Only 1% of firms exceed $100m as enterprises cluster below $1m revenue

Enterprise revenue distribution is heavily skewed towards smaller firms.

Firms with revenue above $100m accounted for 1%—equivalent to 4,300—of Singapore’s 358,300 enterprises in 2024, according to the Department of Statistics Singapore.

Enterprises with an operating revenue of $1m or less made up 77%, or 276,500 firms.

Firms earning between $1m and $10m accounted for 17%, or 61,100 enterprises. Those in the $10m to $100m range made up 5%, or 16,500 firms, the report added.

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