Foreign investment floods into Singapore’s financial hub

Singapore has been a key financial hub for decades, but the sector's increasing importance pushed last year's inward direct investment (IDI) flows to a record.

We've charted the past decade of IDI for different industries in the island nation. Professional services, manufacturing and transportation are perennially important, but finance dwarfed them all in 2023. Overall IDI rose 10.2% from a year earlier, reaching SGD 214 billion in 2023.

The US accounted for the majority of this investment into the financial sector, distantly followed by the UK and South Korea, as our subsequent charts show. American firms also made substantial investments in professional, administration, and support services (PAS).

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