Indonesia 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 Indonesia at 58/100. 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
62
Economic strength
Singapore leads
95
48
Political stability
Singapore leads
98
55
Business climate
Singapore leads
96
58
Financial maturity
Singapore leads
88
72
Growth outlook
72
Macro snapshot
1,320
GDP (USD bn)
+923.0 bn
397
5.0%
GDP growth (%)
+1.5 pp
3.5%
$4,800
GDP per capita (USD)
-60200.0
$65,000
3.0%
Inflation (%)
+0.7 pp
2.3%
1.8%
FDI (% of GDP)
-23.3 pp
25.1%
39%
Public debt (% of GDP)
-95.0 pp
134%
278
Population (M)
+272.1M
5.9
Indonesia — strong sectors
- Mining & Resources10.0% of GDP78
- Digital Economy5.0% of GDP75
- Palm Oil4.0% of GDP72
- Manufacturing19.0% of GDP68
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: Indonesia or Singapore?
Our composite investment index gives Indonesia a score of 58/100 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 Indonesia a safer market than Singapore?
Risk classification puts Indonesia 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: Indonesia or Singapore?
Indonesia is currently growing at 5.0% per year, vs 3.5% for Singapore. Indonesia has the faster headline growth rate today.