The 2023 Transparency International Corruption Perceptions Index (TI-CPI) has ranked Singapore the fifth least corrupt country in the world out of 180 countries, with a score of 83. Singapore maintained the same rank and score from the 2022 TI-CPI, and remained the only Asian country which made it into the top 10 list.
The TI-CPI ranks and measures countries by their perceived levels of public-sector corruption. The 2023 TI-CPI draws upon the views of experts and surveys of business people, and is calculated using data from 13 external sources. Countries are then scored on a scale of zero (for highly corrupt) to 100 (for very clean). Transparency International’s 2023 report urged countries to strengthen justice and the effective rule of law, as these are essential for preventing and stopping corruption.
2023 Transparency International Corruption Perceptions Index
The corruption situation in Singapore remains firmly under control, says the country’s Corrupt Practices Investigation Bureau (CPIB), citing Singapore’s high position in other global rankings. In the World Justice Project Rule of Law Index 2023, Singapore was ranked third for “absence of corruption”, the top Asian nation out of 142 countries and jurisdictions around the world. The top-ranked country was Denmark, followed respectively by Norway, Finland, Sweden and Germany.
The Political and Economic Risk Consultancy (PERC) ranked Singapore as the least corrupt country out of 16 economies in its 2023 Report on Corruption in Asia, a position the country has held since 1995.
According to CPIB, domestically, the number of public-sector corruption cases remains consistently low. The public perception surveys that it regularly conducts indicate strong public confidence in its national corruption control efforts.
© 2024 Institute of Singapore Chartered Accountants