Photo: Khairul Nizam . · CC BY 2.0 · via Wikimedia Commons, shown in greyscale
Topic 02 of 18 · Country Index 2026
Singapore: Economy & Innovation
What does an economy do for the people inside it?
Singapore is placed joint 24th of 176 countries on economy & innovation in the Country Index 2026, from 4 of its 4 key statistics. Readings behind it: GDP per Capita (PPP) 139,593 (2025); Firms with a Bank Loan or Line of Credit 27.84 (2025).
Share
Economy & Innovation
joint24th
of 176 countries placed
Placed from 4 of 4 key statistics
- 139,593GDP per Capita (PPP), 2025GDP per capita (constant 2021 international $, PPP)
- 27.84Firms with a Bank Loan or Line of Credit, 2025Firms with a bank loan or line of credit (%)
- 1.52Economic Complexity Index, 2024ECI score (standardised, roughly −3 to +3)
- 97.97Account Ownership at a Financial Institution, 2024Adults with an account (% of population aged 15+)
01The evidence
The 4 key statistics that decide it
Only these place Singapore on economy & innovation — one vote each. Every value is the publisher’s own, read at the edition the Country Index 2026 used — or, for a survey-based key, each country’s latest reading; the grey ticks are every other country it was compared with, lowest on the left.
139,593
GDP per capita (constant 2021 international $, PPP)
Higher is better
Singapore: 139,593. Across the 185 countries in this edition, values run from 1,067 (Burundi) to 139,593 (Singapore); the world median is 17,265.
- World median
- 17,265
- Best in South-eastern Asia
- 139,593 Singapore
Key 2 of 4
Firms with a Bank Loan or Line of Credit
World Bank Group
Latest reading per country, 2016–2025 · Singapore’s is from 2023 · CC BY 4.0
27.84
Firms with a bank loan or line of credit (%)
Higher is better
Singapore: 27.84. Across the 179 countries at their latest reading, values run from 2.113 (Pakistan) to 88.52 (Israel); the world median is 35.95.
- World median
- 35.95
- Best in South-eastern Asia
- 45.89 Thailand
Key 3 of 4
Economic Complexity Index
Growth Lab at Harvard University
2024 edition · data for 2024 · CC0 1.0
1.52
ECI score (standardised, roughly −3 to +3)
Higher is better
Ranked 5th of 145 by Growth Lab at Harvard University
Singapore: 1.52. Across the 145 countries in this edition, values run from -3.53 (Chad) to 1.729 (Japan); the world median is 0.131.
- World median
- 0.131
- Best in South-eastern Asia
- 1.52 Singapore
Key 4 of 4
Account Ownership at a Financial Institution
World Bank Group
2024 edition · data for 2024 · CC BY 4.0
97.97
Adults with an account (% of population aged 15+)
Higher is better
Singapore: 97.97. Across the 139 countries in this edition, values run from 14.83 (Niger) to 99.85 (Iceland); the world median is 72.83.
- World median
- 72.83
- Best in South-eastern Asia
- 97.97 Singapore
02Over time
Which way Singapore is moving
Each key’s published value, edition by edition, beside the world median. The Country Index 2026 is the first edition of the standing, so the standing itself has no history to chart yet.
GDP per Capita (PPP)
GDP per capita (constant 2021 international $, PPP) · higher is better
SingaporeWorld median
Singapore rose from 68,904 in 2000 to 139,593 in 2025; the world median went from 10,589 to 17,265.
Every year’s figures
Year Singapore World median 2025 139,593 17,265 2024 134,549 18,108 2023 130,297 17,686 2022 134,828 16,933 2021 133,990 16,260 2020 116,684 15,631 2019 120,678 16,761 2018 120,669 16,349 2017 117,493 16,129 2016 112,720 15,512 2015 109,894 14,857 2014 107,991 14,475 2013 105,260 14,681 2012 102,061 14,631 2011 100,154 13,916 2010 96,280 14,101 2009 85,576 13,655 2008 88,083 14,030 2007 91,198 13,755 2006 87,210 12,983 2005 82,547 12,023 2004 78,713 11,608 2003 72,498 11,183 2002 68,329 11,144 2001 66,352 10,907 2000 68,904 10,589 Economic Complexity Index
ECI score (standardised, roughly −3 to +3) · higher is better
SingaporeWorld median
Singapore rose from 1.13 in 2000 to 1.52 in 2024; the world median went from 0.016 to 0.131.
