Country profile · Edition 1

🇸🇬Singapore

Asia

Score

75.5

Rank

11 of 46

Overview

Singapore ranks 11th of 46 economies, with a score of 75.5 out of 100. It is 2nd of 11 ranked economies in Asia.

Strongest: Government support and Financial education (100). Weakest: Credit access (44); Youth education (50).

Dimension scores

Credit literacy59.0

Credit access44.4

Financial inclusion86.9

Digital banking94.8

Innovation83.3

Consumer protection83.3

Government support100.0

Financial education100.0

Youth education50.0

Public awareness75.0

Dimensions with no score are left out of the overall score, never counted as zero.

Not yet measured: Reporting transparency, Alternative infrastructure.

Survey indicators

59%59% of adults answered at least 3 of 4 financial concepts correctly (S&P Global FinLit, 2014)

95.2%95% of credit card users pay their balance in full (Findex, 2021)

44.4%44% of adults borrowed from a formal institution or via mobile money in the past year (Findex, 2021)

98%98% of adults have an account (Findex, 2024)

75.7%76% could raise emergency funds within 30 days without great difficulty (Findex, 2021)

94.8%95% of adults made or received a digital payment (Findex, 2021)

Youth education policy: nationwide

Financial education is part of the mandatory school curriculum nationwide. There is no standalone course or graduation requirement. Young people are mentioned in the national strategy but not as a priority, or the strategy has expired.

Policy dimensions record whether a policy exists, not how well it works.