Current account balance (credit less debit), Percent of GDP in Singapore
Singapore: Current account balance (credit less debit), Percent of GDP was 16.32 in 2031. ◆ Volatile
Current account balance (credit less debit), Percent of GDP in Singapore, 1980–2031
Source: International Monetary Fund.
Analysis
In 2031, current account balance (credit less debit), percent of gdp in Singapore stood at 16.32.
The figure is up 0.3% on the previous year and down 15.2% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp in Singapore peaked at 27.14 in 2007 and was at its lowest, -13.35, in 1980.
That places Singapore 1st out of 26 countries with data for 2031, 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 (credit less debit), Percent of GDP in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -13.35 | — |
| 1981 | -10.73 | -19.6% |
| 1982 | -8.49 | -20.9% |
| 1983 | -3.62 | -57.3% |
| 1984 | -2.06 | -43.2% |
| 1985 | 0.1094 | -105.3% |
| 1986 | 1.79 | +1538.4% |
| 1987 | -0.4764 | -126.6% |
| 1988 | 7.33 | -1639.2% |
| 1989 | 9.47 | +29.2% |
| 1990 | 8.08 | -14.7% |
| 1991 | 10.72 | +32.7% |
| 1992 | 11.23 | +4.7% |
| 1993 | 6.78 | -39.6% |
| 1994 | 15.29 | +125.6% |
| 1995 | 16.5 | +7.9% |
| 1996 | 14.63 | -11.3% |
| 1997 | 15.57 | +6.4% |
| 1998 | 21.79 | +40.0% |
| 1999 | 17.2 | -21.1% |
| 2000 | 11.07 | -35.6% |
| 2001 | 14.43 | +30.4% |
| 2002 | 14.88 | +3.1% |
| 2003 | 24.3 | +63.4% |
| 2004 | 19.31 | -20.5% |
| 2005 | 23.26 | +20.5% |
| 2006 | 26.89 | +15.6% |
| 2007 | 27.14 | +0.9% |
| 2008 | 15.08 | -44.4% |
| 2009 | 16.39 | +8.7% |
| 2010 | 22.93 | +39.9% |
| 2011 | 22.22 | -3.1% |
| 2012 | 17.64 | -20.6% |
| 2013 | 15.71 | -11.0% |
| 2014 | 17.95 | +14.3% |
| 2015 | 18.69 | +4.1% |
| 2016 | 18.03 | -3.6% |
| 2017 | 18.49 | +2.6% |
| 2018 | 15.68 | -15.2% |
| 2019 | 15.45 | -1.4% |
| 2020 | 17.7 | +14.5% |
| 2021 | 19.25 | +8.8% |
| 2022 | 18.92 | -1.7% |
| 2023 | 16.39 | -13.4% |
| 2024 | 17.2 | +4.9% |
| 2025 | 16.71 | -2.8% |
| 2026 | 16.57 | -0.9% |
| 2027 | 16.54 | -0.2% |
| 2028 | 16.54 | -0.0% |
| 2029 | 16.36 | -1.1% |
| 2030 | 16.28 | -0.4% |
| 2031 | 16.32 | +0.3% |
Singapore compared with similar countries
- Singapore's 16.32 is above the median for high income countries, which is 1.65, 9.9× the median. (13 countries reporting)
- Singapore's 16.32 is above the median for East Asia & Pacific, which is 5.46, 3.0× the median. (7 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP in Singapore changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1988 | +1639.2% | -0.4764 | 7.33 |
| 1986 | +1538.4% | 0.1094 | 1.79 |
| 1987 | -126.6% | 1.79 | -0.4764 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -2 | -13.35 | 9.47 | 10 |
| 1990s | 13.78 | 6.78 | 21.79 | 10 |
| 2000s | 19.28 | 11.07 | 27.14 | 10 |
| 2010s | 18.28 | 15.45 | 22.93 | 10 |
| 2020s | 17.22 | 16.36 | 19.25 | 10 |
| 2030s | 16.3 | 16.28 | 16.32 | 2 |
Countries ranked near Singapore
- 2 Brunei Darussalam 15.92 compare
- 3 Chinese Taipei 15.38 compare
- 4 Hong Kong, China 11.42 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), percent of gdp in Singapore?
- Current account balance (credit less debit), percent of gdp in Singapore was 16.32 in 2031, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp recorded in Singapore?
- The highest recorded value was 27.14 in 2007.
- What is the lowest current account balance (credit less debit), percent of gdp recorded in Singapore?
- The lowest recorded value was -13.35 in 1980.
- How does Singapore rank for current account balance (credit less debit), percent of gdp?
- Singapore ranks 1st out of 26 countries with data for 2031.
- Is current account balance (credit less debit), percent of gdp rising or falling in Singapore?
- Over the last ten years it is down 15.2%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Percent of GDP (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.