Top 10 Reasons Why Singapore is Rich

Did you know Singapore is richer than the United States? With a GDP of over $466 billion, Singapore is the 6th wealthiest nation in the world, with the United States being the 7th nation. And get this: Singapore has done this while being smaller than the United States. I guess size doesn't matter after all. So, how did this small country do it? How has it beaten other countries to become one of the top wealthiest nations in the world? This is the Top 10 Reasons Why Singapore is Rich.

00:00 – Introduction
00:42 – Its Natural Resource
02:39 – Education
03:37 – Industries
05:57 – Ease of Doing Business
06:56 – Low Tax Rate
07:54 – Seaport
09:43 – Infrastructure
11:11 – Savings
11:58 – Keeping a Strong Reserve
13:07 – Visionary Leadership
14:03 – Conclusion

#singapore #rich #economy

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[jychen]

I am proud to be a Singaporean...and I wish Singapore all the very best in the years ahead❤

[jennieloh]

Why SG is rich ? : it was all started with MM Lee. He wiped out all corruptions. If any country has a system of government that is corruptible, the people will remain in poverty, illiterate and still living in slum even from generations to generations. Whether a country is rich or poor has a lot to do with its leader. The traits of a good leader must possess integrity and visions for the future of the people.

[kaffeeistlecker]

Agreed, especially on mr. LKY. He is world greatest leader ever. Singapore so lucky to ever had him. I can't imagine what would Spore be now without him.

[mkang]

Yes 100% correct. The most important reason is Singapore has a near prefect PAP government.

[pierrelanglois]

I am from the US and I spend 6 days June 2024 just incredible had afternoon tea at Raffles hotel dinner at Marina Bay Sands so clean the malls and night life and shows and very safe everybody speaks English and the airport blew my mind

[ericgan]

Congratulations to all Singaporean for being wisen of not putting CLOWNS in the Singapore Government. Prosperity will be guaranteed under great governance.

[skgan]

Be happy n kind here & now, be compassionate to self n others, then you would find Spore here is a nice n rich vibrant place to live n work n retire to. Take care.😊

[DaniloSolomon-lq]

Great model Singapore! Congrats! God bless!

[tanjeffrey]

❤Meritocracy, Pragmatism and Honesty are the fundamental reasons, sound simple but yet not so easy to achieve.😅

[mkang]

The no.1 reason should be because Singapore political system is different to the USA political system.

[georgequek]

I love my country with good govt of SG.👏👍

[WumingBoshi-oeyuibp]

It will be beneficial to Singapore if it also becomes the educational and medical centres in south east Asia.

[suriyatiharijono]

We are lucky had a leader like Mr. LKY..
No.corruption...clean n hornest

[ctanky]

You missed out two very important fundamental aspects of economic growth, i.e. Stable government & very low corruption in Singapore.

[leewn]

U r only partly correct about Singaporeans speaks English is why it attracts foreign investors. The truth is Sg being multiracial country, English is the working language and helps different races communicate effectively and understand each other creating racial harmony. Also the education system makes bi-lingual compulsory with English as the first language and mother tongue as the 2nd language. Hence, Sg can plug well into its surrounding region, with China, India & the West globally.

[twm]

1)Higher average IQ 2)Democracy. 3)Rule of law.4)Free market economy.

[reliancehelpercrystalchai]

If you say, the Kra canal will destroyed Singapore's economy, you are extremely wrong. It won't cripple Singapore's economy because it relies on exports. Based on past year statistics, the increase of exports led to a faster growing economy. Singapore also has reserves which the country use when there isn't even a crisis to keep its economy running and growing.

[mojod]

and affordable public housing also part of the success

[RonniePhua]

Singapore's success i due to our Brilliant Goh Keng Swee.

[tintintin]

I am proud of Singapore's success.
US govt, is still trying hard to prove they are big brother but they are at the highest level of hypocrisy. next time if they come visiting again please pay for their own trip. the last Donald Duck came singapore funded his trip, shame on them!