Singapore's surplus in its transactions with the rest of the world increased in both the fourth quarter of 2010 and in the year as a whole, according to the trade and industry ministry. The balance-of-payments surplus (before official financing) rose to S$16.5bn in the fourth quarter, from S$6.3bn in the third, taking the surplus for the whole year to S$57.5bn, more than triple that of S$16.5bn posted in 2009. The current-account surplus fell to S$15.7bn in the fourth quarter, down from S$19.1bn in the third, mainly owing to a smaller goods and services surplus, but the whole-year surplus stood at US$67.4bn, up from S$50.8bn in 2009. The goods surplus increased to S$63.6bn in 2010, from S$42.5bn in 2009, more than compensating for a widening of the income deficit, to S$11.2bn, from S$6.4bn in 2009. The capital and financial account moved into surplus to the tune of S$1.5bn in the fourth quarter, from a deficit of S$13.3bn in the third, but in 2010 as a whole it remained in the red, recording a deficit of S$9.5bn, although this was smaller than the previous year's shortfall of S$39bn. A surge in foreign direct investment, resulting in a net inflow of S$25.7bn in 2010, compared with a net outflow of S$4.6bn in 2009, was the main factor underlying the smaller deficit on the capital and financial account, although smaller net outflows of "other" investment were also important.