Singapore's current account surplus increased to SGD 24.63 billion in the first quarter of 2021 from SGD 19.69 billion in the same period of 2019. It was the largest current account surplus on record, as the services account surplus widened to SGD 4.94 billion from SGD 2 billion a year earlier, while the goods surplus increased to SGD 31.70 billion from SGD 30.17 billion a year ago. In addition, the secondary income gap declined to SGD 2.19 billion from SGD 2.38 billion in the same period of 2020, while the primary income deficit went down to SGD 9.83 billion from SGD 10.11 billion. 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 July 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 17500.00 in 12 months time. In the long-term, the Singapore Current Account is projected to trend around 24000.00 SGD Million in 2022, according to our econometric models.

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Singapore Current Account

Actual Previous Highest Lowest Dates Unit Frequency
24625.20 19622.60 24625.20 -659.20 1986 - 2021 SGD Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-12 05:30 AM Q2 $17.97B $15.99B $ 22.5B
2020-11-23 03:00 AM Q3 $22.91B $17.87B $ 23B
2021-02-16 02:00 AM Q4 $19.62B $22.73B $19B
2021-05-26 02:00 AM Q1 $24.63B $19.62B $20B
2021-08-25 03:00 AM Q2 $24.63B
2021-11-25 03:00 AM Q3


News Stream
Singapore Current Account Surplus at Record
Singapore's current account surplus increased to SGD 24.63 billion in the first quarter of 2021 from SGD 19.69 billion in the same period of 2019. It was the largest current account surplus on record, as the services account surplus widened to SGD 4.94 billion from SGD 2 billion a year earlier, while the goods surplus increased to SGD 31.70 billion from SGD 30.17 billion a year ago. In addition, the secondary income gap declined to SGD 2.19 billion from SGD 2.38 billion in the same period of 2020, while the primary income deficit went down to SGD 9.83 billion from SGD 10.11 billion.
2021-05-26
Singapore Current Account Surplus Widens in Q4
Singapore's current account surplus increased to SGD 19.62 billion in the fourth quarter of 2020 from SGD 17.27 billion in the same period of 2019, as the services account surplus widened to SGD 6.88 billion from SGD 3.66 billion a year earlier, while the secondary income gap declined to SGD 2.21 billion from SGD 3.07 billion in the same period of 2019. On the other hand, the goods surplus narrowed to SGD 30.59 billion from SGD 32.05 billion a year earlier, while the primary income deficit went up to SGD 15.63 billion from SGD 15.37 billion.
2021-02-16
Singapore Current Account Surplus Narrows in Q3
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.
2020-11-23
Singapore Current Account Surplus Narrows in Q2
Singapore's current account surplus declined to SGD 17.97 billion in the second quarter of 2020 from SGD 24.65 billion in the same period of 2019. The goods surplus decreased to SGD 29.85 billion from SGD 36.96 billion a year earlier while the primary income deficit widened to SGD 13.24 billion from SGD 11.35 billion, and the secondary income gap edged higher to SGD 2.45 billion from SGD 2.38 billion. On the other hand, the services account surplus rose to SGD 3.80 billion from SGD 1.52 billion in the same period last year.
2020-08-12

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).