18, Jan 2021, EST.

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Country or Region: Singapore › Change country
Economic Indicator: Current Account Balance (US Dollars) › See all Singapore indicators, › See Current Account Balance (US Dollars) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Singapore Dollar
Currency Symbol: SGD

Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income. Source: National Statistics Office Latest actual data: 2015 BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6) Primary domestic currency: Singapore dollar Data last updated: 03/2016

Current Account Balance (US Dollars) for Singapore in year 2015 is US$ 57.561 Billion. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

This makes Singapore No. 9 in world rankings according to Current Account Balance (US Dollars) in year 2015. The world's average Current Account Balance (US Dollars) value is US$ 7.04 Billion; Singapore is US$ 50.52 more than the average.

In the previous year, 2014, Current Account Balance (US Dollars) for Singapore was US$ 53.18 Billion Current Account Balance (US Dollars) for Singapore in 2015 was or will be 8.25% more than it was or will be in 2014.

In the following or forecasted year, 2016, Current Account Balance (US Dollars) for Singapore was or will be US$62.34 Billion, which is 8.30% more than the 2015 figure.