Singapore Current Account

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Singapore posted a current account surplus of 24.7 SGD billion in the September quarter of 2016, compared to a 20.7 SGD billion surplus in the same period of 2015. 

It was the largest surplus on record, mainly driven by the surplus of goods account (30.7 SGD billion from 26.5 SGD billion, as exports of goods fell 3.4 percent while imports of goods dropped by 8.4 percent).

In contrast, the deficit of services account was at 0.63 SGD billion (from 0.66 SGD billion, as exports of services declined by 0.2 percent while imports of services rose 0.1 percent).

Primary income deficit stood at 2.90 SGD billion (from 2.66 SGD billion). Secondary income also posted a deficit of 2.50 SGD billion, compared to a gap of 2.4 SGD billion in the third quarter a year earlier. Considering January to September 2016, current account surplus came in at 66.1 SGD billion, larger than a surplus of 58.9 SGD billion in the same period of the prior year.

Current Account in Singapore averaged 8765.49 SGD Million from 1986 until 2016, reaching an all time high of 24666.70 SGD Million in the third quarter of 2016 and a record low of -659.20 SGD Million in the first quarter of 1987.

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  12. Euro Area Current Account Eurozone’s current account surplus widened sharply to EUR 47.0 billion from EUR 41.4 billion in the same month of the previous year. The primary income surplus increased firmly to EUR 18.2 billion from EUR 13.0 billion a year ago and the goods surplus rose to EUR 32.8 billion from EUR 31.4 billion, while the services surplus was nearly unchanged at EUR 6.4 billion. Meanwhile, the secondary income deficit rose to EUR 10.5 billion from EUR 9.3 billion in the same month a year earlier. Considering 2016 full year, the current account surplus widened to EUR 361.8 billion from EUR 316.7...

  13. Singapore Current Account to GDP Singapore recorded a Current Account surplus of 19.80 percent of the country’s Gross Domestic Product in 2015. Current Account to GDP in Singapore averaged 11.75 percent from 1980 until 2015, reaching an all time high of 26.10 percent in 2007 and a record low of -13.10 percent in 1980.  Export Data  API Access Please Paste this Code in your Website source: tradingeconomics.com The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with...

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  15. Israel Current Account Israel’s current account surplus widened to $3.2 billion in the fourth quarter of 2016 from $2.9 billion a year ago. Trade surplus in services increased to $3.6 billion (from $3.4 billion surplus in Q4 2015) while the trade deficit in goods widened to $2.2 billion (from $1.6 billion gap in Q4 2015). Primary income deficit narrowed to $0.7 billion (from $1.1 billion in Q4 2015). Also, secondary income surplus rose to $2.6 billion ($2.1 billion in Q4 2015). Current Account in Israel averaged 285.90 USD Million from 1975 until 2016, reaching an all time high of 3707...

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  17. Armenia Current Account Armenia recorded a current account deficit of $184 million in the fourth quarter of 2016, compared to a $93.8 million gap in the same period a year ago. The surplus in primary income narrowed to $132.1 million (from a $186.9 million surplus), mainly due to lower investment income and direct investments. In contrast, secondary income surplus widened to $175.5 million (from $171.8 million). Meanwhile, the deficit in goods and services account declined to $355.6 million (from $364.4 million gap). Current Account in Armenia averaged -128.95 USD Million from 1993 until 2016, reaching an all time high of...

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  19. Latvia Current Account Latvia recorded a current account surplus of €99.4 million in December of 2016 from €34.66 million shortfall in the same period a year ago. The services surplus increased significantly by €53.3 million to € 204.14 million and goods shortfall decreased by €4.1 million to €188.7 million. In addition, the primary income balance shifted to a €59.6 million surplus from a €7.7 million deficit and secondary income surplus increased by €9.3 million to €24.1 million. Current Account in Latvia averaged -82.83 EUR Million from 2000 until 2016, reaching an all time high of 343.50 EUR Million in June of 2009 and...

  20. Mexico Current Account Mexico’s current account deficit narrowed to USD 3.36 billion in the last quarter of 2016 compared to a downwardly revised USD 7.52 billion the same quarter of the previous year. The goods deficit declined significantly to USD 0.66 billion from USD 3.78 billion a year ago while the services gap increased to USD 1.95 billion from USD 1.87 billion. Considering full 2016, the country recorded a USD 27.86 billion gap, equivalent to 2.7 percent of the gross domestic product, compared to a USD 33.35 billion shortfall in 2015, equivalent to 2.9 percent of GDP. Current Account in Mexico averaged -2120.11...