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Balance of Payments

The balance of payments is a statement that summarises the economic transactions between residents of an economy and non-residents. These transactions occur during a specific time period. It consists of the current account, and the capital and financial account. The former covers cross-border transactions in goods and services, as well as income flows and transfers while the latter records capital and financial flows. The balance of payments 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$m Q2/22 -74,171.8 na -46,101.5 na
Current Account Balance S$m Q2/22 27,464.9 na 28,711.2 na

Exports of Goods and Services

S$m Q2/22 292,192.7 21.0 271,378.4 17.7

Imports of Goods and Services

S$m Q2/22 243,012.7 24.0 229,292.9 17.4

Primary Income Balance

S$m Q2/22 -19,863.4 na -12,499.9 na

Secondary Income Balance

S$m Q2/22 -1,851.7 na -874.4 na
Capital and Financial Account Balance 3/ S$m Q2/22 101,647.3 na 76,023.7 na
Reserve Assets S$m Q2/22 -74,171.8 na -46,101.5 na
Official Foreign Reserves US$m Aug-22 289,411.3 -30.8 288,241.6 -29.3

Balance of Payments

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

Million Dollars

Data Items

2014
2015
2016
2017
2018
2019
2020
2021

D Overall Balance (A-B+C)

8,617.8
1,500.7
-2,455.3
37,841.2
16,924.5
-11,442.8
103,316.5
88,907.2

A Current Account Balance

71,612
79,154.5
77,729.4
82,002.8
77,052.1
74,036.3
80,217
96,631.4

Goods Balance

109,846.8
127,267.9
124,253.2
139,514.5
140,464.5
133,880.5
142,980.4
158,820.8

Exports Of Goods

570,951.4
544,736.4
515,641.9
576,156.1
621,241.7
603,798.4
576,404.4
677,003

Imports Of Goods

461,104.6
417,468.5
391,388.7
436,641.6
480,777.2
469,917.9
433,424
518,182.2

Services Balance

-16,334.4
-11,676.9
-8,795.6
-14,361.5
6,306.9
13,335.7
8,067
8,444.9

Exports Of Services

194,843.2
210,622.7
210,123.3
236,121.3
276,720.7
293,990.5
289,303.2
308,820.6

Manufacturing Services On Physical Inputs Owned By Others

424.4
346.5
284.8
243.2
362.6
253.8
365.5
520.8

Maintenance And Repair Services

9,853.1
9,315.2
8,537.7
8,216.3
10,089.8
10,549.8
9,260.3
10,166.3

Transport

63,918.8
64,097.1
57,365.8
67,142
83,256.1
86,209.2
87,034.1
91,527.5

Freight

50,917.2
50,798.1
44,010.3
51,903.8
66,458.5
69,281.7
75,007.8
81,249.5

Others

13,001.6
13,299
13,355.5
15,238.2
16,797.6
16,927.5
12,026.3
10,278

Travel

24,277.4
22,845.5
26,220.3
27,511
27,545.7
27,710.5
7,141.3
5,116

Insurance

4,241.5
5,312.7
6,076.9
6,711.6
9,483.3
8,938.8
8,259.5
7,925.6

Government Goods And Services

395.3
397
404.8
408.9
413.5
419.2
412
421.7

Construction

1,474.4
1,172.2
1,363.2
1,011.5
1,603
1,699.6
1,214.8
1,458.9

Financial

26,664.5
28,879.7
30,260.1
34,948.7
38,797.6
41,807.9
47,368.1
49,982.2

Telecommunications, Computer & Information

10,094.6
12,199
16,773
17,801.4
19,881.4
18,352.9
24,116.8
25,034.2

Charges For The Use Of Intellectual Property

4,953.5
11,894.1
9,734.2
11,057
11,843.4
11,804.3
11,966.8
15,648.9

Personal, Cultural And Recreational

801.4
852.8
752.4
674.3
994.6
1,263.9
1,207.5
1,183.9

Other Business Services

47,744.3
53,310.9
52,350.1
60,395.4
72,449.7
84,980.6
90,956.5
99,834.6

Accounting

332.2
307.3
321.5
305.2
331.9
374.7
507.1
535.9

Advertising And Market Research

7,954.3
10,231.9
10,820.7
17,956.6
24,265.8
30,706.5
36,808.8
42,830

Architectural

389.6
382
351.3
354.7
333.3
324.9
277.7
273.6

Business Management

21,122.2
23,455.8
23,611.1
24,192.4
26,876.6
28,556.5
29,405.7
30,489.3

Engineering And Technical

6,021
5,183.1
4,717.9
3,915.2
4,716.3
7,266
7,626.8
8,619.9

Legal

676.8
766.8
870.8
975.1
990
1,037.9
1,140.2
1,245.7

Research And Development

914.6
1,054.5
944.4
1,080.3
1,033.8
964.3
1,146.4
1,294.9

Operating Leasing

4,902.5
5,883.3
5,116.8
4,204.5
4,779.6
4,900.8
4,919.7
5,149.2

Trade-Related

4,899.9
5,469.1
4,849.9
6,577.7
8,197
9,680.9
8,058.7
8,278.6

Others

531.2
577.1
745.7
833.7
925.4
1,168.1
1,065.4
1,117.5

Imports Of Services

211,177.6
222,299.6
218,918.9
250,482.8
270,413.8
280,654.8
281,236.2
300,375.7

Manufacturing Services On Physical Inputs Owned By Others

7,846.8
8,341.2
7,689.7
8,194.9
7,576.9
7,928.3
9,284.2
11,402.6

Maintenance And Repair Services

880.7
929.3
924.1
821.7
991.5
1,177.4
978.5
950.8

Transport

57,822.3
65,611.6
60,109
70,375.8
84,887
87,181.2
90,928.2
99,247.6

Freight

36,584.5
43,581.5
38,105.3
47,484.6
56,382.5
58,740.4
65,489.2
74,873.4

Others

21,237.8
22,030.1
22,003.7
22,891.2
28,504.5
28,440.8
25,439
24,374.2

Travel

32,368.7
32,524.9
33,115.6
34,548.6
35,795.9
37,269.7
10,004.2
5,409.6

Insurance

3,609.4
4,376.7
6,032.2
5,548.8
6,641.1
7,458.2
8,456.8
8,241

Government Goods And Services

295.1
274.7
310.3
293.4
311.1
315.6
288.9
300.1

Construction

497.6
466.9
514.1
514.3
736.8
640.3
678.5
848.6

Financial

5,502
6,194
6,363.3
7,690.9
8,853.6
9,810.4
13,572.1
14,099.4

Telecommunications, Computer & Information

20,311.2
14,932.2
17,648.3
20,807.7
19,812
22,931.6
31,965
35,644.9

Charges For The Use Of Intellectual Property

26,452.9
26,672
21,644.4
21,833.6
23,266.5
20,913.2
21,172.7
23,931.1

Personal, Cultural And Recreational

625.3
685.2
542.3
583.1
655.3
696.6
977
1,070.7

Other Business Services

54,965.6
61,290.9
64,025.6
79,270
80,886.1
84,332.3
92,930.1
99,229.3

Accounting

290.8
331
392
404.7
467.1
528.2
636.5
671.3

Advertising And Market Research

3,418.6
3,808.8
4,258.7
7,983
10,154.8
13,783.4
15,139.9
15,793.9

Architectural

56.9
46.9
72
55.5
65.1
50.3
47
47.5

Business Management

17,318.3
18,749.9
21,716.9
23,610.7
25,906.6
28,792.2
29,473.2
31,095.9

Engineering And Technical

3,336.6
3,286.9
3,323.7
3,186.5
3,315.5
4,388.1
5,043.5
5,228.8

Legal

298.7
315.4
336.7
347.9
393.8
424.7
610.7
646.6

Research And Development

10,651.6
17,126.5
14,544.7
22,373.3
18,968.7
18,018.1
21,432.1
24,365.7

Operating Leasing

7,581.7
5,177.4
4,843.3
5,542.2
5,385.5
4,709.1
4,453.3
4,605.9

Trade-Related

11,747.5
12,097
14,142.4
15,394.6
15,897.3
13,315
15,682.9
16,349.7

Others

264.9
351.1
395.2
371.6
331.7
323.2
411
424

Primary Income Balance

-13,877.9
-28,892.8
-26,996.2
-35,817.2
-61,805.4
-64,037.5
-63,783.5
-64,263.6

Primary Income Receipts

90,129.7
98,544.7
108,150.1
136,723.9
147,087.8
148,174.7
143,733.8
168,312.9

Primary Income Payments

104,007.6
127,437.5
135,146.3
172,541.1
208,893.2
212,212.2
207,517.3
232,576.5

Secondary Income Balance

-8,022.5
-7,543.7
-10,732
-7,333
-7,913.9
-9,142.4
-7,046.9
-6,370.7

Secondary Income Receipts

12,431.1
13,549.1
14,751.2
14,239.6
24,082.1
25,315.1
28,045.2
28,147.2

Secondary Income Payments

20,453.6
21,092.8
25,483.2
21,572.6
31,996
34,457.5
35,092.1
34,517.9

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.

59,919.4
72,054.7
79,379.3
44,875.7
60,033.9
85,268.2
-21,747.6
11,070.7

Financial Account (Net)

59,919.4
72,054.7
79,379.3
44,875.7
60,033.9
85,268.2
-21,747.6
11,070.7

Direct Investment

-20,552.8
-33,753.8
-39,360.9
-50,409
-79,597.8
-76,219.1
-59,318.8
-78,050.3

Assets

66,491.6
62,174
50,941.2
86,593
29,901.9
75,856.6
43,817.6
63,674.7

Liabilities

87,044.4
95,927.8
90,302.1
137,002
109,499.7
152,075.7
103,136.4
141,725

Portfolio Investment

58,961.1
84,760.1
20,017.3
27,485.6
71,548.3
148,242.5
83,464.1
76,583.4

Assets

62,383.9
76,187
35,858.8
62,926.6
52,562.4
155,694
83,148.8
99,184

Deposit-Taking Corporations, Except The Central Bank

21,227.4
2,389.6
-14,309.5
22,612.5
-15,181.3
33,380.9
-7,103.1
13,038.9

Official

20,108.5
25,023.9
26,237.3
33,943.9
38,875.3
82,468.7
41,964.5
55,035.7

Others

21,048
48,773.5
23,931
6,370.2
28,868.4
39,844.4
48,287.4
31,109.4

Liabilities

3,422.8
-8,573.1
15,841.5
35,441
-18,985.9
7,451.5
-315.3
22,600.6

Deposit-Taking Corporations, Except The Central Bank

11,447.5
-5,462.5
14,047.6
10,695
202
253.7
-6,029.6
4,895.3

Others

-8,024.7
-3,110.6
1,793.9
24,746
-19,187.9
7,197.8
5,714.3
17,705.3

Financial Derivatives

-3,616.3
-7,582.7
16,550.4
11,357
28,376.5
9,032.9
-2,023.5
4,109.9

Assets

5,156.4
-11,227.7
8,654.8
-1,463.5
7,319.2
14,931
22,135.9
9,749.3

Liabilities

8,772.7
-3,645
-7,895.6
-12,820.5
-21,057.3
5,898.1
24,159.4
5,639.4

Other Investment

25,127.4
28,631.1
82,172.5
56,442.1
39,706.9
4,211.9
-43,869.4
8,427.7

Assets

93,189.1
36,516.1
120,963.8
102,919.6
143,436.9
74,121.1
85,973.1
156,384.9

Deposit-Taking Corporations, Except The Central Bank

50,392.5
22,100.2
33,901.8
19,182.9
81,488.8
30,688.2
120,223.2
60,363

Official

22,029.4
14,679.3
59,684
68,541.7
60,303
63,741.1
-3,342.9
45,593.8

Others

20,767.2
-263.4
27,378
15,195
1,645.1
-20,308.2
-30,907.2
50,428.1

Liabilities

68,061.7
7,885
38,791.3
46,477.5
103,730
69,909.2
129,842.5
147,957.2

Deposit-Taking Corporations, Except The Central Bank

52,241.7
-1,340.2
10,879.4
31,372.9
67,143.1
28,073.1
74,612.1
76,738.8

Others

15,820
9,225.2
27,911.9
15,104.6
36,586.9
41,836.1
55,230.4
71,218.4

C Net Errors & Omissions

-3,074.8
-5,599.1
-805.4
714.1
-93.7
-210.9
1,351.9
3,346.5

E Reserve Assets

8,617.8
1,500.7
-2,455.3
37,841.2
16,924.5
-11,442.8
103,316.5
88,907.2

Special Drawing Rights

-19.8
39.8
-271.2
-23.1
11
-8.1
40.7
7,036.8

Reserves Position In The IMF

-212.6
-231.6
589.1
-358.5
363.8
185.4
536.2
-93.9

Foreign Exchange Assets

8,850.2
1,692.5
-2,773.2
38,222.8
16,549.7
-11,620.1
102,739.6
81,964.3
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 cross border financial assets and liabilities of residents of an economy. The net IIP is the difference between its external financial assets and its liabilities. In addition, the sum of the net IIP with the value of non-financial assets reflects the net worth of an economy.

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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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
Q1/22
6,789,089.4
6,653,629.7
6.9
6.6

*Direct Investment S$m
Q1/22
1,898,824.5
1,819,922.7
12.4
8.8

*Portfolio Investment S$m
Q1/22
2,263,392.2
2,262,471.1
3.4
5.3

Equity and Investment Fund Shares S$m
Q1/22
1,301,373.3
1,308,028.6
9.0
13.1

Debt Securities S$m
Q1/22
962,018.9
954,442.5
-3.3
-3.8

*Financial Derivatives S$m
Q1/22
174,918.7
137,850.2
0.4
-16.6

*Other Investment S$m
Q1/22
1,936,356.6
1,870,046.9
8.5
5.2

*Reserve Assets 1/ S$m
Q1/22
515,597.4
563,338.8
1.0
17.6

Singapore External Liabilities S$m
Q1/22
5,406,735.4
5,277,861.0
7.2
6.4

*Direct Investment S$m
Q1/22
2,764,483.8
2,713,226.9
6.4
5.1

*Portfolio Investment S$m
Q1/22
531,639.3
494,440.6
21.5
18.6

Equity and Investment Fund Shares S$m
Q1/22
376,919.0
345,404.4
12.1
12.2

Debt Securities S$m
Q1/22
154,720.3
149,036.2
52.9
36.7

*Financial Derivatives S$m
Q1/22
193,382.2
158,977.9
-1.0
-12.7

*Other Investment S$m
Q1/22
1,917,230.1
1,911,215.6
5.8
7.2

Net International Investment Position S$m
Q1/22
1,382,354.0
1,375,768.7
5.9
7.3

International Investment Position

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

Million Dollars

Data Items

2014
2015
2016
2017
2018
2019
2020
2021

Net International Investment Position

781,174.7
914,909.5
1,030,046.8
1,123,054.9
934,406.7
1,138,934.1
1,281,664.6
1,375,768.7

External Assets

4,042,111.6
4,354,513.3
4,653,650.8
5,075,111.2
5,178,798.6
5,725,747.4
6,243,439.9
6,653,629.7

Direct Investment

899,906.6
1,046,666.9
1,199,423.3
1,388,562.8
1,341,655.2
1,542,881.2
1,673,389.5
1,819,922.7

Equity And Investment Fund Shares

659,619.8
752,986.1
874,030.8
970,610.4
963,526.4
1,098,806.3
1,182,414.8
1,306,495.1

Debt Instruments

240,286.8
293,680.8
325,392.5
417,952.4
378,128.8
444,074.9
490,974.7
513,427.6

Portfolio Investment

1,264,242.9
1,368,941.2
1,488,863.6
1,691,134
1,701,102.4
2,016,630.4
2,148,370.9
2,262,471.1

Equity And Investment Fund Shares

636,568.8
692,311
752,008.4
877,721.9
863,511
1,059,457.9
1,156,466.6
1,308,028.6

Debt Securities

627,674.1
676,630.2
736,855.2
813,412.1
837,591.4
957,172.5
991,904.3
954,442.5

Financial Derivatives

147,167.9
134,603.2
125,247.3
91,015.1
118,951.7
143,500.3
165,192.9
137,850.2

Other Investment

1,390,356.1
1,453,311.2
1,483,862.7
1,530,405.3
1,624,993.5
1,646,953
1,777,646.5
1,870,046.9

Trade Credits And Advances

185,538.9
177,250.2
161,376.1
184,456.6
177,376.3
164,074.8
149,102.1
173,151.7

Loans

397,430.3
415,744.7
407,852.5
471,311.2
501,283.2
521,937.1
525,032
566,798.3

Currency And Deposits

668,372.3
703,111.7
758,675
748,693.2
782,355.7
772,190.5
835,554.4
945,832.3

Insurance Technical Reserves

14,977.3
16,292.9
18,907.9
19,074.2
24,869.4
30,067.2
30,352.8
30,589.2

Other Accounts Receivable

124,037.3
140,911.7
137,051.2
106,870.1
139,108.9
158,683.4
237,605.2
153,675.4

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

340,438.1
350,990.8
356,253.9
373,994
392,095.8
375,782.5
478,840.1
563,338.8

Special Drawing Rights

1,677.9
1,717.7
1,446.4
1,423.3
1,434.2
1,426.1
1,466.7
8,503.6

Reserve Position In The IMF

1,084.1
852.6
1,441.7
1,083.3
1,447.1
1,632.4
2,168.5
2,074.6

Foreign Exchange Assets

337,676.1
348,420.5
353,365.8
371,487.4
389,214.5
372,724
475,204.9
552,760.6

External Liabilities

3,260,936.9
3,439,603.8
3,623,604
3,952,056.3
4,244,391.9
4,586,813.3
4,961,775.3
5,277,861

Direct Investment

1,358,654.1
1,543,357.5
1,655,824.5
1,903,040.4
2,078,001.7
2,342,142.3
2,580,789.1
2,713,226.9

Equity And Investment Fund Shares

1,129,391.8
1,290,573.3
1,337,039
1,557,300.2
1,742,002.4
1,968,494.6
2,204,906.9
2,372,134.2

Debt Instruments

229,262.3
252,784.2
318,785.5
345,740.2
335,999.3
373,647.7
375,882.2
341,092.7

Portfolio Investment

274,827.5
248,072.9
295,368.5
373,404.6
366,039.5
397,168.8
416,940.3
494,440.6

Equity And Investment Fund Shares

228,760.3
203,933.6
225,275
284,536.1
268,270.8
283,550.8
307,890.3
345,404.4

Debt Securities

46,067.2
44,139.3
70,093.5
88,868.5
97,768.7
113,618
109,050
149,036.2

Financial Derivatives

123,238.5
127,941
123,850.1
101,301.6
142,375.2
161,768.2
182,001.8
158,977.9

Other Investment

1,504,216.8
1,520,232.4
1,548,560.9
1,574,309.7
1,657,975.5
1,685,734
1,782,044.1
1,911,215.6

Trade Credits And Advances

143,958.2
143,898.2
140,744.7
147,442.1
144,306.7
133,121.7
127,223.4
139,107.2

Loans

115,500.7
127,556.1
146,398.7
133,793.7
143,927.1
149,726.8
167,905.5
201,162

Currency And Deposits

1,138,588.3
1,121,692.9
1,128,672.9
1,178,721.8
1,226,719.9
1,218,255.6
1,220,236.5
1,333,621.7

Insurance Technical Reserves

14,042.7
14,763.2
15,802.5
15,570.9
22,791.7
27,691.3
27,988
28,029.8

Special Drawing Rights Allocation

1,428.8
1,462.2
1,445.8
1,417.3
1,410.5
1,387.1
1,421.3
8,503.6

Other Accounts Payable

90,698.1
110,859.8
115,496.3
97,363.9
118,819.6
155,551.5
237,269.4
200,791.3
SOURCE : SINGAPORE DEPARTMENT OF STATISTICS

External Debt

Gross external debt is defined as the outstanding amount of current (and not contingent) debt liabilities owed to non-residents by residents of an economy. The values reflected are as at a point in time. 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. External debt statistics is used to monitor and analyse the external vulnerability of an economy.

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
Q1/22
380,574.6
341,092.7
7.5
-9.3

Debt Liabilities of DIE 2/ to Direct Investors S$m
Q1/22
295,154.7
263,847.0
12.4
-6.8

Debt Liabilities of Direct Investors to DIE 2/ S$m
Q1/22
48,170.2
47,305.9
2.3
11.4

Debt Liabilities between Fellow Enterprises S$m
Q1/22
37,249.7
29,939.8
-16.3
-40.7

Other Liabilities S$m
Q1/22
2,061,316.9
2,049,830.4
7.7
8.4

General Government S$m
Q1/22
0.0
0.0
0.0
0.0

Central Bank S$m
Q1/22
8,428.0
8,503.6
475.6
498.3

Short-term S$m
Q1/22
0.0
0.0
0.0
0.0

Loans S$m
Q1/22
0.0
0.0
0.0
0.0

Debt Securities S$m
Q1/22
0.0
0.0
0.0
0.0

Currency and Deposits 3/ S$m
Q1/22
-
-
-
-

Others S$m
Q1/22
0.0
0.0
0.0
0.0

Long-term S$m
Q1/22
8,248.0
8,503.6
475.6
498.3

Special Drawing Rights (allocations) S$m
Q1/22
8,248.0
8,503.6
475.6
498.3
Loans S$m
Q1/22
0.0
0.0
0.0
0.0

Debt Securities S$m
Q1/22
0.0
0.0
0.0
0.0

Others S$m
Q1/22
0.0
0.0
0.0
0.0

Deposit-Taking Corporations S$m
Q1/22
1,535,751.4
1,551,027.9
4.9
5.9

Short-term S$m
Q1/22
1,346,201.0
1,367,335.6
7.1
9.8

Loans S$m
Q1/22
0.0
0.0
0.0
0.0

Debt Securities S$m
Q1/22
27,484.7
32,259.4
112.5
95.6

Currency and Deposits S$m
Q1/22
1,307,011.9
1,321,327.0
5.9
8.4

Others S$m
Q1/22
11,704.4
13,749.2
27.0
41.0

Long-term S$m
Q1/22
189,550.4
183,692.3
-8.7
-16.4

Loans S$m
Q1/22
0.0
0.0
0.0
0.0

Debt Securities S$m
Q1/22
6,925.1
8,170.9
774.3
1,097.4

Others S$m
Q1/22
182,625.3
175,521.4
-11.7
-19.8

Other Sector S$m
Q1/22
517,137.5
490,298.9
15.4
15.4

Short-term S$m
Q1/22
311,471.9
293,804.2
15.7
16.9

Trade Credits and Advances S$m
Q1/22
150,881.6
139,107.2
15.9
9.3

Loans S$m
Q1/22
137,080.3
136,482.0
6.6
18.8

Debt Securities S$m
Q1/22
12,703.3
7,359.3
756.0
267.1

Others S$m
Q1/22
10,806.7
10,855.7
21.4
48.5

Long-term S$m
Q1/22
205,665.6
196,494.7
15.0
13.3

Loans S$m
Q1/22
65,306.9
64,680.0
5.4
21.9

Debt Securities S$m
Q1/22
107,607.1
101,246.6
25.2
12.7

Others S$m
Q1/22
32,751.6
30,568.1
6.1
0.2

Gross External Debt S$m
Q1/22
2,441,891.5
2,390,923.1
7.7
5.5

Exchange Rate S$ per US$ (as at end-month) 4 / S$ per US$
Aug/22
1.3950
1.3785
3.8
1.9
MAS

External Debt

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

Million Dollars

Data Items

2020 2Q
2020 3Q
2020 4Q
2021 1Q
2021 2Q
2021 3Q
2021 4Q
2022 1Q

Gross External Debt

2,299,282.5
2,245,667.9
2,266,976.4
2,268,249.7
2,265,002.1
2,326,407
2,390,923.1
2,441,891.5

Direct Investment: Intercompany Loans

373,471.4
374,155.8
375,882.2
354,145.5
342,481
350,089.1
341,092.7
380,574.6

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

273,381.4
280,807.9
282,961.3
262,563.8
257,911.4
267,155.1
263,847
295,154.7

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

41,265.1
38,445.6
42,451.9
47,091.7
46,803.6
48,741.4
47,305.9
48,170.2

Debt Liabilities Between Fellow Enterprises

58,824.9
54,902.3
50,469
44,490
37,766
34,192.6
29,939.8
37,249.7

Other Liabilities

1,925,811.1
1,871,512.1
1,891,094.2
1,914,104.2
1,922,521.1
1,976,317.9
2,049,830.4
2,061,316.9

General Government

0
0
0
0
0
0
0
0

Central Bank

1,429.9
1,432.2
1,421.3
1,464.1
1,471.5
8,617.3
8,503.6
8,428

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

1,429.9
1,432.2
1,421.3
1,464.1
1,471.5
8,617.3
8,503.6
8,428

Special Drawing Rights (Allocations)

1,429.9
1,432.2
1,421.3
1,464.1
1,471.5
8,617.3
8,503.6
8,428

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

1,506,011.3
1,451,500.3
1,464,866.2
1,464,633.5
1,463,145.2
1,491,005.7
1,551,027.9
1,535,751.4

Short-Term

1,276,150.1
1,226,661.7
1,245,196.9
1,256,914.1
1,280,603.9
1,296,511.3
1,367,335.6
1,346,201

Loans

0
0
0
0
0
0
0
0

Debt Securities

19,677.7
16,314.4
16,494.3
12,932.1
17,232.5
24,850.3
32,259.4
27,484.7

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.

1,246,097.4
1,199,978.7
1,218,949.2
1,234,766.6
1,255,235.6
1,257,297.1
1,321,327
1,307,011.9

Others

10,375
10,368.6
9,753.4
9,215.4
8,135.8
14,363.9
13,749.2
11,704.4

Long-Term

229,861.2
224,838.6
219,669.3
207,719.4
182,541.3
194,494.4
183,692.3
189,550.4

Loans

0
0
0
0
0
0
0
0

Debt Securities

696.8
741.9
682.4
792.1
935.7
1,775.5
8,170.9
6,925.1

Others

229,164.4
224,096.7
218,986.9
206,927.3
181,605.6
192,718.9
175,521.4
182,625.3

Other Sector

418,369.9
418,579.6
424,806.7
448,006.6
457,904.4
476,694.9
490,298.9
517,137.5

Short-Term

248,798.2
250,738.3
251,391
269,171.9
276,023
287,504.9
293,804.2
311,471.9

Trade Credits And Advances

127,767.4
132,982.7
127,223.4
130,171
134,124.6
136,676.2
139,107.2
150,881.6

Loans

112,952
109,488.2
114,850.8
128,613.3
129,563
135,462.7
136,482
137,080.3

Debt Securities

2,126.4
1,717.6
2,004.7
1,484
1,799.3
4,049.5
7,359.3
12,703.3

Others

5,952.4
6,549.8
7,312.1
8,903.6
10,536.1
11,316.5
10,855.7
10,806.7

Long-Term

169,571.7
167,841.3
173,415.7
178,834.7
181,881.4
189,190
196,494.7
205,665.6

Loans

52,779.8
51,039.2
53,054.7
61,989.5
61,607.5
64,188.2
64,680
65,306.9

Debt Securities

86,568.2
87,113.5
89,868.7
85,977.7
88,973.9
94,008.2
101,246.6
107,607.1

Others

30,223.7
29,688.6
30,492.3
30,867.5
31,300
30,993.6
30,568.1
32,751.6
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
Impact of Global Economic Disruptions on Singapore's Balance of Payments View
Methodological Improvements to the Current Account of Singapore’s Balance of Payments View
Adoption of the Extended Balance of Payments Services Classifications 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