Every year’s figures
Year Singapore World median 2024 1.520 0.1310 2023 1.679 0.0710 2022 1.651 0.0580 2021 1.664 0.0010 2020 1.672 0.0470 2019 1.681 0.0300 2018 1.631 -0.0150 2017 1.571 0.0080 2016 1.603 -0.0660 2015 1.564 -0.0600 2014 1.465 -0.0190 2013 1.483 0.0140 2012 1.452 0.0060 2011 1.493 -0.0140 2010 1.471 -0.0020 2009 1.420 0.0990 2008 1.301 0.0700 2007 1.321 -0.0080 2006 1.233 0.0740 2005 1.232 0.0510 2004 1.298 0.0505 2003 1.282 0.0450 2002 1.199 0.0100 2001 1.146 0.0470 2000 1.130 0.0160 Account Ownership at a Financial Institution
Adults with an account (% of population aged 15+) · higher is better
SingaporeWorld median
Singapore fell from 98.22 in 2011 to 97.97 in 2024; the world median went from 37.03 to 72.83.
Every year’s figures
Year Singapore World median 2024 98.0 73 2021 97.5 74 2017 97.9 59 2014 96.4 52 2011 98.2 37
03In context
Singapore beside its neighbours
A position reads best beside the countries around it. Every position below is a place among all 176 countries on economy & innovation, never a place within the region.
Singapore and South-eastern Asia
Singapore has no land border, so the table compares it with its sub-region. Standing among all 176; the key columns are the publishers’ own values.
| Country | Standing | GDP per Capita (PPP)GDP per capita (constant 2021 international $, PPP) | Firms with a Bank Loan or Line of CreditFirms with a bank loan or line of credit (%) | Economic Complexity IndexECI score (standardised, roughly −3 to +3) | Account Ownership at a Financial InstitutionAdults with an account (% of population aged 15+) |
|---|---|---|---|---|---|
| Singapore | =24th | 139,593 | 27.84 | 1.52 | 97.97 |
 Thailand | 38th | 22,432 | 45.89 | 0.812 | 91.82 |
 Malaysiacompare | 40th | 35,461 | 37.93 | 0.86 | 88.69 |
 Brunei | 44th | 78,985 | 29.26 | — | — |
 Vietnam | =73rd | 15,457 | 40.52 | 0.672 | 70.55 |
 Philippines | 107th | 10,748 | 20.14 | 0.739 | 50.18 |
 Indonesia | =110th | 15,091 | 19.99 | 0.223 | 56.33 |
 Cambodia | =138th | 7,300 | 13.54 | 0.031 | 39.03 |
 Laos | =138th | 8,873 | 21.77 | -0.703 | 37.65 |
 Myanmar | 155th | 5,137 | 11.33 | -0.943 | — |
 Timor-Leste | 167th | 4,110 | 8.318 | — | — |
“—”: no published reading in that edition. What a standing is
Across South-eastern Asia
Every country in the sub-region, by its place among all 176.
Placed either side on economy & innovation
The countries immediately above and below Singapore in the topic’s list.
04Context, no vote
Where Singapore is ahead of the world, and behind
59 more statistics filed under economy & innovation, published in full and deliberately given no vote in the standing. Select a row for the publisher, the rank and the links.
Ahead of the world median28
Statistics on which Singapore does better than the middle country measured.
Business Ready: Operational EfficiencyWorld Bank Group · 2024 · world median 65.8287.3365.82No earlier reading
Singapore: 87.33 · world median 65.82 · Operational efficiency score (0–100). World Bank Group, 2024 edition, data for 2024.
Published values in that edition run from 40.36 to 87.33; higher is better.
Position 1st of 50 · derived.
GNI per Capita (PPP)World Bank Group · 2025 · world median 14,273116,63314,273No real change since 2015
Singapore: 116,633 · world median 14,273 · GNI per capita (constant 2021 international $, PPP). World Bank Group, 2025 edition, data for 2025.
Published values in that edition run from 1,181 to 116,633; higher is better.
Position 1st of 102 · derived.
Logistics Performance IndexWorld Bank Group · 2023 · world median 2.94.32.9▲ Improved since 2014
Singapore: 4.3 · world median 2.9 · LPI score (1–5). World Bank Group, 2023 edition, data for 2023.
