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Balance of Payments

The balance of payments summarises all economic transactions between residents of an economy and non-residents (i.e. the rest of the world). It comprises international trade in goods and services, primary and secondary income flows, as well as capital and financial flows. It is used to assess the external performance of an economy and to formulate policies associated with it.

Singapore’s balance of payments estimates are compiled in accordance with the principles and recommendations set out in the International Monetary Fund’s Balance of Payments and International Investment Position Manual. The structure and classification of Singapore’s Balance of Payments accounts follow the sixth edition of the manual.

Studies to improve the balance of payments estimates are continual and the estimates are revised as and when appropriate.

The balance of payments estimates are compiled mainly from trade and shipping statistics, regular surveys of companies and administrative records of government departments and statutory authorities.

Data

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Key Indicators
Items Unit Latest Period Latest Data % Change
(Y‑o‑Y) 1/
Previous
Period Data
% Change
(Y‑o‑Y) 2/
Balance of Payments            
Balance of Payments S$m Q2/21 21,668.7 -52.1 32,229.6 360.7
Current Account Balance S$m Q2/21 25,642.0 25.4 24,423.0 24.1

Exports of Goods and Services

S$m Q2/21 228,780.1 22.3 218,388.9 -0.2

Imports of Goods and Services

S$m Q2/21 185,531.6 25.1 182,187.7 -2.4

Primary Income Balance

S$m Q2/21 -15,083.5 3.9 -9,503.9 6.0

Secondary Income Balance

S$m Q2/21 -2,523.0 6.8 -2,274.3 4.3
Capital and Financial Account Balance 3/ S$m Q2/21 5,086.1 na -8,011.3 na
Reserve Assets S$m Q2/21 21,668.7 -52.1 32,229.6 360.7
Official Foreign Reserves US$m Aug-21 418,146.9 27.7 407,736.3 26.9

Balance of Payments

Title : Singapore's Balance Of Payments, (BPM6 Format), Annual

Million Dollars

Data Items

2013
2014
2015
2016
2017
2018
2019
2020

D Overall Balance (A-B+C)

22,730.9
8,617.8
1,500.7
-2,455.3
37,841.2
16,924.5
-11,442.8
103,316.5

A Current Account Balance

60,452.3
71,612
79,154.5
77,383.1
81,863.5
78,144.4
72,844.3
82,488.8

Goods Balance

98,574.6
109,846.8
127,267.9
124,304.2
139,509.5
137,015.2
132,107.2
129,203.1

Exports Of Goods

573,077.2
570,951.4
544,736.4
515,602.1
575,081.4
619,050.6
602,070.9
567,948.2

Imports Of Goods

474,502.6
461,104.6
417,468.5
391,297.9
435,571.9
482,035.4
469,963.7
438,745.1

Services Balance

-9,616.4
-16,334.4
-11,676.9
-9,055.9
-14,157.7
8,937.1
12,262.7
20,524

Exports Of Services

177,719.3
194,843.2
210,622.7
209,886.9
236,078.4
278,869.8
296,277.4
258,790.5

Manufacturing Services On Physical Inputs Owned By Others

283.2
424.4
346.5
284.8
243.2
375.7
257.9
228.9

Maintenance And Repair Services

10,767.2
9,853.1
9,315.2
8,537.7
8,216.1
10,051.2
10,243.1
7,427.3

Transport

57,830.9
63,918.8
64,097.1
57,068.8
66,582.9
82,591.7
85,215.4
73,294.9

Freight

45,929.4
50,917.2
50,798.1
43,503.4
51,168
65,671.9
68,244.2
64,326.9

Others

11,901.5
13,001.6
13,299
13,565.4
15,414.9
16,919.8
16,971.2
8,968

Travel

24,063.3
24,277.4
22,845.5
26,170.4
27,467.1
27,546.6
27,695.7
7,159.6

Insurance

3,634.5
4,241.5
5,312.7
6,076.7
6,730.6
9,031.7
8,921.5
9,194.4

Government Goods And Services

391.5
395.3
397
404.8
408.9
413.5
419.2
418.8

Construction

2,135.6
1,474.4
1,172.2
1,363.2
1,060.6
1,563.8
1,742.1
1,116.5

Financial

23,611.1
26,664.5
28,879.7
30,062.5
34,684.5
38,479.9
42,070.8
43,611.1

Telecommunications, Computer & Information

9,552.3
10,094.6
12,199
16,773
18,476.9
22,249.7
21,138.8
21,163.7

Charges For The Use Of Intellectual Property

4,272.5
4,953.5
11,894.1
9,711.8
10,772.2
11,528.4
11,582.7
11,424.5

Personal, Cultural And Recreational

636.5
801.4
852.8
752.4
674.3
994.6
1,351.5
1,316.7

Other Business Services

40,540.7
47,744.3
53,310.9
52,680.8
60,761.1
74,043
85,638.7
82,434.1

Accounting

400.3
332.2
307.3
321.5
305.2
331.9
416.7
412.1

Advertising And Market Research

4,770.1
7,954.3
10,231.9
10,820.7
17,956.6
23,992.3
30,433.7
33,016.1

Architectural

312.5
389.6
382
351.3
354.7
333.3
325.9
275.5

Business Management

20,139.2
21,122.2
23,455.8
23,650.2
24,262.9
27,204.1
27,963.7
24,416

Engineering And Technical

5,059.4
6,021
5,183.1
4,717.9
3,915
4,747.8
7,164.3
6,765.1

Legal

643.4
676.8
766.8
870.8
975.1
990
1,005.2
946.9

Research And Development

1,148.6
914.6
1,054.5
944.4
1,080.3
1,033.8
981.5
965.7

Operating Leasing

3,738.2
4,902.5
5,883.3
5,402.8
4,786
5,400.2
5,942.8
4,798.8

Trade-related

3,928.1
4,899.9
5,469.1
4,855.5
6,291.6
9,084.2
10,211
9,783.6

Others

400.9
531.2
577.1
745.7
833.7
925.4
1,193.9
1,054.3

Imports Of Services

187,335.7
211,177.6
222,299.6
218,942.8
250,236.1
269,932.7
284,014.7
238,266.5

Manufacturing Services On Physical Inputs Owned By Others

6,500.5
7,846.8
8,341.2
7,689.7
8,127.8
7,321.1
7,189.5
6,755.2

Maintenance And Repair Services

845.2
880.7
929.3
924.1
821.7
1,118.1
1,159
962.5

Transport

49,280.7
57,822.3
65,611.6
59,884
70,314.3
84,180.3
88,135.5
72,588.8

Freight

29,938.6
36,584.5
43,581.5
37,807.2
47,356.6
55,818.1
58,567.1
52,482.6

Others

19,342.1
21,237.8
22,030.1
22,076.8
22,957.7
28,362.2
29,568.4
20,106.2

Travel

30,540.3
32,368.7
32,524.9
33,108.7
34,521.1
35,763.2
37,274.2
9,420.4

Insurance

4,257.3
3,609.4
4,376.7
6,032.5
5,548.7
6,652.5
7,552.5
7,336

Government Goods And Services

287
295.1
274.7
310.3
293.4
311.5
315.6
288.1

Construction

679.8
497.6
466.9
514.1
519.9
742.4
643.3
409.9

Financial

4,647.2
5,502
6,194
6,363.4
7,691
8,852.2
9,833
11,199.9

Telecommunications, Computer & Information

11,792.6
20,311.2
14,932.2
17,648.6
20,806.6
19,843.1
22,807.9
24,065

Charges For The Use Of Intellectual Property

28,769.9
26,452.9
26,672
21,638.8
21,701
22,984.6
23,481.3
23,245.9

Personal, Cultural And Recreational

584.1
625.3
685.2
542.3
582.9
654.9
716.3
691.2

Other Business Services

49,151.1
54,965.6
61,290.9
64,286.3
79,307.7
81,508.8
84,906.6
81,303.6

Accounting

260.1
290.8
331
392
404.8
527
616.1
569.1

Advertising And Market Research

3,101.4
3,418.6
3,808.8
4,258.7
7,983
10,159.8
13,608
14,121.8

Architectural

78.8
56.9
46.9
72
55.5
65.1
51.8
48.2

Business Management

15,750.8
17,318.3
18,749.9
21,742.8
23,628.7
26,205.5
29,408.8
27,965.9

Engineering And Technical

2,755.6
3,336.6
3,286.9
3,323.5
3,186.4
3,252.3
4,189.5
4,048.4

Legal

262.6
298.7
315.4
336.8
348
393.9
434.8
417.4

Research And Development

11,677.6
10,651.6
17,126.5
14,544.7
22,357
18,821.8
17,456.1
16,295.8

Operating Leasing

4,437.6
7,581.7
5,177.4
5,074.7
5,601.6
5,896.1
5,680.5
4,596.8

Trade-related

10,573.2
11,747.5
12,097
14,146
15,371.5
15,855.7
13,117.6
12,939

Others

253.4
264.9
351.1
395.1
371.2
331.6
343.4
301.2

Primary Income Balance

-20,729.9
-13,877.9
-28,892.8
-27,858.8
-36,110
-58,755.8
-61,027.3
-57,339.3

Primary Income Receipts

84,661.7
90,129.7
98,544.7
108,049.3
136,537.2
146,745.1
148,675.4
137,115

Primary Income Payments

105,391.6
104,007.6
127,437.5
135,908.1
172,647.2
205,500.9
209,702.7
194,454.3

Secondary Income Balance

-7,776
-8,022.5
-7,543.7
-10,006.4
-7,378.3
-9,052.1
-10,498.3
-9,899

Secondary Income Receipts

12,548.7
12,431.1
13,549.1
14,727.9
14,212.3
23,031.7
26,082.1
26,259.3

Secondary Income Payments

20,324.7
20,453.6
21,092.8
24,734.3
21,590.6
32,083.8
36,580.4
36,158.3

B Capital & Financial Account Balance * The capital account is consolidated under the financial account. Decrease in assets and liabilities, and net inflows in net balances, are indicated by a minus (-) sign.

40,184.5
59,919.4
72,054.7
78,617
47,287.7
61,245.2
84,270.5
-19,851.9

Financial Account (Net)

