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.

Find this article useful?

Get more great articles like this in your inbox every lunchtime

The questions to ask when everything is unknown

Systemic intelligence is an indispensable skill for business leaders.

How to stop your culture going back to normal after COVID

In this video, Capita's Melanie Christopher and Greene King non-exec board director Lynne Weedall discuss...

This isn't just a health crisis, it's an equality crisis

Inspiring Women in Business winners: In the “new normal”, we must make sure that female...

How to build an anti-racist business

You don't need a long history of championing equality to make a difference.

What are Simon Roberts’ big 3 challenges at Sainsbury’s?

The grocer's new CEO has taken the reins at a critical time.

Should CEOs get political?

The protests that have erupted over George Floyd’s murder have prompted a corporate chorus of...