Singapore - Current Account Balance

Singapore: Current Account Balance

Mnemonic TAB.ISGP
Unit Mil. SGD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 12.39 %
Data 2020 Q2 17,966
2020 Q1 15,985

Series Information

Source Singapore Department of Statistics (DOS)
Release Balance of Payments
Frequency Quarterly
Start Date 3/31/1986
End Date 6/30/2020

Singapore: Trade

Reference Last Previous Units Frequency
Balance of Goods 2020 Q2 29,850 26,619 Mil. SGD, NSA Quarterly
Current Account Balance 2020 Q2 17,966 15,985 Mil. SGD, NSA Quarterly
Exports of Goods 2020 Q2 124,482 142,550 Mil. SGD, NSA Quarterly
Exports of Goods and Services 2020 Q2 179,897 208,511 Mil. SGD, NSA Quarterly
Imports of Goods 2020 Q2 94,631 115,930 Mil. SGD, NSA Quarterly
Imports of Goods and Services 2020 Q2 146,244 180,012 Mil. SGD, NSA Quarterly
Net Exports 2020 Q2 33,653 28,498 Mil. SGD, NSA Quarterly
Real Imports of Goods and Services 2020 Q2 153,078 181,304 Mil. Ch. 2015 SGD, NSA Quarterly
Real Net Exports 2020 Q2 31,975 27,162 Mil. Ch. 2015 SGD, SA Quarterly
Real Exports of Goods and Services 2017 843,207,200,000 810,026,400,000 NCU Annual

Release Information

Singapore's balance of payments. The data is expressed in Mil. SGD and is not seasonally adjusted.

The BOP records economic transactions between residents and non-residents. The residence of an entity is the economic territory with which it has the strongest connection, determined by its centre of predominant economic interest. Cross-border transactions are recorded on an accrual basis and occur when there is change of economic ownership, a term introduced in BPM6 taking into account the risks and rewards of ownership. While BPM5 allowed for exceptions to the change of ownership principle (e.g. in relation to goods for processing and migrants’ transfers), such exceptions have been eliminated from the guidelines set out in BPM6.

For full detail, users can refer to this link:

The data was revised in 2010 by the Department of Statistics. In March 2012, the DOS revised its BOP statistics to BPM6 (In accordance with the IMF standards). The source revises the history each year with the release of the Annual Economic Survey of Singapore every February.