Singapore - Current Account Balance





Singapore: Current Account Balance

Mnemonic TAB.ISGP
Unit Mil. SGD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 8.98 %
Data 2022 Q3 30,378
2022 Q2 27,873

Series Information

Source Singapore Department of Statistics (DOS)
Release Balance of Payments
Frequency Quarterly
Start Date 3/31/1986
End Date 9/30/2022

Singapore: Trade

Reference Last Previous Units Frequency
Balance of Goods 2022 Q3 44,000 45,299 Mil. SGD, NSA Quarterly
Current Account Balance 2022 Q3 30,378 27,873 Mil. SGD, NSA Quarterly
Exports of Goods 2022 Q3 208,222 206,348 Mil. SGD, NSA Quarterly
Exports of Goods and Services 2022 Q3 297,840 292,506 Mil. SGD, NSA Quarterly
Imports of Goods 2022 Q3 164,222 161,049 Mil. SGD, NSA Quarterly
Imports of Goods and Services 2022 Q3 247,956 242,916 Mil. SGD, NSA Quarterly
Net Exports 2022 Q3 49,883 49,589 Mil. SGD, NSA Quarterly
Real Exports of Goods and Services 2022 Q3 252,598 242,802 Mil. Ch. 2015 SGD, NSA Quarterly
Real Imports of Goods and Services 2022 Q3 213,315 204,641 Mil. Ch. 2015 SGD, NSA Quarterly
Real Net Exports 2022 Q3 37,466 37,236 Mil. Ch. 2015 SGD, SA Quarterly

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: http://www.singstat.gov.sg/docs/default-source/default-document-library/publications/publications_and_papers/international_accounts/op-e28.pdf

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.