Singapore's current account surplus edged down to SGD 20.30 billion in the first quarter of 2019 from SGD 20.49 billion in the same period of 2018. The goods surplus inched down to SGD 31.22 billion in the first quarter 2019 from SGD 31.43 billion in Q1 2018 while the services deficit increased to SGD 0.57 billion from SGD 0.28 billion in Q1 2018. On the other hand, the primary income deficit fell slightly to SGD 8.27 billion from SGD 8.43 billion a year ago and the secondary income gap inched down to SGD 2.09 billion from SGD 2.23 billion in Q1 2018. Current Account in Singapore averaged 9505.41 SGD Million from 1986 until 2018, reaching an all time high of 25054.10 SGD Million in the third quarter of 2017 and a record low of -659.20 SGD Million in the first quarter of 1987.

Current Account in Singapore is expected to be 26700.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Singapore to stand at 21500.00 in 12 months time. In the long-term, the Singapore Current Account is projected to trend around 24800.00 SGD Million in 2020, according to our econometric models.

Singapore Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-13 02:30 AM Current Account S$22.83B S$21.04B S$ 20.5B
2018-11-22 02:30 AM Current Account $23.4B S$22.88B S$ 20.5B
2019-02-21 03:45 AM Current Account $17.8B $24.7B $22B
2019-05-22 03:00 AM Current Account $20.3 $18.0B $23B
2019-08-13 02:30 AM Current Account $20.3 $26.7B
2019-11-22 02:30 AM Current Account $26B


Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 3962.64 2749.46 8077.24 -1999.81 Million SGD [+]
Current Account 20296.50 17970.30 24780.60 -659.20 SGD Million [+]
Current Account to GDP 17.70 16.00 26.10 -13.10 percent [+]
Imports 42055.06 41132.62 44689.59 266.38 Million SGD [+]
Exports 46017.70 43882.08 48730.89 197.68 Million SGD [+]
External Debt 2045992.30 2011703.30 2065093.00 854184.00 SGD Million [+]
Terms of Trade 99.53 99.62 178.53 98.83 Index Points [+]
Capital Flows 8475.60 20020.80 23813.20 -5008.50 SGD Million [+]
Tourist Arrivals 1596487.00 1564254.00 1732871.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Foreign Direct Investment 33093.60 26249.30 39332.80 -4441.60 SGD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Singapore Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Singapore Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Current Account - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
20296.50 17970.30 24780.60 -659.20 1986 - 2019 SGD Million Quarterly




Country Last Previous
Argentina -2317.00 Dec/18
Australia -2900.00 Mar/19
Brazil 662.00 May/19
Canada -17347.00 Mar/19
China 586.00 Mar/19
Euro Area 19.20 Apr/19
France -846.00 Apr/19
Germany 22600.00 Apr/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 3913.80 Apr/19
Japan 1707.39 Apr/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea -660.00 Apr/19
Spain 26.00 Mar/19
Switzerland 17215.95 Mar/19
Turkey -1334.00 Apr/19
United Kingdom -23707.00 Dec/18
United States -130400.00 Mar/19


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