The quarterly household sector balance sheet is compiled by the Singapore Department of Statistics. It shows the household sector’s assets and liabilities at a particular point in time (i.e. as at end-of-period). The quarterly series start from the reference period of 1st Quarter 1995.
Household assets can be classified as financial or non-financial assets. Financial assets include currency & deposits, shares & securities (e.g. listed shares, unlisted shares, unit trusts & investment funds), life insurance (attributable to households as policyholders), Central Provident Fund balances, and pension funds. Non-financial assets mainly refer to residential property assets and are categorised into public housing and private housing.
Household liabilities comprise mortgages (from the Housing and Development Board and financial institutions) and personal loans (e.g. motor vehicle loans, credit or charge card loans and other personal loans).
Net worth is the difference between total assets and total liabilities at a particular point in time.
Singapore’s household sector balance sheet is compiled in accordance with the principles and recommendations set out in the United Nations’ publication on “System of National Accounts, 2008” (SNA). These estimates are compiled largely from administrative and survey sources using aggregate data from firms and institutions at the economy-wide level.
Data
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Household Sector Balance Sheet
Title : Household Sector Balance Sheet (End Of Period), Quarterly
Million Dollars
Data Items
|
2021 1Q |
2021 2Q |
2021 3Q |
2021 4Q |
2022 1Q |
2022 2Q |
2022 3Q |
2022 4Q |
Household Net Worth
|
2,244,351.5 |
2,296,286.1 |
2,330,618.7 |
2,402,203.8 |
2,438,682 |
2,467,625.8 |
2,508,771.5 |
2,562,698.9 |
Assets
|
2,582,574.6 |
2,640,820 |
2,683,347 |
2,760,391.7 |
2,797,966.4 |
2,830,155.6 |
2,872,958.8 |
2,923,720.1 |
Financial Assets
|
1,510,644.2 |
1,547,854.9 |
1,566,133.8 |
1,596,071.4 |
1,614,342 |
1,605,478.5 |
1,612,209.2 |
1,646,145.9 |
Currency & Deposits
|
524,713.7 |
528,895.6 |
535,065.8 |
543,427.2 |
562,648 |
566,634.7 |
569,251.1 |
571,191.3 |
Shares & Securities
|
244,620.7 |
253,420.6 |
252,292.1 |
263,359.4 |
257,441.6 |
244,123.3 |
242,539.1 |
264,609.7 |
Listed Shares
|
96,306.3 |
98,413.3 |
97,078.1 |
99,672.9 |
104,050.6 |
99,108.9 |
101,263.1 |
113,815.6 |
Unlisted Shares
|
35,231.9 |
36,740.6 |
36,949.2 |
38,367 |
38,210.4 |
37,832.2 |
37,454 |
37,297.4 |
Unit Trusts & Investment Funds
|
113,082.4 |
118,266.6 |
118,264.8 |
125,319.5 |
115,180.6 |
107,182.2 |
103,822 |
113,496.8 |
Life Insurance
|
250,780.7 |
263,750.6 |
266,483.2 |
266,826.4 |
258,308.6 |
247,589 |
243,375 |
248,634.6 |
Central Provident Fund (CPF) *
CPF refers to total amount due to members (net of withdrawals). Prior to 2008, data includes contributions to NUS Academic Staff Provident Fund scheme. The scheme was dissolved in end-2007.
|
473,973.8 |
485,201.2 |
495,629.5 |
505,718.8 |
519,172.7 |
530,340.5 |
540,205.2 |
544,823.7 |
Pension Funds
|
16,555.4 |
16,587 |
16,663.3 |
16,739.6 |
16,771.2 |
16,791 |
16,838.8 |
16,886.6 |
Residential Property Assets
|
1,071,930.4 |
1,092,965.1 |
1,117,213.2 |
1,164,320.3 |
1,183,624.3 |
1,224,677.1 |
1,260,749.6 |
1,277,574.2 |
Public Housing
|
470,596.7 |
487,378.2 |
501,181.2 |
516,878.3 |
526,145.1 |
544,123.3 |
553,154.9 |
566,165 |
Private Housing
|
601,333.7 |
605,586.9 |
616,032 |
647,442 |
657,479.2 |
680,553.8 |
707,594.7 |
711,409.2 |
Liabilities
|
338,223.1 |
344,533.9 |
352,728.3 |
358,188 |
359,284.4 |
362,529.8 |
364,187.3 |
361,021.3 |
Mortgage Loans
|
243,637.5 |
247,507.3 |
251,513.4 |
254,815.2 |
256,979.2 |
259,487.4 |
261,247.2 |
263,086.2 |
Financial Institutions
|
205,718.5 |
208,671.9 |
212,808.1 |
216,449.5 |
219,064.3 |
221,838.5 |
223,360.5 |
224,614.5 |
Housing & Development Board (HDB)
|
37,919 |
38,835.4 |
38,705.3 |
38,365.7 |
37,914.9 |
37,648.9 |
37,886.7 |
38,471.7 |
Personal Loans
|
94,585.6 |
97,026.6 |
101,215 |
103,372.8 |
102,305.2 |
103,042.5 |
102,940 |
97,935 |
Motor Vehicle
|
10,580.6 |
10,579.1 |
10,415 |
10,491.6 |
10,353.1 |
10,213.3 |
10,087.9 |
9,913.5 |
Credit/Charge Cards
|
10,409.5 |
10,062.7 |
10,450 |
11,205.5 |
10,803.1 |
11,611.1 |
12,126.8 |
13,178.6 |
Others *
Examples of other personal loans include education loans, renovation loans, pawnshop loans, hire purchase loans (excluding those for motor vehicles), overdrafts and loans extended to individuals for investment and business purposes.
|
73,595.5 |
76,384.9 |
80,350 |
81,675.6 |
81,149 |
81,218.1 |
80,725.3 |
74,842.9 |
SOURCE : SINGAPORE DEPARTMENT OF STATISTICS
Footnotes
Figures may not add up due to rounding.
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Definitions
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Other References
Household Sector Balance Sheet
Quarterly Household Sector Balance Sheet
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