The wealth expectancy of the emerging affluent reached about 622 thousand U.S. dollars in Singapore. The average wealth expectancy of Singapore's wealth creators (all three groups combined) amounted to about 2.4 million U.S. dollars.

Singapore Wealth Management Market is valued at USD 198 billion in 2024, driven by demand for professional advisory, advanced fintech adoption, and a thriving single-family office ecosystem.

The millionaire population in Singapore stood at around 526.4 thousand in 2021 and is projected to increase to about 592 thousand in 2026. This estimated growth in the millionaire population reflects the trend of increasing household wealth in Singapore, which grew by more than 146 percent since 2000.

Millionaire’s playground
In 2022, the Economist Intelligence Unit ranked Singapore as the world’s most expensive city alongside Hong Kong and Paris. The high cost of living in Singapore is in large part due to the extremely high cost of owning a car, as well as high property and food prices. With the tenth highest average wealth per adult in the world, and relatively low financial inequality, it seems that the residents of Singapore are able to afford life in the city with the third most expensive beer prices in the world.

Declining wealth in old age
The reality, however, is far less glamorous. While the median wealth per adult increased in 2019 from 2018, it was still the second-lowest value in the past five years. Many Singaporeans are feeling the pinch, especially the most vulnerable members of society, such as the elderly, who make up the majority of the workforce in jobs such as cleaning. Worryingly, many Singaporeans are also not financially prepared for retirement. This could lead to increasing inequality in the future, with many people unable to afford the lifestyle that they are accustomed to.

Graph and download economic data for Deposit Money Bank Assets to GDP for Singapore (DDDI02SGA156NWDB) from 1963 to 2020 about Singapore, deposits, assets, banks, depository institutions, and GDP.

In 2019, the mean wealth per adult in Singapore was at just under 298 thousand U.S. dollars. Singapore was ranked amongst the high income countries in that year.

Singapore SG: Broad Money: Average Annual Growth Rate data was reported at 3.199 % in 2017. This records a decrease from the previous number of 8.044 % for 2016. Singapore SG: Broad Money: Average Annual Growth Rate data is updated yearly, averaging 10.518 % from Dec 1964 (Median) to 2017, with 54 observations. The data reached an all-time high of 30.249 % in 1998 and a record low of -2.050 % in 2000. Singapore SG: Broad Money: Average Annual Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Money Supply. Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Singapore SG: Broad Money data was reported at 580,066.700 SGD mn in 2017. This records an increase from the previous number of 562,088.000 SGD mn for 2016. Singapore SG: Broad Money data is updated yearly, averaging 61,845.000 SGD mn from Dec 1963 (Median) to 2017, with 55 observations. The data reached an all-time high of 580,066.700 SGD mn in 2017 and a record low of 1,484.000 SGD mn in 1963. Singapore SG: Broad Money data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Money Supply. Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Money Supply M0 in Singapore decreased to 64390.50 SGD Million in May from 64401.90 SGD Million in April of 2025. This dataset provides - Singapore Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Singapore SG: Broad Money: % of GDP data was reported at 129.687 % in 2017. This records a decrease from the previous number of 131.348 % for 2016. Singapore SG: Broad Money: % of GDP data is updated yearly, averaging 82.360 % from Dec 1963 (Median) to 2017, with 55 observations. The data reached an all-time high of 132.642 % in 2009 and a record low of 52.853 % in 1963. Singapore SG: Broad Money: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Money Supply. Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.; ; International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.; Weighted average; The derivation of this indicator was simplified in September 2012 to be current-year broad money divided by current-year GDP times 100.

Graph and download economic data for Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Singapore (DDDI12SGA156NWDB) from 1963 to 2020 about Singapore, finance companies, companies, finance, credits, deposits, financial, banks, private, depository institutions, and GDP.

