Go to:


Singapore is the smallest state in South-east Asia but also its wealthiest, with an annual GDP per capita of more than US$90,000 according to the International Monetary Fund. A former British trading post, the city-state remains heavily dependent on trade and is highly sensitive to global headwinds. Singapore's economy has been ranked as the most open in the world and is known for being a financial hub and shopping paradise. The government has been working to promote higher value activities in various sectors, in a bid to maintain the country’s competitive position amid rising costs.



English ( official )

Malay ( national )




5.6 million ( 2016 )


719.9 km2




Singapore dollar ( SGD )


GMT +8


Ranked 2 out of 190 economies (World Bank Doing Business 2018)

charts content

Singapore Economic Development Board (EDB) is the government agency under Singapore's Ministry of Trade and Industry that develops "strategies to enhance Singapore’s position as a global centre for business, innovation, and talent". It is responsible for investment promotion and industry development in the manufacturing and internationally tradeable services sectors, and works with companies by providing information, connection to partners and access to government incentives for their investments, as well as their transformation and growth initiatives. | (65) 6832 6832 |


Enterprise Singapore (ESG) is the government agency under Singapore's Ministry of Trade and Industry that champions enterprise development. It adopts a company-centric approach to growing Singapore's enterprises, and is also responsible for building trust in products and services through quality and standards, and establishing Singapore as a startup and trading hub. | (65) 6898 1800 |


Accounting and Corporate Regulatory Authority (ACRA) is the government agency that oversees the registration and regulation of business entities and public accountants. It also provides information on new business structures, compliance requirements and corporate governance practices in Singapore. | (65) 6248 6028

how-to guides content

How Singapore can prepare for its South-east Asian future: Linda Lim

That Singapore's economic future lies with South-east Asia, is not in doubt, says Dr Linda Lim. How then, might Singapore prepare itself for such...


Wuhan virus may persuade Singapore, Malaysia to ease casino policies

Maybank Kim Eng analyst Samuel Yin argued that governments could move to support hard-hit industry players.

Light on the horizon for Asia-Pac airlines: DBS

Earnings for Asia-Pacific airlines should see some recovery in 2020, thanks to a bottoming of the global economy and better supply-demand dynamics...

Asean property stocks will continue to outperform in 2020: Morgan Stanley

The Asean property market is still attractive in 2020, as stocks will continue to outperform on healthy property fundamentals amid a constructive...

Three quarters of Asia-Pac businesses consider themselves disrupted by tech change: Baker McKenzie

A full three quarters Asia Pacific-based business leaders surveyed describe themselves as being disrupted, rather than a disruptor, amid...

$17.8t worth of investment potential in Asia-Pac’s green building sector by 2030: IFC

THE green building sector in East Asia Pacific and South Asia is projected to hold $17.8 trillion worth of investment opportunities by 2030,...

ASEAN-5 likely to lead “a relatively fragile recovery” in 2020: Nomura

ASEAN is likely to see a gradual rather than V-shaped recovery in 2020, with the five largest Asean economies expected to clock gross domestic...