Households Debt in Singapore decreased to 53.60 percent of GDP in the first quarter of 2019 from 54.20 percent of GDP in the fourth quarter of 2018. Households Debt To GDP in Singapore averaged 42.13 percent of GDP from 1991 until 2019, reaching an all time high of 59.30 percent of GDP in the fourth quarter of 2014 and a record low of 21.80 percent of GDP in the first quarter of 1991.
Households Debt To GDP in Singapore is expected to be 54.40 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Households Debt To GDP in Singapore to stand at 56.50 in 12 months time. In the long-term, the Singapore Households Debt To GDP is projected to trend around 60.00 percent of GDP in 2020, according to our econometric models.