The Asia-Pacific (APAC) wealth management market, currently valued at $31.80 billion in 2025, is projected to experience robust growth, driven by a burgeoning high-net-worth individual (HNWI) population, rising disposable incomes, and increasing financial literacy across the region. The market's compound annual growth rate (CAGR) of 8.12% from 2025 to 2033 indicates a significant expansion, with substantial contributions from key markets like India, China, and Japan. This growth is fueled by several key trends, including the rising adoption of digital wealth management platforms, increasing demand for personalized financial advice, and growing awareness of sophisticated investment strategies. However, regulatory changes and geopolitical uncertainties pose potential restraints to the market's trajectory. The market is segmented by client type (HNWI, retail/individuals, others), provider (private banks, independent asset managers, family offices, fintech advisors), and geography (India, Japan, China, Singapore, Indonesia, Malaysia, Vietnam, Hong Kong, and the rest of Asia-Pacific). Major players like UBS, Citi Private Bank, HSBC Private Bank, and BlackRock are intensely competing for market share, leveraging their global networks and specialized expertise. The continued economic expansion across APAC and the increasing sophistication of investors are set to drive further growth and innovation in the coming years. The competitive landscape is characterized by both established global players and local firms. Private banks continue to dominate the market, offering comprehensive wealth management services. However, the rise of independent asset managers and fintech companies is disrupting the traditional model, offering specialized services and digitally enabled platforms. China's growth, in particular, is expected to significantly contribute to overall market expansion, driven by its rapidly expanding HNWI population and government initiatives to promote domestic wealth management. Furthermore, increasing cross-border investments and the growing demand for wealth preservation and succession planning services are further enhancing market dynamics. While regulatory challenges and market volatility remain, the long-term outlook for the APAC wealth management market remains optimistic, projecting substantial growth and transformation in the next decade. Recent developments include: June 2023: BlackRock, the world's leading provider of investment, advisory, and risk management solutions, partnered with Avaloq Unveil, a wealth management technology and services provider. The aim was to provide integrated technology solutions, meeting the evolving needs of wealth managers., March 2023: UBS, a leading investment bank and financial services company, acquired Credit Suisse, a global investment bank and financial services company, to strengthen UBS’s position as the top international wealth and asset manager.. Key drivers for this market are: Diverse Range of Investment Opportunities in the Region Drives the Market. Potential restraints include: Diverse Range of Investment Opportunities in the Region Drives the Market. Notable trends are: Fintech Drives the Market.

Money Supply M1 in Singapore decreased to 294585 SGD Million in May from 297005.50 SGD Million in April of 2025. This dataset provides - Singapore Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The local HNW segment is older than their global peers, highlighting the need for wealth preservation and efficiently passing on wealth through the generations via trusts or simple inheritance planning. Other opportunities include repatriation of offshore assets and high demand for tax planning due to changes brought about by the OECD’s Common Reporting Standard (CRS). One of the main challenges is the dominance of advisory asset management, which is more time consuming than offering discretionary mandates. Read More

Singapore SG: Total Natural Resources Rents: % of GDP data was reported at 0.000 % in 2016. This records an increase from the previous number of 0.000 % for 2015. Singapore SG: Total Natural Resources Rents: % of GDP data is updated yearly, averaging 0.001 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 0.008 % in 1973 and a record low of 0.000 % in 2005. Singapore SG: Total Natural Resources Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Land Use, Protected Areas and National Wealth. Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

In 2023, there were ***** ultra-high net worth individuals residing in Singapore. This was forecasted to increase to ***** in 2026.

Broad money (% of GDP) in Singapore was reported at 149 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Broad money (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Money Supply M3 in Singapore increased to 871362 SGD Million in May from 866113.30 SGD Million in April of 2025. This dataset provides - Singapore Money Supply M3 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Gross Issuance of International Money Market instruments for All Issuers, Nationality of Issuer in Singapore (DISCONTINUED) (IMMINIAIGISG) from Q3 1993 to Q2 2015 about instruments, Singapore, issues, MMMF, and gross.

Broad money growth of Singapore shot up by 166.41% from 5.0 % in 2019 to 13.2 % in 2020. Since the 60.24% drop in 2017, broad money growth soared by 312.41% in 2020. Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Private credit by deposit money banks and other financial institutions to GDP (%) in Singapore was reported at 136 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Private credit by deposit money banks and other financial institutions to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.