Current Account in Singapore

Singapore Current Account | Economic News & Forecasts

Singapore - Current Account

Revised data showed growth mellowed markedly in the third quarter and by more than previously reported, on weaker-than-previously-estimated growth in the manufacturing and services sectors. However, the contraction in the construction sector was smaller than initially announced. Looking at Q4, PMI data for October and November illustrates further softening in the manufacturing sector as new orders and employment gravitate closer to negative territory, while the electronics sector contracted in November. Nevertheless, non-oil domestic export growth ticked up in October—albeit thanks to the volatile pharmaceutical subsector. On the political front, tensions with neighbor Malaysia are escalating due to a dispute over maritime boundaries. However, there is unlikely to be a noticeable economic impact and mutual economic interests will likely stop the disagreement escalating too much further.

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 %Jan 16
Exchange Rate1.36-0.01 %Jan 16
Stock Market3,2290.18 %Jan 16

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