Published values in that edition run from 1.9 to 4.3; higher is better.
Ranked 1st of 139 by World Bank Group.
Regulatory QualityWorld Bank Group · 2025 · world median -0.0932.113-0.093No real change since 2015
Singapore: 2.113 · world median -0.093 · Regulatory Quality (−2.5 to 2.5). World Bank Group, 2025 edition, data for 2025.
Published values in that edition run from -2.106 to 2.113; higher is better.
Position 1st of 209 · derived.
Water-Use EfficiencyFAO · 2023 · world median 16.11,01316.1No real change since 2013
Singapore: 1,013 · world median 16.1 · Value added per cubic metre of freshwater withdrawn (constant US$ per m³). Food and Agriculture Organization of the United Nations (FAO), 2023 edition, data for 2023.
Published values in that edition run from 0.38 to 1,378; higher is better.
Adjusted Net SavingsWorld Bank Group · 2021 · world median 8.38931.558.389No real change since 2011
Singapore: 31.55 · world median 8.389 · Adjusted net savings, including particulate emission damage (% of GNI). World Bank Group, 2021 edition, data for 2021.
Published values in that edition run from -81.62 to 32.18; higher is better.
Position 2nd of 118 · derived.
Liner Shipping Connectivity IndexUNCTAD · 2026 · world median 56.21617.6356.21No real change since 2016
Singapore: 617.63 · world median 56.21 · LSCI (index, average Q1 2023 = 100). UN Trade and Development (UNCTAD), 2026 edition, data for 2026.
Published values in that edition run from 4.13 to 1,319; higher is better.
Ranked 3rd of 175 by UNCTAD.
Historical GDP per Capita (Maddison)GGDC · 2022 · world median 12,89080,32012,890No real change since 2012
Singapore: 80,320 · world median 12,890 · GDP per capita (2011 international $). Maddison Project, Groningen Growth and Development Centre (GGDC), 2022 edition, data for 2022.
Published values in that edition run from 596.39 to 149,171; higher is better.
Position 3rd of 166 · derived.
Business Ready: Public ServicesWorld Bank Group · 2024 · world median 50.1370.450.13No earlier reading
Singapore: 70.4 · world median 50.13 · Public services score (0–100). World Bank Group, 2024 edition, data for 2024.
Published values in that edition run from 18.35 to 73.31; higher is better.
Position 2nd of 50 · derived.
Frontier Technology Readiness IndexUNCTAD · 2023 · world median 0.4850.9420.485No real change since 2013
Singapore: 0.942 · world median 0.485 · Frontier Technology Readiness Index (0–1). UN Trade and Development (UNCTAD), 2023 edition, data for 2023.
Published values in that edition run from 0 to 1; higher is better.
Position 5th of 170 · derived.
ICT Goods ExportsUNCTAD · 2024 · world median 0.97534.650.975No real change since 2014
Singapore: 34.65 · world median 0.975 · ICT goods exports (% of total goods exports). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.
Published values in that edition run from 0 to 61.45; higher is better.
Position 4th of 119 · derived.
Researchers per Million InhabitantsUIS · 2024 · world median 701.958,782701.95No earlier reading
Singapore: 8,782 · world median 701.95 · Researchers per million inhabitants (full-time equivalent). UNESCO Institute for Statistics (UIS), 2024 edition, data for 2024.
Published values in that edition run from 1.446 to 18,130; higher is better.
Position 5th of 145 · derived.
Global Innovation IndexWorld Intellectual Property Organization · 2025 · world median 28.5259.9428.52No real change since 2022
Singapore: 59.94 · world median 28.52 · GII score (0–100). World Intellectual Property Organization, 2025 edition, data for 2025.
Published values in that edition run from 11.94 to 65.96; higher is better.
Ranked 5th of 139 by World Intellectual Property Organization.
Government AI Readiness IndexOxford Insights · 2025 · world median 40.1976.4240.19No real change since 2020
Singapore: 76.42 · world median 40.19 · AI readiness score (0–100). Oxford Insights, 2025 edition, data for 2025.
Published values in that edition run from 12.12 to 88.36; higher is better.
Ranked 7th of 195 by Oxford Insights.
Informal Output (DGE Model Estimate)World Bank Group (Prospects Group) · 2020 · world median 27.510.7727.5No real change since 2010
Singapore: 10.77 · world median 27.5 · Informal output, model estimate (% of official GDP). World Bank Group (Prospects Group), 2020 edition, data for 2020.
