Timely indicators: Business exits in Singapore
Singapore: Timely indicators: Business exits was 55,491 Enterprises in 2024. ◆ Volatile
Timely indicators of entrepreneurship by enterprise characteristics in Singapore, 1970–2024
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 55,491 Enterprises, measured in 2024.
Compared with earlier readings it is up 7.5% on the previous year and up 30.1% over ten years.
Over the whole period, timely indicators of entrepreneurship by enterprise characteristics in Singapore peaked at 63,406 Enterprises in 2005 and was at its lowest, 148 Enterprises, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Timely indicators: Business exits in Singapore, year by year
| Year | Enterprises | Change |
|---|---|---|
| 1970 | 148 Enterprises | — |
| 1971 | 189 Enterprises | +27.7% |
| 1972 | 202 Enterprises | +6.9% |
| 1973 | 312 Enterprises | +54.5% |
| 1974 | 393 Enterprises | +26.0% |
| 1975 | 551 Enterprises | +40.2% |
| 1976 | 536 Enterprises | -2.7% |
| 1977 | 431 Enterprises | -19.6% |
| 1978 | 696 Enterprises | +61.5% |
| 1979 | 3,139 Enterprises | +351.0% |
| 1980 | 3,686 Enterprises | +17.4% |
| 1981 | 3,950 Enterprises | +7.2% |
| 1982 | 7,739 Enterprises | +95.9% |
| 1983 | 9,681 Enterprises | +25.1% |
| 1984 | 10,971 Enterprises | +13.3% |
| 1985 | 12,848 Enterprises | +17.1% |
| 1986 | 24,629 Enterprises | +91.7% |
| 1987 | 14,786 Enterprises | -40.0% |
| 1988 | 14,587 Enterprises | -1.3% |
| 1989 | 15,604 Enterprises | +7.0% |
| 1990 | 15,427 Enterprises | -1.1% |
| 1991 | 16,133 Enterprises | +4.6% |
| 1992 | 17,029 Enterprises | +5.6% |
| 1993 | 20,922 Enterprises | +22.9% |
| 1994 | 21,768 Enterprises | +4.0% |
| 1995 | 22,843 Enterprises | +4.9% |
| 1996 | 22,635 Enterprises | -0.9% |
| 1997 | 22,547 Enterprises | -0.4% |
| 1998 | 25,451 Enterprises | +12.9% |
| 1999 | 27,495 Enterprises | +8.0% |
| 2000 | 28,948 Enterprises | +5.3% |
| 2001 | 27,535 Enterprises | -4.9% |
| 2002 | 17,729 Enterprises | -35.6% |
| 2003 | 22,304 Enterprises | +25.8% |
| 2004 | 23,320 Enterprises | +4.6% |
| 2005 | 63,406 Enterprises | +171.9% |
| 2006 | 35,972 Enterprises | -43.3% |
| 2007 | 30,777 Enterprises | -14.4% |
| 2008 | 31,977 Enterprises | +3.9% |
| 2009 | 46,250 Enterprises | +44.6% |
| 2010 | 39,979 Enterprises | -13.6% |
| 2011 | 43,216 Enterprises | +8.1% |
| 2012 | 42,415 Enterprises | -1.9% |
| 2013 | 41,777 Enterprises | -1.5% |
| 2014 | 42,651 Enterprises | +2.1% |
| 2015 | 52,153 Enterprises | +22.3% |
| 2016 | 60,747 Enterprises | +16.5% |
| 2017 | 48,204 Enterprises | -20.6% |
| 2018 | 44,814 Enterprises | -7.0% |
| 2019 | 47,320 Enterprises | +5.6% |
| 2020 | 42,474 Enterprises | -10.2% |
| 2021 | 48,715 Enterprises | +14.7% |
| 2022 | 49,469 Enterprises | +1.5% |
| 2023 | 51,630 Enterprises | +4.4% |
| 2024 | 55,491 Enterprises | +7.5% |
Singapore compared with similar countries
- Singapore's 55,491 Enterprises is below the median for high income countries, which is 384,990 Enterprises, 14% of the median. (10 countries reporting)
Biggest year-on-year movements
Years where Timely indicators: Business exits in Singapore changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +351.0% | 696 Enterprises | 3,139 Enterprises |
| 2005 | +171.9% | 23,320 Enterprises | 63,406 Enterprises |
| 1982 | +95.9% | 3,950 Enterprises | 7,739 Enterprises |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 659.7 Enterprises | 148 Enterprises | 3,139 Enterprises | 10 |
| 1980s | 11,848 Enterprises | 3,686 Enterprises | 24,629 Enterprises | 10 |
| 1990s | 21,225 Enterprises | 15,427 Enterprises | 27,495 Enterprises | 10 |
| 2000s | 32,822 Enterprises | 17,729 Enterprises | 63,406 Enterprises | 10 |
| 2010s | 46,328 Enterprises | 39,979 Enterprises | 60,747 Enterprises | 10 |
| 2020s | 49,556 Enterprises | 42,474 Enterprises | 55,491 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 55,491 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 63,406 Enterprises in 2005.
- What is the lowest timely indicators of entrepreneurship by enterprise characteristics recorded in Singapore?
- The lowest recorded value was 148 Enterprises in 1970.
- How does Singapore rank for timely indicators of entrepreneurship by enterprise characteristics?
- Singapore ranks 9th out of 11 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 30.1%. The long-run trend across the full record is volatile.
- 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 exits. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under OECD Terms and Conditions (attribution required).
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.