Unlock long-term growth potential in Southeast Asia

Over 75 percent of Singapore's GDP is generated in the service sector. At the same time, the sector employs more than three quarters of the workforce. Despite the very efficient industrial sector, the dominance of the service industry is likely to increase further in the future.
The most important areas are transportation and logistics, tourism, wholesale and retail and financial services. The city state with its almost 6 million inhabitants is home to over 200 banks. It is not for nothing that Singapore is also known as the “Switzerland of Asia”.
Singapore's port is also one of the world's most important transshipment centers, ahead of Hong Kong and Rotterdam.
As a tourist destination, Singapore attracts around 10 million visitors in years without a pandemic. Tourism has an impact on retail sales, among other things. In addition to tourists, there is also a steadily growing number of medical tourists. They come for the well-trained doctors and the very well-equipped medical sector.

Inhabitants:  6,0 (2023 in Mio.)
Business languages: English
Currency: Singapore-Dollar (S$)

(Source: gtai, Germany Trade and Invest)