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Singapore Rankings

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Singapore consistently scores high marks in global and regional rankings of the factors that matter to businesses. These range from political risk to workforce productivity, from the quality of life to the prospects for making profits.



Singapore: The 2nd Most Competitive Economy

Rank Country
1 United States
2 Singapore
3 Hong Kong
4 Switzerland
5 Luxembourg
6 Denmark
7 Australia
8 Canada

 
Source: IMD World Competitiveness Yearbook 2008

Singapore: Most Cost-Competitive Place for Business

Country Cost Index Rank
Singapore 77.7 1
Canada 94.5 2
France 95.6 3
Netherlands 95.7 4
Italy 97.8 5
United Kingdom 98.1 6
United States 100.0 7
Japan 106.9 8
Germany 107.4 9

 
Source: KPMG Competitive Alternatives Study, 2006

According to a study by accountancy firm KPMG, Singapore is the most cost-competitive business location among nine industrialised countries.

The bi-annual study - which covers 128 cities in nine countries - indicated that Singapore was 22 per cent cheaper than the benchmark United States.

KPMG's 2006 Competitive Alternatives study analyses 27 cost components, including wages, freight, business taxes, rent and utilities.

World's easiest place to do business

Rank Country
1 Singapore
2 New Zealand
3 United States
4 Canada
5 Hong Kong
6 United Kingdom
7 Denmark
8 Australia
9 Norway
10 Ireland

 
Source: World Bank report: "Doing Business 2007: How to Reform"


Singapore tops World Business Environment rankings

Country Total Score Global Rank
Denmark 8.75 1
Finland 8.72 2
Singapore 8.70 3
Canada 8.70 4
Switzerland 8.66 5
Australia 8.65 6
Hong Kong 8.64 7

 
Source: EIU Country Forecast, February 2008

World's Most 'Network Ready' Country

Rating Country
1 United States
2 Singapore
3 Denmark
4 Iceland
5 Finland
6 Canada
7 Taiwan
8 Sweden

 
Source: Global Information Technology Report 2005/06, World Economic Forum

World: E-readiness Rankings

Rank Country
1 Denmark
2 United States
3 Switzerland
4 Sweden
5 Britain
6 Netherlands
7 Finland
8 Australia
9 Canada
10 Hong Kong
11 Norway
12 Germany
13 Singapore
14 New Zealand

 
Source: Economist Intelligence Unit, 2006

Singapore: 2nd Most Technologically Ready Nation in Asia

Rank Country
1 Finland
2 Japan
3 Sweden
4 Israel
5 Iceland
6 Germany
7 United States
8 Switzerland
9 Norway
10 Denmark
11 Singapore
12 Canada
13 United Kingdom
14 Netherlands
15 United Arab Emirates
16 Taiwan

 
Source: Global Competitiveness Report 2006-2007

Best Labour Force

Country Rating
Singapore 88
USA 75
Taiwan 74
Belgium 73
Japan 72
Ireland 67
Netherlands 66

 
Source: BERI's 2007 Labour Force Evaluation Measure (LFEM) report

Countries with the least restrictive immigration laws for employing foreign labour

Ranking Country
1 Ireland
2 Chile
3 United Kingdom
4 Singapore
5 Hong Kong
6 Iceland
7 Scotland
8 Argentina
9 Finland
10 Portugal

 
Source: IMD World Competitiveness Yearbook 2006

Singapore: 2nd in the World for Global Potential Competitiveness

Rank Country
1 Hong Kong
2 Singapore
3 United States
4 Switzerland
5 Belgium
6 Netherlands

 
Source: Japan Center of Economic Research, 2007

Most attractive investment incentives in Asia

Rank Country
1 Slovak Republic
2 Czech Republic
3 Ireland
4 Singapore
7 Hong Kong
10 Thailand
11 United States

 
Source: IMD World Competitiveness Yearbook 2005

Singapore: 1st in the World for Quality of Air Transportation

Ranking Country
1 Singapore
2 Bavaria
3 Hong Kong
4 Germany
5 Denmark
6 Finland
7 Australia
8 Austria
9 Iceland
10 Netherlands

 
Source: World Competitiveness Yearbook 2006

Singapore: Best Quality for Port Infrastructure

Ranking Country
1 Singapore
2 Netherlands
3 Hong Kong
4 Germany
5 Belgium
6 Denmark
7 Finland
8 Japan

 
Source: Global Competitiveness Report 2006-2007

Most Vital International Air Travel Hubs

Rank City
1 Paris
2 Anchorage
3 London
4 Singapore
5 New York
6 Los Angeles
7 Port Moresby
8 Frankfurt
9 Tokyo
10 Moscow

 
Source: National Academy of Science, May 2005

World: Overall Competitiveness

Rank Country (<20m pop)
1 United States
2 Hong Kong
3 Singapore
4 Iceland
5 Denmark
6 Australia
7 Canada
8 Switzerland
9 Luxembourg
10 Finland

 
Source: IMD World Competitiveness Yearbook 2006

Singapore: 2nd in the world for Investment Potential, 1st in Asia

Rank Country POR Score
1 Switzerland 82
2 Singapore 78
3 Netherlands 75
4 Japan 75
5 Norway 73
6 Taiwan 72
7 Germany 71
8 Austria 69

 
Source: BERI Report August 2006

Bureaucracy and Red Tape in Asia

Country Level of Red Tape (0 = no red tape, 10 = high levels of red tape)
Singapore 2.48
Hong Kong 2.52
Taiwan 5.21
South Korea 5.49
Malaysia 5.9
Japan 6.07
Thailand 6.39
Philippines 7.54
China 7.67
Vietnam 8.23
India 8.2
Indonesia 8.62

 
Source: Political and Economic Risk Consultancy, June 2006

World's Top 20 Most Globalised Nations

Rank Country
1 Singapore
2 Switzerland
3 United States
4 Ireland
5 Denmark
6 Canada
7