singapore's SWOT

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Singapore's SWOT analyse

Weakness

Government involvement

Constant government intervention in business can hamper investment by imposing strict regulations and procedures for doing business in the country.

Global orientation

export-oriented country's economic growth is subject to global demand, in particular, the US and those more developed nations.if massive environmental changes occur, Singapore needs slow or even reverse economic growth as countries recover.

connected to the global economy,easy to suffer from any global slowdown in the economy.

Close to 2 of BRIC countries

Buyers may be influenced by other countries,While there are a number of location choices:India and China,there are limitations of each location.

Island size

Because of size of island is limited, this will restrict business development.

Strengths

Having a good business environment

In East Asia&Pacific area,Singapore is a country which belong to high income category, and has relatively high ranks in terms of all business topics.

Easy for starting business

Incorporating a company and register for taxes using the same online form

Stronger consumption ability

GNI per capita increased from 32780.0 in 2001 to 55790.0 in 2010;GDP increased from 91148.4 million US dollars in 2001 to 208765.0 US dollars in 2010, the GDP growth is 14.5%.

Low terrorism and political violence

Peace political environment can help investor avoiding influence of wars, and focus on its investment.

Threats

Muti-lingual nation

Subtopic

Singapore's officical languages are English,Malay,Chinese and Tamil.

Rising sea level

It means many islands will perish or lest useless and decrease scarce land resources.

Supply chain not completely

Singpore is a country depend on exportation, manufacturer always needs to import raw materials.

Substitute products

Singpore is a mature developed business market.

Opportunity

Land may increased

Solving land disputes with Malaysia and Indonesia can help increase land.

Business cost cheaper

Emerging markets and expansion abroad

More business changes, or new business area.

Tourism country

More buyers from the world every year.