Singapore's current account surplus declined to SGD 17.97 billion in the second quarter of 2020 from SGD 24.65 billion in the same period of 2019. The goods surplus decreased to SGD 29.85 billion from SGD 36.96 billion a year earlier while the primary income deficit widened to SGD 13.24 billion from SGD 11.35 billion, and the secondary income gap edged higher to SGD 2.45 billion from SGD 2.38 billion. On the other hand, the services account surplus rose to SGD 3.80 billion from SGD 1.52 billion in the same period last year. source: Statistics Singapore

Current Account in Singapore averaged 9954.42 SGD Million from 1986 until 2019, reaching an all time high of 25762.20 SGD Million in the third quarter of 2018 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. Singapore Current Account - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Current Account in Singapore is expected to be 19000.00 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 18000.00 in 12 months time. In the long-term, the Singapore Current Account is projected to trend around 16800.00 SGD Million in 2021, according to our econometric models.

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Singapore Current Account

Actual Previous Highest Lowest Dates Unit Frequency
17966.00 15985.80 25762.20 -659.20 1986 - 2020 SGD Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-21 02:15 AM Q3 $22.02B $22.74B $24B
2020-02-24 03:20 AM Q4 $19.60B $24.19B $24B
2020-05-26 01:45 AM Q1 $15.54B $19.60B $ 21.5B
2020-08-12 05:30 AM Q2 $17.97B $15.99B $ 22.5B
2020-11-25 03:00 AM Q3 $17.97B $ 23B


News Stream
Singapore Current Account Surplus Narrows in Q2
Singapore's current account surplus declined to SGD 17.97 billion in the second quarter of 2020 from SGD 24.65 billion in the same period of 2019. The goods surplus decreased to SGD 29.85 billion from SGD 36.96 billion a year earlier while the primary income deficit widened to SGD 13.24 billion from SGD 11.35 billion, and the secondary income gap edged higher to SGD 2.45 billion from SGD 2.38 billion. On the other hand, the services account surplus rose to SGD 3.80 billion from SGD 1.52 billion in the same period last year.
2020-08-12
Singapore Current Account Surplus Smallest in 4 Years
Singapore's current account surplus narrowed to SGD 15.54 billion in the first quarter of 2020 from SGD 17.69 billion in the same period of 2019. It was the smallest current account surplus since the first quarter 2016, as the goods surplus decreased to SGD 27 billion from SGD 31.07 billion a year earlier while the secondary income gap edged higher to SGD 1.96 billion from SGD 1.94 billion. On the other hand, the services account surplus increased to SGD 2.54 billion from SGD 1.72 billion in the same period last year, while the primary income deficit narrowed to SGD 12.04 billion from SGD 13.16 billion.
2020-05-26
Singapore Current Account Surplus Narrows in Q4
Singapore's current account surplus narrowed to SGD 19.60 billion in the fourth quarter of 2019 from SGD 20.16 billion in the same period of 2018, as the goods surplus decreased to SGD 31.94 billion from SGD 37.14 billion. On the other hand, the services account posted a surplus of SGD 1.31 billion, compared to a SGD 1.40 billion gap in the same period last year, while the primary income deficit narrowed to SGD 11.61 billion from SGD 13.33 billion and the secondary income gap declined to SGD 2.04 billion from SGD 2.25 billion. Considering 2019 full year, the current account surplus came in at SGD 86.13 billion, compared to SGD 86.48 billion in 2018.
2020-02-24
Singapore Current Account Surplus Narrows in Q3
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.
2019-11-21

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).