Singapore Current Account  1986-2017 | Data | Chart | Calendar | Forecast

Singapore posted a current account surplus of 24.7 SGD billion in the September quarter of 2016, compared to a 20.7 SGD billion surplus in the same period of 2015. It was the largest surplus on record, mainly driven by the surplus of goods account (30.7 SGD billion from 26.5 SGD billion, as exports of goods fell 3.4 percent while imports of goods dropped by 8.4 percent). In contrast, the deficit of services account was at 0.63 SGD billion (from 0.66 SGD billion, as exports of services declined by 0.2 percent while imports of services rose 0.1 percent). Primary income deficit stood at 2.90 SGD billion (from 2.66 SGD billion). Secondary income also posted a deficit of 2.50 SGD billion, compared to a gap of 2.4 SGD billion in the third quarter a year earlier. Considering January to September 2016, current account surplus came in at 66.1 SGD billion, larger than a surplus of 58.9 SGD billion in the same period of the prior year. Current Account in Singapore averaged 8765.49 SGD Million from 1986 until 2016, reaching an all time high of 24666.70 SGD Million in the third quarter of 2016 and a record low of -659.20 SGD Million in the first quarter of 1987.

Singapore Current Account
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-26 12:30 AM Q1 S$17.7B S$20.7B S$18.2B
2016-08-12 12:30 AM Q2 S$20.8B S$18.8B S$19.2B
2016-11-24 01:30 AM Q3 S$24.7B S$22.4B S$20.5B
2017-02-24 12:30 AM Q4 S$24.7B S$19.0B
2017-05-26 12:30 AM Q1
2017-08-12 12:30 AM Q2




Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 6120.70 4643.30 8113.78 -1985.81 Million SGD [+]
Exports 41948.60 39859.42 45291.60 197.68 Million SGD [+]
Imports 35827.90 35216.11 43487.65 266.38 Million SGD [+]
Current Account 24666.70 22376.90 24666.70 -659.20 SGD Million [+]
Current Account to GDP 19.70 17.40 27.30 -13.10 percent [+]
External Debt 0.00 0.00 130.60 0.00 SGD Million [+]
Terms of Trade 106.18 105.98 178.53 99.02 Index Points [+]
Capital Flows 19451.10 17796.30 27242.80 -5008.50 SGD Million [+]
Tourist Arrivals 1234029.00 1227597.00 1621656.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Weapons Sales 48.00 2.00 91.00 1.00 USD Million [+]
Foreign Direct Investment 23377.20 24059.70 26479.40 -4441.60 SGD Million [+]



Singapore Current Account Notes

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). This page provides - Singapore Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Current Account - actual data, historical chart and calendar of releases - was last updated on January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
24666.70 22376.90 24666.70 -659.20 1986 - 2016 SGD Million Quarterly



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