IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL SINGAPORE

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Singapore

2017 2018 2019 2020 2021

1 2020

1

1

1.380 2020 5.69 2020 340.0 2020 98,527 2020 -5.4 2020 -0.18 2020 3.00 2020 3.71 2020 17.59 2020 1,697.6 2019 32.17 2019

3

3

Exchange Rate (per $)

5

48

Population - market size (millions)

CHALLENGES IN 2021 Help businesses transform and capture growth opportunities amidst shifts in the global economic landscape. • Help businesses transform and capture growth opportunities amidst shifts in the global economic landscape. • Spur job creation, and equip workers with the capabilities to secure jobs in growth sectors. • Preserve core capabilities of firms in sectors severely affected by the COVID-19 pandemic.

35

Gross Domestic Product (GDP) (US$ billions)

2

GDP (PPP) per capita (US$)

36

Real GDP growth (%)

12

Consumer price inflation (%)

4

Unemployment rate (%)

45

Labor force (millions)

2

Current account balance (% of GDP)

6

Direct investment stocks inward ($bn)

Economics Division, Ministry of Trade and Industry, Singapore Pr vided by: Economics Division, Ministry of Trade and Industry, Singapore

3

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

1 3 Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

1

3

4

7

7

8

9

12

13 14

15

17 14

17

18

20

25

57

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS < 20 MILLION (35 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

1

1

1

1

1

2

3

2

2

5

101

IMD WORLD COMPETITIVENESS BOOKLET 2021

Made with FlippingBook Digital Publishing Software