Current Account in Singapore

Singapore Current Account | Economic News & Forecasts

Singapore - Current Account

The economy seemingly got off to a slow start this year, with the manufacturing PMI moderating for the fifth consecutive month in January on the back of a broad-based slowdown. However, the reading remained in expansionary territory, which indicates a continued improvement in business conditions. Meanwhile, annualized non-oil domestic exports contracted notably in January as both the electronics and non-electronics sectors declined. Moreover, firms in the services sector expect conditions to become less favourable in the first half of this year according to a recent business expectations survey. This follows a fourth quarter during which economic growth decelerated on a moderation in growth in the manufacturing and services sectors, according to revised estimates. On the political front, the government unveiled its expansionary budget for fiscal year 2019 on 18 February, which will see extra spending on health and defense and should support the economy this year.

Singapore - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)16.5  18.7  18.6  19.1  18.8  

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Singapore Current Account Chart

Singapore Current Account
Note: Current account balance as % of GDP.
Source: Singapore Ministry of Trade and Industry and FocusEconomics calculations.

Singapore Facts

Bond Yield2.191.39 %Mar 11
Exchange Rate1.36-0.01 %Mar 11
Stock Market3,1910.18 %Mar 11

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