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.