Singapore Q4 Current Account Surplus Hits Record High

Singapore’s current account surplus widened to SGD 40.24 billion in the fourth quarter of 2025, up from SGD 33.95 billion in the same period of 2024. It was the largest surplus on record since the data began in 1986, as the goods account surplus increased to SGD 64.60 billion from SGD 62.09 billion a year earlier, amid a surge in exports, while the services account surplus rose to SGD 11.11 billion from SGD 10.57 billion. Additionally, the primary income deficit narrowed to SGD 32.75 billion from SGD 36.34 billion over the same period. Meanwhile, the secondary income deficit rose to SGD 2.72 billion from SGD 2.37 billion. For the full year of 2025, the country posted a current account surplus of SGD 131.96 billion, widening slightly from SGD 131.67 billion in 2024.