Published values in that edition run from 7.91 to 60.43; lower is better.
Comprehensive Wealth per CapitaWorld Bank Group · 2020 · world median 46,486704,23946,486▲ Improved since 2010
Singapore: 704,239 · world median 46,486 · National comprehensive wealth per person (real chained 2019 US$). World Bank Group, 2020 edition, data for 2020.
Published values in that edition run from 4,276 to 1,246,092; higher is better.
Position 9th of 150 · derived.
Firms Competing Against Informal FirmsWorld Bank Group · 2026 · world median 41.8113.9141.81No earlier reading
Singapore: 13.91 · world median 41.81 · Firms competing against unregistered or informal firms (%). World Bank Group, 2026 edition, data for 2026.
Published values in that edition run from 1.926 to 90.5; lower is better.
Position 166th of 181 · derived, 1st = worst.
Food Production IndexFAO · 2022 · world median 106.08131.01106.08▲ Improved since 2012
Singapore: 131.01 · world median 106.08 · Food production index (2014–2016 = 100). Food and Agriculture Organization of the United Nations (FAO), 2022 edition, data for 2022.
Published values in that edition run from 71.08 to 177.49; higher is better.
Position 19th of 195 · derived.
Livestock Production IndexFAO · 2022 · world median 107.06139.04107.06▲ Improved since 2012
Singapore: 139.04 · world median 107.06 · Livestock production index (2014–2016 = 100). Food and Agriculture Organization of the United Nations (FAO), 2022 edition, data for 2022.
Published values in that edition run from 35.52 to 190.08; higher is better.
Position 22nd of 194 · derived.
Actual Individual Consumption per Capita (PPP)World Bank Group · 2021 · world median 12,80035,06612,800▼ Worsened since 2017
Singapore: 35,066 · world median 12,800 · Actual individual consumption per capita (PPP, current international $). World Bank Group, 2021 edition, data for 2021.
Published values in that edition run from 688.7 to 52,654; higher is better.
Position 20th of 173 · derived.
Productive Capacities IndexUNCTAD · 2022 · world median 46.6762.2446.67▲ Improved since 2012
Singapore: 62.24 · world median 46.67 · Productive Capacities Index (1–100). UN Trade and Development (UNCTAD), 2022 edition, data for 2022.
Published values in that edition run from 17.8 to 71.02; higher is better.
Position 25th of 195 · derived.
Digitally-Deliverable Services ExportsUNCTAD · 2024 · world median 25.4257.4125.42No real change since 2014
Singapore: 57.41 · world median 25.42 · Digitally-deliverable services exports (% of services exports). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.
Published values in that edition run from 0.377 to 87.15; higher is better.
Position 23rd of 170 · derived.
Total Factor Productivity LevelGGDC · 2023 · world median 0.6270.8330.627▲ Improved since 2013
Singapore: 0.833 · world median 0.627 · TFP level at current PPPs (USA = 1). Groningen Growth and Development Centre (GGDC), 2023 edition, data for 2023.
Published values in that edition run from 0.052 to 1.192; higher is better.
GDP GrowthWorld Bank Group · 2025 · world median 3.3965.0263.396▲ Improved since 2015
Singapore: 5.026 · world median 3.396 · GDP growth (annual %). World Bank Group, 2025 edition, data for 2025.
Published values in that edition run from -5.847 to 19.34; higher is better.
Position 44th of 186 · derived.
Business Ready: Regulatory FrameworkWorld Bank Group · 2024 · world median 66.872.4666.8No earlier reading
Singapore: 72.46 · world median 66.8 · Regulatory framework score (0–100). World Bank Group, 2024 edition, data for 2024.
Published values in that edition run from 46.21 to 78.34; higher is better.
Position 14th of 50 · derived.
Firms with an International Quality CertificationWorld Bank Group · 2026 · world median 10.416.5310.4No earlier reading
Singapore: 16.53 · world median 10.4 · Firms with an internationally recognised quality certification (%). World Bank Group, 2026 edition, data for 2026.
Published values in that edition run from 0 to 45.77; higher is better.
World Energy Trilemma IndexWorld Energy Council · 2023 · world median 63.870.163.8No earlier reading
Singapore: 70.1 · world median 63.8 · Trilemma score (0–100). World Energy Council, 2023 edition, data for 2023.
