Singapore recorded a Current Account surplus of 17.70 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Singapore averaged 11.96 percent from 1980 until 2018, reaching an all time high of 26.10 percent in 2007 and a record low of -13.10 percent in 1980. source: Statistics Singapore

Current Account to GDP in Singapore is expected to be 17.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Current Account to GDP is projected to trend around 15.50 percent in 2020, according to our econometric models.

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Singapore Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
17.70 16.00 26.10 -13.10 1980 - 2018 percent Yearly


Singapore Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

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 [+]