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.

Singapore recorded a Current Account surplus of 17.50 percent of the country's Gross Domestic Product in 2024. This dataset provides - Singapore Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Singapore Current Account Balance: % of GDP

• Singapore Current Account surplus accounted for 15.3 % of the country's Nominal GDP in Dec 2024, compared with a 18.6 % surplus in the previous quarter.
• Singapore Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1986 to Dec 2024, with an average value of 16.4 %.
• The data reached an all-time high of 33.3 % in Mar 2007 and a record low of -6.3 % in Mar 1987.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Singapore Department of Statistics provides Current Account Balance in local currency and Nominal GDP in local currency.


Key information about Singapore Current Account Balance: % of GDP

• In the latest reports of Singapore, Current Account recorded a surplus of 21.6 USD bn in Dec 2024.
• 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.

Singapore recorded a Current Account surplus of 28814.10 SGD Million in the fourth quarter of 2024. This dataset provides - Singapore Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Singapore SG: BOP: Current Account: Balance: % of GDP data was reported at 18.829 % in 2017. This records a decrease from the previous number of 18.997 % for 2016. Singapore SG: BOP: Current Account: Balance: % of GDP data is updated yearly, averaging 12.415 % from Dec 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 26.059 % in 2007 and a record low of -19.579 % in 1974. Singapore SG: BOP: Current Account: Balance: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Current account balance (% of GDP) in Singapore was reported at 17.54 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Current account balance (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Graph and download economic data for Balance of Payments: Total Net Current Account for Singapore (SGPBCAGDPBP6PT) from 1990 to 2029 about Singapore, current account, BOP, and Net.

Singapore SG: BOP: Current Account: Trade in Services: % of GDP data was reported at 103.571 % in 2017. This records an increase from the previous number of 103.439 % for 2016. Singapore SG: BOP: Current Account: Trade in Services: % of GDP data is updated yearly, averaging 60.387 % from Dec 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 105.905 % in 2015 and a record low of 43.066 % in 1985. Singapore SG: BOP: Current Account: Trade in Services: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Balance of Payments: Current Account. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Singapore SG: BOP: Current Account: Balance data was reported at 60.989 USD bn in 2017. This records an increase from the previous number of 58.845 USD bn for 2016. Singapore SG: BOP: Current Account: Balance data is updated yearly, averaging 10.879 USD bn from Dec 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 61.127 USD bn in 2011 and a record low of -1.563 USD bn in 1980. Singapore SG: BOP: Current Account: Balance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

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 July of 2025.

In 2022, the current account balance in Singapore was approximately at ** percent of the country's GDP. In comparison, the current account balance in Cambodia was approximately *** percent of the nation's GDP in 2022.

Singapore: Current account balance as percent of GDP: The latest value from 2023 is 19.77 percent, an increase from 18 percent in 2022. In comparison, the world average is -1.56 percent, based on data from 133 countries. Historically, the average for Singapore from 1980 to 2023 is 12.91 percent. The minimum value, -13.35 percent, was reached in 1980 while the maximum of 27.14 percent was recorded in 2007.

Singapore: Current account balance forecast, percent of GDP: The latest value from 2030 is 15.73 percent, a decline from 16.11 percent in 2029. In comparison, the world average is -0.96 percent, based on data from 181 countries. Historically, the average for Singapore from 1980 to 2030 is 13.4 percent. The minimum value, -13.35 percent, was reached in 1980 while the maximum of 27.14 percent was recorded in 2007.

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.

SG: BOP: Current Account: Secondary Income: Other Sectors: Payments data was reported at 12.539 USD bn in 2017. This records an increase from the previous number of 12.242 USD bn for 2016. SG: BOP: Current Account: Secondary Income: Other Sectors: Payments data is updated yearly, averaging 1.170 USD bn from Dec 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 17.936 USD bn in 2015 and a record low of 73.956 USD mn in 1972. SG: BOP: Current Account: Secondary Income: Other Sectors: Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Balance of Payments: Current Account. Secondary income refers to transfers 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.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Singapore SG: BOP: Current Account: Personal Remittances: Received as % of GDP data was reported at 0.000 % in 2023. This stayed constant from the previous number of 0.000 % for 2022. Singapore SG: BOP: Current Account: Personal Remittances: Received as % of GDP data is updated yearly, averaging 0.000 % from Dec 2005 (Median) to 2023, with 19 observations. The data reached an all-time high of 0.000 % in 2023 and a record low of 0.000 % in 2023. Singapore SG: BOP: Current Account: Personal Remittances: Received as % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.;World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.;Weighted average;Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).

The balance of payments is a statement that summarises the economic transactions between residents of an economy and non-residents during a specific time period. It consists of the current account, and capital and financial account which in turn comprise cross-border transactions in goods and services, income flows, transfers, as well as capital and financial flows.

BPM6 refers to the sixth edition of the IMF's Balance of Payments and International Investment Position Manual. It presents revised and updated standards for concepts, definitions, and classifications for international accounts statistics. These standards are used globally to compile comprehensive and comparable data.

Singapore SG: BOP: Current Account: Exports: Goods, Services and Primary Income data was reported at 637.718 USD bn in 2017. This records an increase from the previous number of 592.959 USD bn for 2016. Singapore SG: BOP: Current Account: Exports: Goods, Services and Primary Income data is updated yearly, averaging 142.549 USD bn from Dec 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 664.155 USD bn in 2014 and a record low of 3.243 USD bn in 1972. Singapore SG: BOP: Current Account: Exports: Goods, Services and Primary Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Balance of Payments: Current Account. Exports of goods, services and primary income is the sum of goods exports, service exports and primary income receipts. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

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.

Singapore SG: BoP: Current Account: Goods & Services data was reported at 78.586 USD bn in 2017. This records a decrease from the previous number of 80.932 USD bn for 2016. Singapore SG: BoP: Current Account: Goods & Services data is updated yearly, averaging 11.140 USD bn from Dec 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 80.932 USD bn in 2016 and a record low of -1.027 USD bn in 1980. Singapore SG: BoP: Current Account: Goods & Services data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Singapore – Table SG.IMF.BOP: BPM6: Balance of Payments: Analytical Presentation: Annual.