Singapore Current Account

Last Release

Mar 31, 2025

Actual

34,608.5

Units In

SGD Million

28,814.1

Frequency

Quarterly

Next Release

Aug 13, 2025

Time to Release

2 Months 19 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
37,193.2 Mar 2024	-659.2 Mar 1987	12,271.7 SGD Million	1986-2025	Statistics Singapore

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Latest Updates

Singapore's current account surplus widened to SGD 34.61 billion in the first quarter of 2025 from SGD 33.52 billion in the same period of 2024, marking the largest current account surplus since the second quarter of 2022. The services account surplus increased to SGD 15.48 billion from SGD 14.51 billion, mainly due to higher transport and freight services. Additionally, the primary income deficit declined to SGD 23.10 billion in Q1 from SGD 24.07 billion in Q1 of 2024, and the secondary income gap decreased to SGD 2.61 billion from SGD 2.66 billion. Meanwhile, the goods account surplus narrowed to SGD 44.84 billion from SGD 45.75 billion in Q1 of 2024, amid a surge in imports. Last year, the country posted a current account surplus of SGD128.30 billion.