Singapore's current account surplus widened to a fresh record high of SGD 28.12 billion in the third quarter of 2021 from SGD 22.73 billion in the same period of 2020, as the goods surplus increased to SGD 37.62 billion from SGD 34.46 billion a year ago, while the primary income deficit decreased to SGD 13.40 billion from SGD 15.90 billion, and the secondary income gap declined to SGD 2.41 billion from SGD 2.60 billion in the same period of 2020. On the other hand, the services account surplus narrowed slightly to SGD 6.31 billion from SGD 6.77 billion a year earlier. 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 November 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.

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Singapore Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-08-11 02:30 AM Q2 $25.64B $24.42B
2021-11-24 01:45 AM Q3 $28.12B $26.79B $24B


Related Last Previous Unit Reference
Balance of Trade 5909.29 4954.97 Million SGD Oct/21
Current Account 28121.60 26785.40 SGD Million Sep/21
Current Account to GDP 17.60 14.30 percent of GDP Dec/20
Imports 47513.59 45418.90 Million SGD Oct/21
Exports 53422.89 50373.87 Million SGD Oct/21
External Debt 2245570.70 2237428.00 SGD Million Jun/21
Terms of Trade 100.52 100.59 points Sep/21
Capital Flows -552.50 5086.10 SGD Million Sep/21
Foreign Direct Investment 41342.00 39262.50 SGD Million Jun/21

News Stream
Singapore Current Account Surplus Hits New Peak
Singapore's current account surplus widened to a fresh record high of SGD 28.12 billion in the third quarter of 2021 from SGD 22.73 billion in the same period of 2020, as the goods surplus increased to SGD 37.62 billion from SGD 34.46 billion a year ago, while the primary income deficit decreased to SGD 13.40 billion from SGD 15.90 billion, and the secondary income gap declined to SGD 2.41 billion from SGD 2.60 billion in the same period of 2020. On the other hand, the services account surplus narrowed slightly to SGD 6.31 billion from SGD 6.77 billion a year earlier.
2021-11-24
Singapore Posts New Record Current Account Surplus
Singapore's current account surplus widened to an all-time high of SGD 25.64 billion in the second quarter of 2021 from SGD 20.45 billion in the same period of 2020. The goods surplus increased to SGD 36.71 billion from SGD 33.99 billion a year ago, while the services account surplus widened to SGD 6.54 billion from SGD 4.87 billion a year earlier. In addition, the primary income deficit decreased to SGD 15.08 billion from SGD 15.70 billion, while the secondary income gap declined to SGD 2.52 billion from SGD 2.71 billion in the same period of 2020.
2021-08-11
Singapore Current Account Surplus at Record
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.
2021-05-26

Singapore Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).