How Big is Singapore's Economy?

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  • Опубліковано 3 гру 2024
  • Singapore is one of the biggest economic miracles in the 20th century. But just how big is its economy?
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КОМЕНТАРІ • 157

  • @BehindAsia
    @BehindAsia  3 дні тому +25

    Do you think Singapore has a big impact to the world?

    • @CatErpillar618
      @CatErpillar618 3 дні тому +4

      Singapore is a big country ofcourse it will enter G20 soon

    • @dongshengdi773
      @dongshengdi773 3 дні тому

      ​@@CatErpillar618no, Singapore is so small , nobody cares, and there's no Singaporean person in real life.

    • @WumingBoshi-oe9yu3ib7p
      @WumingBoshi-oe9yu3ib7p 3 дні тому +12

      Yes, a fine example of good governance for other countries to see and learn. China learned from Singapore and has progressed to a world's economic power.

    • @AlphaSorceror
      @AlphaSorceror 3 дні тому +3

      No

    • @BobZhenWei-n3i
      @BobZhenWei-n3i 3 дні тому

      Yes. As a Malaysian Chinese, I have witnessed the brain drain of my nations' many under appreciated commie comrades move to socialist Singapura!

  • @maxjek2374
    @maxjek2374 3 дні тому +36

    Professor Albert Winsemius, Dutch and UN economist, who guided and planned modern Singapore's economic growth from 1961-1984 should be congratulated also. His lessons and foresights were taken to heart and acted on by PM Lee Kuan Yew and Goh Keng Swee, minister for Finance.

    • @williamlew6910
      @williamlew6910 3 дні тому +1

      SG is better of after 2000 - No Goh Keng Swee around.

    • @liongjiahwong5478
      @liongjiahwong5478 2 дні тому +2

      Yes.. Singapore is always indebted to Albert Winsemius.

    • @lamdao1242
      @lamdao1242 2 дні тому

      @@williamlew6910 foundation was built. Strong foundation then can build high fast.

  • @WumingBoshi-oe9yu3ib7p
    @WumingBoshi-oe9yu3ib7p 3 дні тому +33

    The first two countries in the list of GDP per capital, Norway and Qatar, are oil producing countries.

    • @millevenon5853
      @millevenon5853 3 дні тому

      america, canada, Mexico, brazil and china are all top 10 oil producing nations

    • @Alaryk111
      @Alaryk111 2 дні тому +3

      And Singapore is an Oil proccessing country.

    • @eugenic12
      @eugenic12 2 дні тому

      Singapore is nothing more than a mediocre middleman between China and the West, just like Hong Kong and Macau. Their so-called economic success is nothing but a facade.

    • @noorulhasan4904
      @noorulhasan4904 2 дні тому

      Clear example that you don't know what you're talking about
      Qatar is not known for oil

    • @eugenic12
      @eugenic12 День тому +2

      @@noorulhasan4904 known for oil and gas. not a big difference

  • @ExistentialExperienceMusic
    @ExistentialExperienceMusic 2 дні тому +11

    Singapore's economic strategy is indeed fascinating. Their focus on regional investments and stability rather than the volatile US market makes a lot of sense. It's like playing chess, not checkers, with long-term gains in mind. 🇸🇬💼

  • @kageyamareijikun
    @kageyamareijikun 3 дні тому +19

    Singapore GDP per capita - 84k USD. Japan/Taiwan/S Korea - 33k USD.

  • @kevina2907
    @kevina2907 2 дні тому +7

    Well...Singapore was USA biggest Investor before. Imagine a tiny country were many countries biggest investors. Incredible.

    • @NewmaticKe
      @NewmaticKe 2 дні тому +1

      China, India, Indonesia and Vietnam.

