Singapore's external balance on goods and services (current LCU) was 279.47 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 141.77% from 115.59 billion in 2015 (9.23% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 279.47 billion | 2025 |
| Five years earlier | 151.58 billion | 2020 |
| Ten years earlier | 115.59 billion | 2015 |
| Highest | 281.99 billion | 2022 |
| Lowest | -1.93 billion | 1974 |
| Average since 2016 | 200.1 billion | 2016–2025 |
| First recorded | -294.6 million |
What the numbers say
In 2025, Singapore's external balance on goods and services (current LCU) rose 3.8 billion on 2024 (from 275.67 billion to 279.47 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +8.58 billion and a typical year strayed about 19.56 billion from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 69.92 billion in 2022 and the biggest yearly fall was 28.67 billion in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 21.12 billion a year. A straight line explains 89% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Singapore had the 24th highest value of the 137 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Singapore in the 2025 ranking
- Czechia — 21st of 137: 500.62 billion
- Congo, Rep. — 22nd of 137: 415.27 billion
- Denmark — 23rd of 137: 337.27 billion
- Ireland — 25th of 137: 256.59 billion
- Macao SAR, China — 26th of 137: 189.92 billion
- Uruguay — 27th of 137: 155.59 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 66 values
| Year | External balance on goods and services (current LCU) |
|---|---|
| 2025 | 279,469,200,000 |
| 2024 | 275,673,500,000 |
| 2023 | 255,057,300,000 |
| 2022 | 281,993,700,000 |
| 2021 | 212,072,900,000 |
| 2020 | 151,580,600,000 |
| 2019 | 150,966,800,000 |
| 2018 | 151,421,000,000 |
| 2017 | 126,393,200,000 |
| 2016 | 116,341,900,000 |
External balance on goods and services (current LCU) in nearby economies
- American Samoa — -268 million (2022)
- Australia — 16.32 billion (2025)
- Brunei Darussalam — 3.84 billion (2025)
- Cambodia — 2.48 trillion (2025)
- China — 5.87 trillion (2025)
- Fiji — -1.37 billion (2024)
- French Polynesia — -194.1 billion (2024)
- Guam — -3.88 billion (2022)
- Hong Kong SAR, China — 95.62 billion (2025)
More economic policy & debt data for Singapore
- Total reserves, including gold (current US$) — US$432.11 billion (2025)
- Total reserves, excluding gold (current US$) — US$404.93 billion (2025)
- General government final consumption expenditure (current US$) — US$61.91 billion (2025)
- General government final consumption expenditure (current LCU) — 80.94 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$45.72 billion (2025)
- General government final consumption expenditure (constant LCU) — 62.86 billion (2025)
- General government final consumption expenditure (% of GDP) — 10.25% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$187.74 billion (2025)
Reading data like this
Questions people ask
- What is Singapore's external balance on goods and services (current LCU)?
- 279.47 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 94,964% from -294.6 million in 1960. The highest value was 281.99 billion in 2022 and the lowest -1.93 billion in 1974.
- How does Singapore rank?
- 24th highest of 137 economies with data for 2025.
- Is the latest change in external balance on goods and services (current LCU) unusual for Singapore?
- In 2025, Singapore's external balance on goods and services (current LCU) rose 3.8 billion on 2024 (from 275.67 billion to 279.47 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +8.58 billion and a typical year strayed about 19.56 billion from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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