Singapore Forecast: Current Account Balance

1980 - 2028 | Yearly | USD bn | International Monetary Fund

Key information about Singapore Forecast: Current Account Balance

  • Singapore Current Account Balance is forecasted to be 79.203 USD bn in Dec 2024 as reported by International Monetary Fund.
  • It records a decrease from the last reported number of 82.564 USD bn in Dec 2023.
  • Looking ahead, Singapore Current Account Balance is projected to stand at 74.156 USD bn in Dec 2028.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: BPM6: Current Account: USD.

View Singapore's Forecast: Current Account Balance from 1980 to 2028 in the chart:

Singapore Forecast: Current Account Balance

What is Singapore's Forecast: Current Account Balance in 2028?

Singapore Current Account Balance is forecasted to be 79.203 USD bn in Dec 2024 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
74.156 2028 74.591 2027 -1.613 1980 90.239 2022 USD bn yearly 1980 - 2028

Forecast: Current Account Balance by Country Comparison

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Includes Forecast: Current Account Balance on 194 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Afghanistan (USD bn) 2.247 2020 yearly 2002 - 2020
Albania (USD bn) -1.790 2028 yearly 1980 - 2028
Algeria (USD bn) -13.583 2028 yearly 1980 - 2028
Andorra (USD bn) 0.842 2028 yearly 2019 - 2028
Angola (USD bn) 2.023 2028 yearly 1980 - 2028
Antigua and Barbuda (USD bn) -0.265 2028 yearly 2014 - 2028
Argentina (USD bn) 7.340 2028 yearly 1980 - 2028
Armenia (USD bn) -1.789 2028 yearly 1992 - 2028
Aruba (USD bn) 0.328 2028 yearly 1999 - 2028
Australia (USD bn) -18.570 2028 yearly 1980 - 2028
Austria (USD bn) 1.670 2028 yearly 1980 - 2028
Azerbaijan (USD bn) 6.695 2028 yearly 1992 - 2028
Bahamas (USD bn) -0.965 2028 yearly 1980 - 2028
Bahrain (USD bn) 1.321 2028 yearly 1980 - 2028
Bangladesh (USD bn) -21.942 2028 yearly 1980 - 2028
Barbados (USD bn) -0.438 2028 yearly 1980 - 2028
Belarus (USD bn) -0.016 2028 yearly 1992 - 2028
Belgium (USD bn) -2.148 2028 yearly 1980 - 2028
Belize (USD bn) -0.215 2028 yearly 1980 - 2028
Benin (USD bn) -1.245 2028 yearly 1980 - 2028
Bhutan (USD bn) -0.416 2028 yearly 1980 - 2028
Bolivia (USD bn) -2.306 2028 yearly 1980 - 2028
Bosnia and Herzegovina (USD bn) -1.298 2028 yearly 1998 - 2028
Botswana (USD bn) 0.165 2028 yearly 1980 - 2028
Brazil (USD bn) -59.994 2028 yearly 1980 - 2028
Brunei (USD bn) 2.542 2028 yearly 1981 - 2028
Bulgaria (USD bn) -0.406 2028 yearly 1980 - 2028
Burkina Faso (USD bn) -1.144 2028 yearly 1980 - 2028
Burundi (USD bn) -0.583 2028 yearly 1980 - 2028
Cambodia (USD bn) -2.954 2028 yearly 1992 - 2028
Cameroon (USD bn) -2.000 2028 yearly 1980 - 2028
Canada (USD bn) -55.335 2028 yearly 1980 - 2028
Cape Verde (USD bn) -0.145 2028 yearly 1980 - 2028
Central African Republic (USD bn) -0.173 2028 yearly 1980 - 2028
Chad (USD bn) -0.981 2028 yearly 1980 - 2028
Chile (USD bn) -12.671 2028 yearly 1980 - 2028
China (USD bn) 160.975 2028 yearly 1997 - 2028
Colombia (USD bn) -17.763 2028 yearly 1980 - 2028
Comoros (USD bn) -0.085 2028 yearly 1980 - 2028
Congo (USD bn) -0.461 2028 yearly 1980 - 2028
Costa Rica (USD bn) -1.864 2028 yearly 1980 - 2028
Croatia (USD bn) 0.205 2028 yearly 1992 - 2028
Cyprus (USD bn) -3.179 2028 yearly 1980 - 2028
Czech Republic (USD bn) 9.626 2028 yearly 1995 - 2028
Democratic Republic of Congo (USD bn) -3.273 2028 yearly 1980 - 2028
Denmark (USD bn) 45.017 2028 yearly 1980 - 2028
Djibouti (USD bn) 0.128 2028 yearly 1991 - 2028
Dominica (USD bn) -0.118 2028 yearly 2000 - 2028
Dominican Republic (USD bn) -4.927 2028 yearly 1980 - 2028
Ecuador (USD bn) 2.607 2028 yearly 1980 - 2028
Egypt (USD bn) -15.999 2028 yearly 1980 - 2028
El Salvador (USD bn) -1.957 2028 yearly 1980 - 2028
Equatorial Guinea (USD bn) -0.767 2028 yearly 1987 - 2028
Eritrea (USD bn) 0.257 2019 yearly 1992 - 2019
Estonia (USD bn) 0.619 2028 yearly 1993 - 2028
Swaziland (USD bn) 0.018 2028 yearly 1980 - 2028
Ethiopia (USD bn) -5.546 2028 yearly 1980 - 2028
Fiji (USD bn) -0.592 2028 yearly 1980 - 2028
Finland (USD bn) -1.459 2028 yearly 1980 - 2028
France (USD bn) -13.987 2028 yearly 1980 - 2028
Gabon (USD bn) -1.367 2028 yearly 1980 - 2028
Gambia (USD bn) -0.134 2028 yearly 1980 - 2028
Georgia (USD bn) -2.346 2028 yearly 1995 - 2028
Germany (USD bn) 330.963 2028 yearly 1980 - 2028
Ghana (USD bn) -2.914 2028 yearly 1980 - 2028
Greece (USD bn) -9.215 2028 yearly 1980 - 2028
Grenada (USD bn) -0.196 2028 yearly 2014 - 2028
Guatemala (USD bn) 0.063 2028 yearly 1980 - 2028
Guinea (USD bn) -2.239 2028 yearly 1980 - 2028
Guinea-Bissau (USD bn) -0.118 2028 yearly 1980 - 2028
Guyana (USD bn) 14.259 2028 yearly 1980 - 2028
Haiti (USD bn) -0.130 2028 yearly 1980 - 2028
Honduras (USD bn) -1.736 2028 yearly 1980 - 2028
Hong Kong SAR, China (USD bn) 25.833 2028 yearly 1980 - 2028
Hungary (USD bn) 1.409 2028 yearly 1980 - 2028
Iceland (USD bn) 0.471 2028 yearly 1980 - 2028
India (USD bn) -137.893 2028 yearly 1980 - 2028
Indonesia (USD bn) -30.420 2028 yearly 1980 - 2028
Iran (USD bn) 12.060 2028 yearly 1980 - 2028
Iraq (USD bn) -24.042 2028 yearly 2001 - 2028
Ireland (USD bn) 44.016 2028 yearly 1980 - 2028
Israel (USD bn) 23.348 2028 yearly 1980 - 2028
Italy (USD bn) 53.574 2028 yearly 1980 - 2028
Ivory Coast (USD bn) -3.088 2028 yearly 1980 - 2028
Jamaica (USD bn) -0.511 2028 yearly 1980 - 2028
Japan (USD bn) 167.498 2028 yearly 1980 - 2028
Jordan (USD bn) -2.347 2028 yearly 1980 - 2028
Kazakhstan (USD bn) -10.333 2028 yearly 1992 - 2028
Kenya (USD bn) -7.497 2028 yearly 1980 - 2028
Kiribati (USD bn) 0.027 2028 yearly 1980 - 2028
South Korea (USD bn) 66.020 2028 yearly 1980 - 2028
Kosovo (USD bn) -0.733 2028 yearly 2000 - 2028
Kuwait (USD bn) 29.379 2028 yearly 1980 - 2028
Kyrgyzstan (USD bn) -0.736 2028 yearly 1992 - 2028
Laos (USD bn) -1.018 2028 yearly 1980 - 2028
Latvia (USD bn) -1.280 2028 yearly 1992 - 2028
Lebanon (USD bn) -6.271 2022 yearly 1980 - 2022
Lesotho (USD bn) -0.127 2028 yearly 1980 - 2028
Liberia (USD bn) -1.265 2028 yearly 2000 - 2028
Libya (USD bn) 7.305 2028 yearly 1980 - 2028

