Starting a business - Score in Singapore
Singapore: Starting a business - Score was 98.23 in 2019. ▲ Rising
Starting a business - Score in Singapore, 2003–2019
Source: World Bank.
Analysis
In 2019, starting a business - score in Singapore stood at 98.23. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 1.8% over ten years.
Over the whole period, starting a business - score in Singapore peaked at 98.23 in 2019 and was at its lowest, 89.17, in 2003.
Singapore ranks 4th of 191 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Starting a business - Score in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 89.17 | — |
| 2004 | 89.17 | +0.0% |
| 2005 | 91.15 | +2.2% |
| 2006 | 91.16 | +0.0% |
| 2007 | 92.89 | +1.9% |
| 2008 | 94.73 | +2.0% |
| 2009 | 96.46 | +1.8% |
| 2010 | 96.46 | +0.0% |
| 2011 | 96.47 | +0.0% |
| 2012 | 96.48 | +0.0% |
| 2013 | 96.48 | +0.0% |
| 2014 | 96.48 | +0.0% |
| 2015 | 96.49 | +0.0% |
| 2016 | 96.49 | +0.0% |
| 2017 | 96.49 | +0.0% |
| 2018 | 98.23 | +1.8% |
| 2019 | 98.23 | +0.0% |
Singapore compared with similar countries
- Singapore's 98.23 is above the median for high income countries, which is 91.07, 1.1× the median. (62 countries reporting)
- Singapore's 98.23 is above the median for East Asia & Pacific, which is 86.39, 1.1× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 92.1 | 89.17 | 96.46 | 7 |
| 2010s | 96.83 | 96.46 | 98.23 | 10 |
Countries ranked near Singapore
More private sector data for Singapore
- Merchandise trade 177.6% (2025)
- Food imports 3.7% (2024)
- Manufactures imports 70.9% (2024)
- Merchandise imports 505.84 billion current US$ (2025)
- Food exports 2.8% (2024)
- Manufactures exports 74.5% (2024)
- Merchandise exports 566.87 billion current US$ (2025)
- Merchandise exports (current US$), per capita 92,760 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.9387 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 12.11 % change on previous year (2025)
Frequently asked questions
- What is starting a business - score in Singapore?
- Starting a business - score in Singapore was 98.23 in 2019, according to the World Bank.
- What is the highest starting a business - score recorded in Singapore?
- The highest recorded value was 98.23 in 2019.
- What is the lowest starting a business - score recorded in Singapore?
- The lowest recorded value was 89.17 in 2003.
- How does Singapore rank for starting a business - score?
- Singapore ranks 4th out of 191 countries with data for 2019.
- Is starting a business - score rising or falling in Singapore?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from the World Bank, published as part of Starting a business - Score. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The score for starting a business is the simple average of the scores for each of the component indicators: the procedures, time and cost for an entrepreneur to start and formally operate a business, as well as the paid-in minimum capital requirement.