Singapore's current account surplus declined to SGD 22.02 billion in the third quarter of 2019 from SGD 24.78 billion in the same period of 2018. This was the smallest current account surplus since the fourth quarter last year, as the goods surplus dropped to SGD 33.68 billion in the third quarter 2019 from SGD 34.42 billion in Q3 2018 while the secondary income gap narrowed to SGD 1.92 billion from SGD 2.40 billion. On the other hand, the services account reported a SGD 0.20 billion deficit compared to a SGD 0.32 billion surplus a year ago while the primary income shortfall widened to SGD 9.5 billion from SGD 7.6 billion.

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. This page provides - Singapore Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Singapore

Current Account in Singapore is expected to be 24000.00 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 22500.00 in 12 months time. In the long-term, the Singapore Current Account is projected to trend around 16800.00 SGD Million in 2020, according to our econometric models.


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Singapore Current Account

Actual Previous Highest Lowest Dates Unit Frequency
22017.00 22742.50 24780.60 -659.20 1986 - 2019 SGD Million Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-02-21 03:45 AM Q4 $17.8B $24.7B $22B
2019-05-22 03:00 AM Q1 $20.3B $18.0B $23B
2019-08-13 02:30 AM Q2 $21.5B $21.6B $26.7B
2019-11-21 02:15 AM Q3 $22.02B $22.74B $24B
2020-02-25 03:45 AM Q4 $22.02B $24B


News Stream
2019-08-13
Singapore Current Account Surplus Narrows in Q2
Singapore's current account surplus declined to SGD 21.50 billion in the second quarter of 2019 from SGD 24.53 billion in the same period of 2018. The goods surplus dropped to SGD 33.07 billion in the second quarter 2019 from SGD 34.81 billion in Q2 2018 while the deficit of both services account (SGD 1.07 billion from SGD 0.48 billion in Q2 2018) and the primary income (SGD 8.15 billion from SGD 7.32 billion) widened. On the other hand, the secondary income deficit inched down to SGD 2.35 billion from SGD 2.47 billion in Q2 2018.

2019-05-22
Singapore Current Account Surplus Narrows in Q1
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.

2019-02-21
Singapore Current Account Surplus Widens in Q4
Singapore's current account surplus increased to SGD 17.80 billion in the fourth quarter of 2018 from SGD 16.07 billion in the same period of 2017. The goods surplus went up to SGD 32.39 billion in the fourth quarter 2018 from SGD 30.40 billion in the same period of 2017 while the services deficit declined to SGD 2.11 billion from SGD 3.78 billion in Q4 2017. On the other hand, the primary income deficit rose to SGD 10.34 billion from SGD 8.63 billion a year ago and the secondary income gap inched up to SGD 2.14 billion from SGD 1.92 billion.


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).

Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 4747.63 3686.87 8077.24 -1999.81 Million SGD [+]
Current Account 22017.00 22742.50 24780.60 -659.20 SGD Million [+]
Current Account to GDP 17.70 16.00 26.10 -13.10 percent [+]
Imports 40392.33 41503.06 44689.59 266.38 Million SGD [+]
Exports 45139.96 45189.92 48730.89 197.68 Million SGD [+]
External Debt 2105725.40 2080866.80 2105725.40 854184.00 SGD Million [+]
Terms of Trade 98.68 99.48 174.30 96.67 points [+]
Capital Flows 17687.90 55135.60 55135.60 -5008.50 SGD Million [+]
Tourist Arrivals 1532455.00 1525549.00 1801365.00 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 39895.40 37893.00 39895.40 -4441.60 SGD Million [+]