Doing Business in Singapore
Published Oct 2017.
The World Bank has ranked Singapore the easiest place to do business in the world.
Singapore is now a global commerce, finance and transport hub with a population of over five million and a GDP of in excess of $300bn. Its currency is the Singapore Dollar and its primary languages are English (for business), Mandarin, Malay and Tamil.
Singapore has an ultra-high-speed, pervasive and trusted information and communications technology (ICT) infrastructure and has dedicated itself to becoming the world's first Smart Nation.
Singapore is a major center for transportation and communication in Southeast Asia. With more than 90 airlines serving over 200 cities, Singapore's Changi Airport has established itself as a major aviation hub in the Asia Pacific region. The World Bank's Logistics Performance Index ranked Singapore as Asia's top performer when it comes to global freight forwarding and express carriers. Its well-developed logistics and infrastructure network has attracted major international logistics companies, such as FedEx, UPS, and DHL, to locate major hubs in Singapore.
Singapore has one of the most developed ICT infrastructures in the world, with a nationwide ultra-high-speed fiber optic broadband network.
A sovereign city-state in Southeast Asia, the Republic of Singapore lies one degree north of the equator, at the southern tip of the Malay Peninsula, with Indonesia's Riau Islands to the south. Singapore's territory consists of one main island along with 62 other islets. Since independence, extensive land reclamation has increased its total size by 23%.
Stamford Raffles founded a European colony in Singapore in 1819 as a trading post of the East India Company. The islands were ceded to Britain in 1826, gained independence from the UK in 1963 by federating with other former British territories to form Malaysia, but separated two years later became a sovereign nation in 1965.
Relationships with international businesses continue. In order to avoid the 'redundancy' risk of the use of static data about various countries, this portal incorporates various live data feeds from:
• The Organisation for Economic Cooperation and Development (OECD)
• The World Bank
• The Observatory of Economic Complexity
The intention of this communication is to provide access to live information extracted from the regularly refreshed databases maintained by these organisations.
Use the navigations buttons below to access to more live data:
Inflation, Development indicators, Exports, Trade Balance, and more.