Key information about Singapore Current Account Balance

• Singapore Current Account recorded a surplus of 21.6 USD bn in Dec 2024, compared with a surplus of 25.7 USD bn in the previous quarter.
• Singapore Current Account Balance: USD mn data is updated quarterly, available from Mar 1986 to Dec 2024, with an averaged value of 6.7 USD bn.
• The data reached an all-time high of 26.4 USD bn in Jun 2022 and a record low of -307.4 USD mn in Mar 1987.
• CEIC converts quarterly Current Account Balance into USD. The Singapore Department of Statistics provides Current Account Balance in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.
• Foreign Direct Investment (FDI) increased by 45.6 USD bn in Dec 2024.
• Singapore Direct Investment Abroad expanded by 12.8 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 7.7 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 120.6 USD bn in Mar 2023.

Current account balance (BoP, current US$) in Singapore was reported at 96015191957 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Current account balance (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Singapore BoP: Current Account (CA) Balance data was reported at 28,814.100 SGD mn in Dec 2024. This records a decrease from the previous number of 33,894.900 SGD mn for Sep 2024. Singapore BoP: Current Account (CA) Balance data is updated quarterly, averaging 11,006.750 SGD mn from Mar 1986 (Median) to Dec 2024, with 156 observations. The data reached an all-time high of 36,405.200 SGD mn in Jun 2022 and a record low of -659.200 SGD mn in Mar 1987. Singapore BoP: Current Account (CA) Balance data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.JB001: Balance of Payments: BPM6. Singapore’s Balance of Payment is compiled based on the recommendation of BPM6 by the IMF. The sign convention of the entire dataset is adhered to BPM6.

Singapore recorded a Current Account surplus of 34796.60 SGD Million in the second quarter of 2025. This dataset provides - Singapore Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Singapore BoP: Financial Account (FA): Net data was reported at 39,070.500 SGD mn in Dec 2024. This records an increase from the previous number of 17,110.600 SGD mn for Sep 2024. Singapore BoP: Financial Account (FA): Net data is updated quarterly, averaging 5,291.300 SGD mn from Mar 1986 (Median) to Dec 2024, with 156 observations. The data reached an all-time high of 110,433.400 SGD mn in Jun 2022 and a record low of -22,621.500 SGD mn in Jun 2020. Singapore BoP: Financial Account (FA): Net data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.JB001: Balance of Payments: BPM6. Singapore’s Balance of Payment is compiled based on the recommendation of BPM6 by the IMF. The sign convention of the entire dataset is adhered to BPM6.

Primary income payments (BoP, current US$) in Singapore was reported at 288590316063 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Income payments (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

BoP: CA: Services: Imports: OBS: Trade-Related data was reported at 5,017.800 SGD mn in Dec 2024. This records an increase from the previous number of 4,576.500 SGD mn for Sep 2024. BoP: CA: Services: Imports: OBS: Trade-Related data is updated quarterly, averaging 3,505.900 SGD mn from Mar 2011 (Median) to Dec 2024, with 56 observations. The data reached an all-time high of 5,197.900 SGD mn in Dec 2022 and a record low of 1,810.600 SGD mn in Jun 2011. BoP: CA: Services: Imports: OBS: Trade-Related data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.JB001: Balance of Payments: BPM6.

Graph and download economic data for Balance of Payments: Total Net Current Account for Singapore (SGPBCABP6USD) from 2016 to 2024 about Singapore, current account, BOP, and Net.

Singapore BoP: CA: Services: Balance data was reported at 15,145.300 SGD mn in Dec 2024. This records a decrease from the previous number of 17,382.800 SGD mn for Sep 2024. Singapore BoP: CA: Services: Balance data is updated quarterly, averaging 834.650 SGD mn from Mar 1986 (Median) to Dec 2024, with 156 observations. The data reached an all-time high of 17,382.800 SGD mn in Sep 2024 and a record low of -5,062.200 SGD mn in Dec 2003. Singapore BoP: CA: Services: Balance data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.JB001: Balance of Payments: BPM6.

Primary income payments of Singapore jumped by 12.01% from 257,637,241,516 US dollars in 2023 to 288,590,316,063 US dollars in 2024. Since the 2.50% reduction in 2020, primary income payments shot up by 87.06% in 2024. Income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments). Income derived from the use of intangible assets is excluded.

Singapore recorded a trade surplus of 9708 SGD Million in June of 2025. This dataset provides the latest reported value for - Singapore Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Secondary income, other sectors, payments of Singapore went up by 3.37% from 36,151,850,657 US dollars in 2023 to 37,369,895,477 US dollars in 2024. Since the 3.92% downward trend in 2020, secondary income, other sectors, payments rocketed by 53.88% in 2024. Current transfers are recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

Net secondary income of Singapore surged by 11.23% from -6,807,139,488 US dollars in 2023 to -7,571,581,810 US dollars in 2024. Since the 41.34% slump in 2020, net secondary income soared by 80.98% in 2024. Net current transfers are recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

Service imports of Singapore leapt by 7.62% from 326,272,472,259 US dollars in 2023 to 351,122,433,707 US dollars in 2024. Since the 1.84% decrease in 2016, service imports rocketed by 121.23% in 2024. Services (previously non-factor services) refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time.

Foreign direct investment, net (BoP, current US$) in Singapore was reported at --96683787762 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Foreign direct investment, net (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Secondary income, other sectors, payments (BoP, current US$) in Singapore was reported at 37369895477 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Private current transfers; payments (BoP; current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Singapore BoP: CA: Primary Income Balance data was reported at -32,453.200 SGD mn in Dec 2024. This records a decrease from the previous number of -28,417.600 SGD mn for Sep 2024. Singapore BoP: CA: Primary Income Balance data is updated quarterly, averaging -1,529.800 SGD mn from Mar 1986 (Median) to Dec 2024, with 156 observations. The data reached an all-time high of 921.600 SGD mn in Mar 1992 and a record low of -39,180.700 SGD mn in Dec 2023. Singapore BoP: CA: Primary Income Balance data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.JB001: Balance of Payments: BPM6.

Portfolio equity, net inflows (BoP, current US$) in Singapore was reported at 7025196733 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Portfolio equity, net inflows (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Communications, computer, etc. (% of service imports) of Singapore dipped by 3.44% from 51.1 % in 2023 to 49.4 % in 2024. Since the 1.50% upward trend in 2021, communications, computer, etc. (% of service imports) slumped by 11.56% in 2024. Communications, computer, information, and other services cover international telecommunications; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; personal, cultural, and recreational services; manufacturing services on physical inputs owned by others; and maintenance and repair services and government services not included elsewhere.

Singapore BoP: FA: Direct Investment: Liabilities data was reported at 60,759.500 SGD mn in Dec 2024. This records an increase from the previous number of 44,666.400 SGD mn for Sep 2024. Singapore BoP: FA: Direct Investment: Liabilities data is updated quarterly, averaging 15,913.150 SGD mn from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 65,007.400 SGD mn in Dec 2022 and a record low of -4,441.600 SGD mn in Jun 2003. Singapore BoP: FA: Direct Investment: Liabilities data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.JB001: Balance of Payments: BPM6. [COVID-19-IMPACT]