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SINGAPORE’S

ENTERPRISE

LANDSCAPE

(Excludes Public Sector)

2023

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NUMBER AND SHARE OF ENTERPRISES

By Revenue Size In 2023

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In 2023, there were 345,100 enterprises in Singapore’s enterprise landscape. Banding these enterprises by their operating revenue, the vast majority were enterprises with revenue less than S$1 million.

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REVENUE SIZE OF ENTERPRISES

LEGEND :numberofenterpriseNumber of EnterprisesshareoftotalenterpriseShare of Total Enterprises​
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SHARE OF TOTAL VALUE-ADDED AND TOTAL EMPLOYMENT OF ENTERPRISES

By Revenue Size In 2023

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Value-added contribution of the different sized enterprises formed an inverted triangle, where enterprises with revenue above S$100 million contributed more than 70% of nominal value-added in 2023. In terms of employment, contribution of the different sized enterprises was generally similar.

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Revenue Size of Enterprise

Notes

  1. Enterprises include incorporated or registered entities (such as company, sole-proprietorship, partnership, association or society, etc) and has revenue or employment in the reference period. Ministries, statutory boards, and government/government-aided schools are excluded.
  2. Employment of enterprises excludes migrant domestic workers, own-account workers and contributing family workers.
  3. Value-added of enterprises excludes ownership of dwellings.
  4. Data may not add up due to rounding.
  5. Revisions to the estimates are due to the incorporation of additional data sources, and methodological reviews undertaken to align with international standards and best practices. Revisions to the employment estimates are also due to a refinement of the scope to exclude own-account workers and contributing family workers, whose business or trade are not incorporated or registered entities with a Unique Enterprise Number. This aligns with the scope of enterprises.