Published values in that edition run from 27.7 to 83.2; higher is better.
Ranked 31st of 99 by World Energy Council.
Management Practices IndexWorld Bank Group · 2026 · world median 52.3953.3752.39No earlier reading
Singapore: 53.37 · world median 52.39 · Management practices index, medium and large firms (0–100). World Bank Group, 2026 edition, data for 2026.
Published values in that edition run from 28.07 to 69.29; higher is better.
Position 79th of 169 · derived.
Behind the world median3
Statistics on which Singapore does worse than the middle country measured.
ICT Services ExportsUNCTAD · 2024 · world median 7.4747.2397.474No real change since 2014
Singapore: 7.239 · world median 7.474 · ICT services exports (% of services exports). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.
Published values in that edition run from 0 to 56.25; higher is better.
Position 65th of 118 · derived.
Gini Index of Disposable Income (SWIID)Frederick Solt, University of Iowa · 2023 · world median 3335.933▼ Worsened since 2013
Singapore: 35.9 · world median 33 · Gini index of disposable household income (0–100), SWIID estimate. Frederick Solt, University of Iowa, 2023 edition, data for 2023.
Published values in that edition run from 22.3 to 51.2; lower is better.
Position 30th of 79 · derived, 1st = worst.
Crop Production IndexFAO · 2022 · world median 106.2390.86106.23▼ Worsened since 2012
Singapore: 90.86 · world median 106.23 · Crop production index (2014–2016 = 100). Food and Agriculture Organization of the United Nations (FAO), 2022 edition, data for 2022.
Published values in that edition run from 53.79 to 189.93; higher is better.
Position 168th of 195 · derived.
No better end28
These describe the shape of a country — more is not better or worse, only different — so they are never ahead or behind.
Exports of Goods and Services (% of GDP)World Bank Group · 2025 · world median 36.34177.8536.34No real change since 2015
Singapore: 177.85 · world median 36.34 · Exports of goods and services (% of GDP). World Bank Group, 2025 edition, data for 2025.
Published values in that edition run from 1.103 to 199.76.
Position 3rd of 138 · derived, counted from the highest value.
Imports of Goods and Services (% of GDP)World Bank Group · 2025 · world median 41.72142.4541.72No real change since 2015
Singapore: 142.45 · world median 41.72 · Imports of goods and services (% of GDP). World Bank Group, 2025 edition, data for 2025.
Published values in that edition run from 1.279 to 196.89.
Position 3rd of 138 · derived, counted from the highest value.
Trade (% of GDP)World Bank Group · 2025 · world median 79.68320.3179.68No real change since 2015
Singapore: 320.31 · world median 79.68 · Exports plus imports (% of GDP). World Bank Group, 2025 edition, data for 2025.
Published values in that edition run from 2.382 to 396.65.
Position 3rd of 138 · derived, counted from the highest value.
Merchant Fleet by Country of OwnershipUNCTAD · 2026 · world median 275.73182,417275.73No real change since 2016
Singapore: 182,417 · world median 275.73 · Merchant fleet owned (thousand dead-weight tons). UN Trade and Development (UNCTAD), 2026 edition, data for 2026.
Published values in that edition run from 0 to 397,071.
Container Port TrafficUNCTAD · 2024 · world median 1,827,78841,124,1001,827,788No real change since 2014
Singapore: 41,124,100 · world median 1,827,788 · Container port traffic (TEU, twenty-foot equivalent units). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.
Published values in that edition run from 17,263 to 299,703,800.
Position 3rd of 103 · derived, counted from the highest value.
Foreign Direct Investment InflowsUNCTAD · 2025 · world median 1.96826.151.968Moved since 2015
Singapore: 26.15 · world median 1.968 · FDI inflows (% of GDP). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.
Published values in that edition run from -32.97 to 2,221.
Gross Savings (% of GDP)World Bank Group · 2024 · world median 22.0640.4522.06No real change since 2014
Singapore: 40.45 · world median 22.06 · Gross savings (% of GDP). World Bank Group, 2024 edition, data for 2024.
Published values in that edition run from -21.13 to 47.82.
Position 7th of 146 · derived, counted from the highest value.
Services ExportsUNCTAD · 2025 · world median 9.60273.29.602No real change since 2015
Singapore: 73.2 · world median 9.602 · Services exports (% of GDP). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.
Published values in that edition run from 0.085 to 166.21.
