GDP Statistics
What is Singapore's economic standing in the global and Asian contexts?
Singapore holds an astonishing economic position with a nominal GDP of US$548 billion as of 2025, ranking as the world's 26th largest economy. This is remarkable considering its small geographic and population size, with its economy roughly equivalent to Thailand's despite having only 1/11th of Thailand's population. In the Asian context, Singapore stands as the 10th largest economy on the continent (excluding Russia), despite being only the 36th most populous Asian country. This dramatic difference between economic ranking and population size highlights Singapore's exceptional economic productivity and strategic importance in the global economy.
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RealLifeLore
01:39 - 02:16
How does Singapore's GDP per capita in 2024 compare to the UK's economic metrics?
As of 2024, Singapore boasts an incredibly impressive GDP per capita of $89,000, ranking it fifth highest in the world behind only Luxembourg, Switzerland, Ireland, and Norway, and placing it ahead of the United States. This represents a significant economic achievement, especially when compared to its former colonial overlord, the United Kingdom. The economic contrast extends to median wages as well, with Singapore's median wage standing at US$46,000 annually, surpassing the UK's median wage of approximately US$44,000 per year. This remarkable economic performance highlights Singapore's successful transformation into a global financial powerhouse, outperforming the very nation that once governed it.
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RealLifeLore
03:05 - 03:45
How does Singapore appear when viewed through an economic lens rather than by its geographic size?
When viewed through an economic lens rather than by geographic size and population, Singapore transforms from a tiny island into a relative colossus. Despite its small physical dimensions, Singapore appears as an economic powerhouse, especially when compared to other nations of similar or even larger geographic size. This economic perspective reveals that the 'Little Red Dot' is no longer so little in global economic terms. With a nominal GDP of US$548 billion ranking it as the 26th largest economy globally, and as the world's 10th largest economy per capita with a GDP of $89,000, Singapore has achieved remarkable growth that belies its geographic limitations.
Watch clip answer (00:17m)RealLifeLore
01:22 - 01:39
What economic impact has Bitcoin mining had in the United States?
Bitcoin mining in the US has become a significant economic force, generating over 31,000 jobs nationwide and contributing more than $4.1 billion annually to the nation's gross product. Texas leads with approximately $1.7 billion in gross product and 12,200 jobs, followed by Georgia ($316.8 million and 2,300 jobs) and New York ($225.9 million and 1,600 jobs). Beyond direct economic contributions, Bitcoin miners enhance local communities through charitable giving, event sponsorships, and infrastructure investments. These activities improve living standards while offering specialized training programs, making Bitcoin mining not just a digital revolution but a transformative economic driver reshaping communities across America.
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WION
00:00 - 01:30
What are the key economic disparities between northern and southern Italy?
According to former Prime Minister Mario Draghi, southern Italy represents the largest underdeveloped region in the eurozone, with stark economic contrasts compared to the north. Southern regions like Calabria and Sicily have GDP per capita levels comparable to Uruguay and Greece, while northern regions like Lombardy and Trentino boast higher GDP per capita than Germany and the UK. The disparity extends dramatically to employment, with southern regions experiencing unemployment rates exceeding 16% - four times higher than northern regions like Lombardy and Veneto, and comparable to geopolitically troubled areas like Kosovo or Libya.
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RealLifeLore
03:03 - 04:25
How has Singapore emerged as a global economic powerhouse despite its small size?
Despite its limited geographic size, Singapore has transformed into a remarkable economic force with a nominal GDP of US$548 billion as of 2025, making it the world's 26th largest economy. This places Singapore far higher in economic rankings than its physical dimensions would suggest, with an economy roughly equivalent to Thailand's despite having only 1/11th of Thailand's population. Singapore ranks as the 10th largest economy on the Asian continent (excluding Russia), despite being only the 36th most populous Asian country. This economic colossus has defied its physical limitations, demonstrating how strategic economic policies can elevate a small island nation into a global financial powerhouse.
Watch clip answer (00:54m)RealLifeLore
01:22 - 02:16