Current account balance (credit less debit), Net (credits less) in Singapore
Singapore: Current account balance (credit less debit), Net (credits less) was 96.02 billion in 2024. ▲ Rising
Current account balance (credit less debit), Net (credits less debits) in Singapore, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in Singapore stood at 96.02 billion. That is the highest value across all 20 years on record.
The figure is up 7.4% on the previous year and up 69.9% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Singapore peaked at 96.02 billion in 2024 and was at its lowest, 29.20 billion, in 2008.
That places Singapore 8th out of 198 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Current account balance (credit less debit), Net (credits less) in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 29.73 billion | — |
| 2006 | 39.97 billion | +34.5% |
| 2007 | 49.11 billion | +22.9% |
| 2008 | 29.20 billion | -40.5% |
| 2009 | 31.83 billion | +9.0% |
| 2010 | 55.00 billion | +72.8% |
| 2011 | 62.07 billion | +12.9% |
| 2012 | 52.06 billion | -16.1% |
| 2013 | 48.31 billion | -7.2% |
| 2014 | 56.52 billion | +17.0% |
| 2015 | 57.57 billion | +1.9% |
| 2016 | 57.55 billion | -0.0% |
| 2017 | 63.94 billion | +11.1% |
| 2018 | 59.18 billion | -7.4% |
| 2019 | 57.87 billion | -2.2% |
| 2020 | 61.11 billion | +5.6% |
| 2021 | 86.44 billion | +41.4% |
| 2022 | 93.77 billion | +8.5% |
| 2023 | 89.40 billion | -4.7% |
| 2024 | 96.02 billion | +7.4% |
Singapore compared with similar countries
- Singapore's 96.02 billion is above the median for high income countries, which is 547.38 million, 175.4× the median. (72 countries reporting)
- Singapore's 96.02 billion is above the median for East Asia & Pacific, which is 65.63 million, 1463.0× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.97 billion | 29.20 billion | 49.11 billion | 5 |
| 2010s | 57.01 billion | 48.31 billion | 63.94 billion | 10 |
| 2020s | 85.35 billion | 61.11 billion | 96.02 billion | 5 |
Countries ranked near Singapore
- 5 Netherlands 110.92 billion compare
- 6 Ireland 105.99 billion compare
- 7 South Korea 99.04 billion compare
- 9 Switzerland 72.01 billion compare
- 10 Norway 71.65 billion compare
- 11 Russia 63.36 billion compare
More financial sector data for Singapore
- Reserve position in the IMF, US dollar, annual growth rate 8.93 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 230.78 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 3.73 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 168.51 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 8.93 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 230.78 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 3.73 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Singapore?
- Current account balance (credit less debit), net (credits less debits) in Singapore was 96.02 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Singapore?
- The highest recorded value was 96.02 billion in 2024.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Singapore?
- The lowest recorded value was 29.20 billion in 2008.
- How does Singapore rank for current account balance (credit less debit), net (credits less debits)?
- Singapore ranks 8th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Singapore?
- Over the last ten years it is up 69.9%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.