Primary income balance (credit less debit), Net (credits less debits) in Singapore
Singapore: Primary income balance (credit less debit), Net (credits less debits) was -88.99 billion in 2024. ◆ Volatile
Primary income balance (credit less debit), Net (credits less debits) in Singapore, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, primary income balance (credit less debit), net (credits less debits) in Singapore stood at -88.99 billion.
That represents a change of up 4.3% on the previous year and down 712.5% over ten years.
Over the whole period, primary income balance (credit less debit), net (credits less debits) in Singapore peaked at -2.59 billion in 2010 and was at its lowest, -101.97 billion, in 2022.
That places Singapore 195th out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income balance (credit less debit), Net (credits less debits) in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -7.23 billion | — |
| 2006 | -4.03 billion | -44.3% |
| 2007 | -4.76 billion | +18.1% |
| 2008 | -7.12 billion | +49.6% |
| 2009 | -10.07 billion | +41.4% |
| 2010 | -2.59 billion | -74.3% |
| 2011 | -9.60 billion | +270.5% |
| 2012 | -13.12 billion | +36.7% |
| 2013 | -16.57 billion | +26.3% |
| 2014 | -10.95 billion | -33.9% |
| 2015 | -21.02 billion | +91.9% |
| 2016 | -18.96 billion | -9.8% |
| 2017 | -22.45 billion | +18.4% |
| 2018 | -47.47 billion | +111.4% |
| 2019 | -45.54 billion | -4.1% |
| 2020 | -44.78 billion | -1.7% |
| 2021 | -65.57 billion | +46.4% |
| 2022 | -101.97 billion | +55.5% |
| 2023 | -92.97 billion | -8.8% |
| 2024 | -88.99 billion | -4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -6.64 billion | -10.07 billion | -4.03 billion | 5 |
| 2010s | -20.83 billion | -47.47 billion | -2.59 billion | 10 |
| 2020s | -78.86 billion | -101.97 billion | -44.78 billion | 5 |
Countries ranked near Singapore
More financial sector data for Singapore
- Net domestic credit (current LCU), per capita 123,291 current LCU per person (2020)
- Net domestic credit (current LCU), per unit of GDP 2 current LCU per US$ of GDP (2020)
- Net domestic credit (current LCU), annual growth rate 3.72 % change on previous year (2020)
- Gold reserves at 35 SDRs per ounce 217.81 million SDR (2025)
- Gold reserves at market value 19.85 billion SDR (2025)
- Reserves excluding gold, foreign exchange 289.89 billion SDR (2025)
- Reserves excluding gold 295.68 billion SDR (2025)
- Total reserves (gold at market value) 315.53 billion SDR (2025)
- Total reserves (gold at national valuation) 298.85 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 48,902 SDR per person (2025)
Frequently asked questions
- What is primary income balance (credit less debit), net (credits less debits) in Singapore?
- Primary income balance (credit less debit), net (credits less debits) in Singapore was -88.99 billion in 2024, according to International Monetary Fund.
- What is the highest primary income balance (credit less debit), net (credits less debits) recorded in Singapore?
- The highest recorded value was -2.59 billion in 2010.
- What is the lowest primary income balance (credit less debit), net (credits less debits) recorded in Singapore?
- The lowest recorded value was -101.97 billion in 2022.
- How does Singapore rank for primary income balance (credit less debit), net (credits less debits)?
- Singapore ranks 195th out of 197 countries with data for 2024.
- Is primary income balance (credit less debit), net (credits less debits) rising or falling in Singapore?
- Over the last ten years it is down 712.5%. 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 Primary income 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.