Singapore’s current account surplus widened to SGD 40.24 billion in the fourth quarter of 2025, up from SGD 33.95 billion in the same period of 2024. It was the largest surplus on record since the data began in 1986, as the goods account surplus increased to SGD 64.60 billion from SGD 62.09 billion a year earlier, amid a surge in exports, while the services account surplus rose to SGD 11.11 billion from SGD 10.57 billion. Additionally, the primary income deficit narrowed to SGD 32.75 billion from SGD 36.34 billion over the same period. Meanwhile, the secondary income deficit rose to SGD 2.72 billion from SGD 2.37 billion. For the full year of 2025, the country posted a current account surplus of SGD 131.96 billion, widening slightly from SGD 131.67 billion in 2024. 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 12879.45 SGD Million from 1986 until 2025, reaching an all time high of 40236.00 SGD Million in the fourth 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
2025-11-21 06:45 AM
Current Account
Q3 S$33.39B S$35.07B S$35.90B
2026-02-12 02:35 AM
Current Account
Q4 S$40.24B S$28.48B
2026-05-26 12:20 AM
Current Account
Q1 S$40.24B S$ 36B


Related Last Previous Unit Reference
Balance of Trade 12534.00 4501.00 SGD Million Jan 2026
Capital Flows 46797.10 18544.80 SGD Million Sep 2025
Current Account 40236.00 28479.40 SGD Million Dec 2025
Current Account to GDP 16.70 17.20 percent of GDP Dec 2025
Exports 75338.95 64066.38 SGD Million Jan 2026
External Debt 3007246.30 2962770.40 SGD Million Sep 2025
Foreign Direct Investment 45948.30 58710.10 SGD Million Sep 2025
Imports 62804.82 59565.44 SGD Million Jan 2026
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
40236.00 28479.40 40236.00 -659.20 1986 - 2025 SGD Million Quarterly

News Stream
Singapore Q4 Current Account Surplus Hits Record High
Singapore’s current account surplus widened to SGD 40.24 billion in the fourth quarter of 2025, up from SGD 33.95 billion in the same period of 2024. It was the largest surplus on record since the data began in 1986, as the goods account surplus increased to SGD 64.60 billion from SGD 62.09 billion a year earlier, amid a surge in exports, while the services account surplus rose to SGD 11.11 billion from SGD 10.57 billion. Additionally, the primary income deficit narrowed to SGD 32.75 billion from SGD 36.34 billion over the same period. Meanwhile, the secondary income deficit rose to SGD 2.72 billion from SGD 2.37 billion. For the full year of 2025, the country posted a current account surplus of SGD 131.96 billion, widening slightly from SGD 131.67 billion in 2024.
2026-02-12
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