Secondary income balance (credit less debit), Net (credits less) in Singapore
Singapore: Secondary income balance (credit less debit), Net (credits less) was -7.57 billion in 2024. ▼ Falling
Secondary income balance (credit less debit), Net (credits less) in Singapore, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, secondary income balance (credit less debit), net (credits less) in Singapore stood at -7.57 billion. That is the lowest value across all 20 years on record.
The figure is down 11.2% on the previous year and down 19.6% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Singapore peaked at -1.24 billion in 2005 and was at its lowest, -7.57 billion, in 2024.
That places Singapore 182nd out of 197 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Secondary income balance (credit less debit), Net (credits less) in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.24 billion | — |
| 2006 | -1.64 billion | +32.6% |
| 2007 | -2.71 billion | +64.7% |
| 2008 | -3.68 billion | +35.8% |
| 2009 | -3.72 billion | +1.2% |
| 2010 | -5.51 billion | +48.1% |
| 2011 | -5.31 billion | -3.6% |
| 2012 | -6.30 billion | +18.6% |
| 2013 | -6.21 billion | -1.4% |
| 2014 | -6.33 billion | +1.9% |
| 2015 | -5.49 billion | -13.3% |
| 2016 | -7.43 billion | +35.4% |
| 2017 | -5.34 billion | -28.2% |
| 2018 | -5.74 billion | +7.5% |
| 2019 | -7.13 billion | +24.3% |
| 2020 | -4.18 billion | -41.3% |
| 2021 | -6.31 billion | +50.8% |
| 2022 | -7.25 billion | +14.9% |
| 2023 | -6.81 billion | -6.1% |
| 2024 | -7.57 billion | +11.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.60 billion | -3.72 billion | -1.24 billion | 5 |
| 2010s | -6.08 billion | -7.43 billion | -5.31 billion | 10 |
| 2020s | -6.42 billion | -7.57 billion | -4.18 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 secondary income balance (credit less debit), net (credits less) in Singapore?
- Secondary income balance (credit less debit), net (credits less) in Singapore was -7.57 billion in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Singapore?
- The highest recorded value was -1.24 billion in 2005.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Singapore?
- The lowest recorded value was -7.57 billion in 2024.
- How does Singapore rank for secondary income balance (credit less debit), net (credits less)?
- Singapore ranks 182nd out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Singapore?
- Over the last ten years it is down 19.6%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from International Monetary Fund, published as part of Secondary income balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.