40,184.5
59,919.4
72,054.7
78,617
47,287.7
61,245.2
84,270.5
-19,851.9

Direct Investment

-23,913.2
-20,552.8
-33,753.8
-41,107.6
-49,580
-82,381.4
-95,302
-75,981.9

Assets

56,657.4
66,491.6
62,174
52,716
89,598.4
29,721.9
68,996.5
44,669.8

Liabilities

80,570.6
87,044.4
95,927.8
93,823.6
139,178.4
112,103.3
164,298.5
120,651.7

Portfolio Investment

80,128.2
58,961.1
84,760.1
19,970.3
27,224.1
66,149.1
145,217
71,028.3

Assets

77,737.7
62,383.9
76,187
35,811.9
57,048.5
47,165
150,972
70,738.9

Deposit-taking Corporations, Except The Central Bank

21,614.5
21,227.4
2,389.6
-14,309.5
22,612.5
-15,181.3
33,380.9
-7,022.4

Official

15,413.5
20,108.5
25,023.9
26,237.3
33,943.9
38,875.3
82,468.7
41,964.5

Others

40,709.7
21,048
48,773.5
23,884.1
492.1
23,471
35,122.4
35,796.8

Liabilities

-2,390.5
3,422.8
-8,573.1
15,841.6
29,824.4
-18,984.1
5,755
-289.4

Deposit-taking Corporations, Except The Central Bank

6,704.6
11,447.5
-5,462.5
14,047.6
10,695
202
253.7
-6,029.6

Others

-9,095.1
-8,024.7
-3,110.6
1,794
19,129.4
-19,186.1
5,501.3
5,740.2

Financial Derivatives

-16,409.3
-3,616.3
-7,582.7
16,716.6
11,351.8
28,376.4
12,893.2
19,094.6

Assets

-13,204
5,156.4
-11,227.7
9,210.4
-1,472.7
7,318.6
15,003.2
18,908.9

Liabilities

3,205.3
8,772.7
-3,645
-7,506.2
-12,824.5
-21,057.8
2,110
-185.7

Other Investment

378.8
25,127.4
28,631.1
83,037.7
58,291.8
49,101.1
21,462.3
-33,992.9

Assets

122,472.6
93,189.1
36,516.1
124,720.3
103,504.3
149,480.6
78,917
94,558.6

Deposit-taking Corporations, Except The Central Bank

80,780.8
50,392.5
22,100.2
33,901.8
19,182.9
81,488.8
30,688.2
120,129.8

Official

37,030.3
22,029.4
14,679.3
59,684
68,541.7
60,303
63,741.1
-3,342.9

Others

4,661.5
20,767.2
-263.4
31,134.5
15,779.7
7,688.8
-15,512.3
-22,228.3

Liabilities

122,093.8
68,061.7
7,885
41,682.6
45,212.5
100,379.5
57,454.7
128,551.5

Deposit-taking Corporations, Except The Central Bank

108,742.1
52,241.7
-1,340.2
13,786
34,140.7
67,151.5
27,540.7
74,186.3

Others

13,351.7
15,820
9,225.2
27,896.6
11,071.8
33,228
29,914
54,365.2

C Net Errors & Omissions

2,463.1
-3,074.8
-5,599.1
-1,221.4
3,265.4
25.3
-16.6
975.8

E Reserve Assets

22,730.9
8,617.8
1,500.7
-2,455.3
37,841.2
16,924.5
-11,442.8
103,316.5

Special Drawing Rights

56.6
-19.8
39.8
-271.2
-23.1
11
-8.1
40.7

Reserves Position In The IMF

181
-212.6
-231.6
589.1
-358.5
363.8
185.4
536.2

Foreign Exchange Assets

22,493.3
8,850.2
1,692.5
-2,773.2
38,222.8
16,549.7
-11,620.1
102,739.6
SOURCE : SINGAPORE DEPARTMENT OF STATISTICS

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International Investment Position

The international investment position (IIP) is a statistical statement that shows, at a point in time, the value and composition of financial assets and liabilities of residents of an economy with non-residents. The net IIP, or the net worth of an economy, is the difference between its external financial assets and its liabilities, plus the value of non-financial assets.

The IIP is related to the financial account of the balance of payments. While the financial account shows net acquisition and disposal of financial assets and liabilities during a period, the IIP records the stock of financial assets and liabilities at a specific point in time. Due to this relationship, both the IIP and financial account of the balance of payments use functional categories as the highest level of classification. These functional categories are direct investment, portfolio investment, financial derivatives, other investment, and reserve assets.

Singapore’s IIP estimates are compiled based on the principles recommended in the International Monetary Fund’s Balance of Payments and International Investment Position Manual, Sixth edition

Data

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View latest data:

Key Indicators
SDDS Data Category and Component Unit Description Observations % change Data Source/
Links to Data
In Latest data in Latest-1 data
Date of Latest Latest data Latest-1 data (over same period in previous year)
External Sector
International Investment Position #/ DOS
Singapore External Assets S$m
Q1/21
6,248,368.1
6,118,398.1
4.4
9.0

*Direct Investment S$m
Q1/21
1,661,054.2
1,613,849.3
8.9
8.6

*Portfolio Investment S$m
Q1/21
2,135,853.6
2,090,193.8
12.8
6.5

Equity and Investment Fund Shares S$m
Q1/21
1,152,184.4
1,113,629.1
29.3
9.3

Debt Securities S$m
Q1/21
983,669.2
976,564.7
-1.9
3.5

*Financial Derivatives S$m
Q1/21
145,837.3
138,527.4
-12.8
-2.3

*Other Investment S$m
Q1/21
1,795,378.6
1,796,987.5
-10.3
9.0

*Reserve Assets 1/ S$m
Q1/21
510,244.4
478,840.1
28.4
27.4

Singapore External Liabilities S$m
Q1/21
4,853,904.9
4,734,713.5
2.2
3.6

*Direct Investment S$m
Q1/21
2,498,248.7
2,452,985.1
8.2
4.0

*Portfolio Investment S$m
Q1/21
378,443.5
345,559.3
19.2
-6.9

Equity and Investment Fund Shares S$m
Q1/21
286,873.7
253,726.3
29.2
-8.2

Debt Securities S$m
Q1/21
91,569.8
91,833.0
-4.0
-3.2

*Financial Derivatives S$m
Q1/21
159,371.1
150,902.9
-9.7
1.0

*Other Investment S$m
Q1/21
1,817,841.6
1,785,266.2
-6.7
5.7

Net International Investment Position S$m
Q1/21
1,394,463.2
1,383,684.6
12.9
32.2

International Investment Position

Title : Singapore International Investment Position, (End Of Period), Annual

Million Dollars

Data Items

2013
2014
2015
2016
2017
2018
2019
2020

Net International Investment Position

767,047.1
781,174.7
914,909.5
1,037,271.1
1,078,408.3
954,146.5
1,047,036.3
1,383,684.6

External Assets

3,706,455.6
4,042,111.6
4,354,513.3
4,654,020.9
5,076,170.1
5,214,280.6
5,615,685.1
6,118,398.1

Direct Investment

787,907.2
899,906.6
1,046,666.9
1,201,491.2
1,390,775.3
1,389,865.1
1,486,309.1
1,613,849.3

Equity And Investment Fund Shares

554,805.8
659,619.8
752,986.1
876,098.7
972,257.5
974,477.9
1,061,220
1,181,864.1

Debt Instruments

233,101.4
240,286.8
293,680.8
325,392.5
418,517.8
415,387.2
425,089.1
431,985.2

Portfolio Investment

1,154,112.1
1,264,242.9
1,368,941.2
1,488,832.3
1,691,048.5
1,685,643.6
1,962,556.8
2,090,193.8

Equity And Investment Fund Shares

592,231.9
636,568.8
692,311
751,977.1
877,721.9
850,491.9
1,018,646.3
1,113,629.1

Debt Securities

561,880.2
627,674.1
676,630.2
736,855.2
813,326.6
835,151.7
943,910.5
976,564.7

Financial Derivatives

110,404.2
147,167.9
134,603.2
125,472.4
91,015.1
118,999.5
141,731.3
138,527.4

Other Investment

1,309,302.9
1,390,356.1
1,453,311.2
1,481,971.1
1,529,337.2
1,627,676.6
1,649,305.4
1,796,987.5

Trade Credits And Advances

176,719.8
185,538.9
177,250.2
161,376.1
184,456.6
177,376.3
162,386.4
161,652.4

Loans

342,060.5
397,430.3
415,744.7
407,652.4
471,066.8
501,040.5
521,565.8
530,098.2

Currency And Deposits

679,060
668,372.3
703,111.7
756,983.5
748,673.7
782,588.8
776,416.6
836,395.3

Insurance Technical Reserves

10,672.7
14,977.3
16,292.9
18,907.9
18,270
27,601.1
30,091.6
32,775.5

Other Accounts Receivable

100,789.9
124,037.3
140,911.7
137,051.2
106,870.1
139,069.9
158,845
236,066.1

Reserve Assets * Assets held by the Monetary Authority of Singapore.

344,729.2
340,438.1
350,990.8
356,253.9
373,994
392,095.8
375,782.5
478,840.1

Special Drawing Rights

1,697.7
1,677.9
1,717.7
1,446.4
1,423.3
1,434.2
1,426.1
1,466.7

Reserve Position In The IMF

1,296.7
1,084.1
852.6
1,441.7
1,083.3
1,447.1
1,632.4
2,168.5

Foreign Exchange Assets

341,734.8
337,676.1
348,420.5
353,365.8
371,487.4
389,214.5
372,724
475,204.9

External Liabilities

2,939,408.5
3,260,936.9
3,439,603.8
3,616,749.8
3,997,761.8
4,260,134.1
4,568,648.8
4,734,713.5

Direct Investment

1,135,746.1
1,358,654.1
1,543,357.5
1,655,993.2
1,959,991.5
2,113,868.5
2,359,252.2
2,452,985.1

Equity And Investment Fund Shares

952,899.5
1,129,391.8
1,290,573.3
1,337,019
1,613,941.3
1,777,471
2,014,394.8
2,119,404.4

Debt Instruments

182,846.6
229,262.3
252,784.2
318,974.2
346,050.2
336,397.5
344,857.4
333,580.7

Portfolio Investment

248,067.2
274,827.5
248,072.9
288,368.5
362,156.2
355,397.7
371,333.5
345,559.3

Equity And Investment Fund Shares

207,951.9
228,760.3
203,933.6
225,275
284,536.1
268,110.4
276,423.9
253,726.3

Debt Securities

40,115.3
46,067.2
44,139.3
63,093.5
77,620.1
87,287.3
94,909.6
91,833

Financial Derivatives

100,445.8
123,238.5
127,941
124,035.3
101,301.6
135,167.7
149,449.6
150,902.9

Other Investment

1,455,149.4
1,504,216.8
1,520,232.4
1,548,352.8
1,574,312.5
1,655,700.2
1,688,613.5
1,785,266.2

Trade Credits And Advances

151,598.2
143,958.2
143,898.2
140,744.7
147,442.1
144,306.7
143,175.9
139,443.2

Loans

109,781.2
115,500.7
127,556.1
146,190.6
133,789.9
143,766.8
146,053.1
157,998.8

Currency And Deposits

1,099,725.5
1,138,588.3
1,121,692.9
1,128,672.9
1,178,721.8
1,226,573.3
1,217,207.2
1,223,947.2

Insurance Technical Reserves

12,982.6
14,042.7
14,763.2
15,802.5
15,577.5
20,870.8
25,390.3
27,116.3

Special Drawing Rights Allocation

1,446.8
1,428.8
1,462.2
1,445.8
1,417.3
1,410.5
1,387.1
1,431.1

Other Accounts Payable

79,615.1
90,698.1
110,859.8
115,496.3
97,363.9
118,772.1
155,399.9
235,329.6
SOURCE : SINGAPORE DEPARTMENT OF STATISTICS

External Debt

Gross external debt, at any given time, is defined as the outstanding amount of current (and not contingent) debt liabilities owed to non-residents by residents of an economy. The external debt position can also be understood as a subset of the IIP, where it is equivalent to total external liabilities of the latter less equity and investment fund shares and financial derivatives.

The compilation of Singapore’s external debt statistics is consistent with the recommendations set out in the International Monetary Fund’s External Debt Statistics Guide (2013).

Data

Please click on the topic to view the available data tables.

View latest data:

Key Indicators
SDDS Data Category and Component Unit Description Observations % change Data Source/
Links to Data
In Latest data in Latest-1 data
Date of Latest Latest data Latest-1 data (over same period in previous year)
External Sector
External Debt 1/ #/ DOS
Direct Investment: Intercompany Loans S$m
Q1/21
328,016.6
333,580.8
-4.1
-3.3

Debt Liabilities of DIE 2/ to Direct Investors S$m
Q1/21
243,299.7
243,404.2
-2.4
-3.6

Debt Liabilities of Direct Investors to DIE 2/ S$m
Q1/21
47,586.7
47,758.0
-0.6
0.3

Debt Liabilities between Fellow Enterprises S$m
Q1/21
37,130.2
42,418.6
-17.6
-5.2

Other Liabilities S$m
Q1/21
1,909,411.4
1,877,099.1
-6.6
5.2

General Government S$m
Q1/21
0.0
0.0
0.0
0.0

Central Bank S$m
Q1/21
1,420.7
1,431.1
-1.9
3.2

Short-term S$m
Q1/21
0.0
0.0
0.0
0.0

Loans S$m
Q1/21
0.0
0.0
0.0
0.0

Debt Securities S$m
Q1/21
0.0
0.0
0.0
0.0

Currency and Deposits 3/ S$m
Q1/21
-
-
-
-

Others S$m
Q1/21
0.0
0.0
0.0
0.0

Long-term S$m
Q1/21
1,420.7
1,431.1
-1.9
3.2

Special Drawing Rights (allocations) S$m
Q1/21
1,420.7
1,431.1
-1.9
3.2

Loans S$m
Q1/21
0.0
0.0
0.0
0.0

Debt Securities S$m
Q1/21
0.0
0.0
0.0
0.0

Others S$m
Q1/21
0.0
0.0
0.0
0.0

Deposit-Taking Corporations S$m
Q1/21
1,470,033.9
1,468,594.2
-9.3
5.7

Short-term S$m
Q1/21
1,262,314.6
1,248,923.8
-7.5
0.4

Loans S$m
Q1/21
0.0
0.0
0.0
0.0

Debt Securities S$m
Q1/21
12,932.1
16,494.3
-37.1
-22.4

Currency and Deposits S$m
Q1/21
1,240,254.4
1,222,659.9
-7.1
0.6

Others S$m
Q1/21
9,128.1
9,769.6
5.4
41.1

Long-term S$m
Q1/21
207,719.3
219,670.6
-18.7
51.1

Loans S$m
Q1/21
0.0
0.0
0.0
0.0

Debt Securities S$m
Q1/21
792.0
682.3
3.5
-11.5

Others S$m
Q1/21
206,927.3
218,988.1
-18.8
51.5

Other Sector S$m
Q1/21
437,956.8
407,073.8
3.8
3.6

Short-term S$m
Q1/21
276,191.5
254,389.8
3.5
2.7

Trade Credits and Advances S$m
Q1/21
147,271.2
139,443.2
1.2
-2.6

Loans S$m
Q1/21
119,606.9
106,903.2
4.4
8.0

Debt Securities S$m
Q1/21
287.0
823.5
-73.7
-4.0

Others S$m
Q1/21
9,026.4
7,219.9
57.7
54.2

Long-term S$m
Q1/21
161,765.3
152,684.0
4.4
5.3

Loans S$m
Q1/21
55,384.2
51,095.7
1.9
8.6

Debt Securities S$m
Q1/21
77,558.7
73,832.8
6.3
2.5

Others S$m
Q1/21
28,822.4
27,755.5
4.3
6.9

Gross External Debt S$m
Q1/21
2,237,428.0
2,210,679.9
-6.2
3.9

Exchange Rate S$ per US$ (as at end-month) 4 / S$ per US$
Aug/21
1.3445
1.3534
-1.0
-1.6
MAS

External Debt

Title : Singapore External Debt Statistics, (End Of Period), Quarterly

Million Dollars

Data Items

2019 2Q
2019 3Q
2019 4Q
2020 1Q
2020 2Q
2020 3Q
2020 4Q
2021 1Q

Gross External Debt

2,136,239
2,155,257.3
2,128,380.6
2,385,449.4
2,258,493.5
2,211,350.7
2,210,679.9
2,237,428

Direct Investment: Intercompany Loans

345,309.9
348,956.6
344,857.5
342,137.2
341,753.8
342,286.7
333,580.8
328,016.6

Debt Liabilities Of DIE To Direct Investors * Refers to direct investment enterprise.

254,335.2
255,203.5
252,493.8
249,173.9
247,635.1
248,767.2
243,404.2
243,299.7

Debt Liabilities Of Direct Investors To DIE * Refers to direct investment enterprise.

