Government Effectiveness: Percentile Rank in Singapore was reported at 100 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Government Effectiveness: Percentile Rank - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Government Effectiveness: Standard Error in Singapore was reported at 0.2553 in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Government Effectiveness: Standard Error - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Singapore SG: Government Effectiveness: Estimate data was reported at 2.205 NA in 2017. This records an increase from the previous number of 2.192 NA for 2016. Singapore SG: Government Effectiveness: Estimate data is updated yearly, averaging 2.183 NA from Dec 1996 (Median) to 2017, with 19 observations. The data reached an all-time high of 2.437 NA in 2008 and a record low of 1.855 NA in 2002. Singapore SG: Government Effectiveness: Estimate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WGI: Country Governance Indicators. Government Effectiveness captures perceptions of the quality of public services, the quality of the civil service and the degree of its independence from political pressures, the quality of policy formulation and implementation, and the credibility of the government's commitment to such policies. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution, i.e. ranging from approximately -2.5 to 2.5.

Government Effectiveness: Estimate in Singapore was reported at 2.3175 in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Government Effectiveness: Estimate - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Government Effectiveness: Percentile Rank, Lower Bound of 90% Confidence Interval in Singapore was reported at 97.64 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Government Effectiveness: Percentile Rank, Lower Bound of 90% Confidence Interval - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

新加坡 SG: Government Effectiveness: Estimate在2017达2.205 NA，相较于2016的2.192 NA有所增长。新加坡 SG: Government Effectiveness: Estimate数据按每年更新，1996至2017期间平均值为2.183 NA，共19份观测结果。该数据的历史最高值出现于2008，达2.437 NA，而历史最低值则出现于2002，为1.855 NA。CEIC提供的新加坡 SG: Government Effectiveness: Estimate数据处于定期更新的状态，数据来源于World Bank，数据归类于Global Database的新加坡 – Table SG.World Bank.WGI: Country Governance Indicators。

Singapore: Government effectiveness index (-2.5 weak; 2.5 strong): Dünya Bankası göstergesi için Singapore hakkında 1996 - 2023 arası bilgi. Singapore için bu döneme ait ortalama değer yüzde 2.18 points con un mínimo de 1.79 points en 2002 y un máximo de 2.47 points en 2008.

Singapour: Government effectiveness index (-2.5 weak; 2.5 strong): Pour cet indicateur, La Banque mondiale fournit des données pour la Singapour de 1996 à 2023. La valeur moyenne pour Singapour pendant cette période était de 2.18 points avec un minimum de 1.79 points en 2002 et un maximum de 2.47 points en 2008.

The global market for government-led big data trading centers is experiencing robust growth, driven by increasing government initiatives to leverage data for policymaking, economic development, and improved public services. The rising volume and variety of data generated across various sectors, coupled with advancements in data analytics and processing capabilities, are key catalysts for this expansion. Governments are increasingly recognizing the strategic value of establishing centralized platforms to facilitate data sharing, promote data monetization, and foster innovation within their respective ecosystems. This trend is particularly pronounced in Asia, where numerous national and regional exchanges are emerging, reflecting a commitment to digital transformation and data-driven governance. While precise market sizing data is unavailable, a conservative estimate based on observed growth in related sectors like data analytics and cloud computing suggests a 2025 market value in the range of $5 to $10 billion USD, with a Compound Annual Growth Rate (CAGR) of approximately 15-20% projected through 2033. This growth is anticipated to be fueled by the continued adoption of big data technologies across public sectors and a growing awareness of the potential for data-driven policymaking. Challenges remain, including data privacy concerns, cybersecurity threats, and the need for robust regulatory frameworks to ensure ethical and responsible data handling. Nevertheless, the strategic importance of these trading centers, coupled with ongoing technological advancements and increased governmental investment, ensures sustained growth in the foreseeable future. The competitive landscape is fragmented, with numerous government agencies and specialized exchanges operating globally. Key players include national initiatives such as Data.gov (USA), Data.gov.uk (UK), and Data.gov.sg (Singapore), along with regional exchanges in China (Beijing, Shanghai, Guangzhou, Shenzhen, etc.) and other countries. The success of individual centers hinges on factors including the quality and accessibility of the data offered, the robustness of supporting infrastructure, and the effectiveness of governmental policies promoting data sharing and utilization. Future growth will likely be driven by the integration of advanced technologies, such as artificial intelligence and machine learning, into these platforms, enhancing analytical capabilities and enabling more sophisticated applications of data for improved decision-making. Moreover, increased cross-border data sharing and collaboration initiatives between different government-led exchanges will likely further accelerate market expansion and integration.