  • @sososo01
    @sososo01 День тому +4

    싱가포르? 1인당 GDP가 높게 표시되는 이유가.. 아시아 금융 허브인 이유가 가장 크고, 또 외국 기업들 때문이다.
    세금이 없거나 매우 낮아서 외국의 많은 기업들이 싱가포르로 몰려갔고, 이들의 파이가 싱가포르 국내 GDP로 계산되서 높게 나오는 것. 이외에도 고소득의 외국인들도 세금 때문에 의도적으로 싱가포르로 주소를 옮기고 있고.
    무엇보다 싱가포르의 1인당 소득이 높게 표시되는, 가장 큰 이유는 이것이다. 아시아의 "금융 허브" 라는 것. 이게 가장 큰 이유인 게, 싱가포르에 있는 은행들의 모든 돈들이 모두 싱가포르 GDP로 잡힌다는 것!
    이게 금융 허브 역할을 하는, 아일랜드나 과거의 홍콩 그리고 지금의 싱가포르의 1인당 GDP가 높게 표시되는 결정적인 이유다. 실제 그 나라 국민들의 소득은 훨씬 낮은데, 낮은 세금 때문에 금융권에 몰린 외국의 엄청난 자금으로 인해서 GDP가 뻥튀기 되서 표시되는 것이다.

  • @merrick6484
    @merrick6484 3 дні тому +8

    Indians are learning.

    • @kelvin.008
      @kelvin.008 2 дні тому +2

      They go to Singapore 😂

    • @gongkia2000
      @gongkia2000 2 дні тому +1

      They sure are.. learning about the sheer corruption and mismanagement of the modi regime, and leaving for greener pastures like Canada and Singapore

  • @kelvin.008
    @kelvin.008 2 дні тому +2

    Even the Grab food delivery, goods delivery, pte hire vehicles people make sgd5-10k per mth!.

    • @deathtrack15
      @deathtrack15 2 дні тому +1

      That's not accurate. You make it sound that every grab driver earns that amount. Its the outliers that make that amount.

    • @noorulhasan4904
      @noorulhasan4904 2 дні тому

      Stop lying bruh that's not true at all

    • @kelvin.008
      @kelvin.008 2 дні тому

      @@noorulhasan4904 12 hrs day

  • @anziar3038
    @anziar3038 3 дні тому +17

    S'pore has a first-world PAP govt ranked the most effective in the world.❤

    • @williamlew6910
      @williamlew6910 3 дні тому +2

      ❤❤❤👍👍👍

    • @kstephenson9465
      @kstephenson9465 2 дні тому +3

      Also a police state like China

    • @lamdao1242
      @lamdao1242 2 дні тому +5

      @@kstephenson9465oh puhleeeze. It’s not North Korea. If people don’t like it, they can leave. Singaporeans travel a lot. They know what life is in other countries. Good education gives many Singaporeans the chance to migrate. Not so many choose to leave. So not as much of a police state as you think

    • @noorulhasan4904
      @noorulhasan4904 2 дні тому

      ​@@lamdao1242it still is a police state but not too bad i guess i mean public gathering are pretty much illegal

  • @lionpolis
    @lionpolis 3 дні тому +1

    Hey we bought a lot of US bonds etc

  • @MuhammadAhmad-db6sf
    @MuhammadAhmad-db6sf 3 дні тому +17

    Singapore are Great economy it has very big impact on world has like it shake world trade thousands of ships come cross straight of Melacca they have capacity of large export many economics have depend on it it's have so big tourism's industry where million of tourists come to it where it have also large forgine reserve's and great currency great leadership or also it have great influence on world politics they also great responsible or very well democracy state where its most least corrupt nation or least poor 🦾🇸🇬💯 Viva Singapore

  • @RobinaDuffy
    @RobinaDuffy 5 годин тому

    高質量的視頻內容!我還有一個問題:有人給我轉了点usdt,我有恢復短語。 pride pole obtain together second when future mask review nature potato bulb 我怎麼把它們變現呢?