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Singapore Key Series

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Includes 230 key indicators for Singapore, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 1.5 Dec 2023 quarterly Mar 2012 - Dec 2023
Consolidated Fiscal Balance (USD mn) -475.378 Jan 2024 monthly Apr 2011 - Jan 2024
Tax Revenue (USD mn) 4,402.634 Jan 2024 monthly Aug 1987 - Jan 2024
Tax Revenue: % of GDP (%) 10.1 Dec 2023 quarterly Dec 1987 - Dec 2023
National Government Debt (USD mn) 871,871.2 Dec 2023 quarterly Mar 1990 - Dec 2023
Government Debt: % of GDP (%) 170.8 Dec 2023 quarterly Mar 1990 - Dec 2023
Forecast: Government Expenditure (SGD bn) 147.746 2029 yearly 1991 - 2029
Forecast: Government Net Debt (SGD bn) 1,456.380 2029 yearly 1991 - 2029
Forecast: Government Revenue (SGD bn) 170.603 2029 yearly 1991 - 2029
Govt Finance: Cash Surplus / Deficit (SGD mn) -635.200 Jan 2024 monthly Apr 2011 - Jan 2024
Govt Revenue: Operating (SGD mn) 6,488.300 Jan 2024 monthly Jan 2003 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.209 2028 yearly 1980 - 2028
Trade Balance (USD mn) 5,660.2 Jan 2024 monthly Jan 1976 - Jan 2024
Total Exports (USD mn) 42,137.5 Jan 2024 monthly Jan 1976 - Jan 2024
Total Exports Growth (%) 3.6 Jan 2024 monthly Jan 1977 - Jan 2024
Aluminum: Exports (USD th) 710,153.306 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 10,982,157.540 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 7,291,818.243 2022 yearly 1995 - 2022
Total Imports (USD mn) 36,477.3 Jan 2024 monthly Jan 1964 - Jan 2024
Total Imports Growth (%) 0.4 Jan 2024 monthly Jan 1965 - Jan 2024
Imports: Medicament (USD th) 2,207,048.295 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,625,676.303 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3,509.266 Jan 2024 monthly Jan 1976 - Jan 2024
Total Imports from USA (USD mn) 3,956.203 Jan 2024 monthly Jan 1976 - Jan 2024
Total Exports to China (USD mn) 6,585.132 Jan 2024 monthly Jan 1975 - Jan 2024
Total Imports from China (USD mn) 4,787.827 Jan 2024 monthly Jan 1975 - Jan 2024
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 21,534.5 Dec 2023 quarterly Mar 1995 - Dec 2023
Current Account Balance (USD mn) 25,500.6 Dec 2023 quarterly Mar 1986 - Dec 2023
Current Account Balance: % of GDP (%) 19.5 Dec 2023 quarterly Mar 1986 - Dec 2023
Foreign Direct Investment (USD mn) 56,128.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Direct Investment: % of GDP (%) 42.9 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Portfolio Investment (USD mn) 12,621.668 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 9.7 Dec 2023 quarterly Mar 1995 - Dec 2023
External Debt (USD mn) 1,824,043.0 Sep 2023 quarterly Jun 2003 - Sep 2023
External Debt: % of GDP (%) 361.1 2022 yearly 2003 - 2022
External Debt: Short Term (USD mn) 1,230,065.0 Sep 2023 quarterly Jun 2003 - Sep 2023
External Debt: Short Term: % of GDP (%) 240.8 2022 yearly 2003 - 2022
Forecast: Current Account Balance (USD bn) 74.156 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 830,996.632 Sep 2023 quarterly Dec 2013 - Sep 2023
BoP: FA: Others: Liabilities (SGD mn) -13,237.200 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: Net Errors and Omissions (SGD mn) -1,315.400 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Direct Investment (SGD mn) -46,682.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Direct Investment: Liabilities (SGD mn) 75,741.400 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Official Reserves (OR): Net (SGD mn) 13,193.400 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Goods: Exports (SGD mn) 189,904.700 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Direct Investment: Assets (SGD mn) 29,059.400 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: Primary Income Balance: Receipts (SGD mn) 54,446.100 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Financial Derivatives: Liabilities (SGD mn) -868.800 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: CA: Primary Income Balance (SGD mn) -30,668.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 17,032.100 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Financial Derivatives (SGD mn) -2,225.900 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: CA: Goods: Balance (SGD mn) 52,921.800 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Services: Imports (SGD mn) 102,106.400 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Goods: Imports (SGD mn) 136,982.900 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Secondary Income Balance (SGD mn) -1,586.