Singapore - Current Account Balance

Singapore: Current Account Balance

Mnemonic TAB.ISGP
Unit Mil. SGD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 25.49 %
Data 2021 Q1 24,625
2020 Q4 19,622

Series Information

Source Singapore Department of Statistics (DOS)
Release Balance of Payments
Frequency Quarterly
Start Date 3/31/1986
End Date 3/31/2021

Singapore: Trade

Reference Last Previous Units Frequency
Balance of Goods 2021 Q1 31,702 30,587 Mil. SGD, NSA Quarterly
Current Account Balance 2021 Q1 24,625 19,622 Mil. SGD, NSA Quarterly
Exports of Goods 2021 Q1 153,847 150,170 Mil. SGD, NSA Quarterly
Exports of Goods and Services 2021 Q1 217,829 216,253 Mil. SGD, NSA Quarterly
Imports of Goods 2021 Q1 122,144 119,583 Mil. SGD, NSA Quarterly
Imports of Goods and Services 2021 Q1 181,183 178,783 Mil. SGD, NSA Quarterly
Net Exports 2021 Q1 36,646 37,469 Mil. SGD, NSA Quarterly
Real Imports of Goods and Services 2021 Q1 179,603 181,283 Mil. Ch. 2015 SGD, NSA Quarterly
Real Net Exports 2021 Q1 38,522 37,084 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.