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.

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