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Others: Assets (SGD mn) 23,081.800 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Financial Derivatives: Assets (SGD mn) -3,094.700 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: Financial Account (FA): Net (SGD mn) 19,902.600 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Others (SGD mn) 36,319.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Portfolio Inv: Assets (SGD mn) 49,523.600 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Current Account (CA) Balance (SGD mn) 34,411.400 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Primary Income Balance: Payment (SGD mn) 85,114.100 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Portfolio Investment (SGD mn) 32,491.500 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Services: Balance (SGD mn) 13,743.600 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Services: Exports (SGD mn) 115,850.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
External Debt: Gross: OL: DTC: Long Term (SGD mn) 178,709.700 Sep 2023 quarterly Jun 2003 - Sep 2023
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,376,242.500 Sep 2023 quarterly Jun 2003 - Sep 2023
External Debt: Gross (SGD mn) 2,490,913.100 Sep 2023 quarterly Jun 2003 - Sep 2023
External Debt: Gross: OL: OS: Short Term (SGD mn) 303,534.300 Sep 2023 quarterly Jun 2003 - Sep 2023
External Debt: Gross: OL: OS: Long Term (SGD mn) 228,791.800 Sep 2023 quarterly Jun 2003 - Sep 2023
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,476,535.300 2022 yearly 1998 - 2022
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 175,782.000 2022 yearly 1998 - 2022
FDI: By Industry: Manufacturing (SGD mn) 323,144.100 2022 yearly 1998 - 2022
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 411,171.600 2022 yearly 1998 - 2022
FDI: By Country: Switzerland (SGD mn) 80,150.900 2022 yearly 1998 - 2022
Foreign Direct Investment (FDI): Total (SGD mn) 2,618,994.200 2022 yearly 1998 - 2022
FDI: By Country: Netherlands (SGD mn) 70,409.500 2022 yearly 1998 - 2022
FDI: By Country: United States (SGD mn) 574,017.500 2022 yearly 1998 - 2022
FDI: By Country: United Kingdom (SGD mn) 138,604.600 2022 yearly 1998 - 2022
FDI: By Country: Japan (SGD mn) 177,665.900 2022 yearly 1998 - 2022
Business Entities (BE): Formation: Total (Number) 5,076.000 Feb 2024 monthly Jan 1970 - Feb 2024
SG: BOP: Current Account: Personal Remittances: Received (USD mn) 0.000 2022 yearly 2005 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 54.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 339,805.839 Jan 2024 monthly Mar 2004 - Jan 2024
Money Supply M2 (USD mn) 944,515.943 Jan 2024 monthly Mar 2004 - Jan 2024
M2 Growth (%) 4.3 Jan 2024 monthly Mar 2005 - Jan 2024
Foreign Exchange Reserves (USD mn) 343,728.9 Jan 2024 monthly Apr 2000 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 67.165 Dec 2023 quarterly Jun 2000 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 9.3 Jan 2024 monthly Apr 2000 - Jan 2024
Gold Reserves (USD mn) 6,438.100 Jan 2024 monthly Apr 2000 - Jan 2024
Total Deposits (USD mn) 1,359,474.905 Jan 2024 monthly Jan 1991 - Jan 2024
Total Deposits Growth (%) 3.9 Jan 2024 monthly Jan 1992 - Jan 2024
Domestic Credit (USD mn) 847,093.9 Jan 2024 monthly Mar 2004 - Jan 2024
Domestic Credit Growth (%) -1.4 Jan 2024 monthly Mar 2005 - Jan 2024
Credit to Households (USD bn) 227.662 Sep 2023 quarterly Mar 1991 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 856.674 Sep 2023 quarterly Dec 1963 - Sep 2023
Household Debt (USD mn) 273,806.9 Jan 2024 monthly Mar 2004 - Jan 2024
Total Loans (USD mn) 938,755.180 Jan 2024 monthly Mar 2004 - Jan 2024
Total Loans Growth (%) -1.52 Jan 2024 monthly Mar 2005 - Jan 2024
Private Debt: % of Nominal GDP (%) 130.91 Dec 2023 quarterly Mar 2004 - Dec 2023
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Other Reserve Assets (USD mn) 472.40 Jul 2018 monthly Apr 2000 - Jul 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 1.2 Feb 2024 monthly Jan 2000 - Feb 2024
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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