Smart Government Service Market Outlook

The global smart government service market size is expected to reach USD 89 billion by 2032, exhibiting a robust CAGR of 19.8% from 2024 to 2032. The market size in 2023 was approximately USD 20 billion. This remarkable growth is fueled by the increasing need for digital transformation in public administration, alongside advancements in technology that enable seamless integration, data analytics, and enhanced citizen engagement.

The surge in demand for efficient, transparent, and responsive governance is a significant growth driver for the smart government service market. Governments worldwide are adopting smart technologies to streamline processes, reduce operational costs, and improve service delivery to citizens. The integration of IoT, AI, and big data analytics into government systems is transforming traditional governance models, making them more efficient and citizen-centric. This transformation is not only enhancing the efficiency of public services but also fostering greater trust between governments and their citizens.

Another critical growth factor is the increasing urbanization and the resultant need for smart city initiatives. With more than half of the worldÂ’s population now living in urban areas, there is an unprecedented demand for smart solutions that can handle urban challenges such as traffic management, waste management, and public safety. Smart government services are pivotal to the success of smart city projects, offering solutions that promote sustainable development, efficient resource utilization, and improved quality of life. Governments are investing heavily in ICT infrastructure and smart technologies to address these urban challenges effectively.

Furthermore, the shift towards e-governance and digital government platforms is propelling the smart government service market. Digital government initiatives aim to make public services more accessible, transparent, and efficient. These initiatives include the development of online portals, mobile applications, and digital IDs that facilitate seamless interaction between citizens and government agencies. The COVID-19 pandemic has further accelerated the adoption of digital government services, as remote access to public services became essential during lockdowns and social distancing measures. This shift is expected to continue, driving sustained growth in the smart government service market.

From a regional perspective, North America and Europe are leading the market due to their advanced technological infrastructure and high levels of digital literacy. However, the Asia Pacific region is anticipated to witness the highest growth rate over the forecast period, driven by rapid urbanization, government initiatives promoting digital transformation, and increasing investments in smart city projects. Countries like China, India, and Singapore are at the forefront of adopting smart government services, which is expected to significantly contribute to the regional market growth.

The Government Service Cloud is emerging as a pivotal component in the evolution of smart government services. By leveraging cloud technology, government agencies can enhance their operational efficiency and service delivery. The Government Service Cloud offers a scalable and flexible platform that supports the integration of various digital government initiatives, enabling seamless access to public services. This cloud-based approach not only reduces the need for significant upfront investments in physical infrastructure but also allows for rapid deployment and scaling of services. As governments increasingly adopt cloud solutions, the Government Service Cloud is becoming instrumental in driving digital transformation, fostering innovation, and improving citizen engagement across various regions.

Solution Analysis

The smart government service market is segmented by solution into Government Resource Planning System, Security, Analytics, Open Data Platform, Network Management, Remote Monitoring, and Others. Each segment plays a crucial role in the overall ecosystem of smart government services, addressing specific needs and challenges faced by public administration.

