Current account and capital flows · Singapore
Singapore Current Account
The Singapore Current Account measures money flowing between Singapore and the rest of the world: trade, income and transfers (current account), or investment in and out of the country.
- Importance
- Low
- Released
- Quarterly
- Next release
- Currency
- SGD · Singapore dollar
- Central bank
- The Monetary Authority of Singapore
Latest figures
The latest release for Q2, published on 12 August 2026, came in at S$37.08B.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 12 Aug 2026 | Q2 | S$37.08B | – | S$40.82B ® |
| 25 May 2026 | Q1 | S$41.09B | – | S$40.24B |
| 12 Feb 2026 | Q4 | S$40.24B | – | S$28.48B ® |
| 21 Nov 2025 | Q3 | S$33.39B | – | S$35.07B ® |
| 12 Aug 2025 | Q2 | S$34.80B | – | S$36.60B ® |
| 22 May 2025 | Q1 | S$34.61B | – | S$28.81B |
| 14 Feb 2025 | Q4 | S$28.81B | – | S$33.89B ® |
Why it matters
A current-account deficit must be financed by foreign capital, which makes a currency vulnerable when investors turn cautious; a surplus country lends to the world. Capital-flow data show whether foreigners are buying the country's bonds and shares. Tourism and remittances are large sources of foreign currency for some economies.
How it is calculated
The balance of payments records every transaction with non-residents: goods, services, income, transfers (current account) and investment (financial account); the two mirror each other.
Current account = trade balance + primary income + secondary income
Current account + capital account + financial account ≈ 0What changes mean
- A deficit above about 4–5% of GDP is often seen as a risk for emerging-market currencies.
- Large foreign purchases of local bonds support the currency.
Higher than expected: A larger surplus or stronger inflows than expected tend to support the Singapore dollar.
Lower than expected: A larger deficit or weaker inflows than expected tend to weigh on the Singapore dollar.
A short history
Balance-of-payments accounting was standardised by the International Monetary Fund after 1945; current-account crises shaped events from the 1990s emerging-market crises to the euro debt crisis.
MAS steers the Singapore dollar's exchange rate rather than an interest rate.
Questions
What is the Singapore Current Account?
The Singapore Current Account measures money flowing between Singapore and the rest of the world: trade, income and transfers (current account), or investment in and out of the country.
What was the latest Singapore Current Account?
S$37.08B for Q2, published on 12 August 2026.
When is the next Singapore Current Account?
On Wednesday 25 November 2026 at 00:00 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.