Singapore's current account surplus increased to SGD 19.62 billion in the fourth quarter of 2020 from SGD 17.27 billion in the same period of 2019, as the services account surplus widened to SGD 6.88 billion from SGD 3.66 billion a year earlier, while the secondary income gap declined to SGD 2.21 billion from SGD 3.07 billion in the same period of 2019. On the other hand, the goods surplus narrowed to SGD 30.59 billion from SGD 32.05 billion a year earlier, while the primary income deficit went up to SGD 15.63 billion from SGD 15.37 billion. 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 February of 2021.
Current Account in Singapore is expected to be 18000.00 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 23000.00 in 12 months time. In the long-term, the Singapore Current Account is projected to trend around 23500.00 SGD Million in 2021 and 24000.00 SGD Million in 2022, according to our econometric models.