Government Resource Planning (GRP) systems are essential for the efficient management of government resources, including finances, human resources, and assets. These systems provide a unified platform for government agencies to manage their operations, impr

In a survey of Singaporeans on the COVID-19 financial relief package in March 2020, ** percent of respondents were of the opinion that the payment of *** to three quarters of monthly wages would stabilize the economy the most. On April 7, 2020, the government announced the 'Solidarity' budget, in which businesses will receive additional support for labor and rental costs during the "circuit breaker" period.

A survey of Singaporeans on the COVID-19 financial relief package in March 2020 found that ** percent of respondents perceived that the enhanced cash payouts to Singaporeans aged above 21 years old would benefit families the most. On 7 April 2020, the government announced the 'Solidarity' budget, through which residents would receive an additional payout of *** Singapore dollars in cash.

Key information about Singapore Policy Rate

• Singapore cash rate (Policy Rate: Month Avg: Singapore: Overnight Rate) was set at 4.00 % pa in Jun 2023, compared with 3.72 % pa in the previous May 2023.
• Singapore Policy Rate averaged 0.40 % pa and is updated monthly, available from Jul 2005 to Jun 2023.
• The data reached an all-time high of 4.39 % pa in Sep 2022 and a record low of 0.02 % pa in Jul 2011.

• In the latest reports, Singapore SIBOR: SGD: Month End: 3 Months was reported at 4.09 % pa in Jun 2023.
• Its Long Term Interest Rate (Government Securities: Yield: Month End: 10 Years) was reported at 3.08 % pa in Jun 2023.
• Singapore Exchange Rate against USD averaged 1.35 (USD/SGD) in Jun 2023.
• Its Real Effective Exchange Rate was 131.63 in May 2023.

eGovernment Serviceplace Market Outlook

According to our latest research, the global eGovernment Serviceplace market size reached USD 32.4 billion in 2024, demonstrating robust momentum driven by digital transformation initiatives across public sectors worldwide. The market is projected to expand at a CAGR of 13.2% from 2025 to 2033, reaching a forecasted value of USD 98.1 billion by 2033. This growth is primarily fueled by the increasing demand for efficient, transparent, and user-centric public services, as governments globally prioritize modernization, digital inclusion, and streamlined citizen engagement.

The surge in the eGovernment Serviceplace market is largely attributed to the rapid adoption of digital technologies within government operations. Governments are increasingly leveraging advanced software, hardware, and services to automate administrative processes, enhance service delivery, and ensure greater accountability. The proliferation of smartphones and internet connectivity has made it feasible for citizens to access government services online, thus creating a new standard for public sector efficiency. Additionally, the integration of AI, blockchain, and cloud computing in government frameworks is enabling secure, scalable, and cost-effective service delivery, further propelling market expansion.

Another significant growth driver is the global push for regulatory compliance and data-driven governance. As public sector organizations strive to meet stringent regulatory standards and improve transparency, they are adopting sophisticated eGovernment Serviceplace solutions for identity management, document management, payment and taxation, and licensing. These solutions not only reduce bureaucratic bottlenecks but also foster trust among citizens by ensuring the integrity and confidentiality of their data. The increased focus on digital identity and secure authentication mechanisms is particularly prominent in regions with large populations and complex administrative structures.

Furthermore, the market is witnessing accelerated growth due to the growing emphasis on social welfare and inclusive service delivery. Governments are deploying eGovernment platforms to streamline the distribution of social benefits, subsidies, and welfare schemes, ensuring that assistance reaches the intended beneficiaries efficiently. The COVID-19 pandemic further highlighted the importance of digital government services, as lockdowns and social distancing measures necessitated remote access to essential public services. This shift has reinforced the need for resilient and adaptable eGovernment infrastructures, driving sustained investments in the sector.

Regionally, Asia Pacific stands out as the fastest-growing market, with countries like China, India, and Singapore leading large-scale digital government initiatives. North America and Europe continue to be significant contributors, driven by mature digital ecosystems and strong policy frameworks. Meanwhile, Latin America and the Middle East & Africa are gradually catching up, propelled by increasing internet penetration and ongoing digital transformation projects. Each region presents unique opportunities and challenges, shaping the global landscape of the eGovernment Serviceplace market.

