Current Account Balance in Singapore
The current account balance in Singapore averaged 17.4% of GDP in the decade leading to 2022, above the Asia-Pacific region's average of 1.9% of GDP. The 2022 reading was 19.3% of GDP. For more current account information, visit our dedicated page.
Singapore Current Account Chart
Note: This chart displays Current Account (% of GDP) for Singapore from 2016 to 2015.
Source: Macrobond.
Singapore Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | 16.0 | 16.6 | 19.9 | 18.0 | 19.8 |
| Current Account Balance (USD bn) | 60.5 | 58.0 | 86.1 | 89.7 | 99.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Singapore current account projections for the next ten years from a panel of 21 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Singapore current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Singapore current account projections.
Want to get access to the full dataset of Singapore current account forecasts? Send an email to info@focus-economics.com.