Singapore PESTLE Analysis

Singapore PESTEL Analysis
Technological
Environmental
Legal
Social
Economic
Political
Political Stability
Resilient Economy
The risks of oil spillage in sea around the country are
high
The technological readiness in Singapore is strong
Corporate and personal taxes are low in Singapore
Free Trade Agreements
The overall political risk is low
The GDP is projected to grow at 2% in 2019
The inflation level is also low at less than 3%
Sigapore is supposed to have the highest per capita
income
Asian culture
Education at least at the primary level is mandatory
Average people work in white-collar jobs and pay high
taxes
The physical infrastructure has grawn with technology
The country has a fine logistics backbone to support
businesses
Presence of strong e-governance whice means higher
transparency
Secure waste treatment and disposal is critical in
Singapore
Annual average temperature has increased and sea
levels are rising
Freedom of speech and laws are strict and
implementation is rigid
A National IP Protocol is being created to give
companies access to publicly-funded IP
The overall political risk is low
Corporate taxation is less than 20%
Literacy levels are high
Eligible workforce for the economy
Cost of living is high
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