Singapore map

  • #1

    on the World Bank’s ease of doing business index.

  • 74%

    internet penetration (2012).

  • 152%

    mobile penetration (meaning that on average people have more than 1 mobile subscription).

The most developed country in the region, Singapore frequently leads global rankings on standard of living, ease of doing business and many other factors. The country has positioned itself as a regional hub for finance, technology and the services sector. A magnet for international talent, the country can be considered a bridge between East and West.
Quick Facts

  • Population: 5.3 million
  • GDP: $275 billion
  • GDP growth: 3.5%

Pros / Cons

  • + Top-notch finance and tech talent
  • + Efficient and corruption-free administration
  • + Numerous free trade agreements with partner countries
  • – High cost of living
  • – Small domestic market
  • – Dependence on global markets
Top Exports

  • Electrical and electronic equipment
  • Mineral fuels and oils
  • Machinery
  • Organic chemicals
  • Optical and photo equipment
  • Plastics and plastic articles

Singapore INSIGHTS


EU and ASEAN to resume negotiations on a bilateral FTA

March 22nd, 2017 by bdg-asia

Ten years ago, the European Union (EU) and the Association of Southeast Asian Nations (ASEAN) started the talks for a Free Trade Agreement (FTA) between the two sides. However, two years later, the talks were discontinued as the EU instead …


ASEAN celebrates 50th anniversary

March 3rd, 2017 by bdg-asia

As a kick-off for the 50th anniversary of ASEAN (Association of Southeast Asian Nations), the organizations´ Foreign Ministers´ Retreat has been held on Boracay Island in the Philippines.Since its foundation in 1967, ASEAN´s scope has developed way beyond the initial …


ASEAN and the threat of Chinese economic slowdown

August 18th, 2016 by bdg-asia

Once again the business world takes a concerned look at China as recent economic data reveals that both industrial output and retail sales remained below expectations for the month of July. Already, the International Monetary Fund (IMF) was forecasting China´s …


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