Current account balance in Singapore
Singapore: Current account balance was 16.7% in 2025. ◆ Volatile
Current account balance in Singapore, 1972–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, current account balance in Singapore stood at 16.7%.
Compared with earlier readings it is down 2.8% on the previous year and down 10.6% over ten years.
Over the whole period, current account balance in Singapore peaked at 27.1% in 2007 and was at its lowest, -19.6%, in 1974.
That places Singapore 9th out of 200 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Singapore, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | -18.2% | — |
| 1973 | -14.0% | -22.8% |
| 1974 | -19.6% | +39.4% |
| 1975 | -10.4% | -47.0% |
| 1976 | -9.0% | -13.5% |
| 1977 | -4.5% | -50.3% |
| 1978 | -6.0% | +35.0% |
| 1979 | -7.9% | +31.5% |
| 1980 | -13.1% | +66.0% |
| 1981 | -10.4% | -21.1% |
| 1982 | -8.1% | -22.3% |
| 1983 | -3.4% | -57.4% |
| 1984 | -1.9% | -43.2% |
| 1985 | -0.0% | -99.0% |
| 1986 | 1.7% | -9134.2% |
| 1987 | -0.5% | -130.3% |
| 1988 | 7.6% | -1570.0% |
| 1989 | 9.7% | +27.4% |
| 1990 | 8.6% | -11.2% |
| 1991 | 10.7% | +24.3% |
| 1992 | 11.3% | +5.7% |
| 1993 | 6.9% | -38.8% |
| 1994 | 15.5% | +122.6% |
| 1995 | 16.5% | +6.6% |
| 1996 | 14.6% | -11.3% |
| 1997 | 15.6% | +6.4% |
| 1998 | 21.8% | +40.0% |
| 1999 | 17.2% | -21.1% |
| 2000 | 11.1% | -35.6% |
| 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% | -3.6% |
| 2017 | 18.5% | +2.6% |
| 2018 | 15.7% | -15.2% |
| 2019 | 15.5% | -1.4% |
| 2020 | 17.7% | +14.5% |
| 2021 | 19.3% | +8.8% |
| 2022 | 18.9% | -1.7% |
| 2023 | 16.4% | -13.4% |
| 2024 | 17.2% | +4.9% |
| 2025 | 16.7% | -2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -11.2% | -19.6% | -4.5% | 8 |
| 1980s | -1.8% | -13.1% | 9.7% | 10 |
| 1990s | 13.9% | 6.9% | 21.8% | 10 |
| 2000s | 19.3% | 11.1% | 27.1% | 10 |
| 2010s | 18.3% | 15.5% | 22.9% | 10 |
| 2020s | 17.7% | 16.4% | 19.3% | 6 |
Countries ranked near Singapore
- 6 Brunei Darussalam 18.0% compare
- 7 Ireland 17.4% compare
- 8 Tajikistan 17.1% compare
- 10 Andorra 16.0% compare
- 11 Papua New Guinea 15.5% compare
- 12 Bermuda 15.3% compare
More economy & growth data for Singapore
- 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)
- Gross capital formation (constant 2015 US$), annual growth rate 4.13 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1757 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 17,358 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 8.31 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 1.42 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 140,765 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 5.97 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 1.86 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Singapore?
- Current account balance in Singapore was 16.7% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Singapore?
- The highest recorded value was 27.1% in 2007.
- What is the lowest current account balance recorded in Singapore?
- The lowest recorded value was -19.6% in 1974.
- How does Singapore rank for current account balance?
- Singapore ranks 9th out of 200 countries with data for 2025.
- Is current account balance rising or falling in Singapore?
- Over the last ten years it is down 10.6%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. 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.