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).
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