External Debt in Singapore decreased to 2043894.40 SGD Million in the first quarter of 2019 from 2045992.30 SGD Million in the fourth quarter of 2018. External Debt in Singapore averaged 1455718.19 SGD Million from 2003 until 2019, reaching an all time high of 2065093 SGD Million in the second quarter of 2018 and a record low of 854184 SGD Million in the second quarter of 2003.
External Debt in Singapore is expected to be 2027797.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate External Debt in Singapore to stand at 2082728.00 in 12 months time. In the long-term, the Singapore Total Gross External Debt is projected to trend around 2147658.00 SGD Million in 2020, according to our econometric models.