Country Overview
Singapore has implemented practices that increase the transparency and fairness of public procurement, which help drive investment activity in infrastructure projects. This is supported by Singapore’s ability to borrow debt at low rates to fund investments. To improve the efficiency of infrastructure projects, Singapore could implement a national infrastructure agency to oversee the development of an infrastructure plan and project pipeline.
See Full Overview Data
GDP per capita
63,987 USD
Population
5.7 million persons
Infrastructure quality
95.4 (0-100 best)
Infrastructure investment
1.0% of GDP
Private infrastructure investment
635.4 5-year average, USD millions
Infrastructure gap
0.0% of GDP

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).

Driver
Rank
Score /100
Emerging Aspiring Contender Top performer Global Leader
- No ranking change Ranking increase Ranking decrease

Rank

Score /100

Best practice

1
-
83.4
Global Leader
7
3
77.9
Global Leader
1
-
96.3
Global Leader
48
3
67.3
Contender
10
7
92.8
Global Leader
43
13
33.2
Contender
3
-
84.1
Global Leader
11
-
70.0
Global Leader

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.

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. 

High income country average

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.

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.

High income country average

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.

Governance Regulatory Permits Planning Procurement Activity Funding Financial
Driver
Rank
Score /100
Emerging Aspiring Contender Top performer Global Leader
- No ranking change Ranking increase Ranking decrease

Metric

Singapore

High Income Countries Average

Source Link

28.2%

Recovery rate

The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.

88.7
68.3

20.7%

Rule of law

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.

86.9 (+0.4)
74.3

18.1%

Post-completion reviews

Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.

Yes
-

15.1%

Shareholder governance

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).

50.0
48.1

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.

75.2 (+0.2)
61.9

5%

Infrastructure or PPP agency

Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.

Yes
-

Singapore

High Income Countries Average

88.7
68.3
86.9 (+0.4)
74.3
Yes
-
50.0
48.1
75.2 (+0.2)
61.9
Yes
-

Country Overview Data

Singapore has implemented practices that increase the transparency and fairness of public procurement, which help drive investment activity in infrastructure projects. This is supported by Singapore’s ability to borrow debt at low rates to fund investments. To improve the efficiency of infrastructure projects, Singapore could implement a national infrastructure agency to oversee the development of an infrastructure plan and project pipeline.
GDP per capita

63,987 USD

Population

5.7 million persons

Infrastructure quality

95.4 (0-100 best)

Infrastructure investment

1.0% of GDP

Private infrastructure investment

635.4 5-year average, USD millions

Infrastructure gap

0.0% of GDP

GDP

362.8 USD billion

GDP growth rate

0.5%

GDP per capita growth rate

-0.9%

Gross Government Debt

114.0% of GDP

Inflation rate

0.7%

Summary credit rating

98.0 (0-100 best)

Unemployment rate

3.6%

Urbanisation ratio

100.0% of total population

Quality of road infrastructure

6.5 (1-7 best)

Efficiency of train services

5.8 (1-7 best)

Efficiency of air transport services

6.7 (1-7 best)

Efficiency of seaport services

6.5 (1-7 best)

Electricity access

100.0% of population

Electricity supply quality

1.9% of output lost

Exposure to unsafe drinking water

1.7% of population

Reliability of water supply

6.8 (1-7 best)

Digital Adoption Index

0.9 (0-1 best)

Mobile-broadband subscriptions

145.7 per 100 population

Fixed-broadband Internet subscriptions

25.9 per 100 population