Singapore's current account surplus increased to SGD 17.80 billion in the fourth quarter of 2018 from SGD 16.07 billion in the same period of 2017. The goods surplus went up to SGD 32.39 billion in the fourth quarter 2018 from SGD 30.40 billion in the same period of 2017 while the services deficit declined to SGD 2.11 billion from SGD 3.78 billion in Q4 2017. On the other hand, the primary income deficit rose to SGD 10.34 billion from SGD 8.63 billion a year ago and the secondary income gap inched up to SGD 2.14 billion from SGD 1.92 billion. Current Account in Singapore averaged 9505.41 SGD Million from 1986 until 2018, reaching an all time high of 25054.10 SGD Million in the third quarter of 2017 and a record low of -659.20 SGD Million in the first quarter of 1987.

Current Account in Singapore is expected to be 23000.00 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 23500.00 in 12 months time. In the long-term, the Singapore Current Account is projected to trend around 24000.00 SGD Million in 2020, according to our econometric models.

Singapore Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-24 02:30 AM Current Account S$20.54B S$17.75B S$ 25.9B
2018-08-13 02:30 AM Current Account S$22.83B S$21.04B S$ 20.5B
2018-11-22 02:30 AM Current Account $23.4B S$22.88B S$ 20.5B
2019-02-21 03:45 AM Current Account $17.8B $24.7B $22B
2019-05-24 02:30 AM Current Account $17.8B $23B
2019-08-13 02:30 AM Current Account $26.7B
2019-11-22 02:30 AM Current Account $26B


Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 3615.50 5221.95 8077.24 -1999.81 Million SGD [+]
Current Account 17796.10 24685.50 24685.50 -659.20 SGD Million [+]
Current Account to GDP 19.50 19.00 26.10 -13.10 percent [+]
Imports 40290.75 40986.65 44689.59 266.38 Million SGD [+]
Exports 43906.26 46185.20 48730.89 197.68 Million SGD [+]
External Debt 2045992.30 1981146.00 2045992.30 854184.00 SGD Million [+]
Terms of Trade 99.70 98.83 178.53 98.83 Index Points [+]
Capital Flows 21311.40 16532.50 23813.20 -5008.50 SGD Million [+]
Tourist Arrivals 1492671.00 1620187.00 1730428.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Weapons Sales 47.00 48.00 91.00 1.00 USD Million [+]
Foreign Direct Investment 32853.80 19484.10 32853.80 -4441.60 SGD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). This page provides - Singapore Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Current Account - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
17796.10 24685.50 24685.50 -659.20 1986 - 2018 SGD Million Quarterly




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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