Singapore's current account surplus increased to SGD 24.63 billion in the first quarter of 2021 from SGD 19.69 billion in the same period of 2019. It was the largest current account surplus on record, as the services account surplus widened to SGD 4.94 billion from SGD 2 billion a year earlier, while the goods surplus increased to SGD 31.70 billion from SGD 30.17 billion a year ago. In addition, the secondary income gap declined to SGD 2.19 billion from SGD 2.38 billion in the same period of 2020, while the primary income deficit went down to SGD 9.83 billion from SGD 10.11 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 June 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 17500.00 in 12 months time. In the long-term, the Singapore Current Account is projected to trend around 24000.00 SGD Million in 2022, according to our econometric models.