Singapore current account to gdp

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Singapore current account to gdp: 19.8 (10%)
Last Update: December 31, 2023

Singapore current account to gdp closed down 19.8 as of December 31, 2023 from 18 from the previous month and 21.6 from last year.


Singapore current account to gdp Analytics & Data




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Singapore current account to gdp closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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Singapore current account to gdp

DateValues
2023-12-31 19.8
2022-12-31 18
2021-12-31 18
2020-12-31 16.8
2019-12-31 16.9
2018-12-31 17.7
2017-12-31 16
2016-12-31 17.5
2015-12-31 16.9
2014-12-31 17.9
2013-12-31 15.8
2012-12-31 16.9
2011-12-31 21.6
2010-12-31 23.4
2009-12-31 16.8
2008-12-31 14.5
2007-12-31 26.1
2006-12-31 25.1
2005-12-31 22.1
2004-12-31 18.2
2003-12-31 22.8
2002-12-31 13.5
2001-12-31 13.9
2000-12-31 10.8

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Singapore current account to gdp Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
current account to gdpsg.currentaccountgdp19.81810-8UPDown02023-12-31

Singapore current account to gdp Factors

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Singapore current account to gdp Historical Data

The MacroVar database offers free access to historical data for the Singapore current account to gdp, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Singapore current account to gdp data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Singapore current account to gdp

Singapore's current account to GDP ratio is a crucial indicator of the country's economic health and its ability to finance its imports and exports. A positive current account balance signifies that the country is earning more from its exports than it is spending on imports, which is typically seen as a sign of economic strength. Singapore has historically maintained a healthy current account surplus, thanks to its strong export-oriented economy and prudent fiscal policies. This surplus allows the country to accumulate foreign reserves, which can be used to weather economic downturns or invest in future growth opportunities. Overall, a high current account to GDP ratio is indicative of Singapore's strong position in the global economy and its ability to sustain long-term economic growth.

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