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DHL: Singapore is a top ranking country in global connectedness

F.Y. Teng | March 11, 2013
The island-state is number one in Trade, Capital and People flows in the East Asia and Pacific region.

DHL, one of the world's leading logistics providers, announced Monday (March 11, 2013) the release of its second annual Global Connectedness Index (GCI), which "measures and analyses the global connectedness of 140 countries, covering 99 percent of the world's GDP and 95 percent of its population." The report lays out the "connectedness" of economies by measuring the flow of exchange running through what it refers to as the "four pillars" of those economies-Trade, Capital, People and Information.

And this latest edition of the GCI report (2012) ranks Singapore as the number one economy in the East Asia & Pacific region for Trade, Capital and People, and second for Information. Also, in the GCI 2012 index, Singapore ranks among the top 10 economies in the world for all four "pillars" and is the overall second highest ranking economy in the world.

With reference to the findings detailed in the report, DHL executives have pointed out that "Singapore's overall number two ranking among the top 10 countries on the four pillars of the index puts its ahead of matured economies such as Switzerland, Hong Kong and the United States."

"The City's achievement, which saw the second largest increase in connectedness from 2010 to 2011, underscores the strong trade relations with trade entities such as the European Union," they said in a statement to the press on Monday. "EU-Singapore trade achieved a high of 41 percent between 2009 and 2011 and was worth a whopping €76 billion in 2011."

 

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