A Globally Competitive Economy
IMD World Competitiveness Ranking 2020
Singapore topped both IMD's World Competitiveness 2020 and World Economic Forum (WEF)'s Global Competitiveness rankings in 2019.
With Singapore’s digital friendly environment, high quality infrastructure, and efforts in adopting technologies, Singapore ranked first in the IMD Smart City Index (2019) and second globally in the IMD World Digital Competitiveness Ranking (2019).
In terms of innovation performance, Singapore ranked top in Asia in the Global Innovation Index (2019) as we were assessed to be one of the most innovative in terms of the quality of innovation input which include factors such as business environment and government efficiency.
Finally, Singapore was ranked the third most robust data centre market worldwide in Cushman & Wakefield’s Data Centre Competitiveness Index (2019). This is given its access to high speed connectivity, political stability, and low risk of natural disasters.