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.