European Union vs Singapore: External balance on goods and services
External balance on goods and services over time
- European Union
- Singapore
How they compare
Singapore currently reports 35.4% against 3.8% in European Union, a difference of 31.6%.
That makes Singapore's figure about 9.3 times European Union's.
The two have swapped places 1 time across 56 shared years of data; in 1970 it was European Union ahead.
European Union ranks 7th and Singapore ranks 4th of 44 groups.
Across the 6 decades both report, European Union averaged higher in 1 and Singapore in 5.
Head to head by decade
| Decade | European Union | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -0.7% | -10.6% | 9.9% | European Union |
| 1980s | -0.8% | 1.5% | 2.3% | Singapore |
| 1990s | 1.1% | 14.8% | 13.6% | Singapore |
| 2000s | 1.6% | 23.8% | 22.2% | Singapore |
| 2010s | 3.4% | 26.4% | 23.0% | Singapore |
| 2020s | 3.5% | 35.9% | 32.4% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, European Union or Singapore?
- Singapore, at 35.4% against 3.8% in European Union as of 2025.
- What is the difference in external balance on goods and services between European Union and Singapore?
- 31.6%, with Singapore ahead.
- How many years of comparable data are there for European Union and Singapore?
- 56 years are reported by both, from 1970 to 2025.
- How do European Union and Singapore rank globally for external balance on goods and services?
- European Union ranks 7th and Singapore ranks 4th of 44 groups.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.