Component Analysis

The Component segment of the eGovernment Serviceplace market is divided into software, hardware, and services, each playing a pivotal role in the digital transformation of public sector operations. Software solutions constitute the largest share, as they form the backbone of digital government platforms. These include content management systems, workflow automation tools, citizen engagement portals, and analytics platforms. The evolution of software in this segment is characterized by increasing modularity, scalability, and integration with emerging technologies such as artificial intelligence and blockchain, enabling governments to deliver more responsive and personalized services.

Hardware remains an essential component, particularly in regions where digital infrastructure is still developing. This includes servers, networking equipment, biometric devices, and secure data storage solutions. As governments expand their digital footprints, investments in robust and scalable hardware become critical to ensure the reliability and security of

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_b2adcabcfc9c4352f3086f1a61f77bc0/view

According to the Corruption Perception Index in 2024, Denmark, with a score of 90, was the least corrupt country in the world, with Finland and Singapore following behind. Points considered when calculating the perception of countries' levels of corruption include: bribery of public officials, kickbacks in public procurement, embezzlement of state funds, and how effective public sector anti-corruption efforts have proven to be. A score of 0 indicates high perceptions of corruption and a score of 100 indicates that no corruption is perceived in the respective country.

Singapore led the Index of Economic Freedom in 2024, with an index score of 83.5 out of 100. Switzerland, Ireland, Taiwan, and Luxembourg rounded out the top five. Economic Freedom Index In order to calculate the Economic Freedom Index, the source takes 12 different factors into account, including the rule of law, government size, regulatory efficiency, and open markets. All 12 factors are rated on a scale of zero to 100 and are weighted equally. Every country is rated within the Index in order to provide insight into the health and freedom of the global economy. Singapore's economy Singapore is one of the four so-called Asian Tigers, a term used to describe four countries in Asia that saw a booming economic development from the 1950s to the early 1990. Today, the City-State is known for its many skyscrapers, and its economy continue to boom. It has one of the lowest tax-rates in the Asia-Pacific region, and continues to be open towards foreign direct investment (FDI). Moreover, Singapore has one of the highest trade-to-GDP ratios worldwide, underlining its export-oriented economy. Finally, its geographic location has given it a strategic position as a center connecting other countries in the region with the outside world. However, the economic boom has come at a cost, with the city now ranked among the world's most expensive.

Global Affairs Canada uses the audit process as an important way to ensure the efficient use of public funds. The Office of the Chief Audit Executive leads this work by reviewing and assessing management practices and controls. Once the audit engagement is complete, the audit team recommends areas of improvement throughout the department. Global Affairs Canada regularly performs internal audits of its foreign affairs, international development and trade programs. The department then follows a diligent process to respond to all audit findings. This includes following up on detailed management action plans to specifically address any gaps or issues identified by the audits. These action plans ensure that recommendations are implemented and that risks are mitigated. Ultimately, they provide guidance on appropriate oversight and effective use of public funds so that Global Affairs Canada’s programs and activities in Canada and in missions around the world are delivered diligently. In addition, the Office of the Chief Audit Executive provides regular guidance and follow-up to the department throughout the year to ensure progress is being made on the action plans.

A January 2025 survey in Singapore revealed that ** percent of respondents believed that the government and People's Action Party (PAP) had been effective and were likely to win the next general elections. A same percentage of respondents also were of the opinion that they would vote for the opposition parties despite predicting that the PAP would win the election. In contrast, ** percent felt that the country needed a change in direction and a fresh approach.

The average for 2023 based on 193 countries was -0.03 points. The highest value was in Singapore: 2.31 points and the lowest value was in North Korea: -2.39 points. The indicator is available from 1996 to 2023. Below is a chart for all countries where data are available.