Richest Country in the World – GEC Business Review

by Kelvin Wong

Singapore is now the richest country in the world as it topped the charts for highest GDP per capita in 2010, registered close to SGD $70,000 (USD $56,532), according to Wealth Report 2012 published by Knight Frank and Citi Private Bank.

Further, Singapore is also expected to continue to be the global leader in 2050, according to the study.

Hong Kong is expected to take over Norway’s position as number two in 2050, followed by Taiwan and South Korea – two countries that failed to make the list in 2010.

Interestingly, the USA is projected to drop from its current third place (2010) to the fifth position (2050).