Singapore's current account surplus narrowed to SGD 23.40 billion in the third quarter of 2018 from SGD 25.05 billion in the same period of 2017. The goods surplus edged up to SGD 32.04 billion in the third quarter 2018 from SGD 31.48 billion in the same period of 2017 while the primary income deficit rose sharply to SGD 4.97 billion from SGD 2.50 billion a year ago and the secondary income gap inched up to SGD 2.17 billion from SGD 2.14 billion. On the other hand, the services deficit declined to SGD 1.50 billion from SGD 1.78 billion in Q2 2017. Current Account in Singapore averaged 9442.13 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 22000.00 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 26000.00 in 12 months time. In the long-term, the Singapore Current Account is projected to trend around 24000.00 SGD Million in 2020, according to our econometric models.

Singapore Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-20 06:30 AM Current Account S$17.75B S$25.05B S$19.5B
2018-05-24 02:30 AM Current Account S$20.54B S$17.75B S$ 25.9B
2018-08-13 02:30 AM Current Account S$22.83B S$21.04B S$ 20.5B
2018-11-22 02:30 AM Current Account $23.4B S$22.88B S$ 20.5B
2019-02-20 06:30 AM Current Account 22000
2019-05-24 02:30 AM Current Account 23000
2019-08-13 02:30 AM Current Account 26700


Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 4520.91 3685.02 7827.21 -2000.77 Million SGD [+]
Current Account 23400.20 22883.70 25054.10 -659.20 SGD Million [+]
Current Account to GDP 19.50 19.00 26.10 -13.10 percent [+]
Imports 45114.35 43712.29 45114.35 266.38 Million SGD [+]
Exports 49635.26 47397.31 49635.26 197.68 Million SGD [+]
External Debt 2029398.90 1967083.10 2029398.90 854184.00 SGD Million [+]
Terms of Trade 101.78 101.87 178.53 99.02 Index Points [+]
Capital Flows 16532.50 14519.00 23813.20 -5008.50 SGD Million [+]
Tourist Arrivals 1415126.00 1415124.00 1730428.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Weapons Sales 47.00 48.00 91.00 1.00 USD Million [+]
Foreign Direct Investment 32853.80 19484.10 32853.80 -4441.60 SGD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
23400.20 22883.70 25054.10 -659.20 1986 - 2018 SGD Million Quarterly




Country Last Previous
Argentina -8292.00 Jun/18
Australia -10688.00 Sep/18
Brazil 329.00 Oct/18
Canada -10343.00 Sep/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -684.00 Oct/18
Germany 15900.00 Oct/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1309.90 Oct/18
Mexico -5081.50 Sep/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 9190.00 Oct/18
Spain 899.00 Sep/18
Switzerland 22143.83 Jun/18
Turkey 2770.00 Oct/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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