Singapore is Asia’s top City of Opportunity and third amongst 30 cities worldwide (PricewaterhouseCoopers 2014)
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Economic and Financial Performance
Singapore’s total unemployment rates is 2.1% (Department of Statistics Singapore, 2022)
One of only 9 countries in the world left that are given AAA unanimously by Standard & Poor’s, Moody’s and Fitch
From S$2.22/US$ in 1981 to S$1.33/US$
From 1 Ringgit/S$ in 1973 to 3.31 Ringgit/S$
Singapore is the 10th largest Foreign Exchange Reserves
Singapore’s three local banks, DBS, UOB and OCBC were ranked amongst the strongest in the world by Bloomberg in 2015
Singapore is the 3rd largest Foreign Exchange Trading Centre, overtaking Tokyo, behind only London and New York (Bloomberg 2013)
Singapore is the largest offshore renminbi clearing centre outside China/Hong Kong, overtaking London (Financial Times 2014)
The undisputed oil hub in Asia and is one of the world’s top three export refining centres (EDB)
Singapore is the 13th largest trading country by exports (CIA World Factbook 2013 est.)
Singapore has the 3rd highest GDP per capita (PPP) ($78,762, IMF in 2013)
Singapore is ranked 2nd in the Index of Economic Freedom (The Heritage Foundation and The Wall Street Journal 2015)
3rd globally in proportion of millionaire households (Boston Consulting Group 2014): Trade, Business Environment, Opportunities and Liveability
Singapore is ranked Number 1 city with the best investment potential (BERI 2014)
Singapore is ranked Top 3 in the world for foreign trade and investment (Globalisation Index 2012)
Singapore is the world’s easiest place to do business (World Bank 2014)
Top 2 most competitive city in the world (World Economic Forum 2014-2015)
Most Globalized Country in Asia and Fifth Globally
Singapore is ranked number 1 in Global Cities of the Future 2014/15 ranking (FDI Intelligence)
Singapore is ranked top city in Asia and third globally after New York and London (JJL-The Business of Cities 2015)
Singapore is named as best business environment in Asia Pacific and the world (Economist Intelligence Unit 2014)
Singapore’s network of FTAs now includes 21 bilateral and regional FTAs in force with 32 trading partners. With FTAs, Singapore-based exporters and investors stand to enjoy a myriad of benefits like tariff concessions, preferential access to certain sectors, faster entry into markets and Intellectual Property (IP) protection.
Singapore is named Asia’s least bureaucratic place to do business (IMD World Competitiveness Yearbook in 2013)
Singapore is ranked top of BERI’s Labour Force Evaluation Measure (Business Environment Risk Intelligence (BERI) Report 2014)
Singapore is named top 5 in the world for most business conducive labour regulations (Global Competitiveness Report 2011 – 2012 by the World Economic Forum)
Singapore is ranked top 2 in the world for best labour/employer relations in Asia (The Global Competitiveness Report 2013–2014)
Singapore is named Asia’s best intellectual property protection (World Economic Forum Global Competitiveness Report 2013 – 2014)
Singapore is named Asia’s best country to work in and third globally (Global Competitiveness Report 2011 – 2012 by the World Economic Forum)
Singapore is ranked Top in Asia for quality of life for expats (Mercer 2015)
Singapore tops global liveability index for Asian expats (ECA International 2015)