Singapore’s current account surplus narrowed to SGD 33.39 billion in the third quarter of 2025, down from SGD 33.89 billion in the same period of 2024. It was the smallest surplus since Q4 2024, as the goods account surplus fell to SGD 46.95 billion from SGD 48.18 billion a year earlier, amid a decline in exports, while the secondary income deficit widened to SGD 3.84 billion from SGD 3.25 billion. However, the services account surplus rose slightly to SGD 17.54 billion from SGD 17.38 billion. Meanwhile, the primary income deficit narrowed to SGD 27.27 billion from SGD 28.42 billion over the same period. Last year, the country posted a current account surplus of SGD 128.30 billion. source: Statistics Singapore

Singapore recorded a Current Account surplus of 33386.60 SGD Million in the third quarter of 2025. Current Account in Singapore averaged 12808.79 SGD Million from 1986 until 2025, reaching an all time high of 36748.50 SGD Million in the first quarter of 2025 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 February of 2026.

Singapore recorded a Current Account surplus of 33386.60 SGD Million in the third quarter of 2025. Current Account in Singapore is expected to be 30000.00 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 37000.00 SGD Million in 2026 and 36000.00 SGD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-08-12 12:30 AM
Current Account
Q2 S$34.80B S$36.60B S$ 35B
2025-11-21 06:45 AM
Current Account
Q3 S$33.39B S$35.07B S$35.90B
2026-02-25 02:30 AM
Current Account
Q4


Related Last Previous Unit Reference
Balance of Trade 2205.64 7667.71 SGD Million Dec 2025
Capital Flows 46797.10 18544.80 SGD Million Sep 2025
Current Account 33386.60 35066.20 SGD Million Sep 2025
Current Account to GDP 17.50 17.70 percent of GDP Dec 2024
Exports 64619.85 65901.84 SGD Million Dec 2025
External Debt 3007246.30 2962770.40 SGD Million Sep 2025
Foreign Direct Investment 45948.30 58710.10 SGD Million Sep 2025
Imports 62414.21 58234.13 SGD Million Dec 2025
Terms of Trade 98.03 98.10 points Dec 2025


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
33386.60 35066.20 36748.50 -659.20 1986 - 2025 SGD Million Quarterly

News Stream
Singapore Q3 Current Account Surplus Smallest in 3 Quarters
Singapore’s current account surplus narrowed to SGD 33.39 billion in the third quarter of 2025, down from SGD 33.89 billion in the same period of 2024. It was the smallest surplus since Q4 2024, as the goods account surplus fell to SGD 46.95 billion from SGD 48.18 billion a year earlier, amid a decline in exports, while the secondary income deficit widened to SGD 3.84 billion from SGD 3.25 billion. However, the services account surplus rose slightly to SGD 17.54 billion from SGD 17.38 billion. Meanwhile, the primary income deficit narrowed to SGD 27.27 billion from SGD 28.42 billion over the same period. Last year, the country posted a current account surplus of SGD 128.30 billion.
2025-11-21
Singapore Current Account Surplus Widens in Q2
Singapore’s current account surplus widened to SGD 34.80 billion in the second quarter of 2025, up from SGD 32.07 billion in the same period of 2024. The increase was driven by a higher services account surplus, which rose to SGD 15.12 billion from SGD 12.35 billion in Q2 2024, mainly due to stronger performance in manufacturing services and travel. Additionally, the primary income deficit narrowed to SGD 31.16 billion from SGD 33.97 billion over the same period. However, the goods account surplus decreased slightly to SGD 53.81 billion from SGD 55.41 billion, amid a surge in imports. Meanwhile, the secondary income deficit widened to SGD 2.97 billion from SGD 1.73 billion. Last year, the country registered a current account surplus of SGD128.30 billion.
2025-08-12
Singapore Current Account Largest in Near 3 Years
Singapore's current account surplus widened to SGD 34.61 billion in the first quarter of 2025 from SGD 33.52 billion in the same period of 2024, marking the largest current account surplus since the second quarter of 2022. The services account surplus increased to SGD 15.48 billion from SGD 14.51 billion, mainly due to higher transport and freight services. Additionally, the primary income deficit declined to SGD 23.10 billion in Q1 from SGD 24.07 billion in Q1 of 2024, and the secondary income gap decreased to SGD 2.61 billion from SGD 2.66 billion. Meanwhile, the goods account surplus narrowed to SGD 44.84 billion from SGD 45.75 billion in Q1 of 2024, amid a surge in imports. Last year, the country posted a current account surplus of SGD128.30 billion.
2025-05-22