Singapore is ranked 2 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Singapore remained unchanged at 2 in 2019 from 2 in 2018. source: World Bank

Ease of Doing Business in Singapore averaged 1.50 from 2008 until 2019, reaching an all time high of 3 in 2015 and a record low of 1 in 2009. This page includes a chart with historical data for Ease of Doing Business in Singapore. Ease of Doing Business in Singapore - values, historical data and charts - was last updated on May of 2021.

Ease of Doing Business in Singapore is expected to reach 2.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ease of Doing Business in Singapore is projected to trend around 2.00 in 2021, according to our econometric models.

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Ease of Doing Business in Singapore

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 3.00 1.00 2008 - 2019 Yearly

Singapore Business Last Previous Highest Lowest Unit
Business Confidence 38.00 32.00 54.00 -57.00 points [+]
Manufacturing PMI 50.90 50.80 53.10 44.70 points [+]
Industrial Production 7.60 16.50 58.60 -32.30 percent [+]
Industrial Production Mom -1.70 1.50 28.63 -22.00 percent [+]
Changes in Inventories 1203.70 1289.80 5885.80 -5379.50 SGD Million [+]
Bankruptcies 50.00 70.00 507.00 7.00 Companies [+]
Car Registrations 7869.00 5637.00 16204.00 653.00 [+]
Leading Economic Index 110.80 107.00 110.80 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 [+]
Corruption Index 85.00 85.00 94.00 84.00 Points [+]
Corruption Rank 3.00 4.00 9.00 1.00 [+]
Ease of Doing Business 2.00 2.00 3.00 1.00 [+]
Competitiveness Index 84.78 83.48 84.78 5.44 Points [+]
Competitiveness Rank 1.00 2.00 8.00 1.00 [+]
Composite PMI 51.80 53.50 56.80 27.10 points [+]
Services Sentiment 11.00 7.00 37.00 -58.00 [+]


Ease of Doing Business in Singapore
The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses.