The millionaire population in Singapore stood at around ******* in 2021 and is projected to increase to about ******* 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.

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

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.

In 2019, there were ** billionaires residing in Singapore. The number of billionaires was forecasted to increase to ** in 2024. In 2019, Singapore is one of the world's wealthiest countries in terms of per capita GDP.

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.; ;

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 2018, the median wealth per adult in Singapore was at just under ** thousand U.S. dollars. In that year, about ** percent of the adult population had wealth valued between ******************** to *********** U.S. dollars. This puts Singapore in the high-income country category.

Singapore SG: Money Supply: M2 data was reported at 580,066.500 SGD mn in 2017. This records an increase from the previous number of 562,087.400 SGD mn for 2016. Singapore SG: Money Supply: M2 data is updated yearly, averaging 206,977.900 SGD mn from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 580,066.500 SGD mn in 2017 and a record low of 69,542.300 SGD mn in 1991. Singapore SG: Money Supply: M2 data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Singapore – Table SG.IMF.IFS: Money Supply: Annual.

Money Supply M3 in Singapore increased to 873047.40 SGD Million in June from 871362 SGD Million in May of 2025. This dataset provides - Singapore Money Supply M3 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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;

Key information about Singapore Money Supply M2

• Singapore Money Supply M2 was reported at 994.068 USD bn in Jan 2025
• This records an increase from the previous number of 976.933 USD bn for Dec 2024
• Singapore Money Supply M2 data is updated monthly, averaging 537.545 USD bn from Mar 2004 to Jan 2025, with 251 observations
• The data reached an all-time high of 1,033.934 USD bn in Sep 2024 and a record low of 154.428 USD bn in Apr 2004
• Singapore Money Supply M2 data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Money Supply M2: USD: Monthly: Seasonally Adjusted

CEIC calculates seasonally adjusted series by X-12 ARIMA. CEIC converts monthly Money Supply M2 into USD. The Monetary Authority of Singapore provides Money Supply M2 in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Money Supply M2 prior to July 2021 covers transactions from Domestic Banking Units and Asian Currency Units.

Claims on private sector (annual growth as % of broad money) in Singapore was reported at 1.4777 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Claims on private sector (annual growth as % of broad money) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Money Supply M1 in Singapore increased to 296397.30 SGD Million in June from 294585 SGD Million in May 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: Surface Area data was reported at 719.000 sq km in 2017. This stayed constant from the previous number of 719.000 sq km for 2016. Singapore SG: Surface Area data is updated yearly, averaging 680.000 sq km from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 719.000 sq km in 2017 and a record low of 680.000 sq km in 2001. Singapore SG: Surface Area 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: Land Use, Protected Areas and National Wealth. Surface area is a country's total area, including areas under inland bodies of water and some coastal waterways.; ; Food and Agriculture Organization, electronic files and web site.; Sum;

Money Supply M0 in Singapore increased to 64422.70 SGD Million in June from 64390.50 SGD Million in May of 2025. This dataset provides - Singapore Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 M2 in Singapore increased to 857881.40 SGD Million in June from 856167.10 SGD Million in May of 2025. This dataset provides - Singapore Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Asia Pacific Wealth Management Market report segments the industry into By Client Type (HNWI, Retail/Individuals, Other Client Types (Financial Institutions Like Pension Funds, Insurance Companies, etc.)), By Provider (Private Banks, Independent/External Asset Managers, Family Offices, Other Providers (Fintech Advisors, etc.)), and By Geography (India, Japan, China, Singapore, Indonesia, Malaysia, Vietnam, Hong Kong, and more).