Singapore - 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

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts