Introduction

Singapore's Balance of Payments (BOP) is a statement that summarises the economic transactions between Singapore residents and non-residents. These transactions occur during a specific time period. It includes the overall balance of the current account and the capital and financial account, and these transactions are financed by official reserves.

• Current Account is a set of transactions consisting of exports and imports of goods and services, primary income receipts and payments as well as secondary income receipts and payments.
• Capital and Financial Account covers net acquisitions of foreign financial assets by Singapore residents and net incurrence of foreign liabilities by Singapore residents.
• Reserve Assets show the changes in Singapore’s foreign reserves holdings, consisting of Singapore’s official holdings of monetary gold and foreign exchange assets, as well as Singapore’s special drawing rights and reserve position in the International Monetary Fund.