Timely indicators: Business bankruptcies in Singapore
Singapore: Timely indicators: Business bankruptcies was 399 Enterprises in 2024. ▲ Rising
Timely indicators of entrepreneurship by enterprise characteristics in Singapore, 2016–2024
Source: Organisation for Economic Co-operation and Development. Measured in Enterprises.
Analysis
The most recent figure for timely indicators of entrepreneurship by enterprise characteristics in Singapore is 399 Enterprises, measured in 2024.
The figure is up 46.2% on the previous year and up 42.5% over ten years.
Over the whole period, timely indicators of entrepreneurship by enterprise characteristics in Singapore peaked at 406 Enterprises in 2019 and was at its lowest, 224 Enterprises, in 2020.
Timely indicators: Business bankruptcies in Singapore, year by year
| Year | Enterprises | Change |
|---|---|---|
| 2016 | 280 Enterprises | — |
| 2017 | 256 Enterprises | -8.6% |
| 2018 | 312 Enterprises | +21.9% |
| 2019 | 406 Enterprises | +30.1% |
| 2020 | 224 Enterprises | -44.8% |
| 2021 | 260 Enterprises | +16.1% |
| 2022 | 257 Enterprises | -1.2% |
| 2023 | 273 Enterprises | +6.2% |
| 2024 | 399 Enterprises | +46.2% |
Singapore compared with similar countries
- Singapore's 399 Enterprises is below the median for high income countries, which is 5,589 Enterprises, 7% of the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 313.5 Enterprises | 256 Enterprises | 406 Enterprises | 4 |
| 2020s | 282.6 Enterprises | 224 Enterprises | 399 Enterprises | 5 |
Countries ranked near Singapore
More economy & growth data for Singapore
- Real gdp growth, annual growth rate -6.01 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.49 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,066 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.451 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0079 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 778.55 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.63 % change on previous year (2025)
Frequently asked questions
- What is timely indicators of entrepreneurship by enterprise characteristics in Singapore?
- Timely indicators of entrepreneurship by enterprise characteristics in Singapore was 399 Enterprises in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest timely indicators of entrepreneurship by enterprise characteristics recorded in Singapore?
- The highest recorded value was 406 Enterprises in 2019.
- What is the lowest timely indicators of entrepreneurship by enterprise characteristics recorded in Singapore?
- The lowest recorded value was 224 Enterprises in 2020.
- How does Singapore rank for timely indicators of entrepreneurship by enterprise characteristics?
- Singapore ranks 13th out of 13 countries with data for 2024.
- Is timely indicators of entrepreneurship by enterprise characteristics rising or falling in Singapore?
- Over the last ten years it is up 42.5%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Timely indicators of entrepreneurship by enterprise characteristics — Business bankruptcies. Statizoid updates them automatically from the source API.
Download this data
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About this data
Timely Indicators of Entrepreneurship have become integral part of business statistics offering of most OECD member countries and beyond. It supplements more complete annual datasets (e.g. Business Demography, Structural Business Statistics by Size class) with more timely monthly or quarterly information on a limited number of indicators.Data are broken down whenever available byeconomic activity according to International Standard Industrial Classification, Revision 4 (ISIC Rev.4): ISIC Rev. 4 at the level of sections (letters) and higher aggregates, most often covering the total economy, geographic area at country and TL2 level of the OECD Territorial grids, legal form into three main groups: Limited liability (LL), Partnership (PA) and Sole proprietorship (SP). With very few exceptions, series are not seasonally or calendar adjusted, so care should be taken in interpreting sub-annual changes. Timely Indicators of Entrepreneurship provide valuable information to policy makers and researchers on most recent trends in business dynamics.Related datasets:Employer Business Demography Statistics,Business Demography Statistics,Structural Business Statistics by Size Class.