Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Transparency in public procurement
Singapore's public procurement notices are made available online and tender documents transparently detail procurement procedures. The transparency of the process encourages more participation and competition, which drive value for money.
Cost to start a business
According to the World Bank, Singapore has the second lowest cost to start a business as a share of per capita income in Asia, at 0.4%, easing the entry of new firms.
Summary credit rating
Singapore is AAA-rated by four international credit ratings agencies, with a stable outlook, the highest of all Asian InfraCompass 2020 countries. Singapore's credit rating allows the government to borrow at a lower cost.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Procurement:
Transparency in public procurement
Permits:
Cost to start a business
Funding capacity:
Summary credit rating
Opportunities to Grow
Published infrastructure plan
Singapore does not have a national or sub-national infrastructure plan. The addition of an infrastructure plan could highlight infrastructure challenges and opportunities for investment, as well as detail the government's planned responses.
Environmental impact analysis
According to the World Bank, Singapore does not have a regulated requirement for environmental impact assessment. However, Singapore has a systematic framework in place to determine and mitigate the potential environmental impact of all new infrastructure developments through its development planning process.
Gross government debt
Singapore’s gross government debt is 114% of GDP, above the High Income Countries’ average of 74% of GDP. However, Singapore’s balance sheet is stronger than this figure suggests, with the country being a net creditor once assets are taken into account.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Planning:
Published infrastructure plan
Planning:
Environmental impact analysis
Funding capacity:
Gross government debt
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Singapore
High Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
72,795 USD
Population5.5 million persons
95.4 (0-100 best)
Infrastructure investment1.0% of GDP
Infrastructure gap0.0% of GDP
362.8 USD billion
GDP growth rate0.5%
GDP per capita growth rate-0.9%
Gross Government Debt114.0% of GDP
Inflation rate0.7%
Summary credit rating98.0 (0-100 best)
Unemployment rate3.6%
Urbanisation ratio100.0% of total population
Quality of road infrastructure6.5 (1-7 best)
5.8 (1-7 best)
Efficiency of air transport services6.7 (1-7 best)
Efficiency of seaport services6.5 (1-7 best)
Electricity access100.0% of population
Electricity supply quality1.9% of output lost
Exposure to unsafe drinking water1.7% of population
Reliability of water supply6.8 (1-7 best)
Digital Adoption Index0.9 (0-1 best)
Mobile-broadband subscriptions145.7 per 100 population
Fixed-broadband Internet subscriptions25.9 per 100 population