IMD World Competitiveness Booklet 2022
Competitiveness Country Profiles
Singapore Competitiveness Trends – Overall
OVERALL PERFORMANCE (63 countries)
BASIC FACTS
Rank
2018
2019
2020
2021
2022
Capital Land area (square km '000)
Singapore
1
1
1 2021
3
3
1.343 2021
Exchange Rate (per $)
5.45 2021 48 397.0 2021 33 116,486 2021 02 7.6 2021 15 2.31 2021 21 2.70 2021 03 3.61 2021 43 18.11 2021 01 1,855.4 2020 06 21.65 2020 04
5
Population - market size (millions)
Gross Domestic Product (GDP) (US$ billions)
CHALLENGES IN 2022
GDP (PPP) per capita (US$)
• Navigate challenges posed by external economic developments, including global supply chain disruptions as well as elevated energy and commodity prices. • Support the economic recovery of sectors that continue to be affected by the COVID-19 pandemic. • Help businesses transition towards a low-carbon future. • Ensure that workers continuously develop new skills and sharpen existing ones to meet labour demand in growth sectors.
Real GDP growth (%)
Consumer price inflation (%)
Unemployment rate (%)
Labor force (millions)
Current account balance (% of GDP)
Direct investment stocks inward ($bn)
Direct investment flows inward (% of GDP)
PROVIDED BY: Economics Division, Ministry of Trade and Industry, Singapore
COMPETITIVENESS LANDSCAPE
Economic Performance Government Efficiency
Business Efficiency
Infrastructure
1 1 5 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
6
6 2
6
9 12 11
11
14 12
16
22
25
43
54
PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)
POPULATIONS < 20 MILLION (36 countries)
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
1
1
1
1
1
1
2
3
2
5
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