IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL SINGAPORE

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Singapore

1 1 2016 2017 2018 2019 2020

1 2019

1.364 2019 5.70 2019 372.1 2019

3

3

Exchange Rate (per $)

4

48

Population - market size (millions)

CHALLENGES IN 2020 Help workers and enterprises to weather the economic disruptions caused by the Covid-19 pandemic. • Help workers and enterprises to weather the economic disruptions caused by the Covid-19 pandemic. • Leverage the downturn to deepen the capabilities of workers and enterprises and ensure that they are well-positioned to capture opportunities during the subsequent recovery.

32

Gross Domestic Product (GDP) (US$ billions)

104,111 2019 0.7 2019 0.57 2019 2.30 2019 3.74 2019 16.97 2019 1,481.0 2018 28.35 2019

3

GDP (PPP) per capita (US$)

53

Real GDP growth (%)

12

Consumer price inflation (%)

5

Unemployment rate (%)

45

Labor force (millions)

1

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

2

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

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

1

2

3

3

3

6

6

7

7

9

10 7

10

14

15

18

18

23

58

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS < 20 MILLION (34 countries)

2016 2017 2018 2019 2020

1 1 2016 2017 2018 2019 2020

1

1

2

2

2

2

3

3

102

IMD WORLD COMPETITIVENESS BOOKLET 2020