The Singapore economy has consistently performed well. While Singapore operates a free market capital economy, government linked companies contribute substantially to the total GDP.

Singapore has an open business environment. Government regulations and requirements are relatively transparent. Singapore also actively pursues international trade agreements.

Export industries in electronics and chemicals, together with the services sector contribute greatly to the Singapore economy. Singapore is also as strong financial hub within Asia. To remain competitive, the government actively promotes higher value-added activities in the services and manufacturing sectors.

Singapore consistently ranks high on global surveys on competitiveness and performance. Government organizations also maintain and support a pro-business environment.