47,379.3
47,357.9
47,630.6
47,893.3
48,014.9
47,907.3
47,758
47,586.7

Debt Liabilities Between Fellow Enterprises

43,595.4
46,395.2
44,733.1
45,070
46,103.8
45,612.2
42,418.6
37,130.2

Other Liabilities

1,790,929.1
1,806,300.7
1,783,523.1
2,043,312.2
1,916,739.7
1,869,064
1,877,099.1
1,909,411.4

General Government

0
0
0
0
0
0
0
0

Central Bank

1,400.3
1,402.3
1,387.1
1,448.7
1,429.9
1,434.3
1,431.1
1,420.7

Short-term

0
0
0
0
0
0
0
0

Loans

0
0
0
0
0
0
0
0

Debt Securities

0
0
0
0
0
0
0
0

Currency And Deposits

-
-
-
-
-
-
-
-

Others

0
0
0
0
0
0
0
0

Long-term

1,400.3
1,402.3
1,387.1
1,448.7
1,429.9
1,434.3
1,431.1
1,420.7

Special Drawing Rights (Allocations)

1,400.3
1,402.3
1,387.1
1,448.7
1,429.9
1,434.3
1,431.1
1,420.7

Loans

0
0
0
0
0
0
0
0

Debt Securities

0
0
0
0
0
0
0
0

Others

0
0
0
0
0
0
0
0

Deposit-taking Corporations

1,386,766.9
1,411,021.5
1,389,366.9
1,620,064.3
1,503,878.6
1,458,633.7
1,468,594.2
1,470,033.9

Short-term

1,251,550.5
1,252,011.1
1,244,027.1
1,364,579.1
1,274,017.3
1,233,795.1
1,248,923.8
1,262,314.6

Loans

0
0
0
0
0
0
0
0

Debt Securities

24,197.5
21,534.8
21,255.8
20,564.8
19,677.8
16,314.4
16,494.3
12,932.1

Currency And Deposits * Data are not released due to relatively insignificant value and/or in order to safeguard confidentiality of information provided by individual establishments.

1,220,312.3
1,223,629.2
1,215,848.4
1,335,357.6
1,243,964.5
1,207,112.1
1,222,659.9
1,240,254.4

Others

7,040.7
6,847.1
6,922.9
8,656.7
10,375
10,368.6
9,769.6
9,128.1

Long-term

135,216.4
159,010.4
145,339.8
255,485.2
229,861.3
224,838.6
219,670.4
207,719.3

Loans

0
0
0
0
0
0
0
0

Debt Securities

547
837.7
770.6
765.5
696.9
741.9
682.3
792

Others

134,669.4
158,172.7
144,569.2
254,719.7
229,164.4
224,096.7
218,988.1
206,927.3

Other Sector

402,761.9
393,876.9
392,769.1
421,799.2
411,431.2
408,996
407,073.8
437,956.8

Short-term

264,490.3
254,798
247,739.9
266,874.9
257,436.5
258,072.3
254,389.8
276,191.5

Trade Credits And Advances

164,171.1
157,288.7
143,175.9
145,540.5
137,368.6
141,100.9
139,443.2
147,271.2

Loans

94,034.1
91,712.7
99,022.8
114,522.1
112,671.9
109,305.6
106,903.2
119,606.9

Debt Securities

1,338.9
1,032.6
858.2
1,090
1,133.4
923
823.5
287

Others

4,946.2
4,764
4,683
5,722.3
6,262.6
6,742.8
7,219.9
9,026.4

Long-term

138,271.6
139,078.9
145,029.2
154,924.3
153,994.7
150,923.7
152,684
161,765.3

Loans

45,296.7
44,118.8
47,030.3
54,335.5
53,535.6
52,097.6
51,095.7
55,384.2

Debt Securities

69,510.2
70,604.7
72,025
72,949.8
73,297.4
71,196.9
73,832.8
77,558.7

Others

23,464.7
24,355.4
25,973.9
27,639
27,161.7
27,629.2
27,755.5
28,822.4
SOURCE : SINGAPORE DEPARTMENT OF STATISTICS

Definitions

International Accounts
Balance of Payments View
External Debt View
International Investment Position View

Other References

Balance of Payments
Economic Survey of Singapore View
Methodological Improvements to the Current Account of Singapore’s Balance of Payments View
Singapore's International Accounts: Methodological Updates and Recent Developments View
Implementation of IMF Balance of Payments and International Investment Position Manual, Sixth Edition in Singapore’s Balance of Payments View
Compilation and Reporting of Singapore’s Cross-Border Financial Derivatives View