S’pore is now richest in the world

[hongonn]

Wow, Singapore you did it again.

[Image: GDPpercapita-opt-jpg_085613.jpg]

Singapore topped the list for GDP per capita in 2010, and is expected to continue leading in 2050, according to the Wealth Report 2012 published by Knight Frank and Citi Private Bank.

[Musicwhiz]

Oops, we did it again!

But how come I don't feel any richer?

[CityFarmer]

Oops, we did it again!

But how come I don't feel any richer?

If you do not feel be richer, then the worse for many others here

[hongonn]

More than double GDP per capital by 40 years later.

To achieve that Singaporean must mutate into 2 heads 4 arms and half dozen legs

[Ben]

according to CIA web site, we are 5th in terms of GDP per capital lei...

https://www.cia.gov/library/publications...4rank.html

I think GDP per capital means very little...income disparity, % of top earners, % of low income earners etc tells a more accurate picture.

[yeokiwi]

http://www.thewealthreport.net/The-Wealt...t-2012.pdf

HNWI
For the purpose of this report we
use HNWI as an abbreviation for
high-net-worth individual. Unless
otherwise stated, we define this
as someone having over $25m of
investable assets.


Wow.. very high bar leh..

[Blackjack]

Hmm... Since when is GDP per capita a measure of individual wealth?

[sgd]

This is what I don't like to see in the news isn't it better we just play second or third fiddle keeping a low profile rather than trying to trumpet our achievements to the whole world?

Iceland was like us, small country not very significant in the larger context but good strong economy .. quietly building up their wealth then they moved into financial circles had a few successes and started feeling invincible then the european loansharks moved in. Now they fallen so hard dunno when can get back up again.

The party's over for Iceland, the island that tried to buy the world

Almost overnight, its population became the wealthiest on Earth. Tracy McVeigh in Reykjavik finds that the credit crunch is making the cash disappear

[Image: Blue-Lagoon-460x276.jpg]

source: Guardian article in 2008

[Contrarian]

according to CIA web site, we are 5th in terms of GDP per capital lei...

https://www.cia.gov/library/publications...4rank.html

I think GDP per capital means very little...income disparity, % of top earners, % of low income earners etc tells a more accurate picture.

U go and see how many 40+ and 50+, jobs replaced by the FTs... anmd the FTs earning $200 to $300K per year... all a lot of talking cock type... even headhunters are foreign talent???

That is the type of economic growth our leadership has produced.

They say we should be welcome FTs... 30%... I think our parliament should also have non incumbent ruling party talent... about 30%...
competition of minds bring better policies.

Agree?

[pianist]

A plane delayed at the changi airport, causing passengers delay, 1) overnight stay at hotel at airport, 2) buy food to eat, 3) airline compensate passangers, 4) insurers pay airline, 5) or lawsuits by passangers, legal professionals came in

can i say all these 5 processes contribute to GDP? if yes, GDP isn't any meaningful

sometime it may just mean a lot of frictional costs in the economy?