Current account balance — all countries

Current account balance — Singapore

Current account balance in Singapore in 2031 — 16.3%. Ranked 4 in the world out of 188. Since 1980, the indicator has risen by 29.7 pp.

2031 16.3% +0 pp vs 2030
World rank 4of 188
Period maximum 27.1%2007
Period minimum -13.4%1980

Trend over time

1980–2031 · % of GDP

Current account balance — Singapore, 1980–2031-200204019801986199219982004201020162022202820311980: -13.4%1981: -10.7%1982: -8.5%1983: -3.6%1984: -2.1%1985: 0.1%1986: 1.8%1987: -0.5%1988: 7.3%1989: 9.5%1990: 8.1%1991: 10.7%1992: 11.2%1993: 6.8%1994: 15.3%1995: 16.5%1996: 14.6%1997: 15.6%1998: 21.8%1999: 17.2%2000: 11.1%2001: 14.4%2002: 14.9%2003: 24.3%2004: 19.3%2005: 23.3%2006: 26.9%2007: 27.1%2008: 15.1%2009: 16.4%2010: 22.9%2011: 22.2%2012: 17.6%2013: 15.7%2014: 18%2015: 18.7%2016: 18%2017: 18.5%2018: 15.7%2019: 15.5%2020: 17.7%2021: 19.3%2022: 18.9%2023: 16.4%2024: 17.2%2025: 16.7%2026: 16.6%2027: 16.5%2028: 16.5%2029: 16.4%2030: 16.3%2031: 16.3%
Change over the period: +29.7 pp Annual average: 0.58 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Singapore

Singapore 16.3%
World computed 0.28%
East Asia & Pacific computed 3.13%
South-Eastern Asia computed 2.02%
High-income countries computed 0.13%
Current account balance — Singapore, by year Singapore All countries CSV XLSX
Year % Change, pp
2031 16.3 +0 pp
2030 16.3 −0.1 pp
2029 16.4 −0.1 pp
2028 16.5 +0 pp
2027 16.5 −0.1 pp
2026 16.6 −0.1 pp
2025 16.7 −0.5 pp
2024 17.2 +0.8 pp
2023 16.4 −2.5 pp
2022 18.9 −0.4 pp
2021 19.3 +1.6 pp
2020 17.7 +2.2 pp
2019 15.5 −0.2 pp
2018 15.7 −2.8 pp
2017 18.5 +0.5 pp
2016 18 −0.7 pp
2015 18.7 +0.7 pp
2014 18 +2.3 pp
2013 15.7 −1.9 pp
2012 17.6 −4.6 pp
2011 22.2 −0.7 pp
2010 22.9 +6.5 pp
2009 16.4 +1.3 pp
2008 15.1 −12 pp
2007 27.1 +0.2 pp
2006 26.9 +3.6 pp
2005 23.3 +4 pp
2004 19.3 −5 pp
2003 24.3 +9.4 pp
2002 14.9 +0.5 pp
2001 14.4 +3.3 pp
2000 11.1 −6.1 pp
1999 17.2 −4.6 pp
1998 21.8 +6.2 pp
1997 15.6 +1 pp
1996 14.6 −1.9 pp
1995 16.5 +1.2 pp
1994 15.3 +8.5 pp
1993 6.8 −4.4 pp
1992 11.2 +0.5 pp
1991 10.7 +2.6 pp
1990 8.1 −1.4 pp
1989 9.5 +2.2 pp
1988 7.3 +7.8 pp
1987 -0.5 −2.3 pp
1986 1.8 +1.7 pp
1985 0.1 +2.2 pp
1984 -2.1 +1.5 pp
1983 -3.6 +4.9 pp
1982 -8.5 +2.2 pp
1981 -10.7 +2.7 pp
1980 -13.4

About the indicator

The current account balance of the balance of payments as a percent of GDP: trade in goods and services, primary income (interest, dividends, compensation of employees) and secondary income (transfers). A surplus means a country earns more abroad than it spends and is building up external assets; a persistent deficit has to be financed by an inflow of capital.

Source: World Economic Outlook (IMF), license IMF open data.