Singapore scored 84.78 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Singapore averaged 23.61 Points from 2007 until 2019, reaching an all time high of 84.78 Points in 2019 and a record low of 5.44 Points in 2008. source: World Economic Forum


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Singapore Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
84.78 83.48 84.78 5.44 2007 - 2019 Points Yearly


Singapore Competitiveness Index
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution.

Singapore Business Last Previous Highest Lowest Unit
Business Confidence -5.00 -11.00 54.00 -57.00 points [+]
Manufacturing PMI 50.10 49.80 53.10 48.30 points [+]
Industrial Production -9.30 3.60 58.60 -32.30 percent [+]
Industrial Production Mom -9.40 3.00 29.70 -21.80 percent [+]
Changes in Inventories 2048.70 2024.50 5885.80 -5379.50 SGD Million [+]
Bankruptcies 144.00 143.00 507.00 78.00 Companies [+]
Car Registrations 8046.00 8023.00 16204.00 2659.00 [+]
Leading Economic Index 108.70 108.10 109.90 23.70 points [+]
Internet Speed 20345.58 20174.80 20345.58 2170.47 KBps [+]
IP Addresses 1595352.00 1509471.00 1685917.00 433610.00 IP [+]
Services Sentiment 1.00 2.00 37.00 -53.00 [+]
Competitiveness Index 84.78 83.48 84.78 5.44 Points [+]
Competitiveness Rank 1.00 2.00 8.00 1.00 [+]
Composite Pmi 51.00 50.40 56.80 47.40 points [+]
Corruption Index 85.00 84.00 94.00 84.00 Points [+]
Corruption Rank 3.00 6.00 9.00 1.00 [+]
Ease of Doing Business 2.00 2.00 3.00 1.00 [+]