Singapore - External balance on goods and services
External balance on goods and services (current US$)
The latest value for External balance on goods and services (current US$) in Singapore was $108,521,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $108,521,000,000 in 2020 and ($823,737,700) in 1980.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | ($96,236,770) |
| 1961 | ($111,296,200) |
| 1962 | ($85,946,690) |
| 1963 | ($133,738,400) |
| 1964 | ($97,118,780) |
| 1965 | ($107,866,200) |
| 1966 | ($79,184,630) |
| 1967 | ($90,977,390) |
| 1968 | ($78,139,290) |
| 1969 | ($156,801,200) |
| 1970 | ($365,020,300) |
| 1971 | ($461,126,400) |
| 1972 | ($423,869,900) |
| 1973 | ($334,720,000) |
| 1974 | ($784,365,600) |
| 1975 | ($525,462,700) |
| 1976 | ($438,999,700) |
| 1977 | ($97,013,110) |
| 1978 | ($280,027,900) |
| 1979 | ($525,813,500) |
| 1980 | ($823,737,700) |
| 1981 | ($483,794,100) |
| 1982 | ($294,694,000) |
| 1983 | $103,878,500 |
| 1984 | ($38,570,750) |
| 1985 | $57,428,160 |
| 1986 | $489,841,400 |
| 1987 | $620,924,000 |
| 1988 | $2,425,784,000 |
| 1989 | $3,356,887,000 |
| 1990 | $3,633,544,000 |
| 1991 | $6,003,531,000 |
| 1992 | $6,328,422,000 |
| 1993 | $5,990,593,000 |
| 1994 | $11,915,940,000 |
| 1995 | $14,736,980,000 |
| 1996 | $15,768,510,000 |
| 1997 | $14,747,640,000 |
| 1998 | $18,428,060,000 |
| 1999 | $14,672,860,000 |
| 2000 | $11,852,960,000 |
| 2001 | $14,812,800,000 |
| 2002 | $17,051,210,000 |
| 2003 | $27,295,660,000 |
| 2004 | $30,345,990,000 |
| 2005 | $38,200,190,000 |
| 2006 | $45,647,110,000 |
| 2007 | $56,581,120,000 |
| 2008 | $40,001,840,000 |
| 2009 | $45,620,080,000 |
| 2010 | $63,099,520,000 |
| 2011 | $76,980,210,000 |
| 2012 | $71,488,590,000 |
| 2013 | $71,092,630,000 |
| 2014 | $73,800,340,000 |
| 2015 | $84,078,410,000 |
| 2016 | $83,422,580,000 |
| 2017 | $90,775,440,000 |
| 2018 | $108,209,000,000 |
| 2019 | $105,828,000,000 |
| 2020 | $108,521,000,000 |
External balance on goods and services (current LCU)
The value for External balance on goods and services (current LCU) in Singapore was 149,727,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 149,727,000,000 in 2020 and a minimum value of -1,927,500,000 in 1974.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | -294,600,000 |
| 1961 | -340,700,000 |
| 1962 | -263,100,000 |
| 1963 | -409,400,000 |
| 1964 | -297,300,000 |
| 1965 | -330,200,000 |
| 1966 | -242,400,000 |
| 1967 | -278,500,000 |
| 1968 | -239,200,000 |
| 1969 | -480,000,000 |
| 1970 | -1,117,400,000 |
| 1971 | -1,411,600,000 |
| 1972 | -1,293,100,000 |
| 1973 | -941,400,000 |
| 1974 | -1,927,500,000 |
| 1975 | -1,280,500,000 |
| 1976 | -1,041,000,000 |
| 1977 | -239,700,000 |
| 1978 | -683,100,000 |
| 1979 | -1,195,700,000 |
| 1980 | -1,791,300,000 |
| 1981 | -1,035,900,000 |
| 1982 | -622,600,000 |
| 1983 | 222,300,000 |
