Singapore - Current Account Balance





Singapore: Current Account Balance

Mnemonic TAB.ISGP
Unit Mil. SGD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 12.19 %
Data 2022 Q1 28,855
2021 Q4 25,720

Series Information

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

Singapore: Trade

Reference Last Previous Units Frequency
Balance of Goods 2022 Q1 40,042 43,076 Mil. SGD, NSA Quarterly
Current Account Balance 2022 Q1 28,855 25,720 Mil. SGD, NSA Quarterly
Exports of Goods 2022 Q1 188,204 186,083 Mil. SGD, NSA Quarterly
Exports of Goods and Services 2022 Q1 268,725 266,583 Mil. SGD, NSA Quarterly
Imports of Goods 2022 Q1 148,161 143,007 Mil. SGD, NSA Quarterly
Imports of Goods and Services 2022 Q1 225,832 223,214 Mil. SGD, NSA Quarterly
Net Exports 2022 Q1 42,892 43,369 Mil. SGD, NSA Quarterly
Real Exports of Goods and Services 2022 Q1 235,574 241,753 Mil. Ch. 2015 SGD, NSA Quarterly
Real Imports of Goods and Services 2022 Q1 199,331 204,642 Mil. Ch. 2015 SGD, NSA Quarterly
Real Net Exports 2022 Q1 38,893 37,185 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.