Current account balance as a proportion of GDP (%) in Singapore
Singapore: Current account balance as a proportion of GDP (%) was 17.5% in 2024. ▼ Falling
Current account balance as a proportion of GDP in Singapore, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Singapore is 17.5%, measured in 2024.
The figure is down 0.8% on the previous year and down 2.3% over ten years.
Over the whole period, current account balance as a proportion of gdp in Singapore peaked at 27.1% in 2007 and was at its lowest, 11.1%, in 2000.
Singapore ranks 4th of 205 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 25 years of available data.
Current account balance as a proportion of GDP (%) in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 11.1% | — |
| 2001 | 14.4% | +30.4% |
| 2002 | 14.9% | +3.1% |
| 2003 | 24.3% | +63.4% |
| 2004 | 19.3% | -20.5% |
| 2005 | 23.3% | +20.5% |
| 2006 | 26.9% | +15.6% |
| 2007 | 27.1% | +0.9% |
| 2008 | 15.1% | -44.4% |
| 2009 | 16.4% | +8.7% |
| 2010 | 22.9% | +39.9% |
| 2011 | 22.2% | -3.1% |
| 2012 | 17.6% | -20.6% |
| 2013 | 15.7% | -11.0% |
| 2014 | 18.0% | +14.3% |
| 2015 | 18.7% | +4.1% |
| 2016 | 18.0% | -3.7% |
| 2017 | 18.6% | +3.3% |
| 2018 | 15.7% | -15.6% |
| 2019 | 15.4% | -2.0% |
| 2020 | 17.5% | +13.8% |
| 2021 | 19.8% | +13.1% |
| 2022 | 18.4% | -6.9% |
| 2023 | 17.7% | -4.0% |
| 2024 | 17.5% | -0.8% |
Singapore compared with similar countries
- Singapore's 17.5% is above the median for high income countries, which is 1.6%, 11.1× the median. (69 countries reporting)
- Singapore's 17.5% is above the median for East Asia & Pacific, which is 1.1%, 16.1× the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.3% | 11.1% | 27.1% | 10 |
| 2010s | 18.3% | 15.4% | 22.9% | 10 |
| 2020s | 18.2% | 17.5% | 19.8% | 5 |
Countries ranked near Singapore
More economy & growth data for Singapore
- Real gdp growth, annual growth rate -6.01 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.49 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,066 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.451 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0079 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 778.55 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.63 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Singapore?
- Current account balance as a proportion of gdp in Singapore was 17.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Singapore?
- The highest recorded value was 27.1% in 2007.
- What is the lowest current account balance as a proportion of gdp recorded in Singapore?
- The lowest recorded value was 11.1% in 2000.
- How does Singapore rank for current account balance as a proportion of gdp?
- Singapore ranks 4th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Singapore?
- Over the last ten years it is down 2.3%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).