Current Account to GDP in Singapore increased to 17.60 percent in 2020 from 14.30 percent in 2019. source: Statistics Singapore

Current Account to GDP in Singapore averaged 12.13 percent from 1980 until 2020, reaching an all time high of 26.10 percent in 2007 and a record low of -13.10 percent in 1980. This page provides - Singapore Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Current Account to GDP - values, historical data and charts - was last updated on September of 2022.

Current Account to GDP in Singapore is expected to reach 14.50 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Current Account to GDP is projected to trend around 14.00 percent in 2022, according to our econometric models.

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Singapore Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade 3755.47 3538.52 Million SGD Aug 2022
Current Account 27464.90 28711.20 SGD Million Jun 2022
Current Account to GDP 17.60 14.30 percent of GDP Dec 2020
Imports 57302.66 61722.30 Million SGD Aug 2022
Exports 61058.14 65260.82 Million SGD Aug 2022
External Debt 2441891.50 2390923.10 SGD Million Mar 2022
Terms of Trade 104.06 101.66 points Jul 2022
Capital Flows 101647.30 76339.80 SGD Million Jun 2022
Foreign Direct Investment 36890.60 34913.40 SGD Million Mar 2022

Singapore Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
17.60 14.30 26.10 -13.10 1980 - 2020 percent of GDP Yearly