The World's Richest Country

by Li Dongzheng
(Chofu, Japan)

Lately, I have read a wealth report which put tiny Singapore on the top of the charts this time, as the wealthiest nation in the world by GDP per capita, beating out Norway, the U.S., Hong Kong, and Switzerland.

The report, released by Knight Frank and Citi Private Wealth, estimates Singapore's GDP per capita at US$56,532 in 2010. Measured by purchasing power parity, it is the highest in the world, topping Norway (US$51,226), the US (US$45,511), and Hong Kong (US$45,301).

The report also predicts that Singapore will hold its place as the world's most affluent country in 2050 (by GDP per capita), followed closely by Hong Kong, Taiwan, and South Korea which will displace Norway and Switzerland as the world's richest places.

Wow, Singapore is amazing, isn't it?