Singapore

SingaporeCurrent account

SG desk: Singapore first; United States, Australia, United Kingdom, euro area, Korea, Taiwan and New Zealand alongside.

16.71%

−0.49 pp

As of 2025 | % of GDP

Latest
16.71% 2025
Previous year
17.20% 2024
Min
-19.56% 1974
Max
27.14% 2007
YearValue
202516.71%
202417.20%
202316.39%
202218.92%
202119.25%
202017.70%
201915.45%
201815.68%
201718.49%
201618.03%
201518.69%
201417.95%
201315.71%
201217.64%
201122.22%
201022.93%
200916.39%
200815.08%
200727.14%
200626.89%
200523.26%
200419.31%
200324.30%
200214.88%
#CountryCurrent accountChangeYear
9Singapore16.71%−0.49 pp202532Korea, Rep.6.57%+1.24 pp202540Japan4.86%+0.24 pp2025
49China3.77%+1.30 pp2025
110United Kingdom-2.43%+0.53 pp2025115Australia-2.68%−0.37 pp2025129New Zealand-3.62%+1.01 pp2025131United States-3.63%+0.42 pp2025

What the current account is

The current-account balance as a share of GDP (BN.CAB.XOKA.GD.ZS) is exports minus imports of goods and services, plus net primary income and current transfers, divided by GDP. A surplus means the economy is a net lender to the rest of the world. Latest: 16.71% in 2025.

A large surplus or deficit is not automatically good or bad; it depends on saving, investment and the exchange rate. From 1972 to 2025 (54 years): latest 16.71% (2025), previous year 17.20% (2024); low -19.56% (1974), high 27.14% (2007).

Source: World Bank Open Data. Licence: CC BY 4.0 (terms).