1. World’s most competitive economy

• Source: International Institute of Management Development (IMD), IMD World Competitiveness Ranking 2020

2. World’s most politically stable country

• Source: Cornell University, European Institute of Business Administration (INSEAD) and World Intellectual Property Organization, Global Innovation Index 2019

3. Inflow of foreign capital - No. 4 in the world

• Source: United Nations Conference on Trade and Development, World Investment Report 2019

1. A resilient and stable economy

Despite the current global economic headwinds, Singapore remains one of the strongest and most stable economies in the world. Built on a strong foundation of political stability, Singapore gains the trust of enterprises through its transparent policies and integrity.

Sound monetary and fiscal policies, coupled with a robust judicial system, are the pillars of Singapore's low-risk economy.

The countries with the lowest investment risk are ranked as follows: Singapore, Switzerland, Norway, Denmark and Sweden.

• Source: Eurocurrency Country Risk, 2019 Q3 Country Risk Survey

2. Healthy economic growth

In just 50 years, Singapore has become one of the most advanced economies in the world. Singapore is actively upgrading its pro-business policies to keep close pace with global development. As a result, Singapore's gross domestic product (GDP) has remained the highest in the region.

3. High employment rate

Employment rates in Singapore have always been high as a direct result of its flexible, adaptable and highly-motivated workforce.

Singapore also has a firm commitment to talent development: in addition to its top-notch education system, Singapore's national skills development plan (SkillsFuture) ensures that Singaporeans keep pace with the changes in the global economy.

4. Unwavering investor confidence

Singapore receives more foreign direct investment (FDI) than most developed economies in the world. More than 10% of the total FDI flowing into Asia flows to Singapore.

Singapore’s status as a quality wealth hub and the advantages of low-risk investment here give enterprises confidence in the potential of investments in Singapore.

As Singapore is home to many of the world’s leading industrial giants, its economy is rapidly diversifying. Meanwhile, the growing service industry provides strong support to Singapore's manufacturing-based economy.

1. Manufacturing

• Precision Engineering Industry in Singapore
• Energy and Chemical Industry in Singapore
• Aviation Industry in Singapore
• Electronics Industry in Singapore

2. Construction and Environment

• Construction Industry in Singapore
• Marine and Offshore Engineering Industry Prospects in Singapore
• Real Estate in Singapore
• Security Industry in Singapore
• Environmental Services in Singapore

3. Trade and Transportation

• Air Transport in Singapore
• Logistics Industry in Singapore
• Land Transportation in Singapore
• Shipping Industry in Singapore
• Wholesale Trade in Singapore

4. Basic Services

• Healthcare in Singapore
• Education and Training in Singapore

5. Comprehensive Services

• Professional Services in Singapore
• Financial Services in Singapore
• Entertainment and Media in Singapore

6.Daily Life

• Food Manufacturing in Singapore
• Food Services in Singapore
• Hotel Industry in Singapore
• Retail Industry in Singapore

Singapore's Smart Nation initiative taps into the evolution of digital technology to create seamless, technology-driven experiences, with the key goal of enabling Singaporeans and enterprises to succeed in the digital world.

Unlimited business opportunities

Partnering with businesses is critical to achieving Singapore's vision. Enterprises that can harness artificial intelligence, data analysis, network security, immersive reality and the Internet of Things are the core of digital transformation in Singapore's Smart Nation initiative. Companies can also participate in ideation, developing proof of concept and creating prototypes through the Open Innovation Platform to generate solutions for industry participants.

1. Best environment for digital transformation

• Source: Economist Intelligence Unit, Asian Digital Transformation Index 2018

2. 2017 Best Performing Smart City

• Source: Juniper Research, Global Smart City Performance Index 2017

3. In 2021, the overall digital transformation is predicted to contribute about SGD 13.2 billion (about RMB 66 billion) to Singapore's GDP

• Source: Microsoft and International Data Corporation, "Unlocking the Economic Impact of Digital Transformation in Asia Pacific", February 21, 2018

4. In 2019, the total investment in smart cities exceeded USD 1 billion (about RMB 7 billion)

• Source: BusinessWire, “IDC's Smart Cities Spending Guide Expands Its Coverage to More Than 100 Cities”, January 30, 2019

5. In fiscal year 2019, the Singapore government spent SGD 2.6 billion (about RMB 13 billion) on information and communication technology

• Source: Business Times, “Govt infocomm-tech tenders worth billions open to SMEs”, May 29, 2019

6. The Singapore government has invested SGD 500 million (about RMB 2.5 billion) in the National Artificial Intelligence Strategy

• Source: Singapore’s Smart Nation and Digital Government Office, Singapore AI Strategy, November 2019