Real interest rate in Singapore
Singapore: Real interest rate was -5.2% in 2021. ◆ Volatile
Real interest rate in Singapore, 1978–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for real interest rate in Singapore is -5.2%, measured in 2021. That is the lowest value across all 44 years on record.
The figure is down 168.4% on the previous year and down 225.2% over ten years.
Over the whole period, real interest rate in Singapore peaked at 9.7% in 1999 and was at its lowest, -5.2%, in 2021.
That places Singapore 139th out of 148 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.1% | 3.0% | 3.1% | 2 |
| 1980s | 5.4% | 0.5% | 9.7% | 10 |
| 1990s | 4.6% | 1.9% | 9.7% | 10 |
| 2000s | 4.0% | -0.6% | 7.6% | 10 |
| 2010s | 4.1% | 1.5% | 5.8% | 10 |
| 2020s | 1.2% | -5.2% | 7.6% | 2 |
Countries ranked near Singapore
More financial sector data for Singapore
- Domestic credit to private sector 128.4% (2020)
- Net domestic credit 701.01 billion current LCU (2020)
- Total reserves in months of imports 4.39 (2025)
- Net foreign assets 407.83 billion current LCU (2020)
- Domestic credit to private sector by banks 128.4% (2020)
- Claims on central government, etc. 16.2% (2020)
- Monetary Sector credit to private sector 128.4% (2020)
- Broad money 147.7% (2020)
- Official exchange rate 1.31 LCU per US$, period average (2025)
- Net migration 16,892 (2025)
Frequently asked questions
- What is real interest rate in Singapore?
- Real interest rate in Singapore was -5.2% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real interest rate recorded in Singapore?
- The highest recorded value was 9.7% in 1999.
- What is the lowest real interest rate recorded in Singapore?
- The lowest recorded value was -5.2% in 2021.
- How does Singapore rank for real interest rate?
- Singapore ranks 139th out of 148 countries with data for 2021.
- Is real interest rate rising or falling in Singapore?
- Over the last ten years it is down 225.2%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Real interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.