Singapore's current account surplus jumped to a record high of SGD 28.86 billion in the first quarter of 2022 from SGD 17.65 billion in the same period of 2021, with the goods account surplus surging to SGD 40.04 billion from SGD 32.75 billion in the prior year while the services account surplus edged up to SGD 2.85 billion from SGD 2.36 billion. Meantime, the deficit of primary income dropped to SGD 13.10 billion from SGD 16.35 billion in the prior year and that of the secondary income declined to SGD 0.94 billion from SGD 1.12 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 May of 2022.
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.