Hong Kong vs Singapore
A data-driven side-by-side: investment score, economy, business climate, political stability, and tax — to help you decide where to invest, incorporate, or relocate.
Overall: Singapore ranks higher
Singapore scores 92/100 on our composite investment index, ahead of Hong Kong at 72/100. This blends economic strength, political stability, business climate, financial maturity, and growth outlook. Read the breakdown below to see where each country actually leads.
Category breakdown
75
Economic strength
Singapore leads
95
55
Political stability
Singapore leads
98
78
Business climate
Singapore leads
96
82
Financial maturity
Singapore leads
88
52
Growth outlook
Singapore leads
72
Macro snapshot
388
GDP (USD bn)
-9.0 bn
397
2.8%
GDP growth (%)
-0.7 pp
3.5%
$51,400
GDP per capita (USD)
-13600.0
$65,000
2.2%
Inflation (%)
-0.1 pp
2.3%
28.0%
FDI (% of GDP)
+2.9 pp
25.1%
44%
Public debt (% of GDP)
-90.0 pp
134%
7.5
Population (M)
+1.6M
5.9
Hong Kong — strong sectors
- Financial Services22.0% of GDP85
- Trade & Logistics18.0% of GDP78
- Technology8.0% of GDP72
- Real Estate12.0% of GDP62
Singapore — strong sectors
- Trade & Logistics25.0% of GDP94
- Financial Services18.0% of GDP90
- Technology12.0% of GDP88
- Manufacturing21.0% of GDP82
Frequently asked
Which is better for investment: Hong Kong or Singapore?
Our composite investment index gives Hong Kong a score of 72/100 and Singapore a score of 92/100. Singapore ranks higher overall, but the right answer depends on your sector and risk tolerance — see the category breakdown above.
Is Hong Kong a safer market than Singapore?
Risk classification puts Hong Kong as moderate (Growing economy with manageable risks - suitable for diversified portfolios) and Singapore as safe (Strong fundamentals, stable governance, favorable investment climate).
Which has higher GDP growth: Hong Kong or Singapore?
Hong Kong is currently growing at 2.8% per year, vs 3.5% for Singapore. Singapore has the faster headline growth rate today.