Singapore ranked 3^rd in IMD's World Competitiveness Ranking 2022, with top 10 positions in economic performance, business efficiency and government efficiency.

In terms of digitalisation and innovation parameters, Singapore ranked 1^st in IMD’s Smart City Index 2021, 2^nd in Asia in World Intellectual Property Organization’s Global Innovation Index 2022, and 4^th globally in IMD’s World Digital Competitiveness Ranking 2022.

Singapore also ranked 3^rd globally in Cushman and Wakefield’s Global Data Center Market Comparison 2023 for its market size, fiber connectivity, and cloud availability.

Overall, Singapore's rule of law, digital friendly environment, high quality infrastructure, excellent digital connectivity, and efforts in adopting technologies efficiently continue to be key strengths of Singapore's competitive economy.

Singapore is located at the heart of Southeast Asia and provides excellent global connectivity to serve the fast-growing markets of the Asia-Pacific region and beyond.

Singapore has over 25 FTAs which provide access to the markets of the partner countries. We also have over 90 DTAs which are advantageous to financial institutions (FIs) using Singapore as its regional or global hub.

In addition, Singapore is building linkages, including Bilateral Investment Treaties and FinTech Cooperation Agreements, with emerging economies including in the Middle East, Africa and South America.

FIs in Singapore trade around-the-clock with Asia-Pacific centres, as well as European and American centres. This makes Singapore a hub for 24-hour trading in foreign exchange and securities.

Singapore offers a highly skilled labour force – ranking 2^nd globally, and 1^st in Asia-Pacific in INSEAD's Global Talent Competitiveness Index 2022. Singapore ranked 2^nd globally for its ability to attract and grow talent.

MAS works with industry partners as well as universities to build a sustainable pipeline of professionals and leaders in the financial sector. As part of the Financial Services Industry Transformation Map 2025, MAS announced the S$400m Talent and Leaders in Finance Programme which includes initiatives to provide training support for finance professionals at different stages of their careers, develop specialist talent in areas such as sustainability and technology, and develop leaders through opportunities to acquire technical expertise and international exposure. 

Financial institutions can get support for hiring and training, as well as support for workforce transformation, while finance professionals can tap on funding for skills and career development. View programmes and schemes.

Ranked 1^st in EIU's Business Environment Rankings, Singapore has a conducive environment for business given its regulatory environment, stable and efficient infrastructure to support starting a business, access to financial intermediation and services, and enforcement of contracts.

Singapore's office space remains competitive and attractive relative to other international financial centres such as Hong Kong, London, and New York.

Singapore ranked 11^th in the Jones Lang Lasalle's Global Premium Office Rent Tracker (Q3 2022) and it continues to be cost competitive vis-à-vis other Asian cities.