COUNTRY PROFILE. Singapore

Transcription

1 COUNTRY PROFILE Singapore

2 IMD WORLD COMPETITIVENESS RANKING 018 All data are available from the World Competitiveness Online. Visit our eshop 1

3 COMPETITIVENESS TRENDS - OVERALL SINGAPORE OVERALL PERFORMANCE (63 countries) CHALLENGES IN 018 Deepen Deepen and and diversify diversify our our international international connections connections through through trade, trade, investment, and innovation cooperation. Strengthen enterprise capabilities to innovate, raise productivity, and internationalise. Equip workers with the relevant skills to take advantage of new opportunities. Provided Economics by: Division, Ministry of Trade and Industry, Singapore Economics Division, Ministry of Trade and Industry, Singapore 3 3 BASIC FACTS Rank Capital Land area (square km '000) Singapore 1 01 Exchange Rate (per $) Population - market size (millions) Gross Domestic Product (GDP) (US$ billions) GDP (PPP) per capita (US$) 93, Real GDP growth (%) Consumer price inflation (%) Unemployment rate (%).0 01 Labor force (millions) Current account balance (% of GDP) Direct investment stocks inward ($bn) 1, Direct investment flows inward (% of GDP) COMPETITIVENESS LANDSCAPE Economic Performance Government Efficiency Business Efficiency Infrastructure Domestic Economy International Trade International Investment Employment Prices Public Finance Tax Policy Institutional Framework Business Legislation Societal Framework Productivity & Efficiency Labor Market Finance Management Practices Attitudes and Values Basic Infrastructure Technological Infrastructure Scientific Infrastructure Health and Environment Education PEER GROUPS RANKINGS ASIA - PACIFIC (1 countries) POPULATIONS < 0 MILLION (3 countries)

4 COMPETITIVENESS TRENDS - FACTOR BREAKDOWN SINGAPORE ECONOMIC PERFORMANCE Sub-Factor Rankings : 01 Domestic Economy 15 International Trade 1 International Investment Employment 11 Prices GOVERNMENT EFFICIENCY Sub-Factor Rankings : 01 Public Finance 5 Tax Policy 16 Institutional Framework Business Legislation 3 Societal Framework BUSINESS EFFICIENCY Sub-Factor Rankings : 01 Productivity & Efficiency 6 Labor Market 11 Finance Management Practices 1 Attitudes and Values INFRASTRUCTURE Sub-Factor Rankings : 01 Basic Infrastructure Technological Infrastructure 1 Scientific Infrastructure 1 Health and Environment 5 Education

5 IMD WORLD COMPETITIVENESS DIGITAL RANKING 018 All data are available from the World Competitiveness Online. Visit our eshop

6 DIGITAL TRENDS - OVERALL SINGAPORE OVERALL PERFORMANCE (63 countries) Overall Alpha Alpha Factors Beta BetaLabel Gamma GammaLab Sub-Factors Knowledge Talent Training & education Scientific concentration Technology Regulatory framework Capital Technological framework The direction of the triangle indicates the performance change from the last year: improved or stable declined Future readiness Adaptive attitudes Business agility IT integration OVERALL & FACTORS - 5 years OVERALL Knowledge Technology Future readiness COMPETITIVENESS & DIGITAL RANKINGS Digital Competitiveness N.B. This graph provides only a comparison of the country s performance in the two rankings PEER GROUPS RANKINGS ASIA - PACIFIC (1 countries) POPULATIONS < 0 MILLION (3 countries)

7 u Overall top strengths w Overall top weaknesses FACTORS BREAKDOWN - STRENGHTS AND WEAKNESSES SINGAPORE KNOWLEDGE Subfactors Talent Training & education Scientific concentration Talent Rank Rank Rank Training & education Scientific concentration u Educational assessment PISA - Math 1 Employee training 0 Total expenditure on R&D (%) 13 International experience 8 w Total public expenditure on education 60 Total R&D personnel per capita 1 Foreign highly-skilled personnel 3 u Higher education achievement 1 w Female researchers 0 Management of cities 1 Pupil-teacher ratio (tertiary education) 6 w R&D productivity by publication 5 Digital/Technological skills 16 u Graduates in Sciences 1 w Scientific and technical employment 50 Net flow of international students Women with degrees - u High-tech patent grants 1 TECHNOLOGY Subfactors Regulatory framework Capital Technological framework Regulatory framework Rank Capital Rank Technological framework Rank Starting a business IT & media stock market capitalization 5 Communications technology 10 Enforcing contracts Funding for technological development Mobile Broadband subscribers w Immigration laws 58 Banking and financial services 5 Wireless broadband 3 Development and app. of technology 1 Investment risk 3 Internet users 1 Scientific research legislation Venture capital 9 Internet bandwidth speed Intellectual property rights 6 Investment in Telecommunications 0 u High-tech exports (%) 1 FUTURE READINESS Subfactors Adaptive attitudes Business agility IT integration Adaptive attitudes Rank Business agility Rank IT integration Rank E-Participation 8 Opportunities and threats E-Government Internet retailing 6 Innovative firms - Public-private partnerships Tablet possession 0 Agility of companies 6 Cyber security Smartphone possession 35 Use of big data and analytics 1 Sofware piracy 18 Attitudes toward globalization 8 Knowledge transfer 8 6

