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. This page provides the latest reported value for - Singapore Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Competitiveness Index - values, historical data and charts - was last updated on March of 2020. source: World Economic Forum

Competitiveness Index in Singapore is expected to reach 5.78 Points by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Competitiveness Index is projected to trend around 5.78 Points in 2021 and 86.48 Points in 2022, according to our econometric models.

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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 Business Last Previous Highest Lowest Unit
Business Confidence -12.00 -5.00 54.00 -57.00 points [+]
Manufacturing PMI 48.70 50.30 53.10 48.30 points [+]
Industrial Production -1.10 3.50 58.60 -32.30 percent [+]
Industrial Production Mom -22.30 18.79 28.63 -22.30 percent [+]
Changes in Inventories 2103.00 2048.70 5885.80 -5379.50 SGD Million [+]
Bankruptcies 157.00 116.00 507.00 78.00 Companies [+]
Car Registrations 6911.00 7182.00 16204.00 2659.00 [+]
Leading Economic Index 107.70 108.70 109.90 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 -2.00 1.00 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 47.00 51.40 56.80 47.00 points [+]
Ease of Doing Business 2.00 2.00 3.00 1.00 [+]
Corruption Index 85.00 85.00 94.00 84.00 Points [+]
Corruption Rank 4.00 3.00 9.00 1.00 [+]


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.