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Business & Working Conditions

Singapore ranks high on the international scale for business.

Workforce

Economy

Business Climate

Trade and Investment

Technology and Infrastructure

Singapore maintains top position in BERI’s Labour Force Evaluation Measure

Source: BERI's 2010-1 Labour Force Evaluation Measure (LFEM) report

We have consistently topped BERI's labour force surveys for 30 years.

Country Ranking
Singapore 89
United States 76
Taiwan 75
Switzerland 75
Belgium 73
Japan 73
Ireland 66
Sweden 66
Netherlands 65
Australia 65
United Kingdom 63
Denmark 63
Norway 63
France 63
Germany 61
Canada 61
Spain 59
Austria 57
Italy 53
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Singapore has the best labour-employer relations in the world

Source: The Global Competitiveness Report, 2010-2011, World Economic Forum

Ranking Country
1 Singapore
2 Switzerland
3 Norway
4 Iceland
5 Sweden
6 Hong Kong SAR
7 Japan
8 Denmark
9 Netherlands
10 Austria
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Foreign talent rank Singapore as Asia’s best country to work in

Source: IMD World Competitiveness Yearbook 2010

Most attractive environment for highly skilled foreigners

Country Ranking Score
Switzerland 1 9.12
Singapore 2 8.13
United States 3 8.08
Hong Kong
 4 7.76
Luxembourg 5 7.40
Qatar 6 7.40
Australia
 7 7.40
United Kingdom 8 7.15
Canada 9 7.12
Kazakhstan 10 6.91
Chile
 11 6.80
Netherlands 12 6.71
Malaysia 13 6.59
Ireland 14 6.36
France 15 6.08
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Singapore has the most motivated workforce in the Asia and Is ranked 3rd in the world

Source: IMD World Competitiveness Yearbook 2008

Worker Motivation
Ranking Country
1 Denmark
2 Switzerland
3 Singapore
4 Austria
5 Taiwan
6 Hong Kong
7 Norway
8 Sweden
9 Malaysia
10 Japan
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Singapore offers the best skilled labour in Asia Pacific

Source: IMD World Competitiveness Yearbook 2008

Skilled Labour
Ranking Country
1 Switzerland
2 Singapore
3 USA
4 United Kingdom
5 Ireland
6 Luxembourg
7 Australia
8 Canada
9 Hong Kong
10 Chile
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Singapore’s labour regulations are the most business conducive in Asia

Source: IMD World Competitiveness Yearbook 2008

Country Score
Denmark 8.25
Singapore 8.19
Hong Kong 8.08
Switzerland 8.00
United States 6.30
Thailand 6.29
Canada 6.23
Israel 6.00
Taiwan 5.94
Japan 5.80
Jordon 5.78
Australia 5.75
Austria 5.69
Hungary 5.68
Russia 5.64
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Singapore is ranked the most competitive country in the world

Source: IMD World Competitiveness Yearbook 2010

Country Score
Singapore 100
Hong Kong SAR
 99.357
USA
 99.091
Switzerland 96.126
Australia 92.172
Sweden 90.893
Canada 90.459
Taiwan 90.441
Norway 89.987
Malaysia 87.228
Luxembourg
 86.867
Netherlands
 85.650
Denmark
 85.587
Austria 84.085
Qatar 83.828
Germany 82.730
Israel 80.327
China 80.182
Finland
 80.002
New Zealand 78.531
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Singapore retains 3rd place in Global Competitiveness Report

Source: The Global Competitiveness Report, 2010-2011, World Economic Forum

Country/Economy Ranking Score
Switzerland 1 5.63
Sweden 2 5.56
Singapore 3 5.48
United States 4 5.43
Germany 5 5.39
Japan 6 5.37
Finland 7 5.37
Netherlands 8 5.33
Denmark 9 5.32
Canada 10 5.30
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Singapore is ranked 4th in the world and 1st in Asia for having the least corruption in its economy.

Source: IMD World Competitiveness Yearbook 2009

Country Ranking Score
Denmark 1 9.25
Finland 2 8.95
New Zealand 3 8.88
Singapore 4 8.02
Australia 5 7.89
Sweden 6 7.74
Switzerland 7 7.60
Netherlands 8 7.37
Canada 9 7.17
Luxembourg 10 6.91
Hong Kong 11 6.83
Qatar 12 6.57
Norway 13 6.51
Austria 14 6.48
United Kingdom 15 6.38
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Singapore is ranked top spot as the least corrupt nations in the world

Source: Transparency International 2010

Rank Country Score
1 Denmark 9.3
1 New Zeland 9.3
1 Singapore 9.3
4 Finland 9.2
6 Canada 8.9
7 Netherlands 8.8
8 Australia 8.8
9 Switzerland 8.7
10 Norway 8.6
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Singapore is the world's easiest place to do business

Source: Doing Business 2010 Report, World Bank

Economy Ranking
Singapore 1
New Zealand 2
Hong Kong, China 3
United States 4
United Kingdom 5
Denmark 6
Ireland 7
Canada 8
Australia 9
Norway 10
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Singapore is ranked the most transparent country in the world and Asia

Source: IMD World Competitiveness Yearbook 2009

Country Ranking Score
Singapore 1 8.10
Denmark 2 7.43
Qatar 3 6.75
Sweden 4 6.39
Switzerland 5 6.11
Finland 6 6.00
Luxembourg 7 6.00
New Zealand 8 5.90
Australia 9 5.49
Norway 10 5.41
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Singapore is rated to have the best business environment in Asia Pacific and is No. 3 worldwide

Source: Business Environment Rankings, Economic Intelligence Unit

Country Score
Singapore 8.67
Finland 8.47
Switzerland 8.42
Hong Kong 8.42
Canada 8.38
Denmark 8.32
Australia 8.32
New Zealand 8.29
Sweden 8.21
Norway 8.15
Netherlands 8.14
Taiwan 8.05
United States 8.02
Germany 7.96
Chile 7.89
Ireland 7.83
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Singapore is the least bureaucratic place for doing business in Asia.

