written on 18.11.2020

Singapore Macroeconomic & Competitiveness Snapshot 2020

Singapore is far ahead of its Asia-Pacific peers in terms of GDP per person.

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Singapore was ranked Asia-Pacific’s, and indeed the world’s, most competitive country/region for 2019.

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Singapore also performs well on the world digital ranking, sitting behind only the USA.

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Singapore is one of the most economically free countries in the Asia-Pacific region.

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However, economic growth has stagnated for a number of years, worsened in 2020 by the impact of the COVID-19 pandemic.

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