Finance and insurance sector controls 71.6% of Singapore assets

Other sectors remain dwarfed by finance holdings of $10.3t.

The finance and insurance industry accounted for the majority of total assets in Singapore’s corporate sector at end-2024, at about $10.3t or 71.6%, according to the Singapore Department of Statistics.

Wholesale and retail trade followed at around $1.40t (9.7%), whilst manufacturing stood at $605b (4.2%). Professional and administrative and support services recorded $512b, with real estate at $466b.

This comes as total corporate assets rose 6.8% year on year to about $14.4t in 2024, with equity at around $6.17t and liabilities at approximately $8.20t.

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Department of Statistics

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