Current account balance (credit less debit), Net (credits less debits) in Singapore
Singapore: Current account balance (credit less debit), Net (credits less debits) 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 debits) 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% |
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 Republic of 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
- Total reserves in months of imports, annual growth rate 4.92 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 5.6 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.4801 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 47,436 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 5.5 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 48,383 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 7.17 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 51,631 SDR per person (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.