Share of people who report having intentions to start business in Singapore

Singapore: Share of people who report having intentions to start business was 9.44 in 2014. ▲ Rising

Latest (2014)
9.44
Change on year
down 37.4%
World rank
54th
of 66 countries
All-time high
16.08
in 2012
All-time low
8.76
in 2003
Years of data
9
2002–2014

Share of people who report having intentions to start business in Singapore, 2002–2014

0510152002200820142002: 9.12003: 8.82004: 10.42005: 12.82006: 9.42011: 11.82012: 16.12013: 15.12014: 9.4

Source: Global Entrepreneurship Monitor (2018) – processed by Our World in Data.

Analysis

Singapore recorded 9.44 for share of people who report having intentions to start business in 2014.

The figure is down 37.4% on the previous year and down 9.7% over ten years.

Over the whole period, share of people who report having intentions to start business in Singapore peaked at 16.08 in 2012 and was at its lowest, 8.76, in 2003.

Singapore ranks 54th of 66 countries on this measure, in the bottom quarter.

Share of people who report having intentions to start business in Singapore, year by year

Annual values for Share of people who report having intentions to start business in Singapore, 2002 to 2014.
Year Value Change
2002 9.1
2003 8.76 -3.7%
2004 10.45 +19.3%
2005 12.78 +22.3%
2006 9.41 -26.4%
2011 11.75 +24.9%
2012 16.08 +36.9%
2013 15.09 -6.2%
2014 9.44 -37.4%

Averages by decade

DecadeAverage LowestHighest Years
2000s 10.1 8.76 12.78 5
2010s 13.09 9.44 16.08 4

Countries ranked near Singapore

  1. 51 India 10.33 compare
  2. 52 Italy 10.25 compare
  3. 53 Poland 9.69 compare
  4. 55 Slovakia 9.04
  5. 56 Netherlands 8.11 compare
  6. 57 Sweden 8.08 compare

See the full ranking of 66 places →

More reference data data for Singapore

All data for Singapore →

Frequently asked questions

What is share of people who report having intentions to start business in Singapore?
Share of people who report having intentions to start business in Singapore was 9.44 in 2014, according to Global Entrepreneurship Monitor (2018) – processed by Our World in Data.
What is the highest share of people who report having intentions to start business recorded in Singapore?
The highest recorded value was 16.08 in 2012.
What is the lowest share of people who report having intentions to start business recorded in Singapore?
The lowest recorded value was 8.76 in 2003.
How does Singapore rank for share of people who report having intentions to start business?
Singapore ranks 54th out of 66 countries with data for 2014.
Is share of people who report having intentions to start business rising or falling in Singapore?
Over the last ten years it is down 9.7%. The long-run trend across the full record is rising.
Where does this Singapore data come from?
The figures come from Global Entrepreneurship Monitor (2018) – processed by Our World in Data, published as part of Share of people who report having intentions to start business. Statizoid updates them automatically from the source API.

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Share of people who report having intentions to start business in Singapore. Statizoid, drawing on Global Entrepreneurship Monitor (2018) – processed by Our World in Data. Retrieved 30 August 2026, from https://reference.statizoid.com/stat/share-of-people-who-report-having-intentions-to-start-business/singapore/

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About this data

Indicator
Share of people who report having intentions to start business
Source
Global Entrepreneurship Monitor (2018) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
66 places, 706 data points, 2002–2017
Last refreshed

Percentage of 18-64 population who intend to start a business within three years (individuals already involved in any stage of entrepreneurial activity excluded) plotted against GDP per capita, adjusted for inflation and differences in living costs between countries.