Singapore's current account surplus declined to SGD 17.97 billion in the second quarter of 2020 from SGD 24.65 billion in the same period of 2019. The goods surplus decreased to SGD 29.85 billion from SGD 36.96 billion a year earlier while the primary income deficit widened to SGD 13.24 billion from SGD 11.35 billion, and the secondary income gap edged higher to SGD 2.45 billion from SGD 2.38 billion. On the other hand, the services account surplus rose to SGD 3.80 billion from SGD 1.52 billion in the same period last year.
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 September of 2020. source: Statistics Singapore
Current Account in Singapore is expected to be 23000.00 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 18000.00 in 12 months time. In the long-term, the Singapore Current Account is projected to trend around 16800.00 SGD Million in 2021, according to our econometric models.