  • @linhtetnaingbd71112
    @linhtetnaingbd71112 3 дні тому +6

    Nice video

  • @SamsonOhsem
    @SamsonOhsem 3 дні тому +10

    Asia's people very hardworking

    • @panyaboonc5621
      @panyaboonc5621 3 дні тому

      Not the Filipinos. If they are hardworking, today they will be like Singapore.

  • @OnMusicSoon1
    @OnMusicSoon1 3 дні тому +9

    That is how US companies and investors exert their influences to capture the market in Asia, go through Singapore. Japan, a country that has 10 times GDP of Singapore, 25 times the population, only creates 500,000 jobs in America via investment. Singapore created 250,000 jobs in America via investment. One order to Boeing in first Trump administration is 15 billion and during 08 crisis, our two sovereign funds spent 500 billion to support BOA and Citi Bank but US broke her promise of TPP and withdrew.

    • @mingzmings88
      @mingzmings88 3 дні тому

      Typical self serving sinkies. 😅

    • @lamdao1242
      @lamdao1242 2 дні тому +1

      Actually it is good for other TPP countries that trump withdrew from the TPP.

  • @ChinchillaBONK
    @ChinchillaBONK День тому

    Is there a need to have 5 decimal places for that percentage GDP graph? Looks so dumb

  • @johnywalker02
    @johnywalker02 3 дні тому +5

    The reason Singapore does not invest in the U.S. is that of concerns about market volatility and geopolitical risks, as well as a preference for opportunities within the region that align with its long-term economic strategy. Thank me later 🇵🇭🇵🇭🇵🇭

    • @NewmaticKe
      @NewmaticKe 2 дні тому +1

      Singapore is the largest Asian investor in the United States

    • @noeltan3596
      @noeltan3596 2 дні тому

      Singapore buys a ton of treasuries. Which it wouldn’t if they are really that concerned with the geopolitical situation.

    • @gongkia2000
      @gongkia2000 2 дні тому +3

      Thank you for the incorrect information!

    • @ogapadoga2
      @ogapadoga2 2 дні тому

      Singapore is the funder for the F-15EX engine

  • @youjpntube
    @youjpntube 2 дні тому +3

    How much of the DFI is laundry money?

    • @NewmaticKe
      @NewmaticKe 2 дні тому +3

      You're obviously not an economist

  • @misterbig9025
    @misterbig9025 3 дні тому +2

    When will The Philippine GDP overtake Singapore?

    • @walterwine
      @walterwine 3 дні тому

      Never, Philippines too corrupt and no discipline

    • @astakonaaves8029
      @astakonaaves8029 3 дні тому +1

      2500

    • @lauriebarns9901
      @lauriebarns9901 2 дні тому

      When the Philippines gets rid of corruption.

    • @kelvin.008
      @kelvin.008 2 дні тому

      ​@astakonaaves8029 probably NEVER.

    • @Thekidisalright
      @Thekidisalright 2 дні тому

      When their biggest export isn’t their people as domestic helpers in other countries, they can be successful if they invest in their people to become highly skilled, in demand workforce, this is what Singapore did

  • @INDIANSARESICKMENOFASIA
    @INDIANSARESICKMENOFASIA 3 дні тому +7

    Please do not by misled and fooled by GDP and GDP per capita. GDP can be manipulated by overstating/understating the prices of products/services. Cost of living is the real representation of living standards, NOT GDP per capita.

  • @ThoreClips10
    @ThoreClips10 2 дні тому

    If you calculate the money they have poured into Vietnam since 2010 till now you will be impressed. They are so rich they need to spend or invest their money fast because one day of delay is a day of loss interest.

  • @dokinglife
    @dokinglife День тому

    SG is slowly evolving to an elitist nation whereby the low income single elderlies work till death and most often die alone in their small rented flats.

