Timely indicators of entrepreneurship by enterprise characteristics in Singapore

Singapore: Timely indicators of entrepreneurship by enterprise characteristics was 399 Enterprises in 2024. ▲ Rising

Latest (2024)
399 Enterprises
Change on year
up 46.2%
World rank
13th
of 13 countries
All-time high
406 Enterprises
in 2019
All-time low
224 Enterprises
in 2020
Years of data
9
2016–2024

Timely indicators of entrepreneurship by enterprise characteristics in Singapore, 2016–2024

01002003004002016202020242016: 280 Enterprises2017: 256 Enterprises2018: 312 Enterprises2019: 406 Enterprises2020: 224 Enterprises2021: 260 Enterprises2022: 257 Enterprises2023: 273 Enterprises2024: 399 Enterprises

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 of entrepreneurship by enterprise characteristics in Singapore, year by year

Annual values for Timely indicators of entrepreneurship by enterprise characteristics — Business bankruptcies in Singapore, 2016 to 2024.
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

DecadeAverage LowestHighest Years
2010s 313.5 Enterprises 256 Enterprises 406 Enterprises 4
2020s 282.6 Enterprises 224 Enterprises 399 Enterprises 5

Countries ranked near Singapore

  1. 10 Finland 3,488 Enterprises compare
  2. 11 Belgium 2,960 Enterprises compare
  3. 12 Iceland 1,222 Enterprises compare

See the full ranking of 90 places →

More economy & growth data for Singapore

All data for Singapore →

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.

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Timely indicators of entrepreneurship by enterprise characteristics in Singapore. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 15 September 2026, from https://economy.statizoid.com/stat/timely-indicators-of-entrepreneurship-by-enterprise-characteristics-business-bankruptcies/singapore/

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About this data

Indicator
Timely indicators of entrepreneurship by enterprise characteristics — Business bankruptcies
Unit
Enterprises
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
90 places, 2,104 data points, 1981–2024
Last refreshed

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.