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 October of 2021.

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


Singapore Last Unit Reference Previous Highest Lowest
Balance of Trade 4999.88 Million SGD Sep/21 6255.93 7973.33 -1999.81
Current Account 25642.00 SGD Million Jun/21 24423.00 25642.00 -659.20
Current Account to GDP 17.60 percent of GDP Dec/20 14.30 26.10 -13.10
Imports 45425.25 Million SGD Sep/21 44675.92 45425.25 266.38
Exports 50425.13 Million SGD Sep/21 50931.85 53137.76 197.68
External Debt 2245570.70 SGD Million Jun/21 2237428.00 2360156.70 854184.00
Terms of Trade 100.59 points Aug/21 100.22 174.30 96.39
Capital Flows 5086.10 SGD Million Jun/21 -6407.90 50498.80 -24268.40
Foreign Direct Investment 41342.00 SGD Million Jun/21 39262.50 43061.00 -4441.60


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.