  • @NormanHughesdix
    @NormanHughesdix 3 дні тому +6

    World most expensive vehicles

    • @kimchiba4570
      @kimchiba4570 3 дні тому +8

      You dun need a car in Singapore

    • @shadowj3311
      @shadowj3311 3 дні тому +4

      Yes he needs it to show off lol 😂

    • @freaker126
      @freaker126 3 дні тому +3

      can't afford don't buy ..take bus or mrt. Or better cycling. :p

    • @NormanHughesdix
      @NormanHughesdix 3 дні тому +1

      @@freaker126 I got car and motorbike so no need to be a freak

    • @panyaboonc5621
      @panyaboonc5621 3 дні тому +2

      ​​@@kimchiba4570, also the best public transportation city in Asia if not the world. So owning a car is not really necessary.

  • @pohkhui
    @pohkhui 3 дні тому +3

    US largest investor in Singapore.
    From the data shows, 574 billion over 2.6 trillion.
    Does it mean US own 22‰ of Singapore asset.???

    • @Nick-pc9tf
      @Nick-pc9tf 3 дні тому +6

      You can also check Singapore's investment to US and China. Does that mean Singapore own US and China?

    • @pohkhui
      @pohkhui 3 дні тому

      @Nick-pc9tf that is the same question i Wonder.
      Frankly speaking, i really don't know.

  • @NormanHughesdix
    @NormanHughesdix 3 дні тому +4

    And the foreigners there is favourite among bosses than locals

  • @firstimer
    @firstimer 2 дні тому +1

    singapore like middleman doing bussiness

  • @louishuang5271
    @louishuang5271 3 дні тому +8

    Well, the cost of living in Sg is insanely high.. We look rich on paper only..

    • @kimchiba4570
      @kimchiba4570 3 дні тому +11

      Like if you want to own a car , go frequent holidays and essentially live beyond your means ? I make 3.2k a month.. Live very very well cos I dun own a car , buy overpriced branded goods and services, live and paid off a humble 4 room hdb flat ... Healthcare n education are affordable... So BB what's expensive for you ?

    • @KKohl
      @KKohl 3 дні тому +12

      In meritocracy Singapore, where everyone starts from the same line, Blame yourself for being incompetent. No one owes u a living.

    • @shadowj3311
      @shadowj3311 3 дні тому +8

      are you a Singaporean? If so how can it be very expensive? Unless you are learning a normal income but want to live like a millionaire.

    • @williamlew6910
      @williamlew6910 3 дні тому +1

      ​@@kimchiba4570
      😂😂😂

    • @williamlew6910
      @williamlew6910 3 дні тому +1

      ​@@KKohl
      🎉🎉🎉

  • @josephfoo8873
    @josephfoo8873 День тому +1

    Yes, fine. But could YOU please dwell into how Singaporeans benefit from this GDP growth.
    Please try to understand also how Singapore citizens are grappling with problems within the so called successful tiny dot.
    Also the pressure faced by the Opposition Parties in wanting to obtain a better life for all Singaporeans.
    Thank you very much for reading my prompt !

  • @SuryaSurya-re3vn
    @SuryaSurya-re3vn 3 дні тому

    Almost all Singaporean are dual income households…. Very rich…

  • @wangjinwen7708
    @wangjinwen7708 2 дні тому

    Numbers does not reflect everything. Sometimes its just frustrating nonsense

  • @asrie1234
    @asrie1234 3 дні тому +3

    Originally dictator business management... Malaysia follow....

    • @ogapadoga2
      @ogapadoga2 2 дні тому +1

      Malaysia is corrupt dictatorship. Different.

    • @firstimer
      @firstimer 2 дні тому +3

      malaysia better focus education first.

    • @ogapadoga2
      @ogapadoga2 2 дні тому

      Malaysia is corrupt dictatorship. All the Malay leaders have criminal records and criminal charges.

    • @ogapadoga2
      @ogapadoga2 2 дні тому

      Malaysia is corrupt dictatorship. All the Malay leaders have criminal records and criminal charges.

    • @ogapadoga2
      @ogapadoga2 2 дні тому +3

      Malaysia is corrupt dictatorship not the same. All the Malay leaders have criminal records or criminal charges.

