Current Account in Singapore

Singapore Current Account (USD bn) | Economic News & Forecasts

Singapore - Current Account (billions of U.S. Dollars)

The economic picture is one of gradual recovery, following advanced estimates indicating a significant slowing in the pace of contraction in the third quarter. The easing of circuit breaker policies throughout the quarter saw industrial output rebound strongly, while non-oil exports declined at a softer pace in the same period. Turning to Q4, the continued reopening of the economy and the low level of new daily Covid-19 cases should support business activity and consumer spending. Meanwhile, both the manufacturing and electronics PMIs indicated a continued improvement in conditions within their respective sectors in October. However, the reimposition of mobility restrictions in key international markets bodes ill for the services sector in Q4, particularly for businesses involved in tourism activities, amid markedly reduced visitor arrivals.

Singapore - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)57.6  56.2  55.6  64.1  63.1  

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Singapore Current Account (USD bn) Chart

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

Singapore Facts

Value Change Date
Bond Yield1.741.39 %Dec 31
Exchange Rate1.34-0.01 %Jan 01

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