8 IMD WORLD TALENT RANKING 018 All data are available from the World Competitiveness Online. Visit our eshop

9 IMD World Talent Ranking 018 SINGAPORE OVERALL PERFORMANCE (63 countries) The direction of the triangle Alpha indicates AlphaLabel the Beta BetaLabel Gamma GammaLabel performance change from the last year: 1 improved or stable declined Investment & Development 15 Overall Investment & Development Appeal Appeal Readiness 3 Readiness Investment & Development w Total public expenditure on education Percentage of GDP.9 % 60 Gov. expenditure on education per student Percentage of GDP per capita (secondary education) - % - Pupil-teacher ratio (primary education) Ratio of students to teaching staff ratio 3 Pupil-teacher ratio (secondary education) Ratio of students to teaching staff 1.0 ratio 30 Apprenticeships are sufficiently implemented 5.00 Survey [0..10] 5 Employee training is a high priority in companies 6. Survey [0..10] 0 Female labor force Percentage of total labor force 5.3 % 36 Health infrastructure meets the needs of society 8.03 Survey [0..10] 11 Value 018 Rank Appeal w Cost-of-living index Index of a basket of goods & services in the main city, including housing (New York City = 100) index 58 Attracting and retaining talents is a priority in companies.13 Survey [0..10] 3 Worker motivation in companies is high 6. Survey [0..10] 3 Brain drain (well-educated and skilled people) does not hinder competitiveness in your economy 6.18 Survey [0..10] 1 Quality of life is high 8.6 Survey [0..10] 18 u Foreign highly-skilled personnel are attracted to your country's business environment 8. Survey [0..10] 3 Remuneration in services professions Gross annual income including supplements such as bonuses, US$ 39,80 US$ 18 u Remuneration of management Total base salary plus bonuses and long-term incentives, US$ 9,159 US$ w Effective personal income tax rate Percentage of an income equal to GDP per capita 19.9 % 35 Personal security and private property rights are adequately protected 8.9 Survey [0..10] 6 Value 018 Rank Readiness w Labor force growth Percentage change -0.3 % 5 Skilled labor is readily available 5.8 Survey [0..10] 6 Finance skills are readily available.18 Survey [0..10] 13 International experience of senior managers is generally significant.00 Survey [0..10] 8 Competent senior managers are readily available 6.35 Survey [0..10] 1 Educational system The educational system meets the needs of a competitive economy 8.1 Survey [0..10] u Science in schools is sufficiently emphasized 8.39 Survey [0..10] 1 University education meets the needs of a competitive economy 8.18 Survey [0..10] 5 Management education meets the needs of the business community.8 Survey [0..10] 6 Language skills are meeting the needs of enterprises 8.35 Survey [0..10] 8 u Student mobility inbound Foreign tertiary-level students per 1000 inhabitants 9.06 number 3 u Educational assessment - PISA PISA survey of 15-year olds 560 Average 1 Value 018 Rank 8

10 IMD is ranked in open programs worldwide years in a row. Financial Times Developing leaders Transforming organizations Impacting your future IMD Switzerland Chemin de Bellerive 3 P.O. Box 915 CH-1001 Lausanne Switzerland Central tel: IMD Singapore IMD SE Asia Pte. Ltd South Beach Tower 38 Beach Road #1-11 Singapore 1896 Central tel: Connect with us Talk with us info@imd.org IMD, IMD INTERNATIONAL REAL WORLD. REAL LEARNING, IMD BUSINESS SCHOOL and IMD WORLD COMPETITIVENESS YEARBOOK are trademarks of IMD International Institute for Management Development. IMD 01