Singapore recorded a Current Account surplus of 17.50 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in Singapore averaged 12.76 percent of GDP from 1980 until 2024, reaching an all time high of 26.10 percent of GDP in 2007 and a record low of -13.10 percent of GDP in 1980. source: Statistics Singapore

Current Account to GDP in Singapore is expected to reach 17.60 percent of GDP by the end of 2025, 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 17.10 percent of GDP in 2026 and 16.40 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade 6302.16 9638.58 SGD Million Jul 2025
Capital Flows 15826.50 30226.70 SGD Million Jun 2025
Current Account 34796.60 36604.30 SGD Million Jun 2025
Current Account to GDP 17.50 17.70 percent of GDP Dec 2024
Exports 61306.73 58674.18 SGD Million Jul 2025
External Debt 2972559.60 2977381.90 SGD Million Mar 2025
Foreign Direct Investment 55118.10 55828.70 SGD Million Jun 2025
Imports 55004.56 49035.60 SGD Million Jul 2025
Terms of Trade 98.60 99.09 points Jul 2025



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.
Actual Previous Highest Lowest Dates Unit Frequency
17.50 17.70 26.10 -13.10 1980 - 2024 percent of GDP Yearly