Singapore's current account surplus dropped to SGD 22.91 billion in the third quarter of 2020 from SGD 24.19 billion in the same period of 2019, as the goods surplus fell to SGD 32.07 billion from SGD 33.82 billion a year earlier. On the hand, the services account surplus increased slightly to SGD 2.27 billion from SGD 2.21 billion in the same period last year while the primary income deficit inched lower to SGD 10.55 billion from SGD 10.72 billion, and the secondary income gap declined to SGD 2.27 billion from SGD 2.38 billion in the third quarter 2019. 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 January 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 23000.00 in 12 months time. In the long-term, the Singapore Current Account is projected to trend around 23500.00 SGD Million in 2021 and 24000.00 SGD Million in 2022, according to our econometric models.