Singapore is a sovereign island country in maritime Southeast Asia. A global city, it has a developed market economy, based historically on extended entrepôt trade and more recently as a financial hub as well. Its economy has a reputation as free, innovative, competitive, dynamic and business-friendly from various multinational economists, think-tanks and organisations. Innovation: Competitiveness: Dynamism: Economic freedom: Singapore is also consistently ranked as one of the least corrupt countries in the world, and the most transparent in all of Asia on the Corruption Perceptions Index (CPI).
Singapore is a wealthy country and is one of the original Four Asian Tigers, having also surpassed its peers in terms of GDP per capita, being the second highest in the world. Between 1965 and 1995, growth rates averaged around 6 per cent per annum, transforming the living standards of the population within a single generation. To start a business in Singapore, business owners have to register with the Accounting and Corporate Regulatory Authority (ACRA). ACRA is the national regulator and company registrar of business entities, accountants and service providers in Singapore.
Largest firms
This list shows firms in the Fortune Global 500, which ranks firms by total revenue for 2024. Only the top five firms (if available) are included as a sample.
RankImageName2024 revenues (USD billion)EmployeesNotes 19 Trafigura Group 244,280 12,479 Parent (Trafigura Beheer BV) is a Swiss/Dutch entity, but primary operations are from the Trafigura Group in Singapore. 198 Wilmar International 67,155 100,000 Wilmar is an agribusiness acting as a holding company for more than 400 subsidiaries.425 Olam Group 35,953 62,548Olam Group is a food and an agribusiness company founded in Nigeria, with primary operations and headquarters in Singapore.
Notable firms
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
See also Economy of Singapore List of largest companies in Singapore List of companies listed on the Singapore Exchange Straits Times Index
References