Source: 2010 Asian Intelligence Reports on Bureaucracy in Asia, Political and Economic Risk Consultancy (PERC)

Country Score
Singapore 2.53
Hong Kong 3.49
Thailand 5.53
South Korea 6.13
Japan 6.57
Taiwan 6.60
Malaysia 6.97
China 7.93
Vietnam 8.13
Philippines 8.37
Indonesia 8.59
India 9.41
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Singapore is 3rd in the world for having the best protection of intellectual property.

Source: The Global Competitiveness Report 2010-2011, World Economic Forum

Country Ranking Score
Sweden 1 6.2
Finland 2 6.2
Singapore 3 6.1
Switzerland 4 6.0
Luxembourg 5 6.0
France 6 5.9
New Zealand 7 5.8
Puerto Rico 8 5.8
Germany 9 5.7
Netherlands 10 5.7
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Singapore is the world leader in foreign trade and investment

Source: The Globalisation Index 2009, Foreign Policy and A.T. Kearney

Country Ranking
Singapore 1
Hong Kong 2
Ireland 3
Belgium 4
Sweden 5
Denmark 6
Switzerland 7
Netherlands 8
Israel 9
Finland 10
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Singapore has been ranked No. 2 worldwide as the city with the best investment potential for 15 consecutive years

Source: Profit Opportunity Recommendation (POR) 2009-III

Country Score
Switzerland 79
Singapore 77
Norway 72
Netherlands 73
Japan 69
Taiwan 70
Germany 68
Austria 67
Belgium 64
Sweden 62

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Singapore is ranked first for having the most open economy for international trade and investment

Source: The Global Enabling Trade Report 2009, World Economic Forum

Country Score
Singapore 5.97
Hong Kong 5.57
Switzerland 5.44
Denmark 5.44
Sweden 5.44
Canada 5.35
Norway 5.33
Finland 5.33
Austria 5.29
Netherlands 5.27
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Singapore is the world's 3rd most "network ready" country

Source: The Global Information Technology Report 2008/09, World Economic Forum

Country Score
Denmark 5.85
Sweden 5.84
United States 5.68
Singapore 5.67
Switzerland 5.58
Finland 5.53
Iceland 5.50
Norway 5.49
Netherlands 5.48
Canada 5.41
Korea, Rep. 5.37
Hong Kong SAR 5.30
Taiwan, China 5.30
Australia 5.29
United Kingdom 5.27
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Singapore ranks first as the most globalised city

Source: The Globalisation Index 2009, Ernst & Young and Economic Intelligence Unit

Overall Country 2009 composite 1995 composite
1 Singapore 7.29 6.04
2 Hong Kong (SAR) 6.90 5.50
3 Ireland 6.87 5.08
4 Belgium 5.82 4.51
5 Sweden 5.77 4.00
6 Denmark 5.77 4.36
7 Switzerland 5.62 3.93
8 The Netherlands 5.45 4.62
9 Israel 5.16 4.67
10 Finland 5.14 3.76
11 Taiwan 4.90 3.90
12 Austria 4.88 4.38
13 Hungary 4.88 4.46
14 Canada 4.87 4.07
15 UK 4.76 4.11
16 Germany 4.71 3.83
17 Norway 4.59 3.57
18 Czech Republic 4.53 3.46
19 France 4.51 3.79
20 Australia 4.47 3.67
21 Spain 4.47 3.66
22 New Zealand 4.42 3.64
23 Slovakia 4.34 3.15
24 US 4.26 3.57
25 South Korea 4.17 2.76
26 Portugal 4.11 4.02
27 Chile 4.06 3.51
28 Bulgaria 4.03 3.52
29 Poland 4.02 2.96
30 Romania 4.00 2.65
31 Italy 3.96 3.50
32 Greece 3.90 3.64
33 Malaysia 3.89 3.93
34 Saudi Arabia 3.71 3.27
35 Philippines 3.67 3.00
36 Vietnam 3.62 2.73
37 Japan 3.57 2.65
38 Thailand 3.53 3.09
39 Mexico 3.50 2.98
40 China 3.41 2.69
41 Ukraine 3.41 2.42
42 Sri Lanka 3.35 3.27
43 Egypt 3.33 3.21
44 Colombia 3.33 2.96
45 Peru 3.24 2.88
46 India 3.14 2.50
47 Brazil 3.13 2.77
48 Argentina 3.08 3.15
49 Turkey 3.07 2.98
50 South Africa 3.04 2.69
51 Pakistan 3.02 2.55
52 Kazakhstan 2.97 2.39
53 Azerbaijan 2.86 3.03
54 Ecuador 2.79 2.64
55 Russia 2.77 2.51
56 Indonesia 2.70 2.85
57 Nigeria 2.65 2.63
58 Algeria 2.52 2.51
59 Venezuela 2.42 2.62
60 Iran 2.05 1.72
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