Facts and Figures | Singapore Economic Development Board

Facts and Figures

The professional services industry employs over 52,000 highly-skilled individuals, and generates more than S$ 9.02 billion in annual operating receipts (Department of Statistics, 2007).
A strong base of MNCs from a wide-ranging industries and geographies have established regional or global headquarter functions in Singapore, aggregating sophisticated demand for Professional Services.
Over 20 per cent of revenue comes from services export, highlighting the global reach of the industry (Department of Statistics, 2007).
Singapore’s labour force ranks No.1 in the world (BERI, 2009 Labour Force Evaluation Measure report).
Singapore tops the ranking for the tenth year running as the best place to live for expatriates in Asia (ECA International, 2009 Location Ratings Survey).
Singapore is home to 9 of the top 10 HR consulting firms in the world, many of which have regional oversight and functions (Workforce Management, 2009 Hot List).
Singapore’s legal and regulatory framework has been ranked top in the world, and has been recognized for maintaining the most protective IPR regime in Asia (IMD, 2008 World Competitiveness Yearbook).
The number of international cases administered by arbitral institutions in Singapore has more than doubled over the past five years (SIAC, 2009).
Singapore is a hub for creativity, with 9 of the top 10 global advertising agencies managing regional and even global accounts from here (“Agency Report Card”, Media Magazine, 2009). In September 2009, Singapore hosted Spikes Asia, the 1st Asian Advertising Festival to celebrate and inspire Asian creativity in advertising. The Festival provided the Asia’s growing creative and advertising industry with a platform to network and exchange ideas, bringing together some of the finest creative thinkers from across the region and around the world.

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