Singapore - world's most competitive economy

Published: 10.10.2019 Related countries:  Singapore Singapore

Singapore is the world's most competitive economy, according to an updated global league table. It scored 84.8 out of a possible 100, beating the United States to the top spot in the ranking of 141 economies.

Singapore also was No. 1 for two of the index's other pillars - citizens' healthy life expectancy years and labour markets. The report noted that Singapore also scored well because of its financial system, market efficiency and macroeconomic stability. The report added that Singapore will need to promote entrepreneurship.