Singapore's current account surplus narrowed to SGD 19.60 billion in the fourth quarter of 2019 from SGD 20.16 billion in the same period of 2018, as the goods surplus decreased to SGD 31.94 billion from SGD 37.14 billion. On the other hand, the services account posted a surplus of SGD 1.31 billion, compared to a SGD 1.40 billion gap in the same period last year, while the primary income deficit narrowed to SGD 11.61 billion from SGD 13.33 billion and the secondary income gap declined to SGD 2.04 billion from SGD 2.25 billion. Considering 2019 full year, the current account surplus came in at SGD 86.13 billion, compared to SGD 86.48 billion in 2018.
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 April of 2020. source: Statistics Singapore
Current Account in Singapore is expected to be 21500.00 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 18000.00 in 12 months time. In the long-term, the Singapore Current Account is projected to trend around 16800.00 SGD Million in 2021, according to our econometric models.