Singapore's current account surplus widened to an all-time high of SGD 25.64 billion in the second quarter of 2021 from SGD 20.45 billion in the same period of 2020. The goods surplus increased to SGD 36.71 billion from SGD 33.99 billion a year ago, while the services account surplus widened to SGD 6.54 billion from SGD 4.87 billion a year earlier. In addition, the primary income deficit decreased to SGD 15.08 billion from SGD 15.70 billion, while the secondary income gap declined to SGD 2.52 billion from SGD 2.71 billion in the same period of 2020. 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 October 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.