A city-state located at the tip of the Malay Peninsula with a population of 5.2 million, Singapore is arguably the most successful among the four “Asian Tigers” — a group that also includes Hong Kong, Taiwan and South Korea.
When this former British colony became a fully independent country in 1965, its per capita gross domestic product (GDP) was a lowly $511. Today, that figure has risen to $60,900, making Singapore wealthier per capita than the United States.
Singapore appears at the top of the annual global economic rankings with astonishing regularity, outranking the United States by almost every measure. read more…