Services balance (credit less debit), Net (credits less debits) in Singapore
Singapore: Services balance (credit less debit), Net (credits less debits) 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) 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% |
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
- 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 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.