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.