| 1984 | -81,500,000 |
| 1985 | 122,500,000 |
| 1986 | 1,077,700,000 |
| 1987 | 1,352,000,000 |
| 1988 | 5,108,700,000 |
| 1989 | 6,755,400,000 |
| 1990 | 7,086,500,000 |
| 1991 | 10,371,100,000 |
| 1992 | 10,309,000,000 |
| 1993 | 9,679,600,000 |
| 1994 | 18,200,400,000 |
| 1995 | 20,888,200,000 |
| 1996 | 22,233,600,000 |
| 1997 | 21,897,300,000 |
| 1998 | 30,841,200,000 |
| 1999 | 24,870,500,000 |
| 2000 | 20,434,500,000 |
| 2001 | 26,540,100,000 |
| 2002 | 30,531,900,000 |
| 2003 | 47,554,500,000 |
| 2004 | 51,290,800,000 |
| 2005 | 63,580,400,000 |
| 2006 | 72,528,700,000 |
| 2007 | 85,273,400,000 |
| 2008 | 56,598,600,000 |
| 2009 | 66,354,400,000 |
| 2010 | 86,036,200,000 |
| 2011 | 96,825,700,000 |
| 2012 | 89,339,300,000 |
| 2013 | 88,958,200,000 |
| 2014 | 93,512,400,000 |
| 2015 | 115,591,000,000 |
| 2016 | 115,248,000,000 |
| 2017 | 125,352,000,000 |
| 2018 | 145,952,000,000 |
| 2019 | 144,370,000,000 |
| 2020 | 149,727,000,000 |
External balance on goods and services (constant LCU)
The value for External balance on goods and services (constant LCU) in Singapore was 143,759,000,000 as of 2020. As the graph below shows, over the past 5 years this indicator reached a maximum value of 143,759,000,000 in 2020 and a minimum value of 114,474,000,000 in 2016.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2015 | 115,591,000,000 |
| 2016 | 114,474,000,000 |
| 2017 | 118,310,000,000 |
| 2018 | 129,110,000,000 |
| 2019 | 128,855,000,000 |
| 2020 | 143,759,000,000 |
External balance on goods and services (% of GDP)
External balance on goods and services (% of GDP) in Singapore was 31.92 as of 2020. Its highest value over the past 60 years was 31.92 in 2020, while its lowest value was -20.37 in 1971.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | -13.66 |
| 1961 | -14.56 |
| 1962 | -10.40 |
| 1963 | -14.57 |
| 1964 | -10.86 |
| 1965 | -11.07 |
| 1966 | -7.22 |
| 1967 | -7.35 |
| 1968 | -5.48 |
| 1969 | -9.45 |
| 1970 | -19.01 |
| 1971 | -20.37 |
| 1972 | -15.58 |
| 1973 | -9.06 |
| 1974 | -15.02 |
| 1975 | -9.33 |
| 1976 | -6.94 |
| 1977 | -1.47 |
| 1978 | -3.73 |
| 1979 | -5.66 |
| 1980 | -6.92 |
| 1981 | -3.41 |
| 1982 | -1.83 |
| 1983 | 0.58 |
| 1984 | -0.20 |
| 1985 | 0.30 |
| 1986 | 2.64 |
| 1987 | 2.97 |
| 1988 | 9.56 |
| 1989 | 11.02 |
| 1990 | 10.05 |
| 1991 | 13.20 |
| 1992 | 12.14 |
| 1993 | 9.88 |
| 1994 | 16.17 |
| 1995 | 16.78 |
| 1996 | 16.38 |
| 1997 | 14.73 |
| 1998 | 21.50 |
| 1999 | 17.01 |
| 2000 | 12.34 |
| 2001 | 16.50 |
| 2002 | 18.43 |
| 2003 | 27.95 |
| 2004 | 26.38 |
| 2005 | 29.89 |
| 2006 | 30.71 |
| 2007 | 31.27 |
| 2008 | 20.66 |
| 2009 | 23.50 |
| 2010 | 26.31 |
| 2011 | 27.56 |
| 2012 | 24.23 |
| 2013 | 23.11 |
| 2014 | 23.44 |
| 2015 | 27.30 |
| 2016 | 26.17 |
| 2017 | 26.44 |
| 2018 | 28.78 |
| 2019 | 28.27 |
| 2020 | 31.92 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
