Singapore leads

Singapore is the most cost-competitive place to set up and operate a business. In this study of nine industrialised countries and 128 cities, it is ahead of the US, Japan, Germany, the UK, France, Italy, Canada and the Netherlands.

Last Updated: 23 Jul 2013

Using the US as a benchmark, Singapore offers a 22.3% advantage overall, based on an analysis of 27 key costs over a 10-year planning horizon.

Canada leads the G7 countries with a 5.5% advantage, while the UK is being overtaken by European rivals (with the exception of high-cost Germany). Both Japan and Germany have an overall cost disadvantage to the US of about 7%.

The UK is the most competitive for manufacturing costs (but only fifth overall), while Singapore's cost advantage is in software - thanks to its lower labour costs. Among cities, New York has the highest overall business costs, followed by Frankfurt and London.

2006 Competitive Alternatives
KPMG, 2006

Review by Steve Lodge.

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