Singapore: Current account, in dollars
* indicates monthly or quarterly data series
| Singapore |
Current account balance, billion USD |
|---|---|
| Latest value | 99.13 |
| Year | 2023 |
| Measure | billion U.S. dollars |
| Data availability | 1972 - 2023 |
| Average | 24.42 |
| Min - Max | -1.56 - 99.13 |
| Source | The World Bank |
The latest value from 2023 is 99.13 billion U.S. dollars, an increase from 89.7 billion U.S. dollars in 2022. In comparison, the world average is 1.95 billion U.S. dollars, based on data from 148 countries. Historically, the average for Singapore from 1972 to 2023 is 24.42 billion U.S. dollars. The minimum value, -1.56 billion U.S. dollars, was reached in 1980 while the maximum of 99.13 billion U.S. dollars was recorded in 2023.
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Definition: 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.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 93.61 | 2021 | percent |
| Trade openness | 311.24 | 2023 | percent |
| Financial openness | 2.299 | 2021 | index points |
| Exports, percent of GDP | 174.30 | 2023 | percent |
| Exports, billion dollars | 873.99 | 2023 | billion U.S. dollars |
| Growth of exports | 2.38 | 2023 | percent |
| Imports, percent of GDP | 136.94 | 2023 | percent |
| Imports, billion dollars | 686.66 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 34.95 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 175.24 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 7,025.20 | 2023 | million dollars (current) |
| Current account, percent of GDP | 19.77 | 2023 | percent |
| Current account, in dollars | 99.13 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 37.36 | 2023 | percent |
| Trade balance, in dollars | 187.33 | 2023 | billion U.S. dollars |
| Reserves | 359.83 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.00 | 2023 | percent |
| Remittances | 0.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -2,758.71 | 2023 | million USD |
| Foreign exchange reserves | 506.71 | 12/2024 | billion |