Q1 | -2.11 |
Source: Bank for International Settlements. All 105 readings held, 2000-Q1 to 2026-Q1. n/a means the source value is missing or withheld.