  • @INDIANSARESICKMENOFASIA
    @INDIANSARESICKMENOFASIA 3 дні тому +4

    Bear in mind that it was Narendra Modi, touted as the "most popular leader/Prime Minister of the World" by Indians (India), that proclaimed to the entire world that:
    *"The 21st century belongs to India"*
    *"India has become a space superpower"*
    *“India is today the fastest growing major economy in the world"*
    *"India is the voice/leader of the global south"*
    *"India a Vishwaguru (global teacher of the entire world)"*
    *Indian medias saying "India global tech leader of the world".*
    I laugh at the title of this video. 😆🤣😂😁🤭😏Big? No. Small compared to India.

    • @xjuan1156
      @xjuan1156 3 дні тому +12

      So is poverty and inequality, corruption, pollution, gender inequality, sexual violence, overpopulation, caste system and so much more. Well done India!

    • @williamlew6910
      @williamlew6910 3 дні тому +2

      ​@@xjuan1156
      😂😂😂😂😂

    • @INDIANSARESICKMENOFASIA
      @INDIANSARESICKMENOFASIA 3 дні тому

      @@xjuan1156 You are jealous of India saar!

    • @misterbig9025
      @misterbig9025 3 дні тому +5

      Please help me rid of my body odour, Saar!

    • @panyaboonc5621
      @panyaboonc5621 3 дні тому

      ​@@INDIANSARESICKMENOFASIA😂😂😂😂😂😂😂 is there nothing in India for others to be jealous? Curry powder maybe.

  • @wangjinwen7708
    @wangjinwen7708 2 дні тому +3

    Then how come i dun have that much money. 90% of citizens live in so called public housing HDB.

    • @shojun11
      @shojun11 2 дні тому

      GDP per capita is useless stat. The 10 percent rich owns majority of the money. The stat makes it look like every citizen have a fair share of the GDP. 😂

    • @limbehh8494
      @limbehh8494 2 дні тому +3

      Lol... there is nothing wrong living in HDB. 😊

    • @andylimjc
      @andylimjc 2 дні тому +2

      U don’t have money, but ur millionaires next door staying in HDBs have.

  • @oberstleutnant787
    @oberstleutnant787 3 дні тому +2

    Singapore always look up to Hong Kong as her mentor

    • @Thekidisalright
      @Thekidisalright 2 дні тому +4

      This was the 90s, not anymore, hongkong now wish they were Singapore

    • @Johnne009
      @Johnne009 2 дні тому

      Switzerland.

  • @yangyang1412
    @yangyang1412 3 дні тому +2

    dictatorship

    • @teckkeeang4363
      @teckkeeang4363 2 дні тому +5

      Pls don’t use such term from western civilisation to disguise your intention to downplay Singapore model. Any model that is not consistent with western economic model are considered dictatorship.

  • @gangstagummybear3432
    @gangstagummybear3432 3 дні тому

    lol

  • @JJJJJYT2205
    @JJJJJYT2205 2 дні тому +2

    You should go and see Taiwan's financial strength measure in terms of freedom of speech and Malaysia's growth and you will know how much stronger than Singapore they are.

    • @Drippinonyou
      @Drippinonyou 15 годин тому

      malaysias growth? go and see videos on anwar performance. How much debt he is piling on the economy. And also take note the recent studies on how very few malaysians can afford to retire... Look at all the malaysians critizing anwar like how they critized najib and mahathir. i very excited to see how the same corrupt politicans from all the past adminstrations perform. same same la.
      Sg surplus no debt all day still wanna compare? somemore your currency is not a trading currency still have so much debt. need to pay back 1MDB +Jana wibawa.

    • @allanlim9607
      @allanlim9607 3 хвилини тому

      Taiwan???? Lol

  • @Thekidisalright
    @Thekidisalright 2 дні тому +1

    No long term investment strategy would consider US as you are simply playing Russia roulette with your investment funds every 4 years