Singapore's current account surplus declined to SGD 21.50 billion in the second quarter of 2019 from SGD 24.53 billion in the same period of 2018. The goods surplus dropped to SGD 33.07 billion in the second quarter 2019 from SGD 34.81 billion in Q2 2018 while the deficit of both services account (SGD 1.07 billion from SGD 0.48 billion in Q2 2018) and the primary income (SGD 8.15 billion from SGD 7.32 billion) widened. On the other hand, the secondary income deficit inched down to SGD 2.35 billion from SGD 2.47 billion in Q2 2018. 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 24000.00 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 22500.00 in 12 months time. In the long-term, the Singapore Current Account is projected to trend around 16800.00 SGD Million in 2020, according to our econometric models.

Singapore Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-22 02:30 AM Current Account Q3 $23.4B S$22.88B S$ 20.5B
2019-02-21 03:45 AM Current Account Q4 $17.8B $24.7B $22B
2019-05-22 03:00 AM Current Account Q1 $20.3B $18.0B $23B
2019-08-13 02:30 AM Current Account Q2 $21.5B $21.6B $26.7B
2019-11-22 02:30 AM Current Account Q3 $21.5B $24B


Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 3833.90 3771.70 8077.24 -1999.81 Million SGD [+]
Current Account 21497.50 21617.80 24780.60 -659.20 SGD Million [+]
Current Account to GDP 17.70 16.00 26.10 -13.10 percent [+]
Imports 40431.78 40358.48 44689.59 266.38 Million SGD [+]
Exports 44265.67 44130.18 48730.89 197.68 Million SGD [+]
External Debt 2080866.80 2043894.40 2080866.80 854184.00 SGD Million [+]
Terms of Trade 100.69 99.17 174.30 96.67 Index Points [+]
Capital Flows 53513.20 9376.80 53513.20 -5008.50 SGD Million [+]
Tourist Arrivals 1734903.00 1801365.00 1801365.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Foreign Direct Investment 39895.40 37893.00 39895.40 -4441.60 SGD Million [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
21497.50 21617.80 24780.60 -659.20 1986 - 2019 SGD Million Quarterly




Country Last Previous
Argentina -2560.58 Jun/19
Australia 5853.00 Jun/19
Brazil -4274.30 Aug/19
Canada -6380.00 Jun/19
China 461.67 Jun/19
Euro Area 25.71 Aug/19
France -2487.00 Aug/19
Germany 16900.00 Aug/19
India -14315.70 Jun/19
Indonesia -8442.80 Jun/19
Italy 6037.00 Aug/19
Japan 2157.71 Aug/19
Mexico 5142.70 Jun/19
Netherlands 13615.80 Jun/19
Russia 12900.00 Sep/19
Saudi Arabia 12407.00 Jun/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 5270.00 Aug/19
Spain 3237.00 Jul/19
Switzerland 21272.85 Jun/19
Turkey 2604.00 Aug/19
United Kingdom -25200.00 Jun/19
United States -128188.00 Jun/19


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