Goods balance (credit less debit), Net (credits less debits) in Singapore
Singapore: Goods balance (credit less debit), Net (credits less debits) was 148.13 billion in 2024. ▲ Rising
Goods balance (credit less debit), Net (credits less debits) in Singapore, 2005–2024
Source: International Monetary Fund.
Analysis
Singapore recorded 148.13 billion for goods balance (credit less debit), net (credits less debits) in 2024.
The figure is down 5.8% on the previous year and up 70.9% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Singapore peaked at 160.10 billion in 2022 and was at its lowest, 41.40 billion, in 2008.
That places Singapore 4th 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.
Goods balance (credit less debit), Net (credits less debits) in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 47.65 billion | — |
| 2006 | 52.33 billion | +9.8% |
| 2007 | 58.14 billion | +11.1% |
| 2008 | 41.40 billion | -28.8% |
| 2009 | 47.89 billion | +15.7% |
| 2010 | 63.23 billion | +32.0% |
| 2011 | 75.55 billion | +19.5% |
| 2012 | 74.95 billion | -0.8% |
| 2013 | 78.78 billion | +5.1% |
| 2014 | 86.69 billion | +10.0% |
| 2015 | 92.57 billion | +6.8% |
| 2016 | 89.33 billion | -3.5% |
| 2017 | 99.12 billion | +11.0% |
| 2018 | 102.74 billion | +3.6% |
| 2019 | 94.71 billion | -7.8% |
| 2020 | 102.84 billion | +8.6% |
| 2021 | 121.17 billion | +17.8% |
| 2022 | 160.10 billion | +32.1% |
| 2023 | 157.23 billion | -1.8% |
| 2024 | 148.13 billion | -5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 49.48 billion | 41.40 billion | 58.14 billion | 5 |
| 2010s | 85.77 billion | 63.23 billion | 102.74 billion | 10 |
| 2020s | 137.90 billion | 102.84 billion | 160.10 billion | 5 |
Countries ranked near Singapore
- 1 China 767.98 billion compare
- 2 Germany 257.25 billion compare
- 3 Ireland 190.99 billion compare
- 5 Russian Federation 132.09 billion compare
- 6 Switzerland 130.84 billion compare
- 7 Republic of Korea 100.13 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 goods balance (credit less debit), net (credits less debits) in Singapore?
- Goods balance (credit less debit), net (credits less debits) in Singapore was 148.13 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Singapore?
- The highest recorded value was 160.10 billion in 2022.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Singapore?
- The lowest recorded value was 41.40 billion in 2008.
- How does Singapore rank for goods balance (credit less debit), net (credits less debits)?
- Singapore ranks 4th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Singapore?
- Over the last ten years it is up 70.9%. 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 Goods 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.