[First drafted June 2024]
This video looked at how Singapore succeeded (AltSimplified).
It broadly (and at times superficially) touches on Government Policies, Housing, National Wages Council, Singapore as a Transshipment hub, Petroleum refinement, Sovereign Wealth Funds, among the factors for Singapore's success.
3 August 2026 (first drafted)
UBS (The Europe-based bank) has this table (2025 figures/estimates):
From the table, on the basis of Average Wealth, the US has the second wealthiest adults, just below Switzerland.
Singapore is 6th, based on Average wealth.
But... But... But...
Haven't we been TOLD that we are practically the WEALTHIEST country or close to the WEALTHIEST, and that Singapore is Wealthier than the US and the UK?
You must mean the IMF figures for GDP per Capita based on Purchasing Power Parity (PPP)?
Yes. That shows Singapore as number 2 or 3. (See Table below.)
Except...
That's the figure for GDP per Capita (PPP).
But... that's the same as "wealth" right?
As this Youtube video explains, no, GDP per Capita is NOT the same as income or wealth, and Average wealth in a country is NOT the same as Median wealth in a country.
As the video explains, Average wealth can be skewed by many millionaires and billionaires in the population. They would pull up the average.
Median wealth measures the value at the 50th percentile of the population.
This is a question, and my answer for non-Singapore citizens (or residents) considering retiring to Singapore.
Singapore has no oil resources as in we do not have oil fields to drill for oil.
But Singapore is a Petro-Giant.
How Singapore became a Petro-giant (Asianometry)
Video: Ex-Brit tells the Truth about Singapore's Politician
Every General Election is for the People's Action Party (PAP) to lose, not for the opposition to win.
Because, the majority of Singaporeans are generally content with the status quo (PAP in power) and are not voting for an overthrow of the PAP govt.
