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Singapore is now world's second-richest country, far ahead of its Southeast Asian neighbors
Singapore has been named the world's second-richest country, and by far the wealthiest in Southeast Asia, in The Economist's latest annual wealth ranking.
Singapore is now world's second-richest country, far ahead of its Southeast Asian neighbors.
The ranking, which assessed 178 countries, placed Singapore's GDP per person at market exchange rates at US$90,700 in 2024, second only to Switzerland's US$100,000 and ahead of Norway's US$86,800.
No other country in Southeast Asia comes close. Brunei ranks a distant second in the region with US$33,400, followed by Malaysia at US$11,900. Vietnam, one of the region's fastest-growing economies, has a GDP per person of US$4,720, according to the ranking.
Singapore has been named the world's second-richest country, and by far the wealthiest in Southeast Asia, in The Economist's latest annual wealth ranking.
Singapore is now world's second-richest country, far ahead of its Southeast Asian neighbors.
The ranking, which assessed 178 countries, placed Singapore's GDP per person at market exchange rates at US$90,700 in 2024, second only to Switzerland's US$100,000 and ahead of Norway's US$86,800.
No other country in Southeast Asia comes close. Brunei ranks a distant second in the region with US$33,400, followed by Malaysia at US$11,900. Vietnam, one of the region's fastest-growing economies, has a GDP per person of US$4,720, according to the ranking.