๐Ÿš€๐Ÿ’ฐ2023 GDP Showdown! Singapore Remains Asia's Star, Macau Jumps to 5th Place

Tiger_SG
01-31

2023 GDP Showdown! Can You Guess Which Country Ranks Moves Higher?

Today, we are going to delve into the economic conditions of the world, especially Singapore, in 2023. Let's see which country stands out in terms of GDP, per capita GDP, and rankings.

The Grand Reveal of TOP 20 Richest Countries of 2023:

World's Richest Country 2023

According to the International Monetary Fund the United States, China, and Japan have the three largest economies in the world by nominal GDP.

In terms of total GDP, the United States is the world's largest economies, while Singapore, though small, is sophisticated. Despite not making the global top 20, Singapore continues to dazzle on the Asian stage.

Looking at per capita GDP, despite the vast GDP of the United States, its large population places it at ninth globally in per capita GDP in 2023. In comparison, the compact city-state of Singapore struts its stuff, securing third place on the global per capita GDP stage.

Here is the 2023 list ranked by GDP per capita:

https://gfmag.com/https://gfmag.com/

Comparing with 2022, the per capita GDP rankings of the top 4 ranks remained unchanged in 2023, and there was growth in per capita income for each.

Brace yourself for the surprise: Macau skyrockets from 16th in 2022 to claim the fifth spot in 2023, causing ripples in the economic pond.

2022 Per Capita GDP Rankings Flashback:

https://gfmag.com/https://gfmag.com/

Many of the worldโ€™s richest countries and territories are also the worldโ€™s smallest: the pandemic and the global economic slowdown barely made a dent in their huge wealth.

๐Ÿš€๐Ÿ’ฐThe Crystal Ball: 2024 Predictions and Tiger Coins Awaits!

As 2023 bids us farewell and 2024 takes the stage, share your crystal ball visions to win Tiger Coins!

  • Do you foresee shifts in rankings?

  • Will Singapore's economy dance to the tune of prosperity or face formidable challenges?

  • But hold on โ€“ how exactly is the world's richest country determined? And why does it matter to know?

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Comments

  • SR050321
    02-01
    SR050321

    Macau is rich because of its location a gateway from China to go to Casino, the place is well connected with public transportation and free shuttle busses to the casinos from ferry terminals and border, it is also a walkable once you are at the city centre, the city is clean, feel safe to walk around on foot, no one bother you. If not a gambler, tourist only need 2-3N stay to move around the city. No wonder their GDP is high, means the local authority knows how to channel their income to create job and income for the locals ๐Ÿ˜

    • SR050321Replyhappiness000:ย 
      Thank you ๐Ÿ˜
    • SR050321Replyhappiness000:ย 
      Once you reached there, you know they are not poor, the housing apartments looks old but well maintain, walk around very peaceful no one quarelled or argue ๐Ÿ˜
    • happiness000:ย 
      ๐Ÿ‘ Amazing insights! Macau's success is truly remarkable! ๐Ÿ™Œ
  • VonCat
    02-01
    VonCat
    Ireland corporate tax rate is 12.5 percent in 2023. Many multinational companies took advantage of Irelandโ€™s low taxes and created tax schemes where they pay little to no taxes. Ireland's generous corporate-tax regime has made it a hub for multinational tech and pharmaceutical companies. These firms generate much of their income in Ireland, inflating its GDP, but funnel that money to their headquarters (or shell companies) abroad.
  • GoodLife99
    02-02
    GoodLife99
    [Surprised] Japan is a very small country & population yet it ranked no.3 in 2023 World's richest country!

    Same goes with Singapore, it's proven well managed from the government which able to compete with other big ountries with it's small land/population. Hope SG ables to move a step further to be rank no. 2 or even no.1 in 2024 by GDP per capita!

    Tigers, come comment to win coinsss!

  • Alubin
    02-02
    Alubin
    Unsure if Singapore figures are truly reflective as it may be skewed by exceptional overachieving business that are not the majority of the players in sg
  • junkow
    02-02
    junkow
    Great ariticle, would you like to share it?
  • Sonsonkok
    02-02
    Sonsonkok

    Great ariticle, would you like to share it?

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