Foreign Value Added Share of Gross ExportsOECD · 2022 · world median 27.4146.1227.41Moved since 2012
Singapore: 46.12 · world median 27.41 · Foreign value added (% of gross exports). OECD, 2022 edition, data for 2022.
Published values in that edition run from 4.491 to 66.08.
Creative Services ExportsUNCTAD · 2024 · world median 6.171226.171Moved since 2014
Singapore: 22 · world median 6.171 · Creative services exports (% of services exports). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.
Published values in that edition run from 0.002 to 63.91.
Scholarly ArticlesOurResearch · 2025 · world median 2,24027,5602,240Moved since 2022
Singapore: 27,560 · world median 2,240 · Articles with at least one author at an institution in the country (full counting). OpenAlex (OurResearch), 2025 edition, data for 2025.
Published values in that edition run from 1 to 1,094,890.
Price Level of Household ConsumptionGGDC · 2023 · world median 0.5230.8510.523No real change since 2013
Singapore: 0.851 · world median 0.523 · Price level of household consumption (US output price level in 2021 = 1). Groningen Growth and Development Centre (GGDC), 2023 edition, data for 2023.
Published values in that edition run from 0.177 to 65.54.
Manufacturing Value Added (% of GDP)World Bank Group · 2025 · world median 11.2617.4311.26Moved since 2015
Singapore: 17.43 · world median 11.26 · Manufacturing value added (% of GDP). World Bank Group, 2025 edition, data for 2025.
Published values in that edition run from 0.481 to 43.97.
Position 26th of 132 · derived, counted from the highest value.
Complexity Outlook IndexGrowth Lab at Harvard University · 2024 · world median -0.2250.821-0.225Moved since 2014
Singapore: 0.821 · world median -0.225 · Complexity Outlook Index (standardised; roughly −2.5 to +3). Growth Lab at Harvard University, 2024 edition, data for 2024.
Published values in that edition run from -1.682 to 2.878.
Creative Goods ExportsUNCTAD · 2024 · world median 1.2352.4831.235Moved since 2014
Singapore: 2.483 · world median 1.235 · Creative goods exports (% of merchandise exports). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.
Published values in that edition run from 0 to 37.23.
Gross Capital Formation (% of GDP)World Bank Group · 2025 · world median 22.9322.4922.93Moved since 2015
Singapore: 22.49 · world median 22.93 · Gross capital formation (% of GDP). World Bank Group, 2025 edition, data for 2025.
Published values in that edition run from -3.679 to 45.27.
Position 69th of 131 · derived, counted from the highest value.
Export Concentration IndexUNCTAD · 2025 · world median 0.3060.2710.306Moved since 2015
Singapore: 0.271 · world median 0.306 · Export concentration index (0–1, normalised Herfindahl–Hirschman). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.
Published values in that edition run from 0.059 to 0.933.
Industry Value Added including Construction (% of GDP)World Bank Group · 2025 · world median 24.6522.6724.65Moved since 2015
Singapore: 22.67 · world median 24.65 · Industry, including construction, value added (% of GDP). World Bank Group, 2025 edition, data for 2025.
Published values in that edition run from 2.228 to 75.09.
Position 94th of 158 · derived, counted from the highest value.
Statutory Corporate Income Tax RateOECD · 2026 · world median 241724No real change since 2016
Singapore: 17 · world median 24 · Combined statutory corporate income tax rate, central and sub-central government (%). OECD, 2026 edition, data for 2026.
Published values in that edition run from 0 to 36.13.
Terms of Trade IndexUNCTAD · 2025 · world median 103.2392.46103.23Moved since 2015
Singapore: 92.46 · world median 103.23 · Terms of trade index (2015 = 100). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.
Published values in that edition run from 38.2 to 1,448.
Tax Revenue (% of GDP)OECD · 2024 · world median 21.8513.4221.85No real change since 2014
Singapore: 13.42 · world median 21.85 · Total tax revenue, all levels of government (% of GDP). OECD, 2024 edition, data for 2024.
Published values in that edition run from 3.11 to 45.18.
General Government ConsumptionWorld Bank Group · 2025 · world median 16.2110.2516.21Moved since 2015
Singapore: 10.25 · world median 16.21 · General government final consumption expenditure (% of GDP). World Bank Group, 2025 edition, data for 2025.
Published values in that edition run from 5.445 to 38.94.
