Ease of doing business index for Singapore
ICBUSEASEXQSGP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for Singapore measures the country's regulatory environment and its impact on business operations. This metric is closely monitored by policymakers and investors to gauge Singapore's economic competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Ease of Doing Business Index evaluates various regulations and procedures that affect starting, operating, and closing a business in an economy. Singapore consistently ranks among the top countries on this index, reflecting its business-friendly policies and efficient bureaucratic processes.
Methodology
The index is calculated annually by the World Bank based on surveys and data collected from businesses in each economy.
Historical Context
The Ease of Doing Business Index is widely used by governments, investors, and international organizations to benchmark and compare countries' regulatory environments.
Key Facts
- Singapore has consistently ranked among the top 3 countries on the Ease of Doing Business Index.
- The index covers 10 areas of business regulation, including starting a business, getting credit, and enforcing contracts.
- Singapore's strong performance on the index is attributed to its efficient bureaucracy, transparent regulations, and business-friendly policies.
FAQs
Q: What does the Ease of Doing Business Index for Singapore measure?
A: The index measures the regulatory environment and its impact on business operations in Singapore, evaluating factors like starting a business, getting credit, and enforcing contracts.
Q: Why is the Ease of Doing Business Index relevant for users or analysts?
A: The index is closely monitored by policymakers, investors, and international organizations to gauge a country's economic competitiveness and the ease of conducting business within its borders.
Q: How is the Ease of Doing Business data collected or calculated?
A: The index is calculated annually by the World Bank based on surveys and data collected from businesses in each economy.
Q: How is the Ease of Doing Business Index used in economic policy?
A: Governments, investors, and international organizations use the index to benchmark and compare countries' regulatory environments, informing policy decisions and investment strategies.
Q: Are there any update delays or limitations for the Ease of Doing Business Index?
A: The index is published annually, with the latest data reflecting the previous year's regulatory environment. While comprehensive, the index may not capture more recent policy changes.
Related Trends
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Value of Exports to Singapore from Mississippi
MSSGPA052SCEN
Number of Identified Exporters to Singapore from New Mexico
NMSGPA475SCEN
Amount Outstanding of Domestic Bonds and Notes in General Government Sector, Long-Term at Original Maturity, Residence of Issuer in Singapore
DBNLTRIAOGGSG
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Constant GDP per capita for Singapore
NYGDPPCAPKDSGP
Citation
U.S. Federal Reserve, Ease of doing business index for Singapore (ICBUSEASEXQSGP), retrieved from FRED.