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% |
Singapore compared with similar countries
- Singapore's -7.57 billion is below the median for high income countries, which is -347.77 million, 21.8× the median. (72 countries reporting)
- Singapore's -7.57 billion is below the median for East Asia & Pacific, which is 146.26 million. (33 countries reporting)
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
- 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 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.
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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.