Services balance (credit less debit), Net (credits less debits) (US) in Singapore
Singapore: Services balance (credit less debit), Net (credits less debits) (US) was 44.44 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Singapore, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Singapore is 44.44 billion, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 39.1% on the previous year and up 444.7% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Singapore peaked at 44.44 billion in 2024 and was at its lowest, -12.89 billion, in 2014.
That places Singapore 9th out of 197 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) (US) in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -9.45 billion | — |
| 2006 | -6.68 billion | -29.3% |
| 2007 | -1.55 billion | -76.7% |
| 2008 | -1.39 billion | -10.4% |
| 2009 | -2.27 billion | +62.7% |
| 2010 | -135.75 million | -94.0% |
| 2011 | 1.43 billion | -1153.1% |
| 2012 | -3.46 billion | -342.2% |
| 2013 | -7.69 billion | +121.9% |
| 2014 | -12.89 billion | +67.7% |
| 2015 | -8.49 billion | -34.1% |
| 2016 | -5.38 billion | -36.6% |
| 2017 | -7.40 billion | +37.4% |
| 2018 | 9.65 billion | -230.4% |
| 2019 | 15.84 billion | +64.2% |
| 2020 | 7.23 billion | -54.4% |
| 2021 | 37.14 billion | +413.7% |
| 2022 | 42.89 billion | +15.5% |
| 2023 | 31.95 billion | -25.5% |
| 2024 | 44.44 billion | +39.1% |
Singapore compared with similar countries
- Singapore's 44.44 billion is above the median for high income countries, which is 910.63 million, 48.8× the median. (72 countries reporting)
- Singapore's 44.44 billion is above the median for East Asia & Pacific, which is -101.20 million. (33 countries reporting)
Biggest year-on-year movements
Years where Services balance (credit less debit), Net (credits less debits) (US) 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 |
|---|---|---|---|
| 2011 | +1153.1% | -135.75 million | 1.43 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.27 billion | -9.45 billion | -1.39 billion | 5 |
| 2010s | -1.85 billion | -12.89 billion | 15.84 billion | 10 |
| 2020s | 32.73 billion | 7.23 billion | 44.44 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 services balance (credit less debit), net (credits less debits) in Singapore?
- Services balance (credit less debit), net (credits less debits) in Singapore was 44.44 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Singapore?
- The highest recorded value was 44.44 billion in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Singapore?
- The lowest recorded value was -12.89 billion in 2014.
- How does Singapore rank for services balance (credit less debit), net (credits less debits)?
- Singapore ranks 9th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Singapore?
- Over the last ten years it is up 444.7%. 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 Services 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.