Photo by Hu Chen from Unsplash

Singapore’s net IIP rises to $1.4t in Q4

External assets outpaced the growth.

Singapore’s net international investment position rose 2.6% QoQ to $1.4t at the end of the fourth quarter, as growth in external assets outpaced the increase in external liabilities.

External assets rose by $243b to $8.8t, whilst external liabilities increased by $208b to $7.4t.

The latest reading means Singapore remained a net creditor country, with external assets continuing to exceed external liabilities.

By functional category, portfolio investment posted the largest net asset position at $2.1t, whilst other investments recorded a net asset position of $207b. Reserve assets stood at $526b.

In contrast, direct investment remained in a net liability position of $1.4t, whilst financial derivatives registered a net liability position of $41b.

The Department of Statistics said the higher net IIP reflected a larger rise in Singapore’s external financial assets than its external financial liabilities over the quarter.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.