Singapore's current account surplus increased to a record peak of SGD 30.38 billion in the third quarter of 2022 from SGD 26.72 billion in the same period of 2021, with the goods account surplus rising to SGD 44 billion from SGD 40.39 billion in the prior year while the services account surplus climbed to SGD 5.88 billion from SGD 2.92 billion. Meantime, the deficit of primary income widened to SGD 17.46 billion from SGD 14.71 billion in the prior year and that of the secondary income inched up to SGD 2.05 billion from SGD 1.89 billion. source: Statistics Singapore

Current Account in Singapore averaged 10873.83 SGD Million from 1986 until 2022, reaching an all time high of 30378.20 SGD Million in the third quarter of 2022 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 December of 2022.

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. In the long-term, the Singapore Current Account is projected to trend around 24000.00 SGD Million in 2023, according to our econometric models.

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Singapore Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-08-11 01:00 AM Q2 $27.46B $28.71B $25B
2022-11-23 01:00 AM Q3 $30.38B $27.87B $29B


Related Last Previous Unit Reference
Balance of Trade 4071.12 5783.21 Million SGD Oct 2022
Current Account 30378.20 27873.90 SGD Million Sep 2022
Current Account to GDP 18.10 16.80 percent of GDP Dec 2021
Imports 53260.78 55354.29 Million SGD Oct 2022
Exports 57331.90 61137.50 Million SGD Oct 2022
External Debt 2470312.70 2441891.50 SGD Million Jun 2022
Terms of Trade 100.95 101.05 points Oct 2022
Capital Flows 56948.90 101647.30 SGD Million Sep 2022
Foreign Direct Investment 33438.00 37083.90 SGD Million Jun 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
30378.20 27873.90 30378.20 -659.20 1986 - 2022 SGD Million Quarterly

News Stream
Singapore Q3 Current Account Surplus Hits Record High
Singapore's current account surplus increased to a record peak of SGD 30.38 billion in the third quarter of 2022 from SGD 26.72 billion in the same period of 2021, with the goods account surplus rising to SGD 44 billion from SGD 40.39 billion in the prior year while the services account surplus climbed to SGD 5.88 billion from SGD 2.92 billion. Meantime, the deficit of primary income widened to SGD 17.46 billion from SGD 14.71 billion in the prior year and that of the secondary income inched up to SGD 2.05 billion from SGD 1.89 billion.
2022-11-23
Singapore Current Account Surplus Widens in Q2
Singapore's current account surplus increased to SGD 27.46 billion in the second quarter of 2022 from SGD 26.54 billion in the same period of 2021, with the goods account surplus rising to SGD 45.48 billion from SGD 42.60 billion in the prior year while the services account surplus went up to SGD 3.70 billion from SGD 2.88 billion. Meantime, the deficit of primary income widened to SGD 19.86 billion from SGD 17.06 billion in the prior year and that of the secondary income edged down to SGD 1.85 billion from SGD 1.87 billion.
2022-08-11
Singapore Current Account Surplus Hits Record High
Singapore's current account surplus jumped to a record high of SGD 28.86 billion in the first quarter of 2022 from SGD 17.65 billion in the same period of 2021, with the goods account surplus surging to SGD 40.04 billion from SGD 32.75 billion in the prior year while the services account surplus edged up to SGD 2.85 billion from SGD 2.36 billion. Meantime, the deficit of primary income dropped to SGD 13.10 billion from SGD 16.35 billion in the prior year and that of the secondary income declined to SGD 0.94 billion from SGD 1.12 billion.
2022-05-25