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Business & Working Conditions

Singapore ranks high on the international scale for business.

Workforce

Economy

Business Climate

Technology and Infrastructure


Workforce

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

Source: BERI 2015-II Labour Force Evaluation Measure (LFEM) report

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

Ranking Country Score
1 Singapore 92
2 United States 80
3 Taiwan 79
4 Switzerland 77
5 Belgium 77
6 Japan 76
7 Ireland 71
7 Sweden 71
9 Australia 70
10 Netherlands 68
10 Germany 68

Singapore has the best labour-employer relations in Asia

Source: The Global Competitiveness Report 2015-2016, World Economic Forum

Ranking Country Score
1 Switzerland 6.1
2 Denmark 6.1
3 Singapore 6.0
4 Norway 6.0
5 Japan 5.7
6 Austria 5.7
7 Sweden 5.7
8 Netherlands 5.6
9 Qatar 5.6
10 Luxembourg 5.6

Economy

Singapore is among the top 2 most competitive countries in the world

Source: The Global Competitiveness Report 2016-2017, World Economic Forum

Ranking Country Score
1 Switzerland 5.76
2 Singapore 5.68
3 United States 5.61
4 Germany 5.53
5 Netherlands 5.50
6 Japan 5.47
7 Hong Kong SAR 5.46
8 Finland 5.45
9 Sweden 5.43
10 United Kingdom 5.43

Singapore is ranked second in the world as the city with the best investment potential

Source: BERI Report 2016-I

Ranking Country +5 Years Combined
Score
1 Switzerland 73
2 Singapore 72
3 Germany 69
4 Norway 69
5 Taiwan 68
6 Austria 66
7 Canada 61
8 China (P.R.C) 60
9 Canada 65
9 Netherlands 65
10 United States 64

Business Climate

Singapore is the world's easiest place to do business

Source: Doing Business 2015 Report, World Bank

Ranking Country Score
1 Singapore 88.27
2 New Zealand 86.91
3 Hong Kong 84.97
4 Denmark 84.20
5 Korea Republic 83.40
6 Norway 82.40
7 United States 81.98
8 United Kingdom 80.96
9 Finland 80.83
10 Australia 80.66

Singapore is the world’s most transparent country

Source: The Global Competitiveness Report 2015-2016, World Economic Forum

Ranking Country Index
1 Singapore 6.2
2 New Zealand 6.0
3 Hong Kong 6.0
4 Luxembourg 5.9
5 Finland 5.9
6 Switzerland 5.9
7 Norway 5.7
8 Qatar 5.7
9 Rwanda 5.6
10 Netherlands 5.5

Singapore is ranked 1st in the world as the least bureaucratic place for doing business

Source: IMD World Competitiveness Yearbook 2015

Ranking Country Index
1 Singapore 6.89
2 China Hong Kong 6.12
3 UAE 5.92
4 Switzerland 5.79
5 Ireland 5.56
6 Canada 5.30
7 Malaysia 5.11
8 Sweden 5.05
9 Denmark 5.00
10 Luxembourg 4.83

Singapore is ranked 1st in the world for best global innovation

Source: The Global Innovation Index 2015

Ranking Country Score
1 Singapore 72.12
2 Switzerland 67.96
3 Finland 67.91
4 Hong Kong 67.61
5 United State 67.31
6 United Kingdom 67.15
7 Sweden 67.01
8 Denmark 65.87
9 Canada 65.05
10 Australia 64.84

Singapore is ranked 1st in Asia and 4th in the world for having the best protection of intellectual property

Source: The Global Competitiveness Report 2015-2016, World Economic Forum

Ranking Country Index
1 Finland 6.3
2 Luxembourg 6.3
3 Switzerland 6.2
4 Singapore 6.2
5 New Zealand 6.1
6 Japan 6.1
7 United Kingdom 6.0
8 Netherlands 6.0
9 Hong Kong 6.0
10 Ireland 5.9

Technology and Infrastructure

Singapore is ranked 2nd in the world and 1st in Asia as most "network ready" country

Source: The Global Information Technology Report 2014, World Economic Forum

Ranking Country Score
1 Finland 6.04
2 Singapore 5.97
3 Sweden 5.93
4 Netherlands 5.79
5 Norway 5.70
6 Switzerland 5.62
7 United States 5.61
8 Hong Kong SAR 5.60
9 United Kingdom 5.54
10 Korea Republic 5.54