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.