Singapore - Current Account Balance

Singapore: Current Account Balance

Mnemonic TAB.ISGP
Unit Mil. SGD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 13.66 %
Data 2020 Q4 19,622
2020 Q3 22,727

Series Information

Source Singapore Department of Statistics (DOS)
Release Balance of Payments
Frequency Quarterly
Start Date 3/31/1986
End Date 12/31/2020

Singapore: Trade

Reference Last Previous Units Frequency
Balance of Goods 2020 Q4 30,587 34,457 Mil. SGD, NSA Quarterly
Current Account Balance 2020 Q4 19,622 22,727 Mil. SGD, NSA Quarterly
Exports of Goods 2020 Q4 150,170 140,673 Mil. SGD, NSA Quarterly
Exports of Goods and Services 2020 Q4 216,253 204,537 Mil. SGD, NSA Quarterly
Imports of Goods 2020 Q4 119,583 106,216 Mil. SGD, NSA Quarterly
Imports of Goods and Services 2020 Q4 178,783 163,309 Mil. SGD, NSA Quarterly
Net Exports 2020 Q4 37,469 41,227 Mil. SGD, NSA Quarterly
Real Imports of Goods and Services 2020 Q4 181,283 166,751 Mil. Ch. 2015 SGD, NSA Quarterly
Real Net Exports 2020 Q4 37,084 37,493 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.

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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.