Singapore—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #64 of 116Updated April 2026
Latest Value
17 years
2023
Global Rank
#64
of 116 countries
Singapore's average firm age (years) was 17 years in 2023, ranking #64 out of 116 countries. Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 17 years |
Top Countries — Average Firm Age (years)
About This Indicator
Definition
The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.