Position 112th of 132 · derived, counted from the highest value.
Commodity Export DependenceUNCTAD · 2024 · world median 67.1724.6567.17Moved since 2014
Singapore: 24.65 · world median 67.17 · Commodity exports (% of merchandise exports, three-year average). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.
Published values in that edition run from 4.605 to 99.77.
Total Natural Resources Rents (% of GDP)World Bank Group · 2021 · world median 1.70801.708Moved since 2011
Singapore: 0 · world median 1.708 · Natural resources rents (% of GDP). World Bank Group, 2021 edition, data for 2021.
Published values in that edition run from 0 to 61.03.
Position 178th of 180 · derived, counted from the highest value.
Inflation, GDP DeflatorWorld Bank Group · 2025 · world median 3.306-1.7963.306Moved since 2015
Singapore: -1.796 · world median 3.306 · Annual change in the GDP implicit deflator (%). World Bank Group, 2025 edition, data for 2025.
Published values in that edition run from -7.93 to 227.09.
Household ConsumptionWorld Bank Group · 2025 · world median 62.0431.0962.04No real change since 2015
Singapore: 31.09 · world median 62.04 · Household and NPISH final consumption expenditure (% of GDP). World Bank Group, 2025 edition, data for 2025.
Published values in that edition run from 25.21 to 133.34.
Position 127th of 131 · derived, counted from the highest value.
Tariff Rate, Applied, Weighted Mean, All ProductsWorld Bank Group · 2022 · world median 3.6603.66No real change since 2012
Singapore: 0 · world median 3.66 · Applied tariff rate, trade-weighted mean (%). World Bank Group, 2022 edition, data for 2022.
Published values in that edition run from 0 to 29.52.
Agriculture, Forestry and Fishing Value Added (% of GDP)World Bank Group · 2025 · world median 6.5720.0256.572No real change since 2015
Singapore: 0.025 · world median 6.572 · Agriculture, forestry and fishing value added (% of GDP). World Bank Group, 2025 edition, data for 2025.
Published values in that edition run from 0.025 to 47.59.
Position 158th of 158 · derived, counted from the highest value.
No current reading for Singapore
Average Monthly Earnings of Employees (last 2021), Debt Service on External Debt, External Debt Stocks (% of GNI), Gini Index, Income Share Held by Lowest 20%, Income Share Held by Richest 10%, Interest Payments on External Debt, New Business Density, Palma Ratio, Research and Development Spending (last 2022) and Statutory Minimum Wage. Listed rather than hidden, so the page can be checked against it.
“Position · derived” is this site’s ordering of the published values, 1st = best unless the row says otherwise; the publisher ranks no country on it. Rank, position and standing
05Country Index 2026
Economy & Innovation among Singapore’s 15 topics
Economy & Innovation is Singapore’s 8th best-placed topic of 15. Strongest first, each marker at its share of that topic’s field.
- Mobility & Trade1st of 1774/4 keys
- Digital & Technology3rd of 1984/4 keys
- Food & Agriculture8th of 1842/4 keys
- Development & Human Capital12th of 1963/3 keys
- Governance & Institutions12th of 1944/4 keys
- Risk & Resilience13th of 1934/4 keys
- Work & Labour17th of 1824/4 keys
- Economy & Innovationjoint 24th of 1764/4 keys
- Health & Wellbeing28th of 2003/4 keys
- Peace & Security33rd of 1774/4 keys
- Education & Knowledge71st of 1983/4 keys
- Democracy & Civil Liberties87th of 1984/4 keys
- Energy91st of 1653/3 keys
- Gender & Equalityjoint 106th of 1834/4 keys
- Environment & Sustainability112th of 1863/4 keys
No standing on Poverty & Inequality: too few of those topics’ key statistics are published for this country.
06The top of the list
Who leads on economy & innovation
The three countries placed highest of 176, and the leaders Singapore can most readily be measured against.
1
AustriaWestern Europe
1st of 176 · 4 of 4 keys
Photo: chensiyuan · CC BY-SA 4.0, greyscale
2
JapanEastern Asia
2nd of 176 · 4 of 4 keys
Photo: JurriaanH · CC BY-SA 3.0, greyscale
3
GermanyWestern Europe
3rd of 176 · 4 of 4 keys
Placed highest nearby
Highest in Asia
Japan2nd4/4 keysHighest in South-eastern Asia
Singapore=24th4/4 keys
Positions out of 176 placed on the topic. A country needs readings on enough keys to be placed, and the top of the list is often held on fewer of them.
