Singapore is far ahead of its Asia-Pacific peers in terms of GDP per person.
Singapore was ranked Asia-Pacific’s, and indeed the world’s, most competitive country/region for 2019.
Singapore also performs well on the world digital ranking, sitting behind only the USA.
Singapore is one of the most economically free countries in the Asia-Pacific region.
However, economic growth has stagnated for a number of years, worsened in 2020 by the impact of the COVID-19 pandemic.