07Analysis
Charts and analysis about Singapore and economy & innovation
On economy & innovation
China Leads Global High-Technology Exports
The world’s ten largest high-technology exporters as a treemap, with the rest of the world beside them. Each country’s figure is its own most recent year, between 2022 and 2024.
On economy & innovation
India vs Pakistan 2025: Comparison of Hunger Index, Happiness, HDI, Rule of Law, Literacy & GDP
India and Pakistan on six published measures: hunger, happiness, human development, rule of law, literacy and GDP per capita, each from its own publisher and year.
On economy & innovation
Countries in Asia with the highest average salaries 2024
Thirteen Asian countries by gross average monthly wage, each carrying its WORLD rank rather than an Asian one — so the numbers skip, from 11th place to 45th.
08Questions
Singapore on economy & innovation: questions answered
Every answer is built from the numbers on this page, so none can say something the page does not.
How does Singapore rank on economy & innovation?
Singapore is placed joint 24th of 176 countries on Economy & Innovation in the Country Index 2026, from 4 of its 4 key statistics (GDP per Capita (PPP), Firms with a Bank Loan or Line of Credit, Economic Complexity Index and Account Ownership at a Financial Institution). The position is this site’s ordering of published statistics, not a rank any publisher printed.
What is the latest GDP per Capita (PPP) figure for Singapore?
139,593 in 2025 (gDP per capita (constant 2021 international $, PPP)), according to World Bank Group. The world median in the same edition was 17,265.
What is the latest Firms with a Bank Loan or Line of Credit figure for Singapore?
27.84 in 2025 (firms with a bank loan or line of credit (%)), according to World Bank Group. The world median in the same edition was 35.95.
How have Singapore’s economy & innovation figures changed?
GDP per Capita (PPP) rose from 68,904 in 2000 to 139,593 in 2025; Economic Complexity Index rose from 1.13 in 2000 to 1.52 in 2024; Account Ownership at a Financial Institution fell from 98.22 in 2011 to 97.97 in 2024.
Which economy & innovation statistics are missing for Singapore?
No current reading is published for Singapore on Average Monthly Earnings of Employees, Debt Service on External Debt, External Debt Stocks (% of GNI), Gini Index, Income Share Held by Lowest 20%, Income Share Held by Richest 10%, Interest Payments on External Debt, New Business Density, Palma Ratio, Research and Development Spending and Statutory Minimum Wage. They are listed rather than hidden, so the evidence on the page can be checked against it.
09Method
Method, sources and how to cite
What this topic does not measure
The total size of an economy is deliberately left out: a very large economy spread over a very large population is not doing more for each person. Growth rates, trade shares and the structure of output (how much is farming, industry or services) are published here as context, because they describe an economy's shape rather than how well it serves people. Jobs and wages have their own topic, Work & Labour.
How the Economy & Innovation standing is decided
A standing is this site’s ordering, named with its edition — never a publisher’s rank. 4 key statistics vote, one vote each; every country’s published value becomes a place within that key’s own field, the places are averaged, and the average is never published. A country needs 2 of the 4 keys to be placed.
The economy & innovation method, step by stepHow every standing on this site is built
The key statistics and their licences
- GDP per Capita (PPP) — World Bank Group, CC BY 4.0
- Firms with a Bank Loan or Line of Credit — World Bank Group, CC BY 4.0
- Economic Complexity Index — Growth Lab at Harvard University, CC0 1.0
- Account Ownership at a Financial Institution — World Bank Group, CC BY 4.0
The other 59 statistics on this page come from 14 publishers, each named beside its numbers, with every edition and licence on the datasets pages.
The standing itself is part of the Country Index 2026, published under CC BY-SA 4.0.
Photographs
Singapore’s banner and the countries placed highest, from their profiles: Wikimedia Commons, shown in greyscale, each used under the licence named.
- Singapore (banner) — Khairul Nizam ., CC BY 2.0
- Austria — chensiyuan, CC BY-SA 4.0
- Japan — JurriaanH, CC BY-SA 3.0
- Germany — dronepicr, CC BY 2.0
Cite this page
Nations Inquiry (2026). Singapore: Economy & Innovation — standing and statistics, Country Index 2026. https